Six major internet companies and internet-service providers, including AT&T, Twitter and Alphabet‘s Google, Amazon and Charter Communications will detail their consumer data privacy practices to a U.S. Senate panel Wednesday. Despite the optics of Big Tech vs. Big Government, the data privacy regulatory trend is more likely to result in […]
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JPMorgan is reportedly in talks to lead Lyft’s IPO
JPMorgan Chase is in talks about leading Lyft’s upcoming initial public offering as an underwriter, after rivals Goldman Sachs and Morgan Stanley decided not to pursue such a role out of loyalty to another IPO hopeful, Lyft’s larger competitor Uber Technologies, according to people familiar with the matter. The move […]
Amazon just rolled out its Whole Foods grocery delivery service in these cities
Amazon has expanded its grocery delivery service from its Whole Foods stores to more cities across the United States. The service is now available in Milwaukee, Omaha, Detroit, Jacksonville, Madison, Orlando, St. Louis, Ann Arbor, Tampa and Tulsa as well as in more areas around New York City and Seattle. […]
Chinese hotpot chain Haidilao’s IPO valuation is ‘a bit high’
Chinese hotpot chain Haidilao made its debut on the Hong Kong stock exchange on Wednesday, but some analysts are already questioning the company’s valuation and its ability to maintain its competitive edge. “I personally didn’t subscribe, I think the valuation is a bit high to my appetite,” Jackson Wong, associate […]
Carmakers trigger Brexit contingency plans as no deal uncertainty grows
Carmakers in Britain have triggered some Brexit contingency plans such as certifying models in Europe and are working on redrawing production schedules and stockpiling more parts to defend against any loss of unfettered trade after Brexit. Such moves would allow plants, which rely on the just-in-time delivery of tens of […]
‘We must move now into doing mode’: Germany’s political mess is annoying business leaders
German Chancellor Angela Merkel’s position is looking weaker-than-ever and German business leaders are worried about it. Leading a fractious coalition government since voters delivered a hung parliament during Germany’s last election in October 2017, Merkel’s long-term leadership of Germany – one that has previously earned her the nickname of “Mutti,” […]
England’s Football Association reportedly agrees to sell Wembley Stadium to US billionaire
The iconic Wembley Stadium, known as the home of English soccer, could be sold to U.S. billionaire Shahid Khan for 600 million pounds ($790.4 million) — if the deal gets full support within England’s The Football Association, according to the Financial Times. The association and Khan have agreed to a […]
Crypto industry leaders warn Congress: Figure out regulation, or watch innovation leave the US
The cryptocurrency industry has a plea for Congress: Hurry up and regulate, please. More than 50 industry participants gathered on Capitol Hill for a roundtable discussion hosted by Rep. Warren Davidson, R-Ohio, Tuesday. Although attendees varied, none were from anti-establishment groups popular in the cryptocurrency space, nor did they include […]
US transport safety body faults Air Canada pilots for last year’s near disaster in San Francisco
Federal safety officials blame two Air Canada pilots for coming within 10 to 20 feet of crashing their jetliner into a plane on the ground last year in San Francisco. The Air Canada pilots were apparently confused because one of two parallel runways was closed and dark before the late-night […]
Delta resumes operations after a ‘technology issue’ briefly halted flights
Delta Air Lines said it resumed operations after a “technology issue” briefly halted domestic departures on Tuesday evening. The second-largest U.S. airline had issued a ground stop for U.S. flights, which prevented planes from departing. It said there had “been no disruption or safety issue with any Delta flight currently […]