The Federal Reserve has told banks to accept additional funding costs of as much as $2 billion annually as it introduces a rule to protect the financial system. The rule for total loss-absorbing capacity aims […]
Only seven hours after its debut, Nintendo’s “Super Mario Run” has shot to the top of the charts for iOS downloads. And though it’s free to download, the game’s $10 purchase model to unlock all […]
Amino Apps, a startup aiming to reinvent online forums for the mobile world, has raised $19.2 million in Series B funding. The New York City-based company started out by building individual apps focused on topics like anime […]
Despite the ferocity of its battle against rival ride-hailing startup Ola, Uber expects its business in India to start producing a profit soon. Uber has focused on India as its most important Asian market since […]
Google’s self-driving car program is becoming an independent company called Waymo. It will sit under the Alphabet umbrella and signals a drive by the company to monetize the extensive research conducted within the project. Google […]
Oculus (NASDAQ:FB) said it’s creating two divisions – one focused on mobile, the other on PCs – and that CEO Brendan Iribe is stepping down to run the latter. Jon Thomason, who joined Oculus this […]
Optimism at Japanese companies is on the rise for the first time in 18 months, thanks to a rebound in exports on a weakened yen. The election of Donald Trump brought a big slide in […]
Combined with individual announcement of availability in India, Amazon, as generally anticipated, extends its Prime Video offering into over 200 countries and territories globally (China excluded). Availability of the service is automatically bundled with Prime and of […]
Hollywood continues to spend big on virtual reality: Culver City, Calif.-based virtual reality startup Survios has raised a new Series C round of funding led by Metro-Goldwyn-Mayer. Survios is best known for virtual reality games like […]
Lucid Motors, a Silicon Valley electric car startup with Chinese backers including LeEco and Tsing Capital, plans to roll out a production version of a luxury sedan to compete with the Tesla Model S. Lucid […]
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