technology

A day after their leaders faced five hours of interrogation in Congress over allegations their power and influence is out of control, four of the biggest American tech companies saw their combined market value swell by $250 billion thanks to earnings that shocked even Wall Street. Shares of Amazon.com Inc., Facebook Inc., Apple Inc. and …

Amazon CEO Jeff Bezos told a congressional antitrust hearing on Wednesday that he was unsure if his company had used the data of third-party sellers to inform Amazon’s business decisions, in violation of its own policies. Bezos made the admission during questioning by Representative Pramila Jayapal (D., Wash.), whose district in Seattle is home to …

The net worth of Kodak’s top executive has skyrocketed on the company’s transformation from an ailing camera maker to cutting-edge pharmaceutical start-up — thanks in part to some timely share purchases. James Continenza, Kodak’s executive chairman and de facto CEO, was sitting pretty as the company’s largest individual shareholder — with 650,000 shares  — when …

Senator Josh Hawley on Tuesday introduced a bill aimed at cracking down on the targeted advertising practices of major tech companies, saying the extent of the companies’ “surveillance and power” to collect user data has outpaced protections for users. The Missouri Republican’s proposal, the Behavioral Advertising Decisions Are Downgrading Services (BAD ADS) Act, would eliminate the immunity …

Facebook chief executive officer Mark Zuckerberg plans to defend the company in a hearing before the House antitrust subcommittee by arguing that hampering American technological innovation only aids China, a new report says. Congressional investigators have reviewed thousands of internal Facebook documents to piece together the company’s motivation for acquiring Instagram and WhatsApp and to …

A gang of Russian hackers may be behind the cyberattack that disabled Garmin’s fitness-tracking services for several days, reports say. The attackers reportedly crippled the smartwatch maker’s Garmin Connect service last week with malicious software tied to Evil Corp., a Moscow-based hacker group run by alleged cybercriminal Maksim Yakubets. Evil Corp. runs the WastedLocker ransomware …

The Justice Department on Tuesday indicted two Chinese nationals who are suspected of hacking numerous U.S. firms to steal trade secrets and coronavirus research. The Trump administration warned in May that China was attempting to steal or set back American research on a coronavirus vaccine. The new indictment alleges that one of the two suspects …

He’s the Man of Steel-ing hearts. Actor Henry Cavill, known for playing Superman, seductively assembled a computer by hand while wearing a muscle-bearing tank top and the internet couldn’t get enough. The 37-year-old heartthrob showed off his technical skills, not to mention his broad shoulders, sculpted biceps, and chiseled jawline, as he built a new …

Biotech company Moderna announced on Tuesday that a potential coronavirus vaccine has produced a “robust” immune response in all patients participating in early vaccine trials. The trials centered on three groups of 45 patients, each of whom received the trial vaccine. While preliminary data from the trials was released in May, those results have now …

Japanese electronics giant NEC Corp. has rolled out technology at its Tokyo headquarters that can recognize employees’ faces even when they’re wearing masks. NEC is reportedly using the advanced facial recognition system in an experiment it started Monday that aims to reduce the amount of touching in its offices and stem the spread of the …