Stitch Fix shares soar as sales top estimates, styling service raises full-year outlook

Stitch Fix shares soared after the online shopping and styling service reported a narrower-than-expected loss in its fiscal third-quarter. Sales topped analysts' estimates, driven by consumers refreshing their wardrobes and looking for styles in new sizes. Stitch Fix raised its revenue outlook for the full year, after previously lowering it due to the uncertainty stemming […]

Facebook races to remove anti-vaccine profile picture frames

Despite a policy banning anti-vaccine messaging on its platform, as of Friday afternoon, Facebook continued to host frames with such claims that users can overlay on top of their profile pictures. After CNBC reached out for comment about one such frame claiming, "my immune system works better than the" followed by a graphic of a […]

Facebook, YouTube, Twitter execs grilled by senators over addictive nature of their apps

Executives from Facebook, Twitter and Google-owned YouTube testified before Congress Tuesday about the ways their algorithms influence users and sometimes serve harmful misinformation. The hearing before the Senate Judiciary subcommittee on privacy and technology highlighted a key feature of the social media platforms that has amplified some of the most serious harms lawmakers have been […]

White House set to host Google, Intel CEOs to discuss computer chip supply chain

Chief executives from companies including Google parent Alphabet, AT&T, Intel and General Motors are set to participate in a White House virtual summit on Monday addressing the global semiconductor shortage. The shortage of computer chips has implications for a range of industries, from producers of electric vehicles to medical supplies. President Joe Biden signed an […]

Google urges U.S. to work with the EU on trade as enforcers abroad pursue regulations

Google urged the Biden administration to join a technology and trade council with the European Union as enforcers abroad pursue more robust regulation of the industry. Karan Bhatia, Google's vice president of government affairs and policy, warned in a blog post Friday that the technology trade relationship between the two governments "is fraying." He urged […]

J&J Covid vaccine distribution in poor, Black communities raises race questions

J&J's vaccine is a highly effective shot, especially against severe illness and death, but it's perceived by some Americans as inferior to Pfizer's and Moderna's. Sending J&J's vaccine to poorer zip codes in big cities and rural communities risks allegations of discrimination, health experts say. State and local health officials must clearly communicate the benefits […]