Monday, November 28

Tag: business

Microsoft Surface is nearly a $7 billion business after a decade
Business

Microsoft Surface is nearly a $7 billion business after a decade

Panos Panay, chief product officer of Microsoft Corp., displays the new Surface Laptop 3 computer during a Microsoft product event in New York on Oct. 2, 2019. Microsoft unveiled a dual-screen, foldable phone that will run on Google's Android operating system, jumping back into a market it exited years ago.Mark Kauzlarich | Bloomberg | Getty ImagesMicrosoft made a splash in 2012 when it introduced the Surface, the first computer it had built in its 37 years of existence. The computers are still kicking 10 years later, with Microsoft issuing annual updates, but Surface's mega-growth is long in the past.Microsoft tried to reimagine tablets, which are made popular by the iPad, when it launched into the PC market. In 2012, the Surface with Windows RT, later named Surface RT, was more than just...
Citgo 6: How the US government brought seven Americans home
Politics

Citgo 6: How the US government brought seven Americans home

CNN  —  On October 1, five of the so-called Citgo 6 were woken up early in their Venezuelan prison by a guard telling them to “get dressed up properly.” The men put on their yellow prison suits – “We called it our ‘Minion’ suit,” Jose Pereira said – before they were instructed by the head of the prison to instead change into civilian clothes. “We said, ‘Why?’ and he said, ‘Well, because you’re going home,’” Pereira recounted to CNN. The day would mark the end to the “nightmare” that began nearly five years prior, when the six oil executives were lured to Venezuela for what they were told would be a business meeting right before Thanksgiving 2017. In addition to securing the ...
Malaysia’s 15th general election, explained: Floods, climate change and years of political instability
Politics

Malaysia’s 15th general election, explained: Floods, climate change and years of political instability

CNN  —  Malaysians will head to the polls on Saturday to vote for a new government following years of political turmoil. Three prime ministers have governed the Southeast Asian country since a febrile election with a record turnout was fought four years ago on the key issue of corruption. This time around, the economy – and the rising cost of living – is likely to be the key battleground. Meanwhile, climate change has become a potential disruptor following weeks of torrential downpours and flooding that has hindered campaigning across roughly half of the country. More heavy rain is predicted on polling day and could reduce voter turnout, but officials say the election will go on – rain ...
Gaming

Sonic Co-Creator Yuji Naka Arrested Over Dragon Quest Game

Over the past 24 hours a number of people in Japan—including a Square Enix employee—have been arrested on insider trading charges related to a Dragon Quest game announcement. Legendary Sega designer Yuji Naka is reportedly among them.The scandal centers around a studio called Aiming, which in 2020 was announced as the developer of a new Dragon Quest game, called Tact. Last night, it was first alleged that 38-year-old Square Enix employee Taisuke Sazaki, who has worked on Final Fantasy and Kingdom Hearts games, knew of the deal before it was publicly announced, and along with a friend purchased a ton of shares in Aiming, hoping to profit when their share price (presumably) went up.Naka, 57, who is credited as one of the main creators of Sonic the Hedgehog and who has also worked on everythi...
Opinion: Inflation has driven US politics before
Politics

Opinion: Inflation has driven US politics before

Editor’s Note: Meg Jacobs teaches history at Princeton University. Follow her on Twitter @MegJacobs100. The opinions expressed in this commentary are hers. Read more opinion on CNN. CNN  —  President Joe Biden stands accused of playing politics with petroleum. His opponents say the reason he is releasing millions of barrels of oil from the Strategic Petroleum Reserve is to bring prices at the pump down before the midterm elections. They might be right. As public opinion polls reveal, the economy appears to be the top issue for voters. As we approach the midterms, more and more candidates, especially in the GOP, are running on anti-inflati...
Brands have fled Kanye. What about his music career?
Business

Brands have fled Kanye. What about his music career?

New York CNN Business  —  Ye — formerly known as Kanye West — has lost partnerships with fashion brands including Gap, Balenciaga and Adidas following his antisemitic comments in recent weeks. Now, questions remain about the business that helped propel Ye onto the fashion scene in the first place: Music. Since 2004’s “The College Dropout” — his critically acclaimed and commercially successful debut album — Ye has been one of the most popular and notable artists in the world. He has had countless hits and 10 number-one albums, according to Billboard. But all of that could be at risk due to the performer’s recent behavior and comments. Over the past month, Ye has garnered an intense backla...
Gaming

30 Million People Were Using Steam Today, A New All-Time Record

Image: SteamDBValve’s Steam platform launched all the way back in 2003, and for much of that time saw slow and steady growth as it grew from a place you could buy Half-Life games to the PC’s default gaming marketplace. What has happened over the last two years, though, has been incredible.In 2015, Steam set a record for concurrent users—the number of people logged into the service—at 10 million people. That was 12 years after the service launched.In 2017, we reported that Steam had set a new record, this time at 14 million. Not bad growth for just two years. In March 2020, that record had blown out to 20 million. March 2020 is an important point in this timeline; for most countries this is when the pandemic really kicked off, lockdowns began, and a lot more people started spending a lot m...
AMC Entertainment stock falls to 52-week low
Entertainment

AMC Entertainment stock falls to 52-week low

The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014.Richard Levine | Corbis News | Getty ImagesAMC Entertainment hit a new 52-week low Wednesday as the movie theater company contends with a massive debt load, dilution of its stock and a film release schedule short on blockbusters.Shares of the world's largest movie theater company have fallen about 80% to under $6 so far this year, as investors question the company's capital structure and overall business strategy.The company came back from the brink of bankruptcy in 2021 thanks to millions of retail investors who turned its shares into a meme stock. Since then, AMC has devised several plans to raise more capital to pay down its debts and invest in acquisitions, theater upgrades, a popcorn business and even a g...
Beyoncé denies claim she misused ‘I’m Too Sexy’ sample
Entertainment

Beyoncé denies claim she misused ‘I’m Too Sexy’ sample

CNN  —  Someone’s a “Beautiful Liar,” according to Queen Bey. Genre-crossing superstar Beyoncé has denied allegations that she misused a sample of Right Said Fred’s “I’m Too Sexy” on her newest album. The Grammy-winning singer-songwriter’s seventh album, “Renaissance,” was released to critical acclaim in July and samples iconic house and disco artists. One song, “Alien Superstar,” features a riff similar to the 1991 British pop band Right Said Fred’s hit “I’m Too Sexy.” Whereas Right Said Fred sang, “I’m too sexy for my shirt,” Beyoncé sings, “I’m too classy for this world” and “I’m too classy to be touched.” The two Fairbrass brothers who make up Right Said Fred are credited as songwriters. ...