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Yellen Backing Re-appointment of Powell as U.S Federal Reserve Chairman

United States Treasury Secretary Janet Yellen, is supporting the re-appointment of Jerome Powell as the chairman of the United States Federal Reserve. This information was revealed by senior White House advisers who claimed Yellen made the revelation to them. A Bloomberg reporter posted a tweet suggesting that U.S President Joe Biden is more likely to […]

Apple Asked by Policy Groups to Drop Inspection of iMessages for Abuse Images

IPhone manufacturer and giant technology company Apple Inc. (AAPL) has been asked by more than 90 policy and rights groups through an open letter to drop its plan of scanning children’s messages for images portraying nudity and adults phones for sex child abuse images. “Though these capabilities are intended to protect children and to reduce […]

Goldman Sachs Set to Acquire Asset manager NNIP in a $1.98 Billion Deal

Global investment bank providing securities and investment management services Goldman Sachs Inc. (GS) is set to acquire the asset management unit of Dutch based insurer NNIP Group in a deal worth $1.98 billion. This deal will go down as the biggest acquisition deal ever since the current chief executive officer of the bank, David Solomon […]

Hackers Steal Personal Data of 7.8 Million T-Mobile Users

United States based wireless network operator T-Mobile US Inc. (TMUS) has revealed that hackers who compromised their systems made away with personal data of about 7.8 million postpaid current customers. The company further said investigations on the matter age going aiming to reach at the root of the matter. The company came to know of […]

U.S Planning to Administer COVID-19 Booster Shots Starting From September

The administration of United States President Joe Biden is planning to start administering COVID-19 booster shots across the country starting September. A source involved in the matter said that the initiative is only pending the authorization of the United States Foods and Drug Administration (FDA). The source revealed that health officials in Biden’s administration held […]

Software Maker Seismic Raises $170 Million in Latest Financing Round

San Diego based software development company Seismic Software Inc. announced having raised $170 million from its recently concluded financing round which leaves the company with a market valuation of $3 billion. The company is largely involved in making software that helps sales people engage more efficiently with buyers. The company has a client base of […]

India Set to Unveil $1.35 Trillion National Infrastructure Plan

Anytime soon, India will unveil a $1.35 Trillion (100 trillion rupees) national infrastructure plan which is aimed at helping to generate jobs and expand the use of cleaner fuels to achieve the country’s climate goals. This information was revealed by India’s Prime Minister Narendra Modi. According to the prime minister, this infrastructure plan dubbed ‘Gati […]

Here’s Why Facebook Might Lose GIF Website Giphy

Social media pioneer Facebook Inc. (FB) might be forced to sell its GIF website Giphy after an investigation by Britain’s antitrust regulator Competition and Markets Authority (CMA) found out that the deal between the companies could possibly harm competition in display advertising. The market regulator revealed its findings on August 11, further adding that it […]

Intel Fails to Overturn $2.18 Billion Patent Infringement Payment

Semiconductor computer circuit manufacturer Intel Corporation (INTC) has lost a court case in which it sought to overturn a $2.18 billion patent infringement payment to designer and manufacturer of custom and semi-custom integrated circuits VLSI Technology LLC. U.S. District Judge Alan Albright in Waco, Texas, turned down Intel’s motion seeking to overturn the payment which […]

Amazon to Pay Customers Who Suffer Injuries or Damage From Defective Goods

Giant online retailer and technology company Amazon Inc. (AMZN) says that it will be paying customers who suffer injuries or property damages due to defective goods sold on its United States platform. The company announced this following introduction of a new policy that could reduce litigation, however, Amazon insists it does not admit liability. Over […]