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U.S. agency probes Facebook for ‘systemic’ racial bias in hiring, promotions

(Reuters) – A U.S. agency investigating Facebook Inc for racial bias in hiring and promotions has designated the probe as “systemic,” attorneys for three job applicants and a manager who claim the company discriminated against them told Reuters on Friday. A “systemic” probe means the agency, the Equal Employment Opportunity Commission, suspects company policies may …

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More than 20,000 U.S. organizations compromised through Microsoft flaw

WASHINGTON (Reuters) – More than 20,000 U.S. organizations have been compromised through a back door installed via recently patched flaws in Microsoft Corp’s email software, a person familiar with the U.S. government’s response said on Friday. The hacking has already reached more places than all of the tainted code downloaded from SolarWinds Corp, the company …

More than 20,000 U.S. organizations compromised through Microsoft flaw قراءة المزيد »

‘Fintech is coming into the mainstream from this pandemic,’ J.P. Morgan’s Joyce Chang says

With the pandemic boosting demand for alternative assets, J.P. Morgan Securities’ Joyce Chang is seeing a new dynamic unfolding in the cryptocurrency space: a battle between banks and fintech. “Fintech is coming into the mainstream from this pandemic as there has really been demand for digital services — less in person transactions,” the firm’s chair …

‘Fintech is coming into the mainstream from this pandemic,’ J.P. Morgan’s Joyce Chang says قراءة المزيد »

London Stock Exchange boss sounds the alarm on SPAC ‘froth’

KEY POINTS London Stock Exchange Group CEO David Schwimmer warned of “froth” in the red-hot SPAC market. Excess in U.S. SPACs “could end poorly” for investors, Schwimmer told reporters Friday. A U.K. government-backed review is calling for reforms to London’s listings regime. (CNBC)/LONDON — Special purpose acquisition companies, or SPACs, are showing signs of “froth” …

London Stock Exchange boss sounds the alarm on SPAC ‘froth’ قراءة المزيد »

Jack Dorsey is offering to sell the first tweet as an NFT and the highest bid is $2.5 million

KEY POINTS Crypto collectibles have exploded in popularity lately, with anyone from artists to rock bands minting their content. Now, Jack Dorsey appears to be offering to sell the very first tweet as a non-fungible token. The Twitter CEO shared a link Friday afternoon to a platform called “Valuables,” where his March 21, 2006 tweet …

Jack Dorsey is offering to sell the first tweet as an NFT and the highest bid is $2.5 million قراءة المزيد »

Bitcoin steams to new record and nears $1 trillion market cap

LONDON/TOKYO (Reuters) – Bitcoin hit yet another record high on Friday, and moved within sight of a market capitalisation of $1 trillion, blithely shrugging off analyst warnings that it is an “economic side show” and a poor hedge against a fall in stock prices. The world’s most popular cryptocurrency jumped 2.6% to an all-time high …

Bitcoin steams to new record and nears $1 trillion market cap قراءة المزيد »

Coming bill would allow U.S. news publishers to team up when negotiating with Facebook, Google

WASHINGTON (Reuters) – Bipartisan members of Congress plan to introduce a bill in coming weeks to make it easier for smaller news organizations to negotiate with Big Tech platforms, said Rep. Ken Buck, the top Republican on the House Judiciary Committee’s antitrust panel. Buck, who was named the ranking member this month, told Reuters on …

Coming bill would allow U.S. news publishers to team up when negotiating with Facebook, Google قراءة المزيد »

Uber drivers entitled to worker rights, top UK court rules in blow to business model

LONDON (Reuters) – A group of Uber drivers are entitled to worker rights such as the minimum wage, Britain’s Supreme Court ruled on Friday in a blow to the ride-hailing service that has ramifications for millions of others in the gig economy. In a case led by two former Uber drivers, a London employment tribunal …

Uber drivers entitled to worker rights, top UK court rules in blow to business model قراءة المزيد »

Take Five: Bond yield rise might be the real thing

LONDON (Reuters) – 1/ YIELD JOLT Higher U.S. Treasury yields have so far done little more than jolt equity markets off record highs. That will change if “real” yields — adjusted for inflation — take off. It was last year’s real yield plunge which sent cash flooding into stocks; while expensive, they looked like a …

Take Five: Bond yield rise might be the real thing قراءة المزيد »

Futures muted ahead of retail sales data, Fed minutes

(Reuters) – U.S. stock index futures were subdued on Wednesday as investors stayed away from making big bets ahead of monthly retail sales data and the release of minutes from the U.S Federal Reserve’s January meeting. Retail sales are estimated to rise 1.1% in January, helped by the disbursal of another round of pandemic relief …

Futures muted ahead of retail sales data, Fed minutes قراءة المزيد »

Epic Games takes Apple fight to EU antitrust regulators

BRUSSELS (Reuters) – Fortnite creator Epic Games has taken its fight against Apple to European Union antitrust regulators, ramping up it dispute with the iPhone maker over its App Store payment system and control over app downloads. The two companies have been locked in a legal dispute since last August, when the game maker tried …

Epic Games takes Apple fight to EU antitrust regulators قراءة المزيد »

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