Bitcoin hits new all-time high above $62,000 ahead of Coinbase debut

The Coinbase cryptocurrency exchange application seen on the screen of an iPhone. Getty Images Bitcoin surged to a fresh record high of more than $62,000 on Tuesday, as investors awaited the highly-anticipated stock market debut of cryptocurrency exchange Coinbase. The price of bitcoin climbed more than 4% in the last 24 hours to hit $62,718, … Read more

In a quest to rein in its tech giants, China turns to data protection

Chinese President Xi Jinping in Beijing on Jan. 22, 2021. Shen Hong | Xinhua News Agency | Getty Images GUANGZHOU, China — China is looking to tighten rules around how its citizens’ personal data is collected, as it moves to further rein in the power of technology giants like Alibaba and Tencent. A strong data … Read more

Amazon leads in early counting of union election in Alabama

Counting began on Thursday in the unionization vote for workers at Amazon’s warehouse in Bessemer, Alabama, culminating months of a hard fought effort to organize one of the e-commerce giant’s U.S. facilities for the first time. As of early Thursday evening, Amazon was winning the vote by approximately a 2-1 margin. There were still thousands … Read more

Amazon to open its first grocery stores on the East Coast

Inside Amazon’s first Amazon Fresh grocery store in Los Angeles. Amazon Amazon is opening its first grocery stores on the East Coast, the company confirmed Thursday, in the latest sign of its efforts to upend traditional supermarkets. The company plans to open two grocery stores. One will be located in Washington, D.C.’s Logan Circle neighborhood … Read more

Bitcoin exchange Kraken considers going public after record trading volumes in the first quarter

Jesse Powell, CEO of cryptocurrency exchange Kraken, sits for a photograph at the company’s San Francisco office in 2014. David Paul Morris | Bloomberg via Getty Images Cryptocurrency exchange Kraken is considering going public through a direct listing in 2022, after seeing record trading volumes and new clients amid a surge in the price of … Read more

Amazon union drive in Alabama sees 55% voter turnout

People protest in support of the unionizing efforts of the Alabama Amazon workers, in Los Angeles, California, March 22, 2021. Lucy Nicholson | Reuters More than 3,200 ballots were cast in a high stakes union election at one of Amazon’s Alabama warehouses, according to the Retail, Wholesale and Department Store Union. The election was open … Read more

Waymo CEO departure comes after tenure filled with milestones, hurdles and hype

After five and half years leading Waymo, John Krafcik announced Friday he is stepping down from his role, leaving the company to two co-CEOs Tekedra Mawakana and Dmitri Dolgov. Krafcik has overseen the company’s biggest milestones, its rebranding to Waymo, partnerships and raised outside funding all while leading enthusiasm through the ranks. But Krafcik’s departure … Read more

Here’s what it costs to work remotely in 4 global hotspots

Google may be calling people back into the office, but many other companies — not to mention entrepreneurs — are still committed to remote work. From Croatia to Barbados, destinations provide vastly different experiences for foreigners who wish to work from new shores. The weather is usually better (save hurricanes), and costs can be cheaper … Read more

Amazon’s aggressive PR campaign ahead of union vote shows how worried it is, labor and antitrust experts say

Amazon is playing an aggressive defense against its critics as it stares down a historic union vote at one of its warehouses in Alabama.  In recent days, Amazon has sparred with a handful of high-profile lawmakers on Twitter over its working conditions, tax policies and threats to break up Big Tech. The jabs came from … Read more

Amazon gets FDA authorization for at-home Covid-19 test

An Amazon worker inside a warehouse during coronavirus pandemic Amazon has received authorization from the Food and Drug Administration for a Covid-19 test that it hopes to use to bolster its employee screening program. The test is being developed by Amazon subsidiary STS Lab Holdco, according to an FDA filing. The test is done via … Read more