Today's Top Gadgets & Tech Story

GameStop rally fizzles; shares still register 151% weekly gain

(Reuters) - GameStop Corp closed 6% lower on Friday as an early rally fizzled but the stock finished the week 151% higher in a renewed surge that left analysts puzzled. Read More

 

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Biden on track to apply Trump-era rule targeting Chinese tech supply chain concerns

WASHINGTON (Reuters) - The Biden administration plans to allow a Trump-era rule targeting Chinese technology firms deemed to pose a threat to the United States to go into effect despite objections from U.S. businesses, the U.S. Commerce Department said on Friday. More »

 

Analysis: How idled car factories super-charged a push for U.S. chip subsidies

(Reuters) - When President Joe Biden on Wednesday stood at a lectern holding a microchip and pledged to support $37 billion in federal subsidies for American semiconductor manufacturing, it marked a political breakthrough that happened much more quickly than industry insiders had expected. More »

 

Bots hyped up GameStop on major social media platforms, analysis finds

WASHINGTON (Reuters) - Bots on major social media platforms have been hyping up GameStop Corp and other "meme" stocks, according to an analysis by Massachusetts-based cyber security company PiiQ Media, suggesting organized economic or foreign actors may have played a role in the Reddit-driven trading frenzy. More »

 

U.S. urban office market, stung by pandemic, hopes tech firms drive comeback

NEW YORK (Reuters) - The growing footprint in New York of major tech companies like Amazon.com Inc, Facebook Inc and Alphabet Inc's Google has given property owners and brokers hope that once the coronavirus has been conquered demand for office space will quickly return to pre-pandemic levels. More »

 

Bitcoin set for worst week since March as riskier assets sold off

LONDON (Reuters) - Bitcoin was headed on Friday for its worst week since March as a rout in global bond markets sent yields flying and sparked a sell-off in riskier assets. More »

 

U.S. regulators probe Robinhood over trading curbs

(Reuters) - Retail brokerage Robinhood said on Friday U.S. regulators were looking into its temporary trading curbs on so-called meme stocks earlier this year as shares of companies like GameStop Corp soared during a social media-fueled short-squeeze. More »

 

SoftBank reaches settlement with former WeWork CEO Neumann

(Reuters) - SoftBank Group Corp said on Friday it has reached a settlement with WeWork's special committee and the company's co-founder and former chief executive, Adam Neumann, putting to rest a legal battle dating back to 2019. More »

 

Congress has new appetite for breach law following SolarWinds hack: lawmaker

WASHINGTON (Reuters) - A senior Democratic lawmaker said there is a growing appetite for a new federal cybersecurity breach notification law in the wake of a sprawling series of digital intrusions blamed on the Russian government. More »

 

U.S. SEC suspends trading in 15 securities due to 'questionable' social media activity

WASHINGTON (Reuters) - The U.S. securities regulator on Friday suspended trading in the securities of 15 companies because of "questionable trading and social media activity," the latest in a string of temporary trading halts amid volatile trading in so-called "meme stocks." More »

 

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