STMicro profit rises, confirms outlook

STMicroelectronics NV (STM.FR) said Wednesday that third-quarter revenue and profit rose sharply, with the company performing above expectations on the back of strong sales growth in its imaging, power-discrete and automotive product lines. The European chip maker said net income rose 57% year-on-year to $369 million with an operating margin of 16% for the third quarter. Net revenue was up […]

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Amazon Pitched Its Controversial Facial Recognition Tech To ICE, Emails Show

Amazon pushed Immigration and Customs Enforcement officials in June to purchase and use its controversial facial recognition technology, according to Amazon Web Services emails obtained by a government watchdog. Documents turned over in a Freedom of Information Act request by the Project On Government Oversight show Amazon’s technology subsidiary offered up its real-time “Rekognition” video analytics software to aid ICE’s Homeland Security Investigations.  Amazon touts […]

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Amazon, Illumina among Wall Street analysts' favorite stocks to buy on this market dip

The Dow Jones Industrial Average and S&P 500 fell more than 4 percent last week despite strong gains on Friday. The Nasdaq dropped nearly 3.75 percent for the week. Stocks also fell on Wednesday. All the stocks covered have fallen recently, providing compelling entry points for investors to take on new stakes or add to existing positions. With the fourth […]

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