Federal Reserve Slashes Interest Rates to Near Zero
The Fed’s moves reflect how dire the situation has become in financial markets, most of which is driven by confidence in the economy.
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Amazon Pitches Its Cashierless Tech to Walmart, Target
Neither retailer plans to use Amazon's technology, according to the report.
Google Says It Is Building a Nationwide Coronavirus Website After All
After remarks by President Trump sparked confusion, Google said it is working on a website about coronavirus testing.
Tech Companies Like Apple Face Challenges Working Remotely
Apple in particular is struggling with handling remote workers due to its big emphasis on secrecy.
Apple to Close Stores Outside Greater China for Nearly Two Weeks
The move undoubtedly will affect Apple's sales for the rest of the quarter, though its retail stores still represent a minority of overall revenue.
U.S. Investigating Chinese Telecom Giant ZTE for Bribery
The move comes after ZTE settled with the U.S. Justice Department in 2017 for doing business with North Korea and Iran.
Warren Buffett Steals a Facebook Board Member
Kenneth Chenault, the former CEO of American Express, will not stand for reelection to Facebook’s board. He's the fourth director departure in a year.
Bill Gates Leaving Microsoft, Berkshire Hathaway Boards
Microsoft co-founder and former CEO is freeing up more time to focus on projects aimed at combating the spread of coronavirus.
Facebook Product Exec Jumps to Shopify
Levesque joined Facebook three years ago to lead a “youth” product team. Now he'll now lead Shopify's international growth.
Netflix and Warners Shut Down Production
The Los Angeles economy and the broader TV industry will be affected, although at different times.
Airbnb Lets Customers Cancel Reservations in U.S.
Anyone with Airbnb reservations in the U.S. through April 1 will be able to cancel free of charge.
Slack’s Market Cap Dips Below $10 Billion
Slack was expected to benefit from more people working from home amid the coronavirus epidemic, but so far that hasn't happened.
Uber, Lyft Continue Selloff as Market Rises
The ride-hailing stocks have fallen twice as much as the broader market, an indication investors see their business as devastated by the coronavirus and its social distancing impact.
Grubhub Temporarily Suspends Restaurant Commissions
The moratorium is on the first $100 million in commissions
Xerox Halts HP Takeover Campaign for the Moment
Xerox said it was suspending shareholder meetings and presentations in light of the coronavirus. It's a sign of the widespread impact the virus is having on the business world.
Stocks Regain Most of Ground Lost on ‘Black Thursday’
The rise followed the worst day for U.S. stocks in 32 years.
U.S. Senators Propose Bill to Ban Federal Employees From Using TikTok
The proposed bill ratchets up pressure on China’s ByteDance and comes amid the company's own efforts to dismiss perception that its influenced by Beijing.
Apple Reopens China Stores After Nearly Six-Week Closure
Apple’s move indicates the worst might be over in China, where the number of new coronavirus infections has dramatically slowed.
SoftBank Announces Share Buyback Amid Stock Market Crash
Despite the buyback, SoftBank's share price fell sharply along with Japan's stock market, as coronavirus fears continued to fuel a sell-off.
Defense Department to Reconsider Amazon Cloud Contract
In a coup for Amazon, the Pentagon will reconsider the company's bid for a $10 billion cloud computing contract, which it had awarded to Microsoft.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy