China’s LeEco has lost the chief of its Uber-style ride-hailing operation Yidao after a stormy showdown between the heads of the two companies, in the latest blow to the cash-strapped media and technology group. The exit of Zhou Hang as Yidao chief was confirmed by the company on Tuesday after a fiery war of words between him and LeEco. The exit followed allegations from Mr Zhou late on Monday that LeEco had “misappropriated” Rmb1.3bn of Yidao’s funds to cover LeEco’s debts, leaving Yidao unable

Starting Wednesday, the helloPay payment platform on Southeast Asian e-commerce site Lazada will be rebranded in each country it operates as a version of Alipay. This comes as Alibaba-affiliate Ant Financial merges with helloPay Group, according to a joint statement from the two companies. Alipay is the payments service from Ant Financial, and it has over 450 million active users, according to the company. HelloPay, which was created in 2014 by Lazada to facilitate payments on its e-commerce pla

“They’re going to do what makes money” for the company and its third-partly developers, said Patrick Moorhead, an industry analyst with Moor Insights and Strategy who attended Zuckerberg’s speech. Rather than a treatise on how Zuckerberg and company can make the world a better place, “What we saw this morning was an all-out attack on Snapchat,” said Moorhead. So did other attendees, including the developers flocking to packed afternoon sessions at San Jose’s McEnery Convention Center. A Wall Str

Amazon Web Services has been winning business worldwide from companies that are stripping down their data centers and taking advantage of emerging cloud technologies. Amazon Chief Technology Officer Werner Vogels told CNBC on Tuesday that companies are turning to the cloud to make sure their data is backed up and always accessible. As Amazon expands its global network of data centers, transitioning to the cloud becomes an easier sell to big businesses. AWS has facilities in 16 regions around the

The TSA began testing facial recognition systems at Dulles Airport in 2015, then expanded the tests to New York’s JFK Airport last year. “Facial recognition is the path forward we’re working on,” Panetta said at the conference. Some form of Biometric Exit has been discussed for decades, but it’s only recently that facial recognition emerged as the method of choice. “Facial recognition is easy because everyone knows how to take a photo,” Panetta told the conference. Under the FBI, facial recognit

Investors should buy Apple shares because the market will soon start to recognize the value of the company’s services business, according to Credit Suisse, which reiterated its outperform rating on the tech giant. “We have updated our proprietary model and continue to believe that the market underestimates the gross profit contribution from services, but more importantly, that it underappreciates its growth potential and the annuity-type business it drives in terms of retention and replacement a

Investors should buy McDonald’s shares because its new technology and food initiatives will drive sales above expectations, according to Bernstein, which raised its rating on the restaurant chain to outperform from market perform. “More menu innovation and, over time, experience of the future [mobile and kiosk digital ordering] will prove beneficial, as it has in other markets,” Bernstein analyst Sara Senatore wrote in a note to clients Tuesday. “Elsewhere, strong performance in Japan and health

Alphabet has more than a dozen teams focused on health across its different companies, ranging from anti-aging initiatives to bioelectronics. Many of these efforts, including the contact lens, were brought under the umbrella of Verily, Alphabet’s primary life sciences arm. Other venture-backed health companies founded by former Google employees include Omada Health, Color Genomics, Forward, Cardiogram, Nuna, and Flatiron Health. That initiative, called Google Health, was shut down in 2011 after

But according to the first notes to clients Tuesday morning, analysts believes Netflix is being conservative, even with that better-than-expected forecast. Here’s why:The company also revealed Monday it is on the verge of surpassing 100 million subscribers globally, and it could reach that number as soon as this weekend. If that amazing milestone is true, then Netflix executives just tipped their hand that the subscriber guidance they gave for this quarter may be too low. If Netflix reaches 100

A new industry update report from Pacific Crest Securities’ analyst Andy Hargreaves suggests the new high-end Apple iPhone, often referred to as the iPhone 8, may not feature a fingerprint sensor. “Checks with suppliers suggest Apple is struggling with optical fingerprint functionality, which could lead to delays in supply of the coming OLED iPhone or elimination of fingerprint sensing in the OLED iPhone in favor of a biometric login that relies exclusively on 3D sensing,” Hargreaves said in his

However, the association is pitching Infield Chatter as a way to hone in on its specific audience. The association previously tried to launch a social network last year, but decided to go back to the drawing board and start again with Infield Chatter. “Other social media serve their purpose, and that’s fine,” Oakland A’s outfielder Rajai Davis said via email. Scott Booth, founder of the Honeycomb mobile platform powering Infield Chatter, explained the idea wasn’t to compete with the established

Google just released a brand new version of Google Earth. If you’ve used Google Earth before, chances are you buzzed around the planet for a couple of minutes, checking out some random places, and then closed out the app. Or maybe you used it to quickly show your child where Europe is. Now, though, Google Earth is chock full of new information. The revamped version is available for Chrome and Android.

On April 6, Ivanka Trump’s company won provisional approval from the Chinese government for three new trademarks, giving it monopoly rights to sell Ivanka brand jewelry, bags and spa services in the world’s second-largest economy. In addition to winning the approvals from China, Ivanka Trump Marks LLC applied for at least nine new trademarks in the Philippines, Puerto Rico, Canada and the U.S. after the election. The commercial currents of the Trump White House are unprecedented in modern Americ

It’s Frappuccino season and Starbucks is kicking things off with something magical. The coffee shop, which is known for its quirky blended drinks, will be releasing a bright pink and purple frappuccino that is both sweet and tangy starting April 19. The Unicorn Frappuccino is a blended creme beverage with a sweet pink powder and mango syrup layered with a sour blue drizzle. It’s topped off with vanilla whipped cream and a sprinkle of pink and sour blue powder. The beverage starts off purple in c

McDonald’s latest advertising campaign is missing one very important thing — the name of the restaurant. “I think it’s subtle and appears to be aimed at younger generations,” Darren Tristano, president of Technomic, told CNBC. “I think they also want to showcase the fact that McDonald’s is online… Very likely it won’t move the needle, but it does represent a classy shift to a more focused advertising model.” Deborah Wahl, chief marketing officer of McDonald’s, told the Times that the company d

You don’t only need to think like a millionaire — you need to act like one. Here are four ways to start acting like a millionaire, regardless of what’s in your bank account. Millionaires talk about ideas, not thingsIt’s not that cars, movies and other people aren’t interesting to wealthy individuals. While middle class people talk about cars and movies, millionaires own the car companies and produce the movies. “In a world where everything is changing fast, you would be wise to spend time thinki

According to the most recent data from the IRS, only 1 in 143 Americans faced an audit in 2015. Those making $5 million to $10 million faced a more than 1 in 10 chance. Super earners, or those making more than $10 million in 2015, faced by far the highest audit rates. Still, while audit rates for the wealthy are higher than they were a decade ago, they are way down from the previous year. Ever since Watergate, the president of the United States has been automatically audited by the IRS.

Trump made a version of this argument on the campaign trail, arguing that he would “hire the best people” for key roles in his administration. A weekend Trump tweet about North Korea, however, revealed exactly why this won’t work. Policy topics feature complicated linkages across subject areas that lead to inherent conflicts in the perspectives of different government agencies. But it’s not just North Korea where two issues are in conflict. And a traditional concern of law enforcement officials

Instead, Republicans carefully use terms like “universal access to health care” as a way of sounding like they’re endorsing a world where everyone has health insurance even when they’re not. Top Republicans, including Mitch McConnell, spent years arguing that the Affordable Care Act wasn’t covering enough people with sufficiently generous health insurance. In 2004, President George W. Bush made health care a centerpiece of his State of the Union, promising to “ensure that Americans can choose an

Looking at money raised in Georgia alone, Ossoff and Republican leading candidate Karen Handel are both in the $400,000 to $500,000 range. One thing that is different about this election is that President Trump himself has tweeted about it a few times. In that sense, it is true that an Ossoff win would embarrass Trump. And hardly anyone expects Ossoff to win the 50 percent or more needed to take the House seat in this election. Win or lose Tuesday — or in a subsequent run-off election — this Geo