Finance - Encircle News!

author_name|Devindra Hardawar, Finance, Information Technology, Investment & Company Information, language|en-US, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News

Microsoft’s gaming revenue is up 49 percent in Q2, mostly thanks to the Activision deal

January 30, 2024

Devindra Hardawar

Microsoft posted another blowout earnings report for Q2 of the 2024 fiscal year, with revenues of $62 billion (up 18 percent from last year) and profits of $21.9 billion (a 33 increase). But really, the most interesting thing about this quarter is that…
Read more: Microsoft’s gaming revenue is up 49 percent in Q2, mostly thanks to the Activision deal
author_name|Devindra Hardawar, Finance, Information Technology, Investment & Company Information, language|en-US, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News

Microsoft’s gaming revenue was up 49 percent in Q2, mostly thanks to the Activision deal

January 30, 2024

Devindra Hardawar

Microsoft posted another blowout earnings report for Q2 of the 2024 fiscal year, with revenues of $62 billion (up 18 percent from last year) and profits of $21.9 billion (a 33 percent increase). But really, the most interesting thing about this quarter…
Read more: Microsoft’s gaming revenue was up 49 percent in Q2, mostly thanks to the Activision deal
author_name|Pranav Dixit, Finance, Investment & Company Information, language|en-US, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News

PayPal is laying off 2,500 employees

January 30, 2024

Pranav Dixit

PayPal is laying off nine percent of its workforce, the company’s CEO Alex Chriss told staff in a letter on Tuesday that PayPal made public hours later. The decision will impact about 2,500 employees, who will find out their fate between today and the …
Read more: PayPal is laying off 2,500 employees
author_name|Nathan Ingraham, Consumer Discretionary, Finance, Investment & Company Information, language|en-US, Mergers, Acquisitions & Takeovers, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News

Amazon terminates $1.4 billion iRobot acquisition after EU veto threat

January 29, 2024

Nathan Ingraham,Kris Holt

Amazon and iRobot, maker of the Roomba vacuum line, just announced that they would be dropping their proposed merger. The potential acquisition was announced back in August of 2022 and was immediately the target of antitrust watchdogs, particularly in …
Read more: Amazon terminates $1.4 billion iRobot acquisition after EU veto threat
analysis, Business, Finance, Layoffs, Record Labels, Tech Industry, Tech News, universal music group

If the Music Business Keeps Growing, Why the Layoffs?

January 26, 2024

Colin Stutz

Media business layoffs are hitting the music industry, with more to come from Universal Music and perhaps other labels.
Read more: If the Music Business Keeps Growing, Why the Layoffs?
analysis, Business, Finance, Layoffs, Record Labels, Tech Industry, Tech News, universal music group

If the Music Business Keeps Growing, Why the Layoffs?

January 26, 2024

Colin Stutz

Media business layoffs are hitting the music industry, with more to come from Universal Music and perhaps other labels.
Read more: If the Music Business Keeps Growing, Why the Layoffs?
author_name|Katie Malone, Finance, language|en-US, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News

LoanDepot discloses that hackers breached personal data of 16 million customers

January 22, 2024

Katie Malone

As mortgage lender LoanDepot continues recovery efforts from a ransomware attack, it revealed on Monday that hackers stole data from more than 16 million customers. A Securities and Exchange Commission filing from the mortgage lender did not detail wha…
Read more: LoanDepot discloses that hackers breached personal data of 16 million customers
author_name|Katie Malone, Business, Company Legal & Law Matters, Finance, language|en-US, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News

Apparel supplier for North Face, Vans admits its cyberattack led to a data breach of 35 million customers

January 22, 2024

Katie Malone

Major apparel supplier VF Corp followed up on its December cyberattack disclosure, with its latest Securities and Exchange Commission form admitting to a data breach impacting up to 35.5 million customers. That means if you’ve purchased from its major brands like Vans, North Face, Timberland, Dickies and more, you may have been impacted. But VF…
Read more: Apparel supplier for North Face, Vans admits its cyberattack led to a data breach of 35 million customers
author_name|Kris Holt, Consumer Discretionary, Finance, language|en-US, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News, Transportation

Hertz is selling 20,000 EVs and replacing them with gas-powered vehicles

January 11, 2024

Kris Holt

Hertz says it’s selling around 20,000 electric vehicles from its US fleet, which constitutes approximately a third of its total number of EVs in its global fleet. It claimed that “expenses related to collision and damage, primarily associated with EVs,…
Read more: Hertz is selling 20,000 EVs and replacing them with gas-powered vehicles
author_name|Karissa Bell, ETFs, Finance, Financials Industry, Investment & Company Information, language|en-US, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News

SEC approves bitcoin ETFs (for real this time)

January 10, 2024

Karissa Bell

The Securities and Exchange Commission has approved the applications of 11 spot bitcoin ETFs in a highly anticipated decision that will make it much easier for people to dabble in cryptocurrency investing without directly buying and holding bitcoin. Th…
Read more: SEC approves bitcoin ETFs (for real this time)

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TWiT 1007: All the Hotdogs in the World – China's 'Salt Typhoon' Hack, Google on the Chopping Block, Recall AI – This Week in Tech (Audio)

In this episode of This Week in Tech, the panel tackles the "biggest hack in US history," the future of AI, and the role of government in tech. From the Chinese hack's implications to Microsoft's AI-powered Recall, the Supreme Court's tech-related cases, and the push for social media age verification, Leo Laporte, Patrick Beja, Wesley Faulkner, and Alex Wilhelm provide insightful analysis and lively discussion on the most pressing issues facing the industry today. China's "Salt Typhoon" hack, dubbed the "worst hack in our nation's history," which compromised US telecommunications infrastructure and allowed surveillance of high-profile individuals The panel debates the challenges of securing outdated infrastructure and the role of government in regulating tech companies DOJ's push for Google to sell off Chrome to break its search monopoly, and the potential implications for competition and innovation Alex Wilhelm's article "If you like startups, you should love anti-trust" and the importance of fostering competition in the tech industry Microsoft's Windows 365 Link, a $349 mini PC that streams Windows from the cloud, and the potential for thin client computing Microsoft's Recall AI feature, which records and indexes users' screen activity, raising security concerns but offering potential benefits for users The Supreme Court's involvement in cases related to Facebook's Cambridge Analytica data breach and the fate of America's low-income broadband fund The panel also discusses their personal experiences with parenting in the digital age and the challenges of balancing screen time, privacy, and education for children Meta's push for Apple and Google to verify users' ages on social media platforms, and the challenges of implementing effective age verification while protecting user privacy Amazon's talks with Instacart, Uber, Ticketmaster, and others to enhance its AI-powered Alexa assistant Spirit Airlines filing for bankruptcy amidst financial losses and mounting debt payments Alex laments the addition of ads to Amazon Prime Video and the panel debates the tradeoffs of bundled subscription services Host: Leo Laporte Guests: Patrick Beja, Wesley Faulkner, and Alex Wilhelm Download or subscribe to This Week in Tech at https://twit.tv/shows/this-week-in-tech Get episodes ad-free with Club TWiT at https://twit.tv/clubtwit Sponsors: Melissa.com/twit shopify.com/twit veeam.com lookout.com bitwarden.com/twit

Encircle News!

Category: Finance

Microsoft’s gaming revenue is up 49 percent in Q2, mostly thanks to the Activision deal

Microsoft’s gaming revenue was up 49 percent in Q2, mostly thanks to the Activision deal

PayPal is laying off 2,500 employees

Amazon terminates $1.4 billion iRobot acquisition after EU veto threat

If the Music Business Keeps Growing, Why the Layoffs?

If the Music Business Keeps Growing, Why the Layoffs?

LoanDepot discloses that hackers breached personal data of 16 million customers

Apparel supplier for North Face, Vans admits its cyberattack led to a data breach of 35 million customers

Hertz is selling 20,000 EVs and replacing them with gas-powered vehicles

SEC approves bitcoin ETFs (for real this time)

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TWiT 1007: All the Hotdogs in the World – China's 'Salt Typhoon' Hack, Google on the Chopping Block, Recall AI – This Week in Tech (Audio)