Market Watch

Twitter owner Elon Musk proposed charging $100 a month for access to Twitter’s API. Elon Musk proposed charging $100 a month for access to Twitter’s API. He said the $100 fee along with ID verification for Twitter’s API would clean up "bad" bots. Free API was being "abused badly" by bot scammers, Musk tweeted. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . Elon Musk on Thursday suggested charging $100 a month for access to Twitter’s application program interface (API). In a tweet , Musk said free API was being "abused badly" by "bot scammers & opinion manipulators." It was easy for 100,000 bots "to do bad things" when there was no cost or verification process in place for API access, he said. "Just ~$100/month for API access with ID verification will clean things up greatly," Musk added. His proposal […]

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Inside an Amazon Fresh store. Amazon said Thursday that it will close certain Amazon Fresh and Amazon Go stores. It also said it would cut jobs across this area of the business. Critics say the focus on tech rather than retail experience in stores is putting off shoppers. Top editors give you the stories you want — delivered right to your inbox each weekday. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . Amazon said Thursday that it plans to close a number of Amazon Fresh grocery and Amazon Go convenience stores and pause new openings. The announcement, which was made during its fourth-quarter earnings call, came just weeks after the e-commerce giant said it will cut 18,000 jobs in certain areas of the business. Amazon confirmed earlier this week that these cuts would impact jobs across its grocery arm, including employees that work on the tech and design of these stores. The two announcements cast doubt over […]

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Police at the scene after the steering wheel fell of a brand new Tesla. Prerak Patel said his Tesla steering wheel fell of while he was driving down a New Jersey highway. The driver said he’d received the Model Y just five days prior to the incident. Patel said he was told a bolt was missing from the steering wheel connection. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . Just five days after it was delivered, the steering wheel fell of a brand new Tesla Model Y. Prerak Patel, the car’s owner, was driving down a highway near Woodbridge Mall in New Jersey with his wife and kids when the incident occurred. "I was driving a normal speed in the left lane when all of the sudden I had this loose wheel in my hand," Patel told Insider. "By […]

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While traditionally viewed as a hardware company, Apple has made major strides to expand its services business over the past few years. The reason behind the services push is quite obvious: as smartphones, tablets and other devices have matured and breakthrough innovations have become few and far between, replacement cycles have gotten longer, making it harder and harder for a company like Apple to keep growing or even maintaining revenue at its incredibly high level. Enter services, which provide Apple with a steady stream of recurring (and presumably high-margin) revenue, which, considering Apple‘s immense installed base of more than two billion active devices, was just too good an opportunity to pass on. Moreover, Apple‘s services are tightly integrated with its hardware, meaning they help with customer lock-in, i.e. binding users to the company’s ecosystem. The fact that customers can now do pretty much anything within Apple’s (in)famous „walled garden“ makes them even less likely to buy non-Apple devices when they‘re in the market for a new smartphone, laptop, tablet or smartwatch. Considering that Apple is still thought of as a hardware company and that it’s products grab most of the headlines, it’s easy to underestimate the size of Apple’s […]

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Microsoft has paused planning its 90-acre campus on the Westside of Atlanta, the company confirmed this week. The decision is part of companywide changes in business priorities to cut costs amid worsening economic conditions, which Microsoft Corp. (Nasdaq: MSFT) announced in January . Microsoft is cutting 5% of its overall workforce, or around 10,000 employees, along with reevaluating its global real estate footprint. Microsoft is not selling the land and intends to re-engage in planning efforts if expansion is warranted, a company spokesperson said. Vendors were notified of the decision this week. Bisnow was first to report the news. Microsoft announced it was planning a 90-acre expansion to Grove Park in early 2021, where it intended to build its next corporate campus that could house around 15,000 employees. The company was engaged with the neighborhood from the start of the process and decided to set aside 25% of the land for community needs, including affordable housing, a grocery store, pharmacy and resources for job training opportunities. The site is next to the Bankhead MARTA station. An aerial view of Microsoft’s campus footprint. Microsoft The deal was monumental for Atlanta, which had become a home for the southeastern hubs for […]

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CORPUS CHRISTI, TX – The City of Corpus Christi contracts with businesses of all sizes and purchases a wide range of goods and services to get important work done for the community. Businesses are encouraged to learn more about how to work with the City by attending Doing Business With the City 101. The event will be held on Thursday, February 9, from 2:00 p.m. to 4:00 p.m. at the American Bank Center. Officials from the Finance & Procurement Department of the City of Corpus Christi will explain the procurement policy, the registration process, the supplier portal, and the online bidding system used to obtain bids, request for qualifications, and request for proposals. Registration is FREE. Participants will learn more about what the City buys, different types of bids, the online bidding process, and where to go for assistance. Representatives from various City departments will attend to discuss their unique business needs and upcoming procurement opportunities. After the presentation, attendees will have the opportunity to meet staff from: Parks & Recreation Asset Management – Facilities & Fleet Engineering Neighborhood Services – Code Enforcement Fire Department Participants are asked to register at https://cctx.info/3j8gDfu . Spaces are limited and will be […]

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Branded with the name of a transformative leader, Purdue’s reimagined School of Business launches into an exciting future WEST LAFAYETTE, Ind. – Purdue’s next big move in a decadelong series of major strategic investments will honor a celebrated president who led transformative change during his tenure, as plans for the state-of-the-art Mitchell E. Daniels, Jr. School of Business were approved Friday (Feb. 3) by the university’s Board of Trustees. The reimagined Daniels School will prepare tomorrow’s leaders and entrepreneurs, grounding them in the hallmarks of a Purdue education, including STEM disciplines and business analytics. “To be associated with any aspect of Purdue’s academic enterprise is an inestimable honor, but this one in particular touches me deeply,” said Daniels, Purdue’s 12th president, who retired from the role in December. “Practiced with integrity, business careers are the noblest of life choices; they create new jobs and wealth for others and bring into being the resources which the public and nonprofit sectors take to pursue their goals. This modernized School of Business will send out its graduates armed with a sense of mission and the tools to fulfill that mission in the most complex of enterprises.” This announcement marks the first time […]

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AD Loading advertisement… 00:00 / 05:51 This article is in your queue. Businesses have long relied on insurance to cover losses from unexpected disruptions. But they have faced an uphill battle in trying to get carriers to pay out on one of the biggest ever: pandemic shutdowns. Insurers that sold “business interruption” coverage have denied claims by companies that suffered through lockdowns or other fallout of the Covid-19 pandemic, and many courts have shot down subsequent lawsuits. The presence of virus wasn’t enough to trigger the policies, which generally require some kind of physical damage to property, the courts say. Businesses, however, continue to litigate in hopes of a payout. “What has happened to the policyholders throughout the nation has been fundamentally unfair,” said Robin Cohen, chair of the law firm Cohen Ziffer Frenchman & McKenna. She aims to convince New York’s highest court that insurance companies have tried to get out of what they owe her client, Consolidated Restaurant Operations Inc., which runs dozens of restaurants and employs more than 3,200 people. Robin Cohen, chair of Cohen Ziffer Frenchman & McKenna. Photo: Gittings “They took in these premiums and they assumed the risk,” she said of the insurers. […]

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The recent visit of United States President Joe Biden and Canadian Prime Minister Justin Trudeau to Mexico in January 2023 for the North American Leaders Summit underlined how critical Mexico-specific safety considerations have become for the region at large. Not only was it ranked among the key issues to discuss, but the three leaders appeared to agree that enhanced multilateral cooperation to address border security and drug trafficking is needed. If value chains are to be fully integrated and North America is to become the manufacturing powerhouse of next-generation products, there is no question that questions involving safety need to improve at a macro level in Mexico and, even more critically, investors need to gain a strategic edge in analyzing and reacting to micro level security conditions prevailing in the areas where they operate. With improved conditions and enhanced intelligence, much-needed cross-border investments can thrive. 1 This issue brief analyzes a number of relevant security criteria that should be addressed while doing business in Mexico. As such, it proposes to move beyond the presentation of official statistics and present the criteria for a richer assessment that considers specific location, industry sector, as well as the population and the private […]

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The first Black Entrepreneurs Day was held at the Minnesota State Capitol Friday. Black business owners filled the Capitol rotunda Friday morning to lobby lawmakers for more resources. New to the Capitol this year, production company owner Sheletta Brundidge organized the first Black Entrepreneurs Day event to help around 250 Black business owners connect directly with their representatives. "I didn’t realize that there were no active lobbyists or advocates for Black business owners at the Capitol,” Brundidge said. “We need to know what the budget surplus is and when they are going to make decisions, if we don’t know about stuff until it is already in the paper then it is too late." Black Entrepreneurs Day event organizer Sheletta Brundidge addresses a crowd of 250 Black business owners at the Capitol on Friday Feb. 3, 2023 Brundidge said Black-owned businesses struggled during the height of the pandemic, and now the state can help with some of its $17 billion budget surplus. “We know what our needs are,” Brundidge said. “It is so important that we continue to do events like this.” Gov. Tim Walz spoke at the event and addressed the state’s long history of deep racial economic disparities. […]

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