JPMorgan Chase & Co. reported a significant increase in its profits (24 per cent year-on-year) for the third quarter driven by a lower bill for taxes and the increased rates of interest in the United States, thanks to the US Federal Reserve for raising interest rates three times this year...

The machine-learning based recruiting engine of Amazon.com reportedly does not like women. This was discovered recently by its artificial intelligence specialists.      This machine learning program was being developed by Amazon’s experts 2014 and is designed to examine resumes of...

The international Monetary Fund has warned that the risks that are already building up in the global financial system could go out of hand is there is an escalation of the trade spats.   The IMF's latest Global Financial Stability Report states that there is however a sense of complacency...

Alphabet Inc’s Google us apparently making a global launch for its Pixel smartphone as it organized 10 simultaneous media events throughout the world for the same as the company also launched its first tablet computer and a new Google Home smart speaker. Analysts now expect the company to...

Low usage and a bug that was discovered in March last year was cited as the primary reasons that the consumer version of the social networking site Google+ was is being shut down by the U.S. internet giant Google, the company announced on Monday. It was estimated that personal and other stored data...

Robust demand for semiconductors from data centres and gains in production yields drove the estimated third-quarter operating profit for Samsung Electronics to increase by at least 20 per cent and reach a record high.    However, the two year growth cycle for the chip industry was...

A 72 year old company that has a huge legacy and manages over $7 trillion in investor’s funds - Fidelity Investments, are extremely open to nascent technologies, such as cryptocurrency and blockchain despite having a strong and well established position in the conventional retail markets.  ...

Alleging that Tesla CEO Elon Musk had made a series of "false and misleading" tweets about the possibility of taking Tesla private last month, the U.S. securities regulator – the Securities and Exchange Commission, now want Musk to be removed from the electric car making company.   Tesla,...

An amount of $148 million would be paid by ride hailing company Uber to authorities in the United States to settle a case of a massive data breach on its servers in 2016 which the company had kept secret for over a year, announced the company and government authorities.   The case date back...

The abrupt departure of the co-founders of Instagram - Kevin Systrom and Mike Krieger, created a lot questions among experts and experts as none provided any particular reason for their exit form the company that they had founded in 2010.   But if media reports quoting are to be believed,...

The US handbag and clothing brand Michael Kors is reportedly set to buy the Italian fashion house Versace which was founded by Gianni Versace 40 years ago. The deal has been reported to be worth $2bn.   The late Gianni Versace’s niece, Allegra Versace Beck, would almost be turned...