Techlife News #487

Read the most relevant news of the week about the world of technology and its influence on our lives. New products, Apps, acquisitions in the industry, highlights about the digital world and everything about your favorite iGadgets and upgrades. Everything you need to keep well informed. A new concept of light, intelligent, innovative reading at your fingertips. A global view of Tech LifeStyle and its influence on our lives.

United States
Ivan Castilho de Almeida
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52 Issues

in this issue

1 min
facebook says it will pay $1b over 3 years to news industry

Facebook, following in Google’s footsteps, says it plans to invest $1 billion to “support the news industry” over the next three years. The social networking giant, which has been tussling with Australia over a law that would make social platforms pay news organizations, said it has invested $600 million since 2018 in news. Google said in October that it would pay publishers $1 billion over the next three years. News companies want Google and Facebook to pay for the news that appears on their platforms. Governments in Europe and Australia are increasingly sympathetic to this point of view. The two tech companies suck up the majority of U.S. digital advertising dollars, which — among other problems — has hurt publishers. Facebook said it would lift a ban on news links in Australian after the government…

1 min
foxconn looking at building electric cars in wisconsin

Foxconn Technology Group said it has signed a deal with a California startup to build electric cars, conceivably at Foxconn’s facility in Wisconsin. Details of the agreement with electric car company Fisker are expected in the coming months. However, Fisker chairman and chief executive Henrik Fisker told the Wall Street Journal that Foxconn’s property in Mount Pleasant would be an “obvious” choice for producing the vehicles. A statement by Foxconn did not specifically say that the project would wind up in Mount Pleasant, but it did not dismiss the possibility, the Milwaukee Journal Sentinel reported. “Our presence in Wisconsin has caught the attention of many businesses and investors who share our vision for a park that is sustainable for business and community growth,” the statement read. Production would begin by end of 2023 and…

2 min
in year of pandemic, home depot became supplier to millions

The housing market was among the very few bright spots for the U.S. economy in the year of the lockdown and Home Depot became its supplier, racking up an unprecedented $132 billion in sales for 2020. Sales grew even stronger in the final quarter of the year, surging 25% to $32.26 billion. That is up from $25.78 billion in the same period last year and exceeded even the lofty projections for $30.66 billion on Wall Street, according to a survey of analysts by Zacks Investment Research. Home improvement stores became a beehive during the pandemic with millions working from home and attending school remotely. Many families concluded that bigger homes, or at least different homes, were the answer in 2020, driving prices sky high. The S&P CoreLogic Case-Shiller 20-city home price index recorded…

1 min
funky electronics chain fry’s is no more

Fry’s Electronics, the go-to chain for tech tinkerers looking for an obscure part, is closing for good. The company, perhaps even more well known for outlandish themes at some of its stores, from Aztec to “Alice’s Adventures in Wonderland,” said Wednesday in an online posting that the COVID-19 pandemic had made it impossible to continue. Fans immediately took to Twitter to post images and memories (good and bad). The chain was concentrated on the West Coast, but had 31 stores in nine states. It was founded 36 years ago. Neil Saunders, managing director at GlobalData, called it “the end of an era, and a sad day” for an army of loyal customers. The pandemic has done heavy damage to retailers, but Fry’s was already getting hammered by online competition and a battle between heavy-hitters Best…

1 min
usps selects oshkosh defense to build greener mail truck

The United States Post Office said that it has chosen Oshkosh Defense to build its next-generation mail-delivery vehicle, part of an effort to make the USPS more environmentally friendly by switching a portion of its huge fleet to electric vehicles. Oshkosh Defense, a division of Wisconsin-based Oshkosh Corp., will assemble 50,000 to 165,000 of the new Next Generation Delivery Vehicles at its existing U.S. manufacturing facilities. It will get an initial $482 million toward retooling and building out its factory. USPS described the deal as the first part of a multibillion-dollar 10-year effort to replace its delivery vehicle fleet. The choice of Wisconsin-based Oshkosh is a big miss for Ohio-based electric vehicle startup Workhorse Group, which put in an all-electric bid for the vehicles. Shares of Workhorse fell more than 47%. The postal service…

2 min
‘60 minutes’ will have streaming spinoff on paramount+

CBS News is launching a streaming version of “60 Minutes” on the new Paramount+ service, hoping to expose the durable brand to a younger and more diverse audience. The “60 Minutes+” program will debut March 4 with three separate episodes, the network announced this week. The announcement was part of a rollout for Paramount+, which is replacing the “CBS All Access” service, offering Paramount movies as well as old and new programming from CBS and the Viacom stable of networks. For “60 Minutes+,” CBS is repurposing a team put together last year for a similar program, “60 in 6,” on the ill-fated Quibi platform. That service for programming geared to mobile devices shut down after seven months last year. The same four-person correspondent team that made nearly two dozen “60 in 6” episodes — Enrique…