Lawmakers question whether top Amazon executives lied to Congress

Amazon Founder and CEO Jeff Bezos Mark Ralston | AFP | Getty Images Five members of the House Judiciary Committee sent a letter to Amazon CEO Andy Jassy questioning whether the company’s top executives misled Congress or lied under oath as part of a broad investigation into competitive practices at big tech companies. Reps. Jerrold … Read more

Many of 2021’s record ETF launches are ESG-related, but it may not move the needle enough, CEO warns

The growing supply of environmental, social and governance-related exchange-traded funds won’t be enough to meaningfully mitigate broad issues such as climate change, Van Eck Associates’ CEO says. “ESG is good as a coherent investment approach on a fund-by-fund basis to make a difference and it’s good signaling, but to put it in perspective, it’s not … Read more

Climate change will dominate Biden’s agenda when he heads to Europe in two weeks

US President Joe Biden delivers remarks and participates in the virtual Leaders Summit on Climate Session 5: The Economic Opportunities of Climate Action from the White House in Washington, DC, on April 23, 2021. Jim Watson | AFP | Getty Images President Joe Biden and first lady Jill Biden will travel to Europe in two … Read more

Amazon will let managers decide how often employees come into the office

The Amazon headquarters sits virtually empty on March 10, 2020 in downtown Seattle, Washington. In response to the coronavirus outbreak, Amazon recommended all employees in its Seattle office to work from home, leaving much of downtown nearly void of people. John Moore | Getty Images Amazon is giving its employees more flexibility to work from … Read more

Tech whistleblowers are having a moment, and one woman who’s been there has found a new way to help

Former Google, Facebook and Pinterest employee Ifeoma Ozoma launched a free resource guide and a new California law in the same week. Ifeoma Ozoma Whistleblowers are getting louder in Silicon Valley. Most notable is ex-Facebook employee Frances Haugen, who testified in front of Congress this week after revealing documents that showed the company is aware … Read more

How GM hopes to woo Wall Street during its two-day investor event

GM CEO and chairman Mary Barra speaks during an “EV Day” on March 4, 2020 at the company’s tech and design campus in Warren, Mich., a suburb of Detroit GM DETROIT – Wall Street is expecting a lot from General Motors’ two-day investor event that starts Wednesday afternoon  – from specific revenue and earnings targets … Read more

Facebook whistleblower: The company knows it’s harming people and the buck stops with Zuckerberg

Facebook whistleblower Frances Haugen told a Senate panel Tuesday that Congress must intervene to solve the “crisis” created by her former employer’s products. The former Facebook product manager for civic misinformation told lawmakers that Facebook’s algorithm could steer young users from something relatively innocuous like healthy recipes to content promoting anorexia in a short period … Read more

Facebook whistleblower reveals identity, accuses the platform of a ‘betrayal of democracy’

A Facebook whistleblower who brought internal documents detailing the company’s research to The Wall Street Journal and the U.S. Congress unmasked herself ahead of an interview she gave to “60 Minutes,” which aired Sunday night. Frances Haugen, a former product manager on Facebook’s civic misinformation team, according to her website, revealed herself as the source … Read more

Google’s pivot away from bank accounts shows why finance is a tough industry for tech giants

The logo for Google Pay displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images At least one tech giant has decided it’s better to serve banks rather than taking them head on. Google is shuttering its bank account product nearly two years after announcing ambitious plans to take on the retail finance … Read more

Comcast drops MSG’s Rangers, Knicks games after saying almost no one watches them

Julius Randle #30 of the New York Knicks drives to the basket against the Atlanta Hawks during Round 1, Game 5 of the 2021 NBA Playoffs on June 2, 2021 at Madison Square Garden in New York City, New York. Nathaniel S. Butler | National Basketball Association | Getty Images Madison Square Garden Network traded … Read more