Apple Card public launch in August, says Tim Cook in earnings call

Apple CEO Tim Cook disclosed a tentative launch date for its credit card at the company’s third-quarter earnings call Tuesday. "And we plan to begin the rollout of Apple Card in August," he said, which puts the Apple Card well within the promised summer launch window.

Apple's quarterly profit falls as iPhone sales sputter

Apple’s iPhone sales are still sputtering while the company tries to offset the decline by milking more money from digital services such as music.

Instagram needs fact checking, says UK charity

Facebook needs to extend its third-party fact checking program to other platforms, most immediately, Instagram, says UK-based independent fact checking charity Full Fact in a report published Tuesday highlighting its six-month effort at fighting misinformation on Facebook.

2020 iPhones to use time-of-flight sensors: Report

Apple analyst Ming-Chi Kuo revised his estimates on next year’s iPhones Monday, claiming that two of them will be fitted with a time-of-flight sensor in their rear camera, which would also help enhance its augmented reality and photo taking capabilities. 

Capital One target of massive data breach

A security breach at Capital One Financial, one of the nation's largest issuers of credit cards, compromised the personal information of about 106 million people, and in some cases the hacker obtained Social Security and bank account numbers.

Uber lays off 400 employees from global marketing team

Uber is laying off 400 employees in marketing, about a third of the marketing team's global workforce of 1,200 people.

Google's upcoming phone to support gesture controls

Google confirmed Monday that its upcoming flagship phone, the Pixel 4 will support gesture controls, enabling users to play music, snooze alarms, and silence phone calls, just by waving their hand. When the Pixel 4 is launched later this year, it will incorporate a brand new way of interacting with the smartphone – one that does away with the need to swipe at the glass screen. The...

Trump refuses to shield Apple's Mac Pro from China tariffs

President Donald Trump has vowed to slap tariffs on Apple's Mac Pros if the company shifts production of the computer from Texas to China. The pledge made in a Friday tweet rebuffs Apple's attempt to shield its products from taxes being imposed on goods made in China as part of Trump administration's trade war with the world's most populous country.

Apple buys Intel's smartphone modem division for $1 billion

Apple is paying Intel $1 billion for the chip maker's smartphone modem division in a deal driven by the upcoming transition to the next generation of wireless technology.

Tesla stock plummets after announcing $408M loss in 2Q

Tesla suffered a loss of $408 million during its latest quarter as the company continues to struggle to prove it can make money while producing electric cars at prices that a mass market can afford. The setback announced Wednesday had already been telegraphed by Tesla CEO Elon Musk, but it still underscored an ongoing challenge that helps explains why the company's shares have plunged by more...

FTC fines Facebook $5B, adds oversight for privacy mishaps

Federal regulators have fined Facebook $5 billion for privacy violations and are instituting new oversight and restrictions on its business. But they are only holding CEO Mark Zuckerberg personally responsible in a limited fashion.

Justice Department opens sweeping antitrust review of major technology companies

The department says it is opening sweeping antitrust investigation of Big Tech and whether the online platforms have hurt competition, suppressed innovation or otherwise harmed consumers.

Report: FTC will say Facebook misled users about privacy

The Washington Post is reporting that the Federal Trade Commission will allege that Facebook misled users about its privacy practices as part of an expected settlement. The federal business watchdog will reportedly find that Facebook deceived users about how it handled phone numbers it asked for as part of a security feature and provided insufficient information about how to turn off a facial...

Three new iPhones powered by A13 chip coming this fall: Report

News that the new iPhones will feature a triple-camera system have been circulating for a while. Now, we have fresh insights on specs and features of the new phones. Apple will release three new iPhones this fall, powered by a new A13 chip. The new phones, dubbed iPhone 11, will feature a new Taptic Engine, and will retain the existing Lightning port, Apple enthusiast site 9to5mac...

Uber testing monthly subscription pass for rides, food delivery, bikes and scooters

Uber is testing a monthly subscription pass that combines four of its services under a $24.99 monthly price in San Francisco and Chicago, according to a news report published Monday by Techcrunch. The pass puts a price ceiling on every ride, free food delivery via Uber Eats, and free access to its JUMP bikes and electric scooters. 

Pinterest adds wellness activities to help users cope with stress, depression, and anxiety

Social discovery platform Pinterest has started rolling out a collection of well-being exercises Monday on its app to help users deal with anxiety, sadness, and stress. 

Microsoft to invest $1 billion in OpenAI

Microsoft announced Monday that it is investing $1 billion in San Francisco-based OpenAI, an artificial intelligence-focused company founded by tech luminaries such as Elon Musk and Sam Atman. 

What consumers should know about Equifax $700M settlement

Equifax's $700 million settlement with the U.S. government over a massive 2017 data breach includes up to $425 million for consumers. The breach was one of the largest ever to threaten private information, as the breach exposed Social Security and other data on nearly 150 million people. Affected consumers would get free credit-monitoring and identity-restoration services for the next...

Equifax to pay up to $700M in data breach settlement

Equifax will pay up to $700 million to settle with the U.S. and states over a 2017 data breach that exposed Social Security numbers and other private information of nearly 150 million people.

Lead paint suppliers settle California lawsuit for $305M

The nation's former major suppliers of lead paint have agreed to pay California's largest cities and counties $305 million to settle a nearly 20-year-old lawsuit, attorneys said Wednesday.