In this photo illustration, a Robinhood Markets logo is displayed on a smartphone. Rafael Henrique | SOPA images | LightRocket via Getty Images Venture capital investors are betting big on Robinhood this year with pandemic-plagued years when people sitting at home, especially younger investors, jump into trading with a stock …
Read More »Rackspace shares experience on report that Amazon is in talks to invest in business
Rackspace Noah Berger | Bloomberg | Getty Images Shares of Rackspace jumped more than 15% Monday morning on a report that Amazon is in talks to invest in the cloud service business. Trading was stopped briefly due to volatility after the report was published in Reuters. A source familiar with …
Read More »Dr Scott Gottlieb demonstrates Yale’s new regret-based coronavirus test
Dr Scott Gottlieb told CNBC on Monday that he believes Yale University’s saliva-based coronavirus test is a major development in the United States’ pandemic response. “I think it’s very important,” Gottlieb said on “Squawk Box” after the Food and Drug Administration’s decision to authorize emergency testing on Saturday. The test, …
Read More »US tightening restrictions on access to Huawei to technology, chips
The Trump administration announced Monday that it will further tighten restrictions on Huawei Technologies, intended to destroy its access to commercially available chips. The actions of the US Commerce Department, first reported by Reuters, will expand in May announced restrictions aimed at preventing the Chinese telecommunications giant from obtaining semiconductors …
Read More »Former McDonald’s CEO Steve Easterbrook is stepping back on business matters
Steve Easterbrook, president and chief executive officer of McDonald’s Corp., walks the grounds after a morning session at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Wednesday, July 12, 2017. David Paul Morris | Bloomberg | Getty Images McDonald’s former CEO Steve Easterbrook shot …
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