Dozens of Microsoft employees have signed a letter protesting the company’s $480 million contract to supply the U.S. Army with augmented reality headsets intended for use on the battlefield. Under the terms of the deal, the headsets, which place holographic images into the wearer’s field of vision, would be adapted to “increase lethality” by “enhancing
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Dropbox stock rose slightly and then fell more as much as 3 percent after the tech company reported better-than-expected fourth-quarter earnings on Thursday. Here’s how the company did: Earnings: 10 cents per share, excluding certain items, vs. 8 cents per share as expected by analysts, according to Refinitiv. Revenue: $375.9 million, vs. $370 million as
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JPMorgan Chase is tearing down walls and moving its San Francisco investment bankers onto “hot desks,” a space-saving layout that has long been a fixture at tech companies, while redesigning offices in Dallas and other cities. Shared workspaces have been relatively slow to catch on at banks, but JPMorgan is following recent renovations by some
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Kraft Heinz is feeling the squeeze as the brand falls behind food consumption trends and faces other mounting struggles, Wolfe Research analyst Scott Mushkin told CNBC on Friday. Management is catching heat from its connection to cost-cutting private-equity giant 3G Capital, but the food and beverage giant’s revamp of products such as Oscar Mayer is
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Driving into uncertainty.Celso Pupo Rodrigues, FreeImages.com Households who want to pay retirement expenses from an investment portfolio turn to spending rules like the 4% Rule, fixed percentage rule, or IRS Required Minimum Distribution (RMD) rules, to estimate how much they can spend each year. Retirees hope these rules will offer both a high probability of
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