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Blockchain

New Coinbase loans service allows users to borrow cash against bitcoin holdings

By Duncan Riley Aug 12, 2020

Cryptocurrency exchange Coinbase Inc. is entering the lending market with an option for some U.S. customers to borrow money against their bitcoin holdings. The loans will allow customers to borrow as much as 30%…

Emerging Tech

Lyft beats forecasts despite revenue tumble amid COVID-19 pandemic

By Duncan Riley Aug 12, 2020

Lyft Inc. narrowly beat analysts’ predictions in its second quarter even as the company’s revenue was hammered by the ongoing COVID-19 pandemic. For the quarter ended June 30, Lyft reported revenue of $339.3 million,…

IoT

Workday and IBM team up to help employees get back to work amid COVID-19

By Mike Wheatley Aug 12, 2020

IBM Corp. and Workday Inc. are teaming up on a joint offering that aims to help companies plan and monitor their workplaces as they reopen their physical premises for business. Announced today, the approach…

Apps

Microsoft Surface Duo will be available Sept. 10 starting at $1,399

By Duncan Riley Aug 12, 2020

Microsoft Corp.’s long-awaited Surface Duo phone is finally coming to market, with the phone set to go on sale Sept. 10 for $1,399 to $1,499. The phone, which comes in 128- and 256-gigabyte versions, was…

Infra

Cisco’s stock falls on poor guidance as pandemic hits sales

By Mike Wheatley Aug 12, 2020

Cisco Systems Inc. said in its fourth-quarter results today that it has finally achieved its goal of deriving half of its revenue from its software and services offerings. But Cisco’s stock fell 6% in…

Apps

Apple partner Foxconn is splitting its supply chain amid trade tensions

By Maria Deutscher Aug 12, 2020

Hon Hai Precision Industry Co., better known as Foxconn, today reported a better-than-expected quarterly profit and said it’s realigning its manufacturing operations amid the U.S.-China trade tensions. Foxconn is a key supplier to Apple…

Policy

Uber and Lyft warn they may suspend services in California after court ruling

By Maria Deutscher Aug 12, 2020

Updated: Uber Technologies Inc. Chief Executive Dara Khosrowshahi today said that the company may have to stop providing its services in California for a few months amid a lawsuit from the state attorney general.…

Emerging Tech

RallyPoint teams with Amazon and Harvard to enable faster suicide intervention for veterans

By Kyt Dotson Aug 12, 2020

RallyPoint, a professional social media network serving the U.S. military and its veterans, today announced a pilot program in collaboration with Amazon Web Services from Amazon.com Inc. and researchers at Harvard University’s Nock Lab…

Cloud

Gong now valued at $2.2B after raising $200M for its AI sales platform

By Maria Deutscher Aug 12, 2020

Gong I.O. Ltd., a startup that uses artificial intelligence to help companies generate more revenue, today said that it has raised $200 million in funding at a $2.2 billion valuation. The investment follows a…

Apps

Google launches new resource for Chrome OS developers

By Mike Wheatley Aug 12, 2020

Google LLC today published a new resource for developers interested in building apps for the company’s Chrome OS, the operating system that powers its ecosystem of Chromebook computers. In a blog post, Iein Valdez,…

all stories

New Coinbase loans service allows users to borrow cash against bitcoin holdings

Lyft beats forecasts despite revenue tumble amid COVID-19 pandemic

Microsoft Surface Duo will be available Sept. 10 starting at $1,399

Cisco’s stock falls on poor guidance as pandemic hits sales

Apple partner Foxconn is splitting its supply chain amid trade tensions

Uber and Lyft warn they may suspend services in California after court ruling

Gong now valued at $2.2B after raising $200M for its AI sales platform

Google launches new resource for Chrome OS developers

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