Business News and FinanceVIEW IN APPKEY POINTS President Donald Trump on Friday told reporters he will act soon to ban Chinese-owned video app TikTok from the United States, NBC News reported.Trump made the comments while chatting with reporters on Air Force One during the flight back to Washington from Florida."As far as TikTok is concerned we're banning them from the United States," Trump said, calling the action a "severance."Trump did not specify whether he will act through an executive order, or another method. such as a designation, according to NBC News."Well, I have that...…Business News and FinanceVIEW IN APPKEY POINTS President Donald Trump on Friday told reporters he will act soon to ban Chinese-owned video app TikTok from the United States, NBC News reported.Trump made the comments while chatting with reporters on Air Force One during the flight back to Washington from Florida."As far as TikTok is concerned we're banning them from the United States," Trump said, calling the action a "severance."Trump did not specify whether he will act through an executive order, or another method. such as a designation, according to NBC News."Well, I have that...WW…

Key PointsPresident Donald Trump on Friday told reporters he will act soon to ban Chinese-owned video app TikTok from the United States, NBC News reported.Trump made the comments while chatting with reporters on Air Force One during the flight back to Washington from Florida."As far as TikTok is concerned we're banning them from the United States," Trump said, calling the action a "severance."Trump did not specify whether he will act through an executive order, or another method. such as a designation, according to NBC News."Well, I have that authority. I can do it with an executive order...…Key PointsPresident Donald Trump on Friday told reporters he will act soon to ban Chinese-owned video app TikTok from the United States, NBC News reported.Trump made the comments while chatting with reporters on Air Force One during the flight back to Washington from Florida."As far as TikTok is concerned we're banning them from the United States," Trump said, calling the action a "severance."Trump did not specify whether he will act through an executive order, or another method. such as a designation, according to NBC News."Well, I have that authority. I can do it with an executive order...WW…

Key PointsBill Gates steps down from Microsoft board that Bill Gates is leaving the board, effective Friday. Gates is also stepping down from his position on the board of ."I have made the decision to step down from both of the public boards on which I serve – Microsoft and Berkshire Hathaway – to dedicate more time to philanthropic priorities including global health and development, education, and my increasing engagement in tackling climate change," Gates . "The leadership at the Berkshire companies and Microsoft has never been stronger, so the time is right to take this step.""With...…Key PointsBill Gates steps down from Microsoft board that Bill Gates is leaving the board, effective Friday. Gates is also stepping down from his position on the board of ."I have made the decision to step down from both of the public boards on which I serve – Microsoft and Berkshire Hathaway – to dedicate more time to philanthropic priorities including global health and development, education, and my increasing engagement in tackling climate change," Gates . "The leadership at the Berkshire companies and Microsoft has never been stronger, so the time is right to take this step.""With...WW…

Key Points is in advanced talks to acquire speech-recognition company , a person familiar with the discussions told CNBC on Sunday. A transaction could be signed as early as Sunday and announced as soon as Monday, the person said.The plans illustrate Microsoft's recent efforts to expand through deals. Microsoft buying the U.S. operations of video-sharing app TikTok last year, and last month it the $7.5 billion acquisition of video game maker Zenimax.6 hours agoNuance would be more aligned with the part of Microsoft's business that serves businesses and governments. Nuance derives revenue by...…Key Points is in advanced talks to acquire speech-recognition company , a person familiar with the discussions told CNBC on Sunday. A transaction could be signed as early as Sunday and announced as soon as Monday, the person said.The plans illustrate Microsoft's recent efforts to expand through deals. Microsoft buying the U.S. operations of video-sharing app TikTok last year, and last month it the $7.5 billion acquisition of video game maker Zenimax.6 hours agoNuance would be more aligned with the part of Microsoft's business that serves businesses and governments. Nuance derives revenue by...WW…

Key PointsThe U.S. Army said Wednesday that has won a contract to build more than custom HoloLens augmented reality headsets. The contract for over 120,000 headsets could be worth up to $21.88 billion over 10 years, a Microsoft spokesperson told CNBC.Microsoft shares moved higher after the announcement. The stock was up 1.7% to $235.77 per share at the end of Wednesday's trading session.Microsoft strikes a deal with the U.S. Army for augmented reality headsetsThe deal shows Microsoft can generate meaningful revenue from a futuristic product resulting from years of research, beyond core...…Key PointsThe U.S. Army said Wednesday that has won a contract to build more than custom HoloLens augmented reality headsets. The contract for over 120,000 headsets could be worth up to $21.88 billion over 10 years, a Microsoft spokesperson told CNBC.Microsoft shares moved higher after the announcement. The stock was up 1.7% to $235.77 per share at the end of Wednesday's trading session.Microsoft strikes a deal with the U.S. Army for augmented reality headsetsThe deal shows Microsoft can generate meaningful revenue from a futuristic product resulting from years of research, beyond core...WW…

Key PointsIn this article Web Services chief Andy Jassy will take the CEO reins from Jeff Bezos later this year. So Jassy picked a person he trusts to as the head of the Amazon unit providing cloud tools for hosting websites and applications.Now it will be up to Adam Selipsky, who was Jassy's right-hand man up until a few years ago when he left to become CEO of Tableau Software, to build on Amazon's already impressive lead.AWS controlled 47% of the cloud infrastructure market in the first half of 2020, according to estimates from industry observer IDC, more than the next four providers put...…Key PointsIn this article Web Services chief Andy Jassy will take the CEO reins from Jeff Bezos later this year. So Jassy picked a person he trusts to as the head of the Amazon unit providing cloud tools for hosting websites and applications.Now it will be up to Adam Selipsky, who was Jassy's right-hand man up until a few years ago when he left to become CEO of Tableau Software, to build on Amazon's already impressive lead.AWS controlled 47% of the cloud infrastructure market in the first half of 2020, according to estimates from industry observer IDC, more than the next four providers put...WW…

Key Points on Friday said its political action committee won't contribute to upcoming campaigns for members of U.S. Congress who voted against confirming the Electoral College results of the 2020 presidential election. It will also change the name of its committee for backing political campaigns after against some contributions.The adjustments demonstrate how large technology companies are sometimes willing to change their practices following criticism from their own workers.The Microsoft Political Action Committee, known as MSPAC, will become the Microsoft Corporation Stakeholders...…Key Points on Friday said its political action committee won't contribute to upcoming campaigns for members of U.S. Congress who voted against confirming the Electoral College results of the 2020 presidential election. It will also change the name of its committee for backing political campaigns after against some contributions.The adjustments demonstrate how large technology companies are sometimes willing to change their practices following criticism from their own workers.The Microsoft Political Action Committee, known as MSPAC, will become the Microsoft Corporation Stakeholders...WW…

Key PointsIn this article and are entering a six-year deal that will make the tech giant responsible for much of the automaker's growing in-vehicle connectivity. Google will also provide cloud computing and other technology services.The partnership announced Monday is designed to streamline Ford's operations and accelerate an ongoing . It marks a major shift for the automaker, which has spent hundreds of millions of dollars annually in recent years to develop and maintain such systems.a day agoIt will also give Google a new marquee customer for its cloud computing technology, which lags...…Key PointsIn this article and are entering a six-year deal that will make the tech giant responsible for much of the automaker's growing in-vehicle connectivity. Google will also provide cloud computing and other technology services.The partnership announced Monday is designed to streamline Ford's operations and accelerate an ongoing . It marks a major shift for the automaker, which has spent hundreds of millions of dollars annually in recent years to develop and maintain such systems.a day agoIt will also give Google a new marquee customer for its cloud computing technology, which lags...WW…

Key PointsDatabricks, a start-up whose software helps companies quickly process large sets of data and get it ready for analysis, said Monday it has raised $1 billion in fresh cash, including from a few prominent corporate investors. Web Services, CapitalG venture arm and Ventures all joined in, according to a statement. , which invested in Databricks , is also participating in the new round, the .The transaction, which values Databricks at $28 billion, shows the top three U.S. cloud providers recognize that the company represents an opportunity similar to , another firm with cloud software...…Key PointsDatabricks, a start-up whose software helps companies quickly process large sets of data and get it ready for analysis, said Monday it has raised $1 billion in fresh cash, including from a few prominent corporate investors. Web Services, CapitalG venture arm and Ventures all joined in, according to a statement. , which invested in Databricks , is also participating in the new round, the .The transaction, which values Databricks at $28 billion, shows the top three U.S. cloud providers recognize that the company represents an opportunity similar to , another firm with cloud software...WW…

Google said Tuesday that it will rely on Coinbase to start letting some customers pay for cloud services with cryptocurrencies early in 2023, while Coinbase said it would draw on Google’s cloud infrastructure. The deal, announced at Google’s Cloud Next conference, might succeed in luring cutting-edge companies to Google in a fierce, fast-growing market, where Google’s top competitors do not currently permit clients to pay with digital currencies. The cloud business helps diversify Google parent Alphabet away from advertising, and it now accounts for 9% of revenue, up from less than 6%...…Google said Tuesday that it will rely on Coinbase to start letting some customers pay for cloud services with cryptocurrencies early in 2023, while Coinbase said it would draw on Google’s cloud infrastructure. The deal, announced at Google’s Cloud Next conference, might succeed in luring cutting-edge companies to Google in a fierce, fast-growing market, where Google’s top competitors do not currently permit clients to pay with digital currencies. The cloud business helps diversify Google parent Alphabet away from advertising, and it now accounts for 9% of revenue, up from less than 6%...WW…