tech

Virginia touts nation’s first contact tracing app with Apple-Google tech

FILE PHOTO: A 3D printed Google logo is placed on the Apple Macbook in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

OAKLAND, Calif. (Reuters) – Virginia on Wednesday launched the first contact tracing app for the novel coronavirus in the United States that uses new technology from Apple Inc and Alphabet Inc’s Google.

The state is betting that the app, COVIDWISE, can help it catch new cases faster, though long delays in getting test results must be overcome in order for it to be effective.

Phones with the app exchange Bluetooth signals to keep an anonymous list of close encounters. The app then allows people who catch the virus to notify those contacts without anyone revealing their identity.

“This is a way we can all work together to contain this virus,” Democratic Governor Ralph Northam said in a televised briefing. “No one is tracking you. None of your

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Big Tech surges as reports impress in coronavirus downturn

(Reuters) – Shares of Apple , Amazon and Facebook surged in extended trading on Thursday, with Alphabet also climbing, as quarterly reports from the Big Tech quartet added fuel to Wall Street’s four-month rally.

FILE PHOTO: The logos of Amazon, Apple, Facebook and Google are seen in a combination photo from Reuters files. REUTERS/File Photos/File Photo

With the four companies reporting on the same day for the first time ever, Apple, Amazon and Facebook each jumped 5% or more. Alphabet traded up about 0.5%.

Together, the four account for nearly a fifth of the S&P 500’s stock market value. Index funds tracking the S&P 500 and tech-heavy Nasdaq rose 0.8% and 1.6%, respectively, suggesting traders expect Wall Street to open sharply higher on Friday.

Deemed “stay-at-home” winners as millions of Americans were ordered indoors to contain the COVID-19 pandemic, shares of the largest U.S. technology companies have hit record highs

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Big Tech results move center stage after Congressional bruising

(Reuters) – Four of the United States’ big tech firms, accounting for nearly a fifth of the S&P 500’s total value, report results on Thursday on the heels of a bruising Congressional hearing to look into alleged abuse of their global dominance.

FILE PHOTO: The logos of Amazon, Apple, Facebook and Google are seen in a combination photo from Reuters files. REUTERS/File Photos/File Photo

It will be the first time Apple Inc, Amazon.com Inc, Alphabet Inc and Facebook Inc post financial results on the same day and investors wonder if they can deliver enough to extend a rally that has been central to Wall Street’s recovery since March.

Deemed “stay-at-home” winners as millions of Americans were ordered indoors to contain the COVID-19 pandemic, shares in the big tech players have scaled record highs at a time when the benchmark S&P 500 is up less than 1% on the year.

But

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At big tech hearing, non-denials speak louder than words

(Reuters) – At Wednesday’s hotly anticipated congressional hearing on Big Tech CEOs, much of what they said was predictable: We’re not that big; competition is fierce; consumers love us.

FILE PHOTO: Google CEO Sundar Pichai speaks via video conference before the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law on “Online Platforms and Market Power” in the Rayburn House Office Building on Capitol Hill in Washington, DC on July 29, 2020. Graeme Jennings/Pool via REUTERS/File Photo

What they didn’t say might be more interesting. Given the opportunity to dispute that they used their enormous power to outmaneuver smaller challengers, the tech titans repeatedly demurred.

“All of them indicated that they use their massive data advantages to peek into what their competitors or people who rely on their platforms are doing,” said Gene Kimmelman, an adviser with the Washington-based nonprofit Public Knowledge. “So while they didn’t really want to admit

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