The Week – Tech

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• This is 996 culture, a grueling 72-hour work week popular in China that's been criticized for ruining work-life balance Alibaba, a Chinese e-commerce giant, is one of many companies criticized for its grueling work culture. Thomas Peter/Reuters The 996 schedule compels employees to work from 9 a.m. to 9 p.m., six days a week. The schedule is widespread in China, especially among tech companies in China's Silicon Valley. Chinese workers have blasted the policy on social media for ruining their personal lives. See more stories on Insider's business page. The brutal work schedule known as the "996" has been…
• Training venue for pro, amateur athletes hosts grand opening in Westlake Village David Bakhtiari, offensive tackle for the Green Bay Packers, exercises at Proactive Fueled by Herbalife Nutrition, a new multi-sport elite training facility in Westlake Village. The 17,000 square foot venue offers professional, college and high school athletes personalized high-tech programs including physical conditioning, sports rehabilitation and nutrition regimes, Saturday, July 17, 2021. (Photo by Michael Owen Baker, contributing photographer) Proactive Sports Performance and Herbalife Nutrition have teamed up with a new, multi-sport elite training facility in Westlake Village. The 17,000…
• US stocks edge higher on blockbuster tech earnings, while Asian equities dip on concerns of tighter market regulation TIMOTHY A. CLARY/AFP via Getty Images US stock futures rose as investors focused on strong earnings instead of jobless claims. Strong results from Snap and Twitter appeared to offset fears of stricter tech regulation in China. Asian equities were hurt by Chinese regulators considering heavy penalties on Didi Global. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stock futures rose on Friday as investors focused on strong tech earnings, and shrugged off underwhelming economic…
• Florida’s COVID-19 surge continues, adds 73,199 cases in week The Department of Health reported 73,199 new coronavirus cases in the week ending Thursday -- up 60% from last week’s increase and more than three times the number of new cases seen just two weeks ago. The state is now averaging 10,457 new cases each day. Duval County’s cases went up 6,430 in a week -- the second-highest increase since the pandemic began. The largest per-capita increases in the past week were in Nassau, Baker and Duval counties. !function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else…
• US stocks climb as investors cheer stellar tech earnings Spencer Platt/Getty Images US stocks climbed Friday as investors digested the latest round of earnings from some of Wall Street's biggest tech names. Shares of Snap and Twitter soared in early morning trading after both blew past earnings estimates. Asian stocks sank after a report that Beijing wants listed tutoring companies to turn non-profit. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks gained on Friday as investors cheered a strong round of tech…
• AI in Insurance: How three forward-looking insurers are infusing AI into their front, middle, and back offices As the coronavirus pandemic continues to drive consumers online, the pressure for incumbent insurance companies to adopt digital technology is intensifying. Incumbent insurers have been pushed to accelerate their use of mature AI deployments over the past year to meet changing customer expectations and better compete with tech-centric firms. For context, consumers are now twice as likely to buy insurance from big tech firms, versus four years ago.Incumbent insurers have been pushed to accelerate their use of mature AI deployments.…
• US stocks close at record highs as investors cheer blockbuster earnings Xinhua/Wang Ying/ Getty Images US stocks finished the week at record highs after a blockbuster week of earnings. Shares of tech giants including Snap and Twitter soared after earnings came in above expectations. Bitcoin hovered just above $32,000, gold was little changed, and oil edged higher. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks finished the week strong with all three major indexes closing at records Friday as investors cheered blockbuster tech earnings…
• Tech stocks drive the market higher with mega-cap giants Apple and Amazon leading the way Spencer Platt/Getty Images US stocks traded higher on Thursday, driven by mega-cap tech giants Microsoft, Apple and Amazon. The gains came even as weekly jobless of 419,000 were higher than estimates of 350,000. The S&P 500 is now less than 1% below its record high of 4,393. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks edged higher on Thursday, driven by a more than 1% gain in mega-cap tech giants Microsoft, Apple, and…
• Big tech and medical campus in Campbell lands buyer CAMPBELL — A big technology and medical office park in Campbell has been bought by a veteran real estate company in a deal that indicates it sold for less than its prior price. Kennedy Wilson, a worldwide real estate investment company, has bought Vasona Technology Park, a seven-building complex near the corner of Winchester Boulevard and East Hacienda Avenue in Campbell that totals 314,300 square feet. Beverly Hills-based Kennedy Wilson, acting through an affiliate, paid $103.4 million for Vasona Technology…
• THE DIGITAL HEALTH ECOSYSTEM: The most important players, tech, and trends propelling the digital transformation of the $3.7 trillion healthcare industry Business Insider Intelligence This is a preview of a research report from Insider Intelligence, Insider's premium research service. Current subscribers can read the report here. Until now, healthcare was the only remaining industry that had yet to feel the rapid impact of digitization endured by retail, banking, and media. But consumer adoption of digital tech, regulatory overhauls, and a shifting reimbursement model are forcing healthcare players' hands. Business Insider Intelligence Digital health innovation offers market incumbents new opportunities to combat…