Comcast Offers Thousands of Grants, Equipment, Marketing and Technology Resources to Small Businesses Hardest Hit by COVID-19

Comcast RISE Initiative Provides Small Businesses with Free Marketing Insights and Opportunities to Apply for Media, Technology Upgrades and Grants Up To $10,000

Black-Owned Small Businesses, Those Impacted Most by the Pandemic, are the First Eligible Applicants for Comcast RISE Resources and Grants.

Comcast Corporation (NASDAQ: CMCSA) today launched Comcast RISE, an initiative created to help strengthen and empower small businesses hard hit by COVID-19. The Comcast RISE program will help thousands of small businesses over the next three years. The multi-faceted program offers grants, marketing and technology upgrades, including media campaigns and connectivity, computer and voice equipment, as well as free marketing insights to all applicants.

U.S. small businesses have been particularly hard hit by the pandemic. A recent study from the National Bureau of Economic Research found that the number of U.S. active business owners dropped from 15 million to 11.7 million from February to April. The study

Read More

Apple on EU ‘hit list’ of big tech companies that will face stricter rules

The European Union plans to impose new and stricter regulations on a “hit list” of 20 large internet companies — including Google, Facebook, Amazon, and Apple.

EU regulators, who are seeking new powers to police Big Tech in Europe, are currently drawing up that “hit list.” The companies will be subject to more stringent rules in an effort to curb their market power.

The list of rules will be based on criteria such as the number of users a company has, or the market share of revenues, according to The Financial Times. It could also include technology companies deemed so powerful that rivals can’t trade without using their platforms.

Companies that find themselves on the list may face new rules that could force them to be more transparent about the information they gather and regulations requiring them to share data with their competitors. It’s likely that the list will

Read More

EU creates ‘hit list’ of Big Tech targets for new regulation: Report

  • EU lawmakers are drawing up a “hit list” of Big Tech companies to target with new regulation, sources told the Financial Times.
  • The list will have up to 20 companies on it, and is likely to include big players such as Facebook and Apple, the sources said.
  • The EU is set to publish proposals for new technology laws in December.
  • Visit Business Insider’s homepage for more stories.

EU lawmakers are writing a “hit list” of Big Tech companies to target with tougher regulation, sources familiar with the matter told the Financial Times.

The sources did not say which names are on the list so far, but said it will feature up to 20 large tech companies, and that it is likely to include Silicon Valley behemoths such as Facebook and Apple.

Under draft plans for new legislation, the companies named on the list will have to abide by stricter regulations

Read More

Air Canada lowers Transat buyout price to reflect COVID-19 hit

(Reuters) – Air Canada <AC.TO> has lowered its price to buy Canadian tour operator Transat A.T. Inc <TRZ.TO> with the deal now worth about C$188.7 million ($143.86 million), down from C$720 million previously, reflecting the post-COVID-19 reduction in airline values, the companies said in a statement on Saturday.

Air Canada had secured Transat shareholders’ approval for the deal last year with a sweetened C$18.00 a share bid, to bolster its leisure business.

Under revised terms of the deal, Air Canada said it will acquire all shares of Transat for C$5 per share, representing a premium of about 30.5% to Transat’s last close on Friday.

“Air Canada intends to complete its acquisition of Transat, at a reduced price and on modified terms,” Calin Rovinescu, chief executive officer of Air Canada said in a statement.

The deal remains subject to shareholder approval, court approval and other regulatory approvals in Canada and the

Read More

Global 5G Smartphone Sales Will Hit 250 Million in 2020

BOSTON–(BUSINESS WIRE)–Oct 8, 2020–

According to the latest research from Strategy Analytics global 5G smartphone sales will surge 1,300 percent to a record 250 million units in 2020. Apple iPhone, Huawei, and Samsung are driving the 5G smartphone market higher this year.

Ville-Petteri Ukonaho, Associate Director at Strategy Analytics, said, “We forecast global 5G smartphone sales to soar 1,300 percent from 18 million units in 2019 to a record 250 million in 2020. The 5G category is the main engine of smartphone growth today and for the next decade.”

Ken Hyers, Director at Strategy Analytics, added, “A quarter-billion 5G smartphones will be sold worldwide in 2020. China and United States are the two largest 5G countries. Apple iPhone, Huawei, and Samsung are the top-three brands that together will capture two-thirds of all 5G smartphone sales globally this year.”

Ville-Petteri Ukonaho, Associate Director at Strategy Analytics, added “The 5G category

Read More

Bitcoin Market Cap To Hit $1 Trillion By 2022, Blockstream CEO Predicts

KEY POINTS

  • Blockstream CEO Adam Back believes Bitcoin’s market cap will increase by 400% within two years
  • This is in response to another forecast which said Bitcoin will hit that mark by 2025
  • At the moment, Bitcoin is marred by lower volatility

Famed cryptographer and Blockstream CEO Adam Back believes Bitcoin can easily hit a market cap of $1 trillion by 2022, three years earlier than the estimate from investment company Ark.

Ark made news in the past because of its aggressive price prediction for Tesla. Back said Ark’s forecast that Bitcoin would hit a $1 trillion market cap by 2025 was very conservative. “I’d say Bitcoin likely sees a $1 trillion market cap within 2 years, probably sooner,” he said on Twitter.

Back’s message was a response to Yassine Elmandjra, an analyst from Ark Investment Management. Last month, Elmandjra said Bitcoin was in its path to monetization, with substantial

Read More

Tech Stocks Could Hit New Highs In 2021: UBS

Tech stocks have seen a correction in September with the Nasdaq 100 index declining 5.7%, the biggest pullback since coronavirus led decline March. However, history suggests that tech stocks could rebound to new highs in 2021 according to UBS analysis, reports the Financial Times.



a close up of a logo


© Provided by Benzinga


UBS Investment Thesis: According to investment research firm UBS, trading patterns of the last five years show that mid-cycle corrections in global tech stocks lasted an average of a month from peak to trough, and the sector lost up to 11%. The scale of rebound over the next six months was an average 20%.

Loading...

Load Error

2020 has been a volatile year for stocks due to the coronavirus pandemic. Even after the 5.7% decline in September and 7.7% decline in March, the Nasdaq 100 index is up 30% in 2020.

Applying a similar pattern to Nasdaq 100, following its fall in September,

Read More

TCS, Infosys, Wipro shares hit new 52-week high today; BSE IT index rallies 90% since March



a group of people sitting at a desk: From March lows of 10,937.37, BSE IT index has rallied over 90 per cent


© Provided by The Financial Express
From March lows of 10,937.37, BSE IT index has rallied over 90 per cent

IT stocks were in focus today as TCS, Wipro, Infosys and Mindtree shares hit fresh 52-week highs on Monday. BSE Information Technology index rose 3.32 per cent to climb up to a new record high. During the second quarter of FY21, BSE IT index surged 31.7 per cent, significantly outperforming BSE Sensex, which managed to gain 9.2 per cent. Corporate earnings for the July-September quarter will kick start from Wednesday as TCS is scheduled to announce its second-quarter results. Analysts expect Q2 to be a strong quarter for Indian IT companies as all the companies successfully transitioned to ‘work from home’ (WFH) model leading to business continuity and significant cost savings.

From March lows of 10,937.37, BSE IT index has rallied over 90 per cent. In today’s session, TCS shares

Read More

Kylie Jenner’s cosmetics company hit in Shopify data breach

  • Kylie Jenner’s cosmetics company confirmed that it was one of the companies affected by the Shopify data breach earlier this month.
  • Two Shopify employees may have exposed customer contact and order details from 200 merchants, Shopify said on September 23.
  • Kylie Cosmetics said it was “deeply disappointed” to learn that the breach affected its customers, but remains “confident” that customers can still use its site.
  • Visit Business Insider’s homepage for more stories.

Kylie Jenner’s makeup company has warned customers that their data — including parts of their credit card numbers — may have been exposed in a Shopify security breach.

Two “rogue” Shopify staff members stole order records and may have exposed customers’ names, email and postal addresses, and order details from less than 200 merchants, the Canadian e-commerce giant said on September 23. Kylie Cosmetics was among those affected, the beauty brand announced on its website.

The breach may

Read More

California Hit by 400 Earthquakes in Swarm on San Andreas Fault, USGS Warns Bigger Quakes Could Strike

A swarm of more than 400 earthquakes has hit California in the area between the San Andreas fault and the Imperial fault, with further seismic activity and potentially larger earthquakes set to follow over the next week.

The biggest earthquake that has been recorded in the swarm so far was a magnitude 4.9, which hit at 5.31 p.m. local time on September 30, but bigger quakes are a possibility.

“In a typical week, there is approximately a three in 10,000 chance of a magnitude 7+ earthquake in the vicinity of this swarm,’ the U.S. Geological Survey (USGS) said in a statement. “During this earthquake swarm, the probability of larger earthquakes in this region is significantly greater than usual. Currently, the swarm is rapidly evolving, and we expect to update this forecast with more specific probability information as we collect more data.”

The most likely scenario is that the rate of

Read More