The U.S. reported 4.6 million vaccine doses administered on Saturday, a new single-day record, and another 3.6 million shots given on Sunday. That brings the daily average of doses administered over the past week to 3.1 million. At the same time, the country is reporting 70,000 new coronavirus cases per […]
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Microsoft buys speech recognition firm Nuance in a $16 billion deal
Microsoft announced Monday that it will buy speech recognition company Nuance Communications for $56 per share, about 23% above its closing price Friday. The deal is worth about $16 billion and about $19 billion including debt. It’s the latest sign Microsoft is hunting for more growth through acquisitions. The company […]
Biden meets today with executives on chip shortage as U.S. auto industry feels the pain
General Motors employees work on the assembly line at Fairfax Assembly & Stamping Plant in Kansas City, Kansas. Jim Barcus for General Motors Clarence E. Brown has experienced union strikes, plant shutdowns and layoffs due to parts shortages during his 47 years working for General Motors. But Brown, president of […]
Microsoft buys Nuance Communications in a $16 billion deal
Microsoft CEO Satya Nadella looks on during a panel session on day three of the World Economic Forum in Davos, Switzerland, on Jan. 24, 2019. Jason Alden | Bloomberg | Getty Images Microsoft announced Monday that it will buy speech recognition company Nuance Communications for $56 per share, about 23% […]
ETF investors say Coinbase listing will cause explosion in crypto investing
Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings | Getty Images for TechCrunch The pending Coinbase direct listing, scheduled for Wednesday on the Nasdaq under the symbol COIN, is exciting a broad base of the investment community outside the usual cryptocurrency crowd. “Coinbase is […]
How to trade defense stocks after President Biden’s ‘skinny’ budget
Defense stocks were under pressure after President Joe Biden released his first budget request. The budget, released Friday, called for a 16% increase in nondefense spending, but a much smaller 1.7% increase in defense spending. While the total Department of Defense spending number itself is down only 0.4%, defense stocks […]
Secretary of State warns Moscow of consequences as Russian troops amass near Ukraine
Secretary of State Antony Blinken gives a press briefing at the end of a NATO Foreign Ministers’ meeting at the Alliance’s headquarters in Brussels, Belgium, March 24, 2021. Olivier Hoslet | Reuters WASHINGTON – Secretary of State Antony Blinken said Sunday he was concerned about the number of Russian troops […]
Uber posts record gross bookings in March as ride-hailing demand picks up
Dara Khosrowshahi, CEO of Uber, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan,. 22nd, 2020. Adam Galica | CNBC Uber on Monday said it posted record gross bookings in the month of March, signaling a pick-up in demand for its ride-hailing business. […]
General Motors-backed Cruise is set to expand self-driving operations to Dubai in 2023
Kyle Vogt, co-founder, president and chief technology officer for Cruise Automation Inc., speaks as he stands next to the Cruise Origin electric driverless shuttle during a reveal event in San Francisco, California, U.S., on Tuesday, Jan. 21, 2020. David Paul Morris | Bloomberg | Getty Images General Motors’ majority-owned autonomous […]
India overtakes Brazil to become the second-worst hit country as Covid cases soar
A beneficiary receives a dose of Covid-19 vaccine, at HB Kanwatia Hospital in Jaipur, Rajasthan, India, on April 11, 2021. Vishal Bhatnagar | NurPhoto | Getty Images India overtook Brazil as the second worst-infected country behind the United States after data showed that Covid-19 cases continued to surge. The South […]