Institutional investors are taking up massive short positions in the S&P 500 Index, a sign that the latest relief rally is unsustainable, according to Bank of America. The S&P 500 Index closed above 3,000 on Wednesday for the first time since early March. Despite Bank of America’s bearish call, its CEO believes the U.S. economy…
Some big M&A is afoot in Israel in the world of smart transportation. According to multiple reports and sources that have contacted TechCrunch, chip giant Intel is in the final stages of a deal to acquire Moovit, a startup that applies AI and big data analytics to track traffic and provide transit recommendations to some…
Automatic, makers of a connected car dongle, emailed customers today to announce that the company will shut down all operations May 28. The company says it’s the casualty of the COVID-19 shutdown. “Like many other companies in the United States, the COVID-19 pandemic has adversely impacted our business,” it writes, “and we have made the…
Josh Nadeau is a Canadian journalist based in St. Petersburg who covers the intersection of Russia, technology and culture. He has written for The Economist, Atlas Obscura and The Outline. More posts by this contributor Starlink, the satellite branch of Elon Musk’s SpaceX company, has come under fire in recent months from astronomers over concerns…
Since the advent of blockchain technology, it has impacted various industries in a great way. This technology has completely transformed the way enterprises enact on data and how business processes are carried out. Companies are spending a lot of money on research and development, exploring different ways blockchain can increase efficiency and lower production costs.…
Stocks of Microsoft, Intel and Amazon record fresh all-time highs after crushing Wall Street earnings estimates. The heavy volume surge that accompanied the rally may indicate a blow-off top. If my read is correct, we could see a wider and deeper correction for the stock market. Last week, many tech stocks jumped in value after…
A year ago, we asked some of the most prominent smart home device makers if they have given customer data to governments. The results were mixed. The big three smart home device makers — Amazon, Facebook and Google (which includes Nest) — all disclosed in their transparency reports if and when governments demand customer data.…
If you just bought a smart TV on Black Friday or plan to buy one for Cyber Monday tomorrow, the FBI wants you to know a few things. Smart TVs are like regular television sets but with an internet connection. With the advent and growth of Netflix, Hulu and other streaming services, most saw internet-connected…
Hey everyone. Thank you for welcoming me into you inbox yet again. Last week was a short one, but I talked about the merger of a couple of the worst adtech companies in the world. If you’re reading this on the TechCrunch site, you can get this in your inbox here, and follow my tweets…
Ikea’s smart home investments to date have been smart but scattered – now the Swedish home goods brand says it’s going to amp up its smart home bets with a brand new dedicated business unit. The company’s smart home endeavors began in 2012, and focused on wireless charging and smart lighting. It’s iterated in both…
