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Techlife News

#406

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.

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lyft posts losses despite revenue growth, improves outlook

Lyft continued to bleed money in its second quarter but says it expects to stem some of those losses, raising its outlook for 2019. The ride-hailing company on Wednesday posted revenue of $867.3 million, up 72% from the same time last year. But the San Francisco-based company lost $644.2 million in the quarter, which was worse than the $445 million loss that analysts polled by FactSet expected. More than a third of the loss, or $296.6 million, came from stock-based compensation Lyft paid out after its initial public offering in March. The company also lost $141.1 million due to changing requirements for liabilities for insurance. Even so, the company improved its outlook for 2019. Lyft now predicts it will lose between $850 million and $875 million after expenses such as interest, taxes, depreciation and…

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q&a: new film academy president talks hostless show, museum

The new president of the Academy of Motion Picture Arts and Sciences has been on the job for less than a day, but already has more than enough on his plate. Casting director David Rubin has ascended to the post as the head of the organization that puts on the Oscars after a turbulent year in which public backlash led to the “popular film Oscar” being discarded , the host backing out and the show abandoning plans to present a handful of awards during the commercial breaks. The opening of the Academy Museum has also been delayed again to an unspecified date in 2020, and the industry at large continues to grapple with the question of powerful streaming services and whether their films should be eligible for the industry’s top film…

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fans recreate beatles’ abbey road cover shot 50 years on

It was 50 years ago, that The Beatles caused a traffic delay. And hundreds of fans of the Fab Four gathered Thursday at a crosswalk in London’s St. John’s Wood neighborhood immortalized on the “Abbey Road” album to recreate the cover photo half a century after it was taken. At 11:35 a.m. on Aug. 8, 1969, Iain Macmillan photographed John, Paul, George and Ringo striding single-file across the black-and-white “zebra” crossing outside Abbey Road Studios while a police officer stopped traffic. Used as the cover of the band’s penultimate studio album, it became one of the most famous images in music history. On Thursday spectators snapped photos on cellphones and lookalikes from a Beatles cover band crossed the street in tribute to the original image. The spot remains a place of pilgrimage for Beatles…

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samsung ditches headphone jack after jabs at jackless rivals

Samsung executives have long poked fun at rivals for ditching the headphone jack in smartphones. With the new Galaxy Note 10, the company will now be doing exactly the same thing. The Note 10, announced, squeezes in more battery power and other goodies, but at the cost of the familiar old jack. So now the company is doing an about-face and declaring that many people use wireless headphones anyway. Samsung, which for years has pushed bigger and bigger displays, is also introducing a smaller version of the Note for those who think phones have just gotten too big. The new Note models will come out Aug. 23. The main model is being called the Note 10 Plus and will have a display measuring 6.8 inches diagonally. Though the display is bigger, the…

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wyoming university lands money for research project

The University of Wyoming has received an $8 million grant from the U.S. Department of Energy to field test foam-assisted hydrocarbon gas injection technology that could help recover more oil from unconventional reservoirs. The project through UW’s Department of Petroleum Engineering plans to pilot the use of a hydrocarbon gas mixture to create foam for injection into hydraulically fractured reservoir rock. This foam will slow the flow of gas, allowing more oil to be extracted from the rock. UW’s project was among five research and development projects recently selected to receive federal funding. The DOE’s National Energy Technology Laboratory will manage all of the selected projects. Besides the $8 million in DOE money, the UW research project will receive an additional $2 million of funding from UW, Hess Corp. and Dow.…

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china imports from us fall 19% in july amid trade war

Chinese imports of American goods plunged in July as a tariff war with Washington intensified. Imports of U.S. goods fell 19% from a year earlier to $10.9 billion, customs data showed Thursday, though that was an improvement over June’s 31.4% fall. Exports to the United States declined 6.5% to $38.8 billion. Beijing has retaliated for U.S. tariff hikes in a dispute over trade and technology by imposing its own punitive duties and suspending purchases of American soybeans and other goods. The latest data follow President Donald Trump’s threat last week to extend punitive duties to an additional $300 billion of Chinese imports. China’s total exports rose 3.3% over a year earlier to $221.5 billion, rebounding from June’s 1.3% contraction amid weakening global consumer demand. Imports shrank 5.6% to $176.4 billion, an improvement…

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