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 Source: reuters.com Toyota to cut global production plan by 100,000 in June May 23, 20228:53 PM GMT-5Last Updated a few seconds ago 1-2 minutes A car is pictured at the Toyota assembly plant in Zarate, on the outskirts of Buenos Aires, Argentina March 15, 2021. REUTERS/Agustin Marcarian/File Photo TOKYO, May 24 (Reuters) - Toyota Motor Corp (7203.T) will cut its global production plan by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage, it said on Tuesday. The company did not change its estimate of producing about 9.7 million vehicles worldwide by March 2023. The automaker also announced additional domestic factory line suspension due to supply shortage triggered by COVID-19 lockdown in Shanghai. The additional suspension will be up to five days between Wednesday and June 3, affecting 16 lines at 10 factories for May and June in total. It is planning to produce about 850,0

 Source: reuters.com Sony readies for metaverse revolution with cross-platform push May 18, 202212:20 AM GMT-5Last Updated 12 hours ago 3-4 minutes A view of the Sony booth during the 2020 CES in Las Vegas, Nevada, U.S. January 8, 2020. REUTERS/Steve Marcus/Files TOKYO, May 18 (Reuters) - Japanese conglomerate Sony Group Corp (6758.T) said it is well-positioned to play a leading role in the metaverse, or immersive virtual worlds, which commentators speculate will massively disrupt industries and establish new powerhouses. The metaverse is a vague term encapsulating the idea that consumers will spend more time in online simulated environments. While the concept is evolving, it has become a buzzword in briefings and a driver of industry dealmaking. "The metaverse is at the same time a social space and live network space where games, music, movies and anime intersect," Chief Executive Kenichiro Yoshida

 Source: marketwatch.com Technology - MarketWatch by WSJ Video 18-22 minutes GO TO VIDEO 5G Service Launches Amid Flight-Safety Uncertainty   Airlines canceled some flights before a new 5G wireless service rolled out, even after Verizon and AT&T agreed to limit the signal around U.S. airports. The FAA says the service could affect airplane safety systems, a clai... Jan. 19, 2022 at 2:20 p.m. ET by WSJ Video   READ FULL STORY

Source: bloomberg.com Yakob Peterseil 2 minutes An investment company co-founded by Bitcoin billionaire Mike Novogratz announced it will invest $100 million in crypto-related venture funds over the next two years. Cryptology Asset Group, a Malta-based firm with 450 million euros ($548 million) in assets, intends to focus on first-time funds and emerging managers with stakes in crypto-related companies or digital assets, according to a statement on Thursday. A publicly traded holding company for blockchain-related assets in Europe, Cryptology’s portfolio includes startups such as Block.one, Northern Data and Iconic Funds. “We are at the very beginning of the crypto revolution, and we strive to become one of the leading global investors in this very nascent asset class,” co-founder Christian Angermayer said in the release. Novogratz is chief executive office

4minutes - Source: BBC Image copyright Getty Images Tesla has reopened its only US electric car plant in California, despite local orders against manufacturing. On Monday, the company's chief executive Elon Musk tweeted that production had restarted and he would be "on the line with everyone else". US states and local governments are trying to determine the best way to open up after lockdown. Mr Musk previously vowed to move the firm's headquarters out of California if the plant was not allowed to reopen. He has been vocal about the lockdown orders in recent weeks. Mr Musk recently celebrated plans to relax restrictions across the country, writing on Twitter: "FREE AMERICA NOW". He has also dismissed as "dumb" concerns abo

By Mark Gurman , Debby Wu , and Ian King 7-8 minutes - Source: Bloomberg An MacBook Pro in an Apple retail store. Photographer: Alex Tai/SOPA Images/LightRocket via Getty Images Apple Inc. is planning to start selling Mac computers with its own main processors by next year, relying on designs that helped popularize the iPhone and iPad, according to people familiar with the matter. The Cupertino, California-based technology giant is working on three of its own Mac processors, known as systems-on-a-chip, based on the A14 processor in the next iPhone . The first of these will be much faster than the processors in the iPhone and iPad, the people said. Apple is preparing to release at least one Mac with

By Brad Stone 7-8 minutes - Source: Bloomberg Photographer: Michael Nagle/Bloomberg Wall Street analysts are rushing to name companies that could benefit from the Covid-19 outbreak and the resulting economic downturn. Research firm MKM Partners put together a basket of  “stay at home” stocks  that includes Slack Technologies Inc. ( up 13% last week) and the once-wobbly exercise equipment maker Peloton Interactive Inc. ( up 17%). Jefferies analysts have  blessed companies  with “strong balance sheets,” and decreed cash-rich Facebook (down 12%) and Google (down 12%) well-positioned for opportunistic acquisitions and stock buybacks.

By Natasha Singer and Mike Isaac 6-8 minutes - Source: NYT Technology |Facebook to Pay $550 Million to Settle Facial Recognition Suit It was another black mark on the privacy record of the social network, which also reported its quarterly earnings. A class-action lawsuit accused Facebook of violating an Illinois privacy law. Credit...Jason Henry for The New York Times Facebook said on Wednesday that it had agreed to pay $550 million to settle a class-action lawsuit over its use of facial recognition technology in Illinois, giving privacy groups a major victory that again raised questions about the social network’s data-mining practices. The case stemmed from Facebook’s photo-labeling service, Tag Suggestions , which uses face-matching software to suggest the names of people in users’ photos. The suit said the Silicon Valley company violated an Illinois biometric privacy law by harvesting facial data for Tag Suggestions from the photos of mi

By Natalie Obiko Pearson 3minutes - Source: Bloomberg Hive Blockchain Technologies Ltd. was an overnight stock sensation when it became the first cryptominer in the world to trade publicly. Two years later, abandoned by the last analyst covering it, Hive joins the list of flame-outs on Canada’s junior stock exchange. PI Financial dropped coverage of the Vancouver-based cryptominer because the company “no longer meets our coverage criteria,“ analyst David Kwan said in an email. The stock closed Tuesday at 12.5 cents in Toronto, a far cry from its 2017 intraday peak of C $6.77 . Hive’s opening on the TSX Venture Exchange in September 2017 was one of the most spectacular debuts in Canada, offering investors a way to tap into a cryptocurrency fervor sparked by Bitcoin’s bull run. Its share price tripled on the

By Pavel Alpeyev and Yuki Furukawa 5-6 minutes Photographer: Qilai Shen/Bloomberg Among the thousands of companies that supply the Chinese communications giant Huawei Technologies Co. is a virtually unknown Japanese company called Taiyo Yuden Co. When President Donald Trump targeted Huawei on May 16, the company’s stock plunged as much as 10%, wiping out the gains from record earnings and a share buyback just days earlier. Chief Executive Officer Shoichi Tosaka isn’t happy about this: He contends investors got it wrong. In an interview in Tokyo, he explained that Taiyo Yuden gets less than 10% of sales from Huawei and his company will be able to replace any lost revenue easily because of chronic shortages. Demand for it

By Jenny Leonard and Nick Wadhams 5-7 minutes The U.S. is considering cutting off the flow of vital American technology to as many as five Chinese companies including Hangzhou Hikvision Digital Technology Co. , widening the dragnet beyond Huawei to include world leaders in video surveillance. The U.S. is deliberating whether to add Hikvision, Zhejiang Dahua Technology Co. and several unidentified others to a blacklist that bars them from U.S. components or software, people familiar with the matter said. The Trump administration is concerned about their role in helping Beijing repress minority Uighurs in China’s west, they said, asking not to be identified talking about private deliberations. There’s concern also that Hikvision’s or Dahua’s cameras, which come with facial recognition capabilities, could