Business, Financial & Legal News - Page 4
It looks like coronavirus / COVID-19 is making waves in the delivery market (I'm surprised it took this long), with delivery startups like Postmates now offering customers a "non-contact delivery option" for those worried about contracting COVID-19.
It's not just Postmates though, with Instacart also implementing a similar non-contact strategy. The company saw a 10x increase in sales this week compared to the week before, as customers were concerned over coronavirus / COVID-19 so the company offered its customers a "leave it at my door option" instead.
Postmates explained the move to TechCrunch, with a spokesperson from the delivery startup saying: "Community health and safety is paramount at Postmates, and we have shared precautionary CDC guidance with our Postmates. Customers have an option to designate the drop-off of item without contact; and we'll continue to encourage employees, merchants and consumers to follow preventative measures. While we are operating with business as usual, we are tracking the situation closely and will help provide the resources necessary to mitigate increased risks".
Apple has joined the growing list of tech companies asking its employees to work from home over coronavirus outbreak fears, with Bloomberg reporting that Apple has asked its staff to work from home for now.
The iPhone giant has asked its employees to work from home as an "additional precaution", but it's not forced -- it's a recommendation from Apple, and not a requirement as there are staff that simply can't pick everything up and just work from home. The news joins other companies that are asking their staff to work from home amid coronavirus spreading throughout the planet.
Bloomberg's Mark Gurman has tweeted: "Apple is encouraging employees in Silicon Valley to work from home today if they can as an "additional precaution." Its local retail stores remain open". Interesting that Apple retail stores are still open, and I wonder how long it'll be until we see those stores possibly being closed if the coronavirus / COVID-19 situation gets worse.
The whole world is frowning in concern at the now rampant coronavirus (COVID-19) that is spreading around the globe, but some people just aren't really that phased by it.
One of those people is Tesla and SpaceX founder, Elon Musk, who recently took to his personal Twitter account to voice his opinions about the outbreak. Musk kept his statement short and sweet, saying "The coronavirus panic is dumb", which has caused a not-so-surprising amount of people to jump into the thread and tell him otherwise. The division is more than apparent and has caused Musk's Tweet to amass over 350,000 likes within almost 2 hours.
People are free to think whatever they want to think about COVID-19, but pure panic isn't the correct way to deal with the issue at hand. Experts suggest that correct preparations will be what solves this problem for everyone, and the more the people are informed with new and legitimate information, the more those preparations can be accurately implemented. The coronavirus may not be an immediately life-threatening disease, but its impact on the world is still big nonetheless. If you are after any more news surrounding COVID-19, check out this link here.
Google has reportedly ended all in-person job interviews over coronavirus fears, with the everything giant moving its job interviews through Hangouts.
The company has told potential candidates that all interviews will be done through video calls "for the forseeable future", after it restricted employee travel after a Google employee at its Switzerland office was tested positive for COVID-19. This is a big move by a big company, and with no end in sight for coronavirus / COVID-19 and its spread across the globe, it is worrying.
The Verge reports it has seen an email from Google staff, which read: "In light of the coronavirus (COVID-19) and to protect our candidates' and interviewers' health and wellbeing, we will be conducting all Google interviews globally virtually via Google Hangout (or BlueJeans for applicable countries) for the foreseeable future".
Back in 2017, Apple admitted that it slowed down older generation iPhones on purpose, now the company is set to pay out a massive $500 million.
According to a new report by Reuters, Apple is set to pay out $500 million to settle a massive lawsuit regarding how the company decided to intentionally slow down the performance of older generation iPhones. The lawsuit covers US iPhone 6, 6 Plus, 6s, 6s Plus, 7, 7 Plus, and SE models that were running iOS 10.2.1 or later. The suit also covers iPhone 7 and 7 Plus if those phones were running iOS 11.2 or later before December 12st, 2017.
Consumers can take part in the lawsuit and even get some money back from doing so. It's estimated that consumers could get $25 per phone, and in total, it's estimated that Apple will have to pay back $310 million to consumers. Reuters also mentioned that lawyers are seeking $93 million in legal fees with an additional $1.5 million in expenses. Lawyers also said that settlement for consumers is "fair, reasonable, and adequate" and that payment of $25 per phone is "considerable by any degree".
Facebook has confirmed that they will be actively battling the coronavirus on their platform in the form of removing any false advertising regarding the subject.
A Facebook spokesperson told Business Insider that "We recently implemented a policy to prohibit ads that refer to the coronavirus and create a sense of urgency, like implying a limited supply, or guaranteeing a cure or prevention. We also have policies for surfaces like Marketplace that prohibit similar behavior."
So, while Facebook can't necessarily do anything about the physical spreading of COVID-19, they have decided to battle it in their own way by removing any misinformation on its platforms. The spokesperson seems to be talking about any advertising about COVID-19 that will cause a "sense of urgency". Examples of this could be ads promoting any fake cures to the virus, prompts for donations to the infected, protective gear, prevention methods, misleading claims about health resources etc.
The COVID-19 virus is hitting numerous markets in the technology industry, and one of those markets is the PC market. Analysts are now stating their expectations for how much it will fall by the end of this year.
According to analyst firm, Canalys, the global PC market is expected to shrink by a whole 3.4% in total by the end of the year if shipments continue to be hindered by the outbreak. The analyst firm also says that if the state of the outbreak worsens over time, the global PC market is expected to take a larger hit of around 8.4%.
The country that suffers the most from this outbreak if obviously China, and in the event of the worst possible scenario, Chinese sales will fall by 12.2%. In the best-case scenario, analysts predict it should only be 3.8%. Here are some numbers that make it a bit easier to understand -- in 2019, around 396 million PC's were sold, and in 2020 Canalys predicts it could be anywhere between 362-382 million units.
A new report by the Department of Defence has revealed that the United States has failed to account for $715.8 million dollars worth of weapons and equipment while in Syria.
Members of the Special Operations Joint Task Force-Operations Inherent Resolve (SOJTF-OIR), which is apart of the United States' Combined Joint Task Force in Syria, purportedly "did not maintain comprehensive lists of all equipment purchased and received". These weapons and equipment were supplied to the United States and allies during the years of 2017 and 2018. Not only were weapons and equipment not accounted for, but some of the weapons and equipment that were accounted for suffered rust due to them not being correctly stored.
The report says that this rust happened because of "SOJTF-OIR personnel did not divest or dispose of CTEF-S equipment, which led to overcrowding at the BPC Kuwait warehouse". The Department of Defence report doesn't state if the 'lost' weapons and equipment ended up in the hands of Daesh and Al-Qaeda affiliates, but according to the Military Times some of it did "battlefield losses by partner forces and as a result of Islamic State [Daesh] fighters plundering the armories of U.S.-backed groups in early 2014 as the jihadi group surged across Iraq and Syria".
Seventeen members of a German parliamentary group have nominated whistleblowers Edward Snowden, Julian Assange and Chelsea Manning for the 2020 Nobel Peace Prize.
According to the full letter, which was published on the Courage Foundation's website, these seventeen members of the parliamentary group believe that Edward Snowden, Julian Assange, and Chelsea Manning have shown extraordinary efforts towards deserving a Nobel Peace Prize.
The group believes that Assange's efforts to expose "the extent of harm and illegality behind the Iraq and Afghanistan wars", Snowden's revealing of "illegal mass surveillance, in defence of the liberties", and Manning's disclosure of 750,000 "classified, or unclassified but sensitive, military and diplomatic documents" to WikiLeaks represents enormous sacrifice for these individuals. The group also believe that a Nobel Peace Prize would more than honor the actions of these individuals, and represent their own sacrifice of liberties.
NVIDIA shareholders would be smiling right now, with stock reaching a new all-time high for the company -- hitting $314 with a market cap of $192 billion.
The last time NVIDIA was on this trajectory was back in September 2018 as it launched its new Turing GPU architecture and the GeForce RTX brand. NVIDIA stock was hitting close to $280 at the time, but cratered just before Christmas 2018 reaching the lows of around $129.
NVIDIA didn't have quite the success that it expected with the GeForce RTX 20 series graphics cards, but the shift down to 7nm and the upcoming Ampere GPU architecture that should be unveiled at its GPU Technology Conference (GTC) in March will help that. We can expect the launch of the next-gen GeForce RTX 3080 and GeForce RTX 3070 graphics cards this year, which will mark for an even more successful year for NVIDIA.