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The FCC says it needs more time to review the proposed Sprint-T-Mobile deal, the agency said in a letter to the companies Tuesday. According to CNBC, "The agency has paused an 'informal' 180-day transaction clock 'to allow for thorough staff and third-party review' of recently submitted materials." From the report: Sprint and T-Mobile have gone down a rocky road to a merger, calling off and resuming talks. The companies announced that they would merge last April in a bid to cut costs and combine forces to develop a next-generation network called 5G, which would provide faster speeds, more capacity and lower response times. But the companies could encounter hurdles to gaining regulatory approval for the tie-up. A deal between T-Mobile and Sprint, who are the third largest and fourth largest wireless carriers in the United States by subscribers, previously faced opposition from antitrust regulators under President Barack Obama's administration.

The Los Angeles Dodgers will try a high-tech giveaway for their September 21st game: "Digital Bobblehead Night." DevNull127 quotes the digital editor for the Los Angeles Dodgers: While supplies last at guest's point of entry, the first 40,000 ticketed fans in attendance will receive a card with a unique code and directions to a website where a digital bobblehead can be unlocked and added to their Ethereum wallet. The player Crypto token received will be randomly selected, with approximately an equal number of Kershaw, Turner and Jansen codes distributed at the stadium gates.

"We're excited for our first-ever Crypto giveaway, and to explore an entirely new marketplace with our fanbase," said Lon Rosen, Dodger Executive Vice President and Chief Marketing Officer. "We hope this piques the interest of Dodger fans, and will help launch a new age of digital collectibles and promotions."
That stadium already has another high-tech gimmick: Flippy the Burger-Flipping Robot, who reportedly was "called up to the Majors" to help feed hungry baseball fans by cooking up fried chicken tenders and tater tots.

Today, we have learned that two executives have left Tesla. According to a filing with the Securities and Exchange Commission, Tesla's newly hired chief accounting officer Dave Morton decided to resign because "the level of public attention placed on the company as well as the pace within the company have exceeded [his] expectations." He added: "I want to be clear that I believe strongly in Tesla, its mission, and its future prospects, and I have no disagreements with Tesla's leadership or financial reporting." Tesla's human resources chief Gaby Toledano also announced that should would be leaving the company after taking a leave of absence last month. CEO Elon Musk wrote that Toledo "has been on leave for a few months to spend more time with her family and has decided to continue doing so for personal reasons. She's been amazing and I'm very grateful for everything she's done for Tesla."

These departures certainly have had an impact on Tesla's stock, which is down more than six percent to $262, but an interview Elon Musk conducted with Joe Rogan may have caused the most damage. While discussing a wide range of topics including his tweeting behavior, his Boring Company's flamethrowers, and "neuralink" devices, the Tesla CEO openly smoked a mixed tobacco and marijuana cigarette, sending the internet into a frenzy. Ars Technica reports: Morton joined Tesla on August 6, one day before Musk's infamous tweet claiming that he had "funding secured" to take Tesla private. Musk was forced to abandon the plan a couple of weeks later. Not only did Musk not have any kind of written funding deal, many Tesla investors saw little upside in approving a deal that would reduce Tesla's transparency and the liquidity of Tesla stock. Morton didn't explicitly mention last month's buyout saga in his statement explaining his departure. But a lot of the "public attention" Tesla received during Morton's brief tenure was focused on the possibility of Tesla going private. It's safe to assume that members of Tesla's finance team were working overtime on issues related to the proposal during Morton's month at Tesla. It's worth noting that marijuana is legal in California (and several other states) if you are 21 or older, but the federal government still strictly prohibits the Schedule 1 substance.

UPDATE: You can watch/listen to the nearly three-hour-long interview here. Rogan manages to pick Musk's brain in great detail and in a refreshingly laid-back manner. We highly recommend a listen if you want to learn more about Musk's ambitions and thought process.

Today, we have learned that two executives have left Tesla. According to a filing with the Securities and Exchange Commission, Tesla's newly hired chief accounting officer Dave Morton decided to resign because "the level of public attention placed on the company as well as the pace within the company have exceeded [his] expectations." He added: "I want to be clear that I believe strongly in Tesla, its mission, and its future prospects, and I have no disagreements with Tesla's leadership or financial reporting." Tesla's human resources chief Gaby Toledano also announced that should would be leaving the company after taking a leave of absence last month. CEO Elon Musk wrote that Toledo "has been on leave for a few months to spend more time with her family and has decided to continue doing so for personal reasons. She's been amazing and I'm very grateful for everything she's done for Tesla."

These departures certainly have had an impact on Tesla's stock, which is down more than six percent to $262, but an interview Elon Musk conducted with Joe Rogan may have caused the most damage. While discussing a wide range of topics including his tweeting behavior, his Boring Company's flamethrowers, and "neuralink" devices, the Tesla CEO openly smoked a mixed tobacco and marijuana cigarette, sending the internet into a frenzy. Ars Technica reports: Morton joined Tesla on August 6, one day before Musk's infamous tweet claiming that he had "funding secured" to take Tesla private. Musk was forced to abandon the plan a couple of weeks later. Not only did Musk not have any kind of written funding deal, many Tesla investors saw little upside in approving a deal that would reduce Tesla's transparency and the liquidity of Tesla stock. Morton didn't explicitly mention last month's buyout saga in his statement explaining his departure. But a lot of the "public attention" Tesla received during Morton's brief tenure was focused on the possibility of Tesla going private. It's safe to assume that members of Tesla's finance team were working overtime on issues related to the proposal during Morton's month at Tesla. It's worth noting that marijuana is legal in California (and several other states) if you are 21 or older, but the federal government still strictly prohibits the Schedule 1 substance.

UPDATE: You can watch/listen to the nearly three-hour-long interview here. Rogan manages to pick Musk's brain in great detail and in a refreshingly laid-back manner. We highly recommend a listen if you want to learn more about Musk's ambitions and thought process.

U.S. President Donald Trump warned on Friday that he was ready to slap tariffs on virtually all Chinese imports into the United States, threatening duties on another $267 billion in Chinese goods on top of $200 billion in imports now primed for levies in coming days. Reuters: The moves would sharply escalate Trump's trade war with Beijing over his demands for major changes in economic, trade and technology policy. China has threatened retaliation, which could include action against U.S. companies operating there. Hours after a public comment period closed on his $200 billion China tariff list, Trump told reporters aboard Air Force One that he was "being strong on China because I have to be."

"The $200 billion we are talking about could take place very soon depending on what happens with them. To a certain extent its going to be up to China," Trump said. "And I hate to say this, but behind that is another $267 billion ready to go on short notice if I want. That totally changes the equation." [...] The $200 billion list, which includes some consumer products such as cameras and recording devices, luggage, handbags, tires and vacuum cleaners, would be subject to tariffs of 10 percent to 25 percent. Cell phones, the biggest U.S. import from China, have so far been spared, but would be engulfed if Trump activates the $267 billion tariff list. Further reading: Apple says Trump's China tariffs are going to hurt the company.

An anonymous reader quotes a report from CNBC: As our global economy increasingly comes to run on technology-enabled rails and every company becomes a tech company, demand for high-quality software engineers is at an all-time high. A recent study from Stripe and Harris Poll found that 61 percent of C-suite executives believe access to developer talent is a threat to the success of their business. Perhaps more surprisingly -- as we mark a decade after the financial crisis -- this threat was even ranked above capital constraints. And yet, despite being many corporations' most precious resource, developer talents are all too often squandered. Collectively, companies today lose upward of $300 billion a year paying down "technical debt," as developers pour time into maintaining legacy systems or dealing with the ramifications of bad software. This is especially worrisome, given the outsized impact developers have on companies' chances of success. Software developers don't have a monopoly on good ideas, but their skill set makes them a uniquely deep source of innovation, productivity and new economic connections. When deployed correctly, developers can be economic multipliers -- coefficients that dramatically ratchet up the output of the teams and companies of which they're a part.

Samsung will unveil details of a foldable smartphone later this year, the CEO of its mobile division told CNBC, amid rumors that such a device was in the works. From the report: DJ Koh said that "it's time to deliver" on a foldable device after consumer surveys carried out by Samsung showed that there is a market for that kind of handset. Speaking to CNBC, Koh was tight-lipped on how the folding screen could work but ran through the design thinking of the upcoming smartphone, particularly how Samsung is trying to differentiate the experience from a tablet once it is unfolded. "You can use most of the uses ... on foldable status. But when you need to browse or see something, then you may need to unfold it. But even unfolded, what kind of benefit does that give compared to the tablet? If the unfolded experience is the same as the tablet, why would they (consumers) buy it?," Koh said at the IFA electronics show in Berlin last week. Further reading: Samsung Plans To Overhaul Its Smartphone Strategy at the Mid-range Price Point.

Samsung Electronics plans to overhaul its smartphone strategy at the mid-range price point in order to appeal more to millennials, the company's mobile CEO has told CNBC. From the report: DJ Koh said the South Korean giant is changing its smartphone strategy for its mid-priced Galaxy A series of smartphones amid a slowdown in the handset market. Instead of introducing new technology into the flagship Galaxy S and Note series of devices, Koh said Samsung will look to bring in cutting-edge features to its cheaper models first. The first of these devices will come later this year. "In the past, I brought the new technology and differentiation to the flagship model and then moved to the mid-end. But I have changed my strategy from this year to bring technology and differentiation points starting from the mid-end," Koh told CNBC in an exclusive interview last week. The move comes amid a global smartphone slowdown with Samsung feeling a bit of the pressure. Sales in its mobile division fell 20 percent year-on-year in the second quarter of 2018 with the company attributing it to lower-than-expected sales of its high-end Galaxy S9 device.

The IRS recently ruled that under some circumstances employers can link their 401(k) matching contributions to the amount of an employee's student loan repayments -- making it easier for recent graduates to take advantage of this employer benefit. But that's one spot of good news in a sea of bad, according to one anonymous Slashdot reader: Two new articles criticize America's student loan policies (under both the Obama and Trump administrations). CNBC cites reports that within six years, more than 15% of student borrowers had officially defaulted, while 10% more had stopped making payments and another 4.8% were at least 90 days late. And for-profit colleges fared even worse, where nearly 25% of graduates defaulted, and a total of 44% faced "some form of loan distress."

These trends were masked by Department of Education reports which stopped tracking repayment rates after just three years (reporting defaults rates of just 10%), according to Ben Miller, senior director for post-secondary education at the left-leaning Center for American Progress. "Official statistics present a relatively rosy picture of student debt. But looking at outcomes over more time and in greater detail shows that hundreds of thousands more borrowers from each cohort face troubles repaying."

Following a string of murders by drivers of China's top ridesharing app, Didi Chuxing, users are deleting the app in large numbers and calling for others to boycott the service. According to The Atlantic, "the hashtag #BoycottDidi on Weibo has garnered more than 1 million views." From the report: Over the weekend, the driver confessed to local police to raping and stabbing his 20-year-old passenger on her way to a friend's birthday party. The murder is the second in three months -- this May, a young flight attendant was killed by her Didi driver. It is the third in a year -- last May, according to Caixin Global, another woman was strangled and killed by her driver. And it is the fourth in two years -- the year before that, a female teacher was robbed and killed after threats from her driver.

"As a platform, we have disappointed the public's trust in us and cannot shirk this responsibility," Didi said in a statement, admitting to failing to react quickly to another passenger's complaint filed against the driver the day before the murder. The rideshare company has suspended its Hitch services (as it did after the last murder) and fired two senior executives, one in charge of Hitch, its intercity carpooling service, and the other in charge of customer service. The Didi president, Jean Liu, oft-regarded as a hero for Chinese women in business, issued an apology on Tuesday. China's government is now cracking down on reform across the transportation sector.

More than a dozen people who work near Waymo's office in Chandler, Arizona, have complained about the self-driving cars to The Information. "One women said that she almost hit one of the company's minivans because it suddenly stopped while trying to make a right turn, while another man said that he gets so frustrated waiting for the cars to cross the intersection that he has illegally driven around them," reports CNBC. From the report: The anecdotes highlight how challenging it can be for self-driving cars, which are programmed to drive conservatively, to master situations that human drivers can handle with relative ease -- like merging or finding a gap in traffic to make a turn. Waymo has been testing its vehicles in the Phoenix suburbs for little more than a year and is widely seen as the furthest along in the self-driving car space, but its safety drivers have to take control of the vehicles regularly, people with direct knowledge of the issues tell The Information.

A Waymo spokesperson said its cars are "continually learning" and that "safety remains its highest priority" during testing. The spokesperson also said that Waymo is using feedback from its early rider program to improve its technology, though it declined to comment specifically on the intersection complaints mentioned in The Information story. The company has previously said that it plans to launch a commercial self-driving taxi service before the end of the year, but that its service will still include a Waymo employee in each car as a "chaperone."

Google has rolled out a series of search tools to help military veterans find better jobs after returning to civilian life, the company said in a blog post. From a report: Former members of the military can now search "jobs for veterans," enter the military branch they served in and see results for job openings that match their skills. Google will also allow businesses to identify as "veteran-owned" or "veteran-led" in Google Maps and mobile search results. "We hope to use our technology to help veterans understand the full range of opportunities open to them across many different fields. Right now those opportunities are getting lost in translation," Matthew Hudson, a program manager for Google Cloud and an Air Force veteran, said in Monday's blog post.

According to CNBC, citing current and former Tesla employees and LinkedIn, Apple has hired scores of employees from Tesla since late 2017, including manufacturing, security and software engineers, as well as supply chain experts. The report mentions that they're hiring Tesla employees not just for the company's Project Titan self-driving car project, but for its other products too. From the report: In 2018 so far, LinkedIn data shows Apple has hired at least 46 people who worked at Tesla directly before joining the consumer electronics juggernaut. Eight of these were engineering interns. This year Apple has also hired former Tesla Autopilot, QA, Powertrain, mechanical design and firmware engineers, and several global supply chain managers. Some employees joined directly from Tesla, while others had been dismissed or laid off before joining Apple. Some ex-Tesla employees who joined Apple this year have not yet updated their public social media profiles with their new career info. That includes Apple's most noteworthy hire, Doug Field, Tesla's former Senior Vice President of Engineering. Tesla disputes CNBC's report, saying that voluntary attrition has decreased by one-third over the last twelve months, and that it has recently added talent from Apple and other companies. Regarding competition with Apple for talent, a Tesla spokesperson said, "We wish them well. Tesla is the hard path. We have 100 times less money than Apple, so of course they can afford to pay more. We are in extremely difficult battles against entrenched auto companies that make 100 times more cars than we did last year, so of course this is very hard work."

Apple has removed Facebook's Onavo security app from the App Store because it violated the company's privacy rules. In a statement to CNBC, an Apple spokesperson said: "We work hard to protect user privacy and data security throughout the Apple ecosystem. With the latest update to our guidelines, we made it explicitly clear that apps should not collect information about which other apps are installed on a user's device for the purposes of analytics or advertising/marketing and must make it clear what user data will be collected and how it will be used." From the report: According to a Wall Street Journal story on Wednesday, citing a person familiar with the matter, Apple officials told Facebook last week that Onavo violated the company's rules on data collection by developers, and suggested last Thursday that Facebook voluntarily remove the app. Facebook acquired Israel-based Onavo in 2013, snapping up the free security app that lets users access a virtual private network, or VPN, to browse the web and download apps with a greater degree of privacy. Facebook in the past has offered that service to users without clearly disclosing that its owns the app, and has collected data about what other types of apps those customers use. In June, Facebook told Congress that it does not use Onavo data "for Facebook product uses" or to collect information about individuals, but it has admitted to using Onavo to gather broad information about which apps are popular and how people are using them, which it uses to improve its own products.

The economy continues to be a friendly place for job seekers today, and not just for the ultra-educated -- economists are predicting ever-improving prospects for workers without a degree as well. From a report: Recently, job-search site Glassdoor compiled a list of 15 top employers that have said they no longer require applicants to have a college degree. Companies like Google, Apple, IBM and EY are all in this group. In 2017, IBM's vice president of talent Joanna Daley told CNBC Make It that about 15 percent of her company's U.S. hires don't have a four-year degree. She said that instead of looking exclusively at candidates who went to college, IBM now looks at candidates who have hands-on experience via a coding boot camp or an industry-related vocational class.

Apple has pulled more than 25,000 illegal apps from its App Store in China after coming under fire from state media for not doing enough to filter out banned material. From a report: "Gambling apps are illegal and not allowed on the App Store in China," Apple said in a statement Monday. "We have already removed many apps and developers for trying to distribute illegal gambling apps on our App Store, and we are vigilant in our efforts to find these and stop them from being on the App Store." The removals were reported earlier by Chinese state broadcaster CCTV on Sunday, which said 25,000 apps were pulled. Apple didn't confirm that number. It offers more than 1.8 million apps in China, according to the Ministry of Industry and Information Technology. Removing 25,000 apps would amount to about 1.4% of that total.

An anonymous reader quotes Fortune: Investors betting that Tesla stock will lose value -- so-called "shorts" -- have made $1.2 billion since CEO Elon Musk first tweeted about taking the company private. Much of that gain came on Friday, after the New York Times published a revealing, emotional interview with Musk that drove Tesla stock down nearly 9%. The tally comes from a report released Friday by stock analytics firm S3 Partners. The Friday collapse helped reverse a price spike after Musk's August 7 Tweet saying he was "considering taking Tesla private at $420," about 18% higher than the stock's market value at the time.

According to S3, the subsequent surge in Tesla stock cost short positions $1.3 billion. But soon after, it became clear that Musk had exaggerated the certainty of his funding, and the SEC began a probe of his statements, driving the stock back down. On Friday, the Times interview with Musk detailed his 120-hour work weeks, lack of social life, and reliance on Ambien to sleep. That sent the stock down 9% in one day, for a total drop of 19% over 10 days. That gave $2.5 billion back to the shorts, for a net gain of $1.2 billion since Musk's going-private tweet.
Tesla remains the most-shorted stock on the American stock exchanges, and the researchers note that only 4% of shorts have actually cashed in these on-paper gains.

On Monday, SpaceX let reporters take a look inside its Crew Dragon capsule for the first time, as well as hear from the four astronauts: Bob Behnken, Doug Hurley, Victor Glover and Mike Hopkins. Ars Technica writes about several pieces of hardware observed at the event in Hawthorne, California: During the event at SpaceX, engineers guided reporters through various displays. Outside, under a resplendent blue sky with the rolling hills of Palos Verdes in the distance, media was invited to crawl into a low-fidelity mockup of the crew Dragon spacecraft. This was a roomy vehicle, especially in comparison to NASA's current ride to the space station, a cramped Soyuz with a capacity of three. The Dragon will comfortably carry a normal complement of four for NASA, but seven seats can fit inside. On the second floor of its main factory, where astronauts have trained in recent years, SpaceX also showed off two simulators publicly for the first time. This marked the first time SpaceX has revealed details about the controls and the interior of its crewed spacecraft. The cockpit simulator demonstrated the controls that Dragon astronauts will have at their command. In comparison to the space shuttle and its more than 1,000 buttons, switches, and controls, the Dragon capsule has a modest array of three flat screens and two rows of buttons below.

These touch screens selectively display the necessary controls during flight and are the primary interface astronauts have with the vehicle. Below are two rows of manual buttons, 38 in total, that provide back-up control of the spacecraft. Many of the buttons are situated beneath clear panels, intended to never be used, because they are often the third option after the touch screens and ground control of the Dragon. One control stood out -- a large black and red handle in the middle of the console with "EJECT" printed in clear white letters above it. This initiates the launch escape system, which rapidly pulls the spacecraft away from the rocket in the case of an emergency during the ascent into space. It must be pulled, then twisted. Normally the flight computers would initiate such a maneuver, but the prominence of the escape system handle underlines its importance. Notably, after the vehicle reaches orbit, this control becomes "deadened," such that accidentally pulling it in space would do nothing. CNBC has included several pictures of the Crew Dragon capsule mock-up in their report. CNN also has a first look video with text and quotes from the astronauts.

gollum123 writes: According to a new poll from Gallup, young Americans are souring on capitalism. Less than half, 45 percent, view capitalism positively. "This represents a 12-point decline in young adults' positive views of capitalism in just the past two years and a marked shift since 2010, when 68 percent viewed it positively," notes Gallup, which defines young Americans as those aged 18 to 29. Meanwhile, 51 percent of young people are positive about socialism. This age group's "views of socialism have fluctuated somewhat from year to year," reports Gallup, "but the 51 percent with a positive view today is the same as in 2010."

The World Bank has mandated Commonwealth Bank of Australia to arrange the world's first blockchain bond. From a report: The Kangaroo bond, referring to foreign bonds issued in Australia in the local currency, has been named bond-i, an acronym standing for Blockchain Offered New Debt Instrument. (It's also a reference to Bondi Beach, an iconic spot in Sydney.) According to the institution, the bond will be the first in the world to be created, allocated, transferred and managed with blockchain technology. That tech, which underpins cryptocurrencies like bitcoin, refers to the distributed ledger technology that securely records all transactions made on the chain. "Blockchain has the potential to streamline processes among numerous debt capital market intermediaries and agents. This can help simplify raising capital and trading securities; improve operational efficiencies; and enhance regulatory oversight," a joint release from the two organizations said.

According to a new study from market research firm SimilarWeb, Facebook may cede its runner-up position to YouTube in the next two to three months. Currently, the top five most-visited websites in the U.S. are Google, Facebook, YouTube, Yahoo and Amazon, in that order. However, Facebook's monthly page visits are declining rapidly, from 8.5 billion to 4.7 billion in the last two years, which could shake up that order. CNBC reports: YouTube, which is owned by Google parent Alphabet, has seen increased traffic, the study said. The app has also experienced in increase in viewership. Yahoo is also poised to lose its position in the ranking. Amazon has already surpassed Yahoo during big spending months, including December 2017 and July 2018, when the e-commerce giant held its annual Prime Day. The study projects that Amazon will take over Yahoo's ranking in the next two to three months. However, none of the bottom four of the top five comes close to Google. Although it has seen some decline in website traffic thanks to app use and voice search, it saw approximately 15 billion visits in July 2018, the study said. The others were all below 5 billion, according to the report.

New York City Council passed regulations on ride-hail companies on Wednesday, capping the number of vehicles on the road for one year and requiring that drivers to be paid a minimum wage. From a report: Council Speaker Corey Johnson said earlier that the regulations are intended to protect drivers, fairly regulate the industry and reduce congestion. The year-long cap on new licenses for ride-hailing vehicles will take place while the Taxi and Limousine Commission (TLC) studies the effects of ride-hail service in the city. The cap would not apply to new wheelchair-accessible vehicles or new vehicles serving an area demonstrating need in a way that does not increase congestion. App-based ride services account for 80,000 vehicles in New York City, and provide 17 million rides per month, according to a study by The New School for the TLC. The surge in ridership coincided with increased resident frustration with the local subway system. With the move on Wednesday, New York City, the largest American market for Uber, has become the first major American city to restrict the number of ride-hail vehicles and to establish pay rules for drivers. In a statement issued moments ago, New York Mayor Bill de Blasio said," Our city is directly confronting a crisis that is driving working New Yorkers into poverty and our streets into gridlock. The unchecked growth of app-based for-hire vehicle companies has demanded action -- and now we have it."

Facebook wants your financial data. The social media giant has asked large U.S. banks to share detailed financial information about their customers, including card transactions and checking account balances, as part of an effort to offer new services to users, The Wall Street Journal reported Monday. From the report: Facebook increasingly wants to be a platform where people buy and sell goods and services, besides connecting with friends. The company over the past year asked JPMorgan Chase, Wells Fargo & Co., Citigroup and U.S. Bancorp USB to discuss potential offerings it could host for bank customers on Facebook Messenger, said people familiar with the matter. Facebook has talked about a feature that would show its users their checking-account balances, the people said. It has also pitched fraud alerts, some of the people said. Data privacy is a sticking point in the banks' conversations with Facebook, according to people familiar with the matter. The talks are taking place as Facebook faces several investigations over its ties to political analytics firm Cambridge Analytica, which accessed data on as many 87 million Facebook users without their consent. Update: Shares of Facebook surged nearly 3% following the report. A paywall free, alternative source of this story.
Update 2 (18:10 GMT): Talking to TechCrunch, Facebook has, in part, denied WSJ's report. TechCrunch: Facebook spokesperson Elisabeth Diana tells TechCrunch it's not asking for credit card transaction data from banks and it's not interested in building a dedicated banking feature where you could interact with your accounts. It also says its work with banks isn't to gather data to power ad targeting, or even personalize content such as what Marketplace products you see based on what you buy elsewhere.

Earlier this week, Nestle said it was jumping on the blockchain bandwagon, today, Starbucks said it is ready to top that. From a report: The Seattle-based coffee giant is working with Microsoft and a leading global exchange on a new digital platform that will allow consumers to use bitcoin and other cryptocurrencies at Starbucks. Starbucks along with Intercontinental Exchange, Microsoft and BCG, among others, is working to launch a new company called Bakkt that will enable consumers and institutions to buy, sell, store and spend cryptocurrencies on the global network by November. The platform with convert bitcoin and other cryptocoins into U.S. dollars that can be used to buy a Cold Foam Cascara Cold Brew, Matcha Lemonade or anything else at Starbucks. Starbucks has consistently been at the forefront of embracing new technologies. For instance, it added support for mobile payments in 2011. In May, it was estimated that Starbucks' mobile payment solution is more popular than those of Apple and Google.

In a statement, Maria Smith, vice president of partnerships and payments for Starbucks, "As the flagship retailer, Starbucks will play a pivotal role in developing practical, trusted and regulated applications for consumers to convert their digital assets into US dollars for use at Starbucks. As a leader in Mobile Pay to our more than 15 million Starbucks Rewards members, Starbucks is committed to innovation for expanding payment options for our customers."

According to Starbucks spokespeople, Motherboard reports, Starbucks doesn't want bitcoins, but it's willing to help people spend them -- the venture is an exchange that will allow people to convert their cryptocurrency into US dollars, which they can then spend at Starbucks locations.

Amazon plans to be completely off Oracle's proprietary database software by the first quarter of 2020, reports CNBC. The plans come after the company moved most of its infrastructure internally to Amazon Web Services. From the report: Amazon began moving off Oracle about four or five years ago, said one of the people, who asked not to be named because the project is confidential. Some parts of Amazon's core shopping business still rely on Oracle, the person said, and the full migration should wrap up in about 14 to 20 months. Another person said that Amazon had been considering a departure from Oracle for years before the transition began but decided at the time that it would require too much engineering work with perhaps too little payoff. The primary issue Amazon has faced on Oracle is the inability for the database technology to scale to meet Amazon's performance needs, a person familiar with the matter said. Another person, who said the move could be completed by mid-2019, added that there hasn't been any development of new technology relying on Oracle databases for quite a while.

Apple reported strong third-quarter results Tuesday, posting big beats on earnings per share and average iPhone selling price. CNBC highlights how Apple did compared with Wall Street projections: EPS: $2.34 vs. $2.18, according to Thomson Reuters consensus estimates
Revenue: $53.3 billion vs. $52.34 billion, according to Thomson Reuters consensus estimates
iPhone sales: 41.3 million vs. 41.79 million, according to StreetAccount Apple reportedly sold 41.3 million iPhones in the last quarter and 11.55 million iPads, both beating estimates. The average selling price of iPhones last quarter was $724, versus the expected $693.59. Apple also sold 3.7 million Mac computers.

Apple's services revenue accounted for just 15 percent of Apple's total revenue for the second quarter, but CNBC notes that it's "been outpacing iPhone revenue growth for several quarters." The company hopes to double services revenue to more than $14 billion a quarter by 2020. Looking forward, all eyes will be on the next iPhone. Apple is expected to launch new iPhone models at the end of the quarter, in mid-September.

gollum123 writes: Tech workers are the envy of labor market -- they earn some of the highest starting salaries and often command top-notch benefits. But money doesn't always buy satisfaction. Entrepreneur reports that tech workers in major American cities earn an average of $135,000 and yet, a survey of 6,000 tech workers conducted by workplace app Blind and reported by Quartz found that over 60 percent feel they aren't being paid enough. The survey also breaks down how tech workers feel about their pay by company. The five tech companies with the highest percentage of employees who felt they were underpaid shared one important characteristic: They were all founded before 1998. Cisco, Intel, Expedia, VMware and Microsoft employees were the most likely to say that they did not make enough money. Cisco had the highest percentage of dissatisfied employees, with 80 percent telling Blind that they did not feel adequately compensated. Facebook employees, on the other hand, were the most like to say that they are overpaid, with 13.8 percent saying that they felt their employer was overly generous.

"Facebook executives said on Wednesday its profit margins would plummet for several years due to the cost of improving privacy safeguards and slowing usage in its top advertising markets," reports Reuters, adding that the news "wiped over $120 billion off the company's share price." One millennial options trader lost $180,000 overnight.

And meanwhile CNBC reports that Facebook insiders "sold more stock than usual in the second quarter," the vast majority sold by Mark Zuckerberg, leaving some experts with mixed opinions. To be clear, insiders sold in compliance with what's known as Securities and Exchange Commission Rule 10b5-1, a preapproved selling mechanism that is completely legal. And there is no evidence to suggest they were acting on inside information about the disastrous quarter that sent Facebook's stock down nearly 20 percent Thursday. However, their timing happened to be pretty good....

"You have something that's an outlier here," said James Cox, professor at Duke University School of Law. "It happened to be a very bad quarter that they had -- it doesn't wear well."
Friday Facebook and Mark Zuckerberg were sued "in what could be the first of many lawsuits over a disappointing earnings announcement by the social media company that wiped out about $120 billion of shareholder wealth." The complaint filed by shareholder James Kacouris in Manhattan federal court accused Facebook, Zuckerberg and Chief Financial Officer David Wehner of making misleading statements about or failing to disclose slowing revenue growth, falling operating margins, and declines in active users.

Kacouris said the marketplace was "shocked" when "the truth" began to emerge on Wednesday from the Menlo Park, California-based company. He said the 19 percent plunge in Facebook shares the next day stemmed from federal securities law violations by the defendants. The lawsuit seeks class-action status and unspecified damages. A Facebook spokeswoman declined to comment.

hackingbear writes: Qualcomm officially terminated the deal to buy Dutch semiconductor giant NXP after failing to get a decision from regulators in China by its deadline. It must now shell out a previously agreed upon $2 billion termination fee. The Chinese market accounts for 30% of Qualcomm's revenue. China's refusal of the approval can also be a retaliation against an $1.4 billion penalty against ZTE imposed by the U.S. Department of Commerce over technicalities of ZTE's violation of Iran sanctions, a move viewed by China as a U.S. excuse to launch a trade war. "It's a reminder that trade wars are maybe not that easy to win," says Steven Roach of Morgan Stanley. "And China has a lot of ammunition up its sleeve." Roach urged the Trump administration to understand that the U.S. and China "need each other," saying low-price Chinese imports are needed to "make ends meet" for cash-strapped Americans. Separately, in a hearing at the Office of United States Trade Representative for imposing additional tariffs on Chinese imports due to the alleged intellectual property theft by China, an accusation that the U.S. itself had committed, out of some 61 figures from the country's chemical, electronics, and solar energy sectors, only six expressed their support for the move.

hackingbear writes from a report via CNBC: After dragging their feet for months and requesting help from the Trump administration, all three major U.S. airlines -- American, Delta and United -- decided to change how they refer to Taiwan airports on their websites to avoid Chinese penalties right before the Wednesday deadline. Earlier this year, China demanded that foreign firms, and airlines in particular, not refer to Taiwan as a non-Chinese territory on their websites, as such practice violates Chinese laws. The White House in May slammed the demand as "Orwellian nonsense." Numerous non-U.S. airlines including Air Canada, Lufthansa, and British Airways had already made changes to their websites. The airlines "now only list Taipei's airport code and city, but not the name Taiwan," reports CNBC. It was unclear how China might punish airlines that don't comply, but it did add a clause saying regulators could change a company's permit if it did not meet "the demand of public interest." An American Airlines spokeswoman said in a statement: "Air travel is global business, and we abide by the rules in countries where we operate."

Zorro shares a report from CNBC: Facebook missed projections on revenue and global daily active users this quarter after struggling with data leaks and fake news scandals. The company reported its second-quarter earnings after the bell on Wednesday. Shares were down as much as 10 percent. CNBC summarizes the results:

Earnings per share: $1.74 vs. $1.72 per a Thomson Reuters consensus estimate
Revenue: $13.23 billion vs. $13.36 billion per a Thomson Reuters consensus estimate
Global daily active users (DAUs): 1.47 billion vs. 1.49 billion, according to a StreetAccount and FactSet estimate
North American DAUs: 185 million vs. 185.4 million, according to a FactSet estimate
European DAUs: 279 million vs. 279.4 million, according to a FactSet estimate
Average revenue per user (ARPU): $5.97 vs. $5.95, according to a StreetAccount and FactSet estimate

The FDA has approved the key ingredient used in the vegetarian-friendly Impossible Burger. "The ingredient, soy leghemoglobin, releases a protein called heme that gives the meat substitute its distinctive blood-like color and taste," reports CNBC. The burger comes from a company aptly named Impossible Foods, which started raising millions of dollars in 2015 to pursue a plant-based burger that truly tastes like meat. From the report: In a letter to Impossible Foods released Monday, the FDA deemed soy leghemoglobin GRAS, or generally recognized as safe, in its most recent review. "Getting a no-questions letter goes above and beyond our strict compliance to all federal food-safety regulations," Impossible Foods founder and CEO Patrick O. Brown said in a statement. "We have prioritized safety and transparency from day one, and they will always be core elements of our company culture."

The European Commission imposed a fine of 111 million euros ($130 million) on four consumer electronic firms Tuesday, for fixing prices on their resold items. From a report: Asus, Denon & Marantz, Philips and Pioneer all limited the ability of online retailers to price items as they saw fit. The four manufacturers apparently threatened or sanctioned the online retailers who wouldn't comply with their price suggestions. "These well-known manufacturers of consumer electronics, they put pressure on online retailers to maintain higher prices. They did so during a period from 2011 and 2015," Margrethe Vestager, the European competition commissioner, said in a press conference Tuesday. "As a result of the actions taken by these four companies, millions of European consumers faced higher prices for kitchen appliances, hair dryers, notebook computers, headphones and many other products," Vestager said, adding that this behavior is "illegal under EU antitrust rules."

Amazon's Prime Day shopping event last week was riddled with glitches. Roughly 15 minutes into the sale, the landing page stopped working. Some users saw an error page featuring the "dogs of Amazon" and were never able to enter the site; others got caught in a loop of pages urging them to "Shop all deals." According to internal documents obtained by CNBC, it appears that Amazon failed to secure enough servers to handle the traffic surge, causing it to launch a scaled-down backup front page and temporarily kill off all international traffic. From the report: The e-commerce giant also had to add servers manually to meet the traffic demand, indicating its auto-scaling feature may have failed to work properly leading up to the crash, according to external experts who reviewed the documents. "Currently out of capacity for scaling," one of the updates said about the status of Amazon's servers, roughly an hour after Prime Day's launch. "Looking at scavenging hardware." A breakdown in an internal system called Sable, which Amazon uses to provide computation and storage services to its retail and digital businesses, caused a series of glitches across other services that depend on it, including Prime, authentication and video playback, the documents show.

Amazon chose not to shut off its site. Instead, it manually added servers so it could improve the site performance gradually, according to the documents. One person wrote in a status update that he was adding 50 to 150 "hosts," or virtual servers, because of the extra traffic. Caesar says the root cause of the problem may have to do with a failure in Amazon's auto-scaling feature, which automatically detects traffic fluctuations and adjusts server capacity accordingly. The fact that Amazon cut off international traffic first, rather than increase the number of servers immediately, and added server power manually instead of automatically, is an indication of a breakdown in auto-scaling, a critical component when dealing with unexpected traffic spikes, he said.

Rolls-Royce announced today that it is teaming up with robotics experts at Harvard University and University of Nottingham to develop tiny "cockroach" robots that can crawl inside aircraft engines to spot and fix problems. These robots will be able to speed up inspections and eliminate the need to remove an engine from an aircraft for repair work to take place. CNBC reports: Sebastian de Rivaz, a research fellow at Harvard Institute, said the inspiration for their design came from the cockroach and that the robotic bugs had been in development for eight years. He added that the next step was to mount cameras on the robots and scale them down to a 15-milimeter size. De Rivaz said that once the robots had performed their duty they could be programed to leave the engine or could simply be "flushed out" by the engine itself.

Also under development are "snake" robots that are flexible enough to travel through an engine like an endoscope. These would enter through a combustion chamber and would inspect damage and remove any debris. The second "snake" would deposit a patch repair that would sit temporarily until the engine was ready for full repair. No schedule is placed on when the crawling robots will be available. You can view animations of each robot type here.

It's not just you. Amazon Prime Day started 15 minutes ago, and so far, it's not going well for Amazon. From a report: The landing page for Prime Day does not work. When most links are clicked, readers are sent to an error page or to a landing page that sends readers back to the main landing page. Direct links to the product pages, either from outside links or the single product placement on the landing page, seem to work fine. This is a huge blow to Amazon and its faux holiday Prime Day. The retailer has been pushing this event for weeks and there are some great deals to be had. It's not a good look for the world's largest retailer. Both the desktop website and mobile app are facing glitches, users said. Prime Day, which began just now, is a 36-hour shopping event. CNBC reports: Some users saw an error page featuring the "dogs of Amazon" and were never able to enter the site. Some got caught in a loop of pages urging them to "Shop all deals." Clicking the entry link for a specific category returned the user to the first page urging them to "Shop all deals." Some users successfully added items to their cart, only to receive an error message when trying to checkout and complete the purchase. Business Insider reports that several customers are threatening Amazon that they would cancel their Prime membership if the company is unable to resolve the glitches soon. Bloomberg offers some context on the significance of the any outrages on Amazon's website today: Trouble on the site spiked when the event began at 3 p.m. Eastern time, according to Downdetector.com, which monitors web trouble. Shoppers were expected to spend $3.4 billion on the site during the event, up more than 40 percent from a year earlier, according to Coresight Research.

Amazon Web Services already dominates the market for cloud services. Now, reports The Information, it is eyeing a part of the cloud business it doesn't already control: the $14 billion global market for data center switches [Editor's note: the link may be paywalled; alternative source]. From the report: AWS is considering selling its own networking switches for business customers -- hardware devices that move traffic around networks, according to a person with direct knowledge of the cloud unit's plans and another person who has been briefed on the project. The plan could plunge Amazon more deeply into the lucrative enterprise computing market, posing a direct challenge to incumbents in the business like Cisco, along with Arista Networks and Juniper Networks.

As it does in many other categories, Amazon plans to use price to undercut rivals. The company could price its white-box switches between 70% and 80% less than comparable switches from Cisco, one of the people with knowledge of the program estimated.

Special counsel Robert Mueller has obtained a new indictment charging 12 Russian intelligence officers with hacking Democrats to interfere with the 2016 presidential election, and with stealing information of about 500,000 American voters, the Justice Department announced Friday. From a report: The indictment lodged in Washington, D.C., accuses the Russian spies of hacking into the Democratic National Committee and the presidential campaign of Hillary Clinton, and of releasing emails obtained from that cybersnooping with a a goal of influencing the election. The accused also hacked into state boards of elections, secretaries of state, and into companies that provided software used to administer elections, according to Deputy Attorney Rod Rosenstein. Rosenstein said he briefed President Donald Trump about the case earlier in the week.

The Justice Department will appeal the AT&T-Time Warner merger approval, according to a court document filed Thursday. In one of the largest U.S. antitrust cases in decades, U.S. District Judge Richard Leon ruled last month that the merger could go on despite the government's resistance. The feds did not seek a stay that would have prevented the merger from taking place, and AT&T and Time Warner closed the deal directly after Leon's ruling.

Microsoft does not want to move jobs out of the United States but certain decisions out of Washington could potentially force its hands, the company's President and Chief Legal Officer Brad Smith warned. From a report: The Trump Administration's tough stance on immigration has attracted a lot of criticism from big technology firms, which rely heavily on skilled foreign workers from around the world. Smith previously spoke out against efforts to stop the Deferred Action for Childhood Arrivals (DACA) program -- an Obama-era policy that provides legal protection for young immigrants brought to the U.S. illegally as children. Microsoft has advocated the protection of DACA and more broadly supported immigration as a way to make sure U.S. companies are hiring talented people. "We do worry about a couple of the very specific immigration questions that people appear to be debating in Washington," Smith told CNBC's Akiko Fujita in an interview on Wednesday.

[...] "We don't want to move jobs out of the United States and we hope that we don't see decision making in Washington that would force us to do that," he said, adding that Microsoft has been openly speaking to people in Congress, at the White House and even the Canadian government to safeguard the interest of its employees. Microsoft has a development center in Vancouver, which Smith described as a "bit of a safety valve." "We're not going to cut people loose. We're going to stand behind them," he added.

At an event over the weekend, Google co-founder Sergey Brin said that the internet giant missed its chance to be at the forefront of blockchain technology. From a report: Brin, who currently serves as president of Google parent company Alphabet, joined blockchain technology leaders and researchers on a panel at Richard Branson's exclusive Blockchain Summit. "We probably already failed to be on the bleeding edge, I'll be honest," Brin said. Although Google may have missed out on early adoption of the distributed ledger technology, Brin suggested that blockchain is within the wheelhouse of X, the company's semi-secret research division. "I see the future as taking these kind of research-y kind of out there ideas and making them real -- and Google X is kind of like that," Brin said.

An anonymous reader shares a report: As Netflix and Amazon search for new users abroad, they are increasingly looking to India as a big market. Once crippled by poor internet infrastructure and low household income, the world's second-largest internet market has exhibited tremendous potential in the recent years. It's proving, however, to be a tough nut to crack for the American streaming leaders.

Leading the pack in the nation is Hotstar. Owned by Star India, which is controlled by Twenty-First Century Fox, Hotstar had about 70 percent of the on-demand local streaming services market earlier this year, according to estimates by research firm Jana. The three-and-a-half-year-old service has 150 million monthly active users, CEO Ajit Mohan told CNBC in an interview. Netflix, by contrast, has fewer than one million subscribers in the country, according to industry estimates. Once considered a luxury, an increasingly growing number of Indians are giving online streaming services a try. Companies have taken notice: More than 35 streaming services have launched or expanded their businesses in India in the last three and a half years, with many more planning to enter Bollywood soon. [...] Analysts say sporting events and local content are proving crucial in bringing new users to video platforms and then keeping them online, two areas where international giants are struggling. Hotstar, which offers much of its content to users at no charge (instead relying on ads to make revenue), charges $3 for its premium offering. In contrast, Netflix charges Indians about $8 a month.

Sports streaming in particular is helping local firms gain new users, the report said. You might remember Hotstar, which entered the US and Canada markets, set a new global concurrent record in late April, and now it turns out SonyLiv is getting more concurrent viewers to the FIFA World Cup in India than Fox Sports is generating on its digital platform in the US.

An anonymous reader shares a report: As Netflix and Amazon search for new users abroad, they are increasingly looking to India as a big market. Once crippled by poor internet infrastructure and low household income, the world's second-largest internet market has exhibited tremendous potential in the recent years. It's proving, however, to be a tough nut to crack for the American streaming leaders.

Leading the pack in the nation is Hotstar. Owned by Star India, which is controlled by Twenty-First Century Fox, Hotstar had about 70 percent of the on-demand local streaming services market earlier this year, according to estimates by research firm Jana. The three-and-a-half-year-old service has 150 million monthly active users, CEO Ajit Mohan told CNBC in an interview. Netflix, by contrast, has fewer than one million subscribers in the country, according to industry estimates. Once considered a luxury, an increasingly growing number of Indians are giving online streaming services a try. Companies have taken notice: More than 35 streaming services have launched or expanded their businesses in India in the last three and a half years, with many more planning to enter Bollywood soon. [...] Analysts say sporting events and local content are proving crucial in bringing new users to video platforms and then keeping them online, two areas where international giants are struggling. Hotstar, which offers much of its content to users at no charge (instead relying on ads to make revenue), charges $3 for its premium offering. In contrast, Netflix charges Indians about $8 a month.

Sports streaming in particular is helping local firms gain new users, the report said. You might remember Hotstar, which entered the US and Canada markets, set a new global concurrent record in late April, and now it turns out SonyLiv is getting more concurrent viewers to the FIFA World Cup in India than Fox Sports is generating on its digital platform in the US.

"Reddit has been actively luring advertisers as it attempts to take advantage of its vast audience to build its business," reports CNBC, adding that Reddit "has indicated it wants to increase advertising across the site, including more display and mobile ads and sponsored opportunities." An anonymous reader quotes their report: The 13-year-old company is now trying to expand and is making an aggressive push to get advertisers on board... [R]epresentatives from a half-dozen ad agencies told CNBC they've been pitched by Reddit within the past year about the company's plans to help brands target users. CNBC also obtained a 28-page presentation that Reddit has been sharing with advertisers...

Reddit is taking proactive steps to help clients protect their brands. In addition to its system of volunteer moderators and upvoting as a way to police content, three agencies that spoke with CNBC about Reddit said the company has discussed investing in technology like natural language bots to find questionable posts and hiring more people to monitor the threads. Reddit's ad deck has a section dedicated to "brand safety," where it explains how it places advertiser content in "white-listed" categories that are safe and has a team that watches over it. "Our dedicated account team constantly monitors Your Reddit Ad to ensure engagement is relevant and positive -- creating a 'walled garden' of conversation you can moderate or ban as needed," the slide says.
The artilce points out that Reddit is the third most-trafficked site in the U.S., but has far less ad revenue than other tech giants.

• Google: $95 billion in 2018
• Facebook: $40 billion
• Amazon: $2 billion (from advertising) in the last three months
• Twitter: $655 million in the first three months of 2018
• Reddit: Over $100 million projected for 2018

The plan to replace passport check-ins with more face scans is being trialed by Quantas on passengers for select flights into the Sydney Airport starting this week. The move is an attempt to replace the "inconvenience" of relying on more traditional paper passports. TechCrunch reports: It's still very early stages in a process that isn't exactly being rolled out overnight. After all, implementing such technology for Sydney's 43 million annual passengers is pretty large undertaking, even without myriad security and privacy concerns to contend with. To start with, the technology will be utilized for select international flights, to help automate check-in, boarding, lounge access and bag drop. Moving forward, the airport also hopes to implement it for mobile check-in and customs processing. "We've worked with Qantas from the outset and are delighted to be partnering with them as we trial this technology," Sydney Airport CEO Geoff Culbert said in a statement provided to the press. "In the future, there will be no more juggling passports and bags at check-in and digging through pockets or smartphones to show your boarding pass," he added. "Your face will be your passport and your boarding pass at every step of the process."

Scott Pruitt's polarizing tenure as head of the Environmental Protection Agency has come to an end. From a report: President Donald Trump tweeted on Thursday that he has accepted Pruitt's resignation. Trump said that the agency's deputy administrator, Andrew Wheeler, will become the acting head of EPA. The departure follows months of scrutiny that gathered momentum following reports that Pruitt had rented a Capitol Hill condominium linked to an energy lobbyist on favorable terms. The revelation exacerbated concerns about the high cost of Pruitt's travel and security detail and triggered a flood of allegations that Pruitt fostered a culture of workplace retaliation, wasteful spending and self-dealing at EPA. The steady flow of negative news stories prompted multiple government investigators to open several inquiries into Pruitt. His EPA now faces about a dozen probes into its spending, ethics and policy decisions. In a statement, Citizens for Responsibility and Ethics in Washington (CREW) said, "Good." Further reading: Judge Orders EPA To Produce Science Behind Pruitt's Climate Claims

Elon Musk tweeted on Sunday that the company produced 7,000 cars last week, including 5,000 Model 3 electric sedans. "Beating a self-imposed deadline, the final car rolling off the assembly line on Sunday morning, several hours after the midnight goal set by Musk, two workers at the factory told Reuters on Sunday." CNBC reports: The 5,000th Model 3 finished final quality checks at the Fremont, California factory and was ready to go around 5 a.m. PDT (1200 GMT), one person told Reuters. It was not clear if Tesla could maintain that level of production for a longer period of time. Tesla had a goal of producing 5,000 Model 3s per week before the close of the second quarter on Saturday to demonstrate it could mass produce the battery-powered sedan.

An anonymous reader quotes a report from Ars Technica: For people who put down a $1,000 deposit for a Tesla Model 3 as long as two years ago, the big day has arrived. Specifically, the day has arrived when they can give Tesla another $2,500 and then wait a few more months for their car to arrive. Days before the end of the second quarter, Tesla is now allowing all reservation holders in the United States and Canada to place orders for the Model 3. Customers will be able to choose between several variants of the Model 3 -- including the high-end "performance" model -- as well as choosing colors and option packages. However, the low-end version of the Model 3 with its long-promised $35,000 price tag isn't available to order yet.

Each customer will get a specific delivery estimate based on the model they choose and their position on the waiting list. A typical delivery window is two to four months. While the original $1,000 Model 3 deposit was fully refundable, customers who pay the extra $2,500 will be locked in three days after placing an order, the company told CNBC. That isn't a new requirement -- a Tesla spokeswoman told Ars that the company has long asked customers to pay a $2,500 deposit when they order other Tesla models.

Amazon on Thursday introduced software and accessories that will turn its Fire HD tablets into a portable Echo. From a report: The company on Thursday unveiled a new case and stand for the Fire HD 8 and Fire HD 10 tablet so those devices will act almost just like the Amazon Echo Show, a larger gadget that has a touch display. You can call up recipes in the kitchen, see song lyrics for music that you're playing, place video calls to friends, start movies and more, all without touching the tablet and with a visual interface that was previously available only on the Echo Show and Echo Spot.

An anonymous reader quotes a report from CNBC: Electric car maker Tesla's move last week to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal, according to three internal company documents and seven current and former Tesla solar employees. The latest cuts to the division that was once SolarCity -- a sales and installation company founded by two cousins of Tesla CEO Elon Musk -- include closing about a dozen installation facilities, according to internal company documents, and ending a retail partnership with Home Depot that the current and former employees said generated about half of its sales. About 60 installation facilities remain open, according to an internal company list reviewed by Reuters. An internal company email named 14 facilities slated for closure, but the other list included only 13 of those locations.