TechCrunch Industry News

Are you tired of TechCrunch reporting on the daily stock market gyrations? Well, we’re tired of writing about them. And yet here we are, because stonks yet again did wild things that we have to talk about. Markets are still skittish about the effect the rapidly spreading novel coronavirus, COVID-19, will have on the economy. And the U.S. is still figuring out exactly how many people in the country have been infected by the virus, and how aggressively it may need to respond. So far, the U.S. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Bluecrew, a flexible staffing business owned by holding company IAC, is launching a new mobile app called Bluecrew Manager. Rather than relying on a network of independent contractors, Bluecrew hires its own W-2 employees, who in turn have the option to accept hourly jobs from Bluecrew customers. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Israeli AI chipmaker Hailo today announced that it has raised a $60 million Series B funding round led by its existing investors, who were joined by new strategic investor ABB Technology Ventures, the venture arm of the Swiss-based multination ABB, NEC Corporation and Londons’ Latitude Ventures. The new funding will help Hailo to roll out its Hailo-8 Deep Learning chip and to get into new markets and industries. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Just a few weeks back at CES, Google gave a sneak peak of a feature that would let your Android devices read entire web pages aloud to you — perfect for when you don’t have a hand free to scroll but still need to catch up on some text, or for when you just don’t feel like looking at your screen anymore. You’d say “Hey Google, read this page”, and they’d spin up Google Assistant’s neural networks to generate a pretty dang spot-on reading of it. Learn more about your ad choices. Visit podcastchoices.com/adchoices

On a day that saw the U.S. Federal Reserve try to flip the only switch it can to light up investor confidence, investors remained unconvinced of the short-term financial prospects of the U.S. and global economies. All three major indices saw red on Tuesday after a sharp Monday rally partially erased their historically bad week that came before. The see-saw of domestic equities continued for yet another day. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Apple agrees to settlement of up to $500 million from lawsuit alleging it throttled older phones Apple Inc. has agreed to pay a settlement of up to $500 million, following a lawsuit accusing the company of intentionally slowing down the performance of older phones to encourage customers to buy newer models or fresh batteries. The preliminary proposed class action lawsuit was disclosed Friday night and would see Apple pay consumers $25 per-phone, as reported by Reuters. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Both the Dow Jones Industrial Average and the Nasdaq have reversed course after a week of losses. The Dow was up 570.50 points to 25,979.86 and the Nasdaq was up 112.96 to 8680.33 near midday trading. The two major bellwethers of investor sentiment had a rough week last week as the spread of the novel coronavirus, COVID-19, and the response from governments that it engendered cut into supply chains and corporate earnings. Learn more about your ad choices. Visit podcastchoices.com/adchoices

What’s a Corvette? To me, the formula is simple: Loads of power in an affordable package that can hold two golf bags. For the past 62 years, that meant putting the engine in the front and a stick shift on the floor. And now it’s all different, and it’s the start of something great. For the first time, the Corvette’s engine is in the middle of the car resulting in a radical departure in tradition. Because of this placement, the Corvette drives differently. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The world is bracing for the seemingly inevitable proliferation of SARS-COV-12, also known as COVID-19 and coronavirus, which has already paralyzed cities and isolated millions. In the U.S., especially the nonstop work culture in startups, we tend to think we’re immune to such things and carry on business as usual. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Building a rocket is a big operation, even when you’re printing them from the ground up, like Relativity Space . The launch startup is graduating from its initial office, which is a bit cramped for assembling rockets, to a huge space in Long Beach where the company will go from prototype to first flight. Learn more about your ad choices. Visit podcastchoices.com/adchoices