Airbnb condemns New York City’s ‘bellhop politics,’ threatens legal retaliation

Airbnb’s policy and public affairs head Chris Lehane launched into an impassioned diatribe on Tuesday that condemned the « bellhop politics » he said are motivating New York City’s resistance to Airbnb. « Members of city council are nothing more than bellhops for the big hotel corporations. And it’s no surprise this type of bellhop politics has produced a process that has yielded bad legislation that at the end of the day is going to hurt everyday New Yorkers, » Lehane said. Airbnb executives held a conference call on the…

Amazon sellers say they were unfairly suspended right before Prime Day, and now have two bad choices

On July 9, Amazon put out a press release saying that Prime Day, the giant upcoming shopping extravaganza, « has proven to be a huge growth opportunity for many small and medium-sized businesses. » That same day, an online seller named Diana Schappert got an email from an Amazon employee who goes by Paul. It came with a very different message. « Jeff Bezos received your email and I am responding on his behalf, » wrote Paul, who didn’t include a last name but said that he’s part of the…

Elon Musk is ‘thin-skinned and short-tempered,’ says tech VC

Elon Musk is no stranger to headlines, drawing eyes and laughs with outlandish tweets and good-natured antics, but tech VC Gene Munster of Loup Ventures says Musk’s latest stunt crossed a line. « Your behavior is fueling an unhelpful perception of your leadership – thin-skinned and short-tempered, » Loup Ventures’ Munster wrote in an open letter to the Tesla and SpaceX CEO. Tesla’s stock took a beating Monday on the heels of a quickly-deleted tweet from Musk attacking a Thai rescue diver who assisted with the recovery of 12 stranded…

Netflix stock is tanking, but it’s the envy of Hollywood

How Netflix is everything to everyone Wall Street is punishing Netflix for a mediocre quarter. But don’t feel too bad for it just yet. Netflix is still the one to beat in Hollywood, where traditional entertainment and media companies are racing to catch up to its enormous head start in streaming video. Sure, Netflix (NFLX) might have missed its subscriber target by 1 million customers last quarter. But it still has 130 million people tuning in around the world. « They have a bulls eye on their back, » said…

Boeing looked into the future. Here are 3 things it saw

5 stunning stats about Boeing Once a year, Boeing looks into the future. The company released its annual industry forecast Tuesday at the Farnborough Airshow in England. The big picture: Demand for jets will only get stronger in the next 20 years. Boeing expects buyers around the world to spend $6.35 trillion on planes in that time, up slightly from last year’s estimate. The market for all those jets is changing. Here’s how Boeing sees it shaking out. 1. Asia is where it’s happening Boeing (BA) forecasts that 40% of…

Trump-Putin summit: US president reverses remark on Russia meddling

Media playback is unsupported on your device US President Donald Trump has said he accepts US intelligence agencies’ conclusion that Russia interfered in the 2016 election – despite declining to do so just a day ago. He said he had misspoken on Monday and had meant to say he saw no reason why it was not Russia that meddled. The original comments, after he met Russian President Vladimir Putin in Helsinki, drew a barrage of criticism. Even some of Mr Trump’s allies had urged him to clarify his stance. In…

Google Cloud Platform reports issues; Snap and other popular apps affected

Several major websites with Google domains and apps hosted on the Google Cloud Platform went down or redirected to Google error pages on Tuesday. Users reported issues with Breitbart and Drudge Report, as well as Snapchat, Discord and Spotify. « We are aware of issues affecting some of our GCP services and the team is actively investigating, » Google said in a statement. Google’s Cloud Status Dashboard showed disruptions in its App Engine, Cloud Networking and Stackdriver. This story is developing. Please check back for updates. Source: CNBC

Next Goldman CEO to take on old problems, new businesses

NEW YORK (Reuters) – Goldman Sachs Group Inc (GS.N) named David Solomon as its next chief executive officer on Tuesday, ushering in a new era for the Wall Street bank as it expands into different businesses and revamps familiar ones. FILE PHOTO: David M. Solomon, President and Chief Operating Officer, Goldman Sachs, speaks at the Milken Institute’s 21st Global Conference in Beverly Hills, California, U.S. April 30, 2018. REUTERS/Lucy NicholsonSolomon’s promotion from his current role as president and chief operating officer comes months after the 56-year-old investment banker was first…

Rebuking Trump’s embrace of Putin, U.S. lawmakers look to punish Russia

WASHINGTON (Reuters) – U.S. President Donald Trump faced outrage on Tuesday for his failure to hold Russia accountable for meddling in the 2016 U.S. election, and some U.S. lawmakers threatened action in Congress to punish Moscow and show support for U.S. intelligence agencies. At a joint news conference with Russian President Vladimir Putin after a summit in Helsinki on Monday, Trump stunned politicians back home by shying away from criticizing Putin for Moscow’s efforts to undermine the election, contradicting the findings of American intelligence agencies. Trump, whose summit with Putin…

The natural-gas pipeline from Russia to Germany has split Europe down the middle

Lubmin is a picturesque resort on Germany’s Baltic Sea coast that boasts a long stretch of sandy beach bordered by soft dunes and a lush pine forest. Located a few hours north of Berlin, the town offers tourists a postcard version of seaside tranquility. Or it would, were it not for the fleet of excavator barges that sails out from the local port every day, and the large building site hiding behind the pines. Both are part of a fiercely contentious project that has split Europe down the middle, and…

CEOs are dumping stock in their companies. Here’s what that means

Why stock buybacks may deepen income inequality The captains of Corporate America are steering a record amount of cash into stock buybacks. Companies have announced them this year at a rate of more than $5 billion a day. The buyback boom has been viewed by investors as a sign of confidence among CEOs. Yet with their own money, executives are quietly taking a much different approach: They’re cashing out. Insiders dumped $8.4 billion of their shares in May and $9.2 billion in June, according to an analysis of regulatory filings…

Texas to pass Iraq and Iran as world’s No. 3 oil powerhouse

Shale exec: US will surpass Russia in oil production Don’t mess with Texas. It’s a global oil superpower. The shale oil boom has brought a gold rush mentality to the Lone Star State, which is home to not one but two massive oilfields. Plunging drilling costs have sparked an explosion of production out of the Permian Basin of West Texas. In fact, Texas is pumping so much oil that it will surpass OPEC members Iran and Iraq next year, HSBC predicted in a recent report. If it were a country,…

Trump speaks as critics denounce his embrace of Putin

Photo by Win McNamee/Getty Images Republicans are unhappy with President Trump’s comments at his press conference with Putin. But it appears they’re unlikely to do much about it. CNN congressional correspondent Phil Mattingly just told CNN chief national correspondent John King what he’s been hearing behind the scenes over the course of the last 24 hours, talking with lawmakers and senior Republican aides about President Donald Trump’s embrace of Russian President Vladimir Putin’s denial that Russia meddled in the US election, and his failure to embrace the conclusion of the…

Amazon’s Prime Day is off to a red hot start, despite glitches

See Amazon’s new Prime delivery initiative Despite tech glitches, Amazon Prime Day has been a huge success so far. Sales soared by 89% in the first 12 hours of Prime Day compared to the first 12 hours last year, according to Feedvisor, a software company that uses algorithm and machine learning to track e-commerce pricing. The number of orders were up 69% in the same period. Feedvisor used its database of clients, made up of companies that sell on Amazon (AMZN), to analyze the sales trend. It does not have…

Spotify no longer deletes your downloads when you clear your cache

The Spotify app on Android and iOS now lets you clear your cache without affecting your downloaded songs. That’s a minor quality of life improvement for users who want Spotify to take up less storage space but still want to be able to listen to songs while offline. The update appears to have quietly rolled out over the past few weeks to Android users, as spotted by Android Police and confirmed by The Verge. Spotify will also now clarify that downloads aren’t being deleted when you delete your cache, which…

Brexit vote: Government defeats EU customs union bid

The government has survived an attempt by pro-EU Conservative MPs to change its post-Brexit trade strategy. The MPs wanted the UK to join a customs union if it does not agree a free-trade deal with the EU. But the government, which says being part of a customs union will prevent it from striking international trade deals, won the vote by 307 to 301. It did, however, lose a separate vote on its Trade Bill on the regulation of medicines after Brexit. MPs backed an amendment that would keep the UK…

Congress pressures tech companies to ban more accounts

At the end of a three-hour hearing that was meant to address concerns over censorship and wound up including everything from whether Google blocks mentions of Jesus to President Donald Trump’s embrace of Vladimir Putin, lawmakers landed on an unlikely conclusion: it’s time to ban more accounts. Pointing to posts from hyperpartisan Facebook pages including Infowars and Milkshakes Against the Republic Party that appeared to incite violence, a bipartisan group of lawmakers on the House Judiciary Committee asked tech executives to make it clearer when they would ban accounts of…

‘What a dumb hearing,’ says Democrat as Congress grills tech companies on conservative bias

Facebook, Twitter and Alphabet-owned YouTube went before Congress again Tuesday to address claims of conservative bias, and at least one Democratic representative thought it was ridiculous. « So let me just ask some very basic questions so the American public understands what a dumb hearing this entire hearing is, » said Ted Lieu, a Democratic representative from California. He then asked a series of questions that led company representatives to acknowledge that they were from private companies. Lieu’s point was that the companies’ responses don’t matter since Facebook, Twitter and…

Government survives EU customs union vote

The government has survived an attempt by pro-EU Conservative MPs to change its post-Brexit trade strategy. The MPs wanted the UK to join a customs union if it does not agree a free-trade deal with the EU. But the government, which says being part of a customs union will prevent it from striking international trade deals, won the vote by 307 to 301. It did, however, lose a separate vote on its Trade Bill on the regulation of medicines after Brexit. MPs backed an amendment that would keep the UK…

Now you can use Google Assistant to map out your day

Google just announced that it will introduce a “visual snapshot” feature in Assistant to summarize what’s happening in your day. The feature, which is available on Android and iOS devices starting this week, will curate a user’s personal information into a single, scrollable interface — from flight times to restaurant reservations to scheduled meetings. The app will also integrate these “snapshots” with whatever notes and lists are jotted into a user’s other note-taking apps, including Google Keep, Any.do, and Todoist. Assistant can also factor in the time needed for your…

Minister tells pro-EU Tories ‘work with us’ on Brexit customs

The government has urged pro-EU Conservative MPs to « work with us » as it seeks to avoid a Commons defeat on Brexit. Several Tories have expressed support for a call for the UK to stay in a customs union if there is no trade agreement by 21 January 2019. The government says joining a customs union would prevent it from striking trade deals with other countries. MPs have started voting on suggested changes to the Trade Bill. Pro-EU Tory MP Stephen Hammond said his amendment was « exactly in…

Trump-Putin summit: US president hails meeting amid outcry

Media playback is unsupported on your device US President Donald Trump has hit back after facing fierce criticism over his summit with Russian counterpart Vladimir Putin. He said the meeting had gone « even better » than the recent Nato summit. After talks with Mr Putin, he contradicted his own intelligence agencies by saying he could not see any reason why Russia would meddle in the 2016 US election that he won. The remarks have angered even some of his supporters. In a tweet, Mr Trump alluded to last week’s…

Ex-UKIP councillor Stephen Searle guilty of murdering wife

A former UKIP councillor has been found guilty of murdering his wife, after he had an affair with their son’s partner. Stephen Searle, 64, strangled his wife Anne at their home in Stowmarket, Suffolk, on 30 December. The ex-Royal Marine had denied killing Mrs Searle, 62, after she found out about the affair with Anastasia Pomiateeva. He was found guilty by a jury at Ipswich Crown Court and will be sentenced on Wednesday. Judge Mr Justice Green said Searle’s « act of infidelity in one way or another led to…

Comedian ‘humiliated’ for using disabled space on train

Media playback is unsupported on your device A comedian has hit out at a train operator after she was « harassed and humiliated » for using a disabled space for her mobility scooter. Tanyalee Davis said a guard on a Great Western Railway (GWR) service threatened to call the police if she did not leave the space. Ms Davis said the guard then made an announcement that she was « causing problems » which had delayed the train. GWR said staff who saw the video were « collectively horrified ».…

Louis Tomlinson and Robbie Williams named new judges on The X Factor

Robbie Williams is to join the X Factor judging panel when the show returns to screens this summer, ITV has announced. The former Take That singer, 44, fills the vacancy left by long-standing judge Louis Walsh, who quit the show last month after 13 years. Louis Tomlinson will join the panel along with Robbie’s wife Ayda Field, and long-term judge Simon Cowell. Sharon Osbourne will also be a judge – but only on the live shows that follow the pre-filmed auditions. The new judging panel was unveiled in central London…

Amazon shares rebound, report says Prime Day sales jumped 89 percent in first 12 hours of the event

Shares of Amazon rebounded Tuesday afternoon after a report said Prime Day sales on the e-tailer’s third-party marketplace were up nearly 90 percent during the first 12 hours of the event from a year ago. That’s according to Feedvisor, an algorithmic pricing and business intelligence platform for online retailers, which is monitoring purchases made on Marketplace during the event. Marketplace sales account for roughly two-thirds of Amazon’s sales overall, with the rest going to Amazon’s in-house brands. Amazon shares had been falling less than 1 percent Tuesday morning, after the…

Kurt Cobain’s daughter says time for U.S. to get over mental health taboo

DUBLIN (Reuters) – Kurt Cobain’s daughter said on Tuesday the United States should overcome its taboo about mental health and addiction almost a quarter of century after her rock star father took his own life. Kurt Cobain’s daughter Frances Bean Cobain poses for a photograph at the opening of ‘Growing Up Kurt’ exhibition featuring personal items of Nirvana frontman Kurt Cobain at the museum of Style Icons in Newbridge, Ireland, July 17, 2018. REUTERS/Clodagh KilcoyneFrances Bean Cobain was speaking in Ireland at the launch of a new exhibition of the…

How to put your medical history on your iPhone in less than 5 minutes

Apple and a growing network of hospitals and doctors’ offices will now let you import your health history right into your iPhone. We’ll show you how. First, some background. Apple is trying to fix a longstanding problem in health care. Most hospitals and clinics have an electronic health record provider, which includes a « portal » that their patients can use to access medical information. But these portals tend to be extremely wonky and hard to use, so they aren’t used much. The situation gets even more complicated for patients…

Russian establishment chalks up Trump summit as a win for Putin

MOSCOW (Reuters) – Russia’s political and media establishment heralded talks between the Russian and U.S. leaders in Helsinki as a victory for Vladimir Putin in breaking down Western resolve to treat Russia as a pariah. “The West’s attempts to isolate Russia failed,” read the headline on a report on Monday’s summit meeting in state-run newspaper Rossiisskaya Gazeta. The praise from Russia’s elite for Putin’s performance at the summit contrasted sharply with the reaction in Washington where U.S. President Donald Trump’s own Republican party accused him of failing to stand up…

House may consider new sanctions on Russia: Speaker Ryan

WASHINGTON (Reuters) – U.S. House of Representatives Speaker Paul Ryan on Tuesday said he is willing to consider additional sanctions on Russia, and reiterated his support for U.S. intelligence community findings that Russia interfered in the 2016 election. Speaking to reporters a day after President Donald Trump’s meeting with Russian President Vladimir Putin, Ryan said if congressional committees believe further sanctions on Russia are necessary, “I’m more than happy to consider those.” “Russia is a menacing government that does not share our interests and it does not share our values,”…