How Artificial Intelligence May Make A Dent In The Technology Productivity Crisis
So far, the impact of information technology on overall productivity has been a mixed bag, and even disappointing. IT has been reshaping workplaces in a big way since the 1980s, yet, there appears to be little to show for all this progress — many argue that technology may even inhibit productivity growth. There are many […]
U.S. chip startup claims Huawei trying to steal its technology
Chinese telecom giant denies allegations An escalating battle between the U.S. and China for supremacy in semiconductor technology is playing out in federal court between Chinese telecommunications giant Huawei Technologies Co. and a Silicon Valley startup backed by Microsoft Corp. and Dell Technologies Inc. CNEX Labs Inc., based in San Jose, Calif., and its co-founder […]
Apple sued over FaceTime technology
Patent troll Uniloc on Thursday filed a fresh legal claim against Apple — its third in as many weeks — asserting the tech giant’s FaceTime technology infringes on an internet telephony invention developed by Hewlett-Packard. Filed with the U.S. District Court for the Western District of Texas, Uniloc’s latest attempt at Apple’s cash claims FaceTime’s […]
Amazon creates 600 technology jobs in Manchester
Online retailer to expand R&D operations in the city as well as in Edinburgh and Cambridge Amazon has said the UK will be “taking a leading role in global innovation” as it announced plans to hire 1,000 more technology, research and other skilled workers by next year. The US online retailer is to open its […]
Dollar pulls higher as high-beta currencies slide
Yuan loses ground after U.S. stops short of calling China a currency manipulator The U.S. dollar strengthened as Thursday’s session went on, leading to a softening of risk-sensitive currencies. As the buck pulled higher, global equities, including U.S. benchmarks such as the S&P 500 SPX, -1.44% and the Dow Jones Industrial Average DJIA, -1.27% pushed […]
PayPal sees encouraging growth from Venmo; shares surge after hours
Company beats expectations on quarterly earnings and revenue PayPal Holdings Inc. says that its efforts to make money from Venmo are nearing a “tipping point,” news that helped send shares of the payments company up 7% in after-hours trading Thursday. Chief Executive Dan Schulman said on the company’s earnings conference call that 24% of Venmo […]
Oil tallies a two session decline of more than 4%
Weekly U.S. natural-gas supplies top 3 trillion cubic feet: EIA Oil futures fell sharply Thursday to tally a drop of more than 4% in two sessions, as a fourth straight weekly climb in U.S. crude inventories helped ease concerns over tight global supplies, with the U.S. set to impose sanctions on Iranian oil next month. […]
Half of Americans with this credit card regretted getting one
Some 88% of households with an annual income of $100,000 have had one of these cards Next time the cashier at the checkout counter suggests signing up for a credit card to get extra savings, you may want to hold off. Nearly half (47%) of Americans who have held a store credit card have regretted […]
Mortgage: locked or not?
Homeowners with variable-rate mortgages have seen their rates rise over the past year as the Bank of Canada has raised its key interest rate target four times. And now, with economists expecting the central bank to raise its target interest rate again next week, those who have continued to stick with the variable-rate option may […]
BC Fed boss stepping down
BC Federation of Labour president Irene Lanzinger has announced she will not seek a third term as leader of British Columbia’s largest organization representing workers. Lanzinger says in a news release she will not run for another two-year term when the federation holds its convention next month in Vancouver. The 63-year-old, who also served two […]