BEIJING – China is raising the cash rewards paid to citizens for reporting pornographic and “illegal” publications to authorities, government regulators said Friday (Nov 16). Starting December 1, people can rake in up to 600,000 yuan (S$118,000) for reporting illegal content, online or otherwise, double the 300,000 yuan under previous guidelines. What counts as “illegal”...
Auto industry officials are cautiously breathing a sigh of relief after hearing word from Washington that the Trump administration may delay, possibly even scrub, a move that could impose new tariffs of up to 25 percent on imported vehicles and car parts. President Donald Trump met with his trade advisers on Tuesday to discuss, among...
Comcast Ventures had seen enough. Years of researching business models, seeing their portfolio’s performance and watching digital media startups struggle had made an impression. For 2018, the venture capital firm made a decision: unless it found an extraordinary idea or entrepreneur, it would no longer put seed money behind advertising-driven media companies. “Starting an ad-supported...
Amazon will soon have more than 50,000 jobs to fill. The company announced this month it will open two new headquarters, one in New York City, and the other in northern Virginia, and that the average salary will be more than $150,000. Wondering if you could be a contender? CNBC talked with former recruiters at...
Google could pay upwards of $110 million, without subsidies, to buy large swaths of land in San Jose, according to a new city document detailing its negotiations with the company on its plan to build a mega-campus 15 miles south of its headquarters. The plan describes sites that cover around 21 acres, some owned by...
Upon leaving Oracle in September, after a 22-year career at the software giant, Thomas Kurian told friends and colleagues that he was going to take a step back and decide what to do next. One person he exchanged LinkedIn messages with was a former boss at Oracle, Gary Bloom, who has spent the past six...
The Securities and Exchange Commission announced its first civil penalties on Friday against crypto founders who failed to register new coin offerings, part of a bigger regulatory and legal crackdown aimed at abuses and outright fraud in the growing digital currency industry. The SEC said it settled separate cases with start-ups companies Airfox and Paragon,...
Wall Street’s best-known cryptocurrency bull just cut his bitcoin price target nearly in half. Tom Lee, co-founder of Fundstrat Global Advisors, lowered his year-end target to $15,000 from $25,000 — still well above where the cryptocurrency was trading on Friday. A key driver was bitcoin’s “break-even” point, the level at which mining costs match the...
Chipmaker Nvidia was a major beneficiary of the crypto-boom last year. But by now, the party is over and the hangover is starting to set in. In its disappointing earnings report Thursday, Nvidia executives outlined a drop in revenue for the current quarter based on lack of demand for its gaming cards. Cryptocurrency mining had...
How far would you go to spite your lover? One woman in China decided that jumping onto a train track was a wise move to win an argument with her boyfriend. What she did not know was that a high-speed train was pulling into the station when she pulled the stunt. Luckily for her, based...