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US markets halt trading after global equities retreat, oil collapses, bond yields fall, and cryptos drop Mar 10, 2020

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Welcome to the bloodbath. This morning trading was halted on the major stock exchanges after the S&P 500 fell to 7% triggering what are one of the so-called circuit breakers to stop an absolute market rout. Within seconds of opening stocks fell sharply lower, with the Dow Jones Industrial Average down 872.42(or 3.37%) to 24,9992.36, the S&P 500 slipping 193.41 (6.51%) to 2,778.96, and the Nasdaq off 90.16 or 6.96% at 1,205.58 to start the day. By the time the S&P fell to 7%, trading was halted.

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John Oliver slams Disney’s Hotstar for censoring his show Mar 09, 2020

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John Oliver slammed Disney-owned Hotstar on Sunday for censoring his show, “Last Week Tonight With John Oliver” in India, saying the local streaming service has edited at least three episodes in recent months. A recent episode of “Last Week Tonight”, in which Oliver criticised the Indian government’s recent policies and its leader, Narendra Modi, never aired on Hotstar.[The same episode is available unedited on YouTube in India.

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Facebook bans face mask ads to fight coronavirus price gouging Mar 09, 2020

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On Friday, Facebook announced that it would further attempt to limit coronavirus-related chaos on its platform by banning commerce listings and advertisements for medical face masks. “We’re monitoring COVID19 closely and will make necessary updates to our policies if we see people trying to exploit this public health emergency,” Facebook Director of Product Management Rob Leathern said in an update on Twitter. “We’ll start rolling out this change in the days ahead.

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Stocks fell sharply today, bringing yet more unwelcome volatility to tech shares Mar 06, 2020

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Are you tired of TechCrunch reporting on the daily stock market gyrations? Well, we’re tired of writing about them. And yet here we are, because stonks yet again did wild things that we have to talk about. Markets are still skittish about the effect the rapidly spreading novel coronavirus, COVID-19, will have on the economy. And the U.S. is still figuring out exactly how many people in the country have been infected by the virus, and how aggressively it may need to respond. So far, the U.S.

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Bluecrew launches a mobile app to help businesses manage a flexible workforce Mar 06, 2020

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Bluecrew, a flexible staffing business owned by holding company IAC, is launching a new mobile app called Bluecrew Manager. Rather than relying on a network of independent contractors, Bluecrew hires its own W-2 employees, who in turn have the option to accept hourly jobs from Bluecrew customers.

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Hailo raises $60M Series B for its AI chips Mar 05, 2020

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Israeli AI chipmaker Hailo today announced that it has raised a $60 million Series B funding round led by its existing investors, who were joined by new strategic investor ABB Technology Ventures, the venture arm of the Swiss-based multination ABB, NEC Corporation and Londons’ Latitude Ventures. The new funding will help Hailo to roll out its Hailo-8 Deep Learning chip and to get into new markets and industries.

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Google Assistant on Android can now read entire web pages to you Mar 05, 2020

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Just a few weeks back at CES, Google gave a sneak peak of a feature that would let your Android devices read entire web pages aloud to you — perfect for when you don’t have a hand free to scroll but still need to catch up on some text, or for when you just don’t feel like looking at your screen anymore. You’d say “Hey Google, read this page”, and they’d spin up Google Assistant’s neural networks to generate a pretty dang spot-on reading of it.

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Stocks fall despite Fed intervention, dragging tech shares down once again Mar 04, 2020

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On a day that saw the U.S. Federal Reserve try to flip the only switch it can to light up investor confidence, investors remained unconvinced of the short-term financial prospects of the U.S. and global economies. All three major indices saw red on Tuesday after a sharp Monday rally partially erased their historically bad week that came before. The see-saw of domestic equities continued for yet another day.

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Apple agrees to settlement of up to $500 million from lawsuit alleging it throttled older phones Mar 04, 2020

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Apple agrees to settlement of up to $500 million from lawsuit alleging it throttled older phones Apple Inc. has agreed to pay a settlement of up to $500 million, following a lawsuit accusing the company of intentionally slowing down the performance of older phones to encourage customers to buy newer models or fresh batteries. The preliminary proposed class action lawsuit was disclosed Friday night and would see Apple pay consumers $25 per-phone, as reported by Reuters.

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Stocks partially reverse last week’s slide in early-morning trading Mar 03, 2020

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Both the Dow Jones Industrial Average and the Nasdaq have reversed course after a week of losses. The Dow was up 570.50 points to 25,979.86 and the Nasdaq was up 112.96 to 8680.33 near midday trading. The two major bellwethers of investor sentiment had a rough week last week as the spread of the novel coronavirus, COVID-19, and the response from governments that it engendered cut into supply chains and corporate earnings.

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