FCC launches first U.S. high-band 5G spectrum auction
The Federal Communications Commission on Wednesday launched the agency's first high-band 5G spectrum auction as it works to clear space for next-generation faster networks.
TECHNOLOGY
Prominent managers loaded up on Apple before recent tumble
Several prominent investors put fresh money to work in Apple during the third quarter even as they sold out of other high-flying tech companies, betting the iPhone maker's stock would keep rising as strong growth overshadowed rising trade tensions between the United States and China.
U.S. lawmaker says Facebook cannot be trusted to regulate itself
Democratic U.S. Representative David Cicilline, expected to become the next chairman of House Judiciary Committee's antitrust panel, said on Wednesday that Facebook Inc cannot be trusted to regulate itself and Congress should take action.
A matter of volume: threat from ascendant Chinese phones hangs over Apple
A raft of profit warnings from Apple Inc suppliers this week has fueled investor concerns that iPhone sales, in terms of volume, have hit a wall that could spell trouble for the company's plans to make services its main pillar of growth.
Walmart's LatAm delivery app Cornershop eyeing Canada and U.S
Cornershop, a Latin American grocery delivery app being acquired by Walmart, plans to expand into Canada early next year as a test market for the United States, an executive for the three-year-old mobile app said.
Uber posts $1 billion loss in quarter as growth in bookings slows
Uber Technologies Inc said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 percent in the latest quarter, the third quarter in a row that growth has remained in the single digits after double-digit growth for all of last year.
Bitcoin drops to one-year low as slump persists; ethereum down sharply
Bitcoin fell to a more than one-year low on Wednesday, breaching a key support level of $6,000 and causing a wave of selling in the digital currency and other crypto assets in what has been a prolonged market slump that began early this year.
Cisco beats as network gear demand rises, new bets pay off
Cisco Systems Inc beat analysts' estimates for quarterly revenue and profit on Wednesday, as the network gear maker benefited from demand for its routers and switches as well as growth in newer areas of focus such as software.
BMW, Vodafone, Ericsson urge EU to consider 5G car standard
BMW, Vodafone and Ericsson made a last-ditch effort on Wednesday to persuade the European Commission to open the way for the use of 5G technology in cars, concerned about the EU executive's preference for a wifi-based technology being pursued by their rivals.
Exclusive: Snap reveals U.S. subpoenas on IPO disclosures
The U.S. Justice Department and Securities and Exchange Commission have subpoenaed Snap Inc for information about its March 2017 initial public offering, the social media app maker told Reuters on Tuesday.