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Google Is Said to Be Shopping for More Real Estate in New York

SAN FRANCISCO — Amazon may not be the only technology giant considering a big expansion in New York.Google is in discussions to move into a planned 1.3 million square foot office complex at the St. John’s Terminal building on Manhattan’s West Side, according to a person with knowledge of the company’s plans but not permitted to speak about it publicly.The property, which is expected to be completed in 2022, would allow the internet giant to significantly increase its presence in the city. Google employs around 7,000 in New York, and a space that size could allow it to more than double its local work force.The potential expansion,…

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Uber and Lyft Charge Toward Potential I.P.O.s Next Year

Uber and Lyft have for years battled for customers in the fast-growing ride-hailing business. Now the bitter rivals may fight for investors in their initial public offerings.Uber has received proposals from the investment banks Morgan Stanley and Goldman Sachs that say the technology giant could be worth as much as $120 billion in an I.P.O., two people briefed on the matter who were not allowed to discuss it publicly said on Tuesday.At $120 billion, Uber’s debut on Wall Street would be the biggest since the Alibaba Group of China began trading on the New York Stock Exchange in 2014.The market for tech I.P.O.s has surged in 2018.…

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U.S. Credit Card Giants Flout India’s New Law on Personal Data

Amazon, which operates an India-only payments service that uses elements of its global technology platform, said in a statement: “Compliance with local laws and regulation is a top priority for us in all the countries we operate in. We continue to work closely with the regulator towards this.”The R.B.I., an agency akin to the Federal Reserve in the United States, has said little about why it decided that Indian financial data must be stored only in India. In its April order, it said, “In order to ensure better monitoring, it is important to have unfettered supervisory access to data stored with these system providers.”Its policy changed as…

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App-Only Banks Rise in Europe and Aim at Traditional Lenders

Last year, Monzo’s losses quadrupled to £33.1 million. The company is developing a marketplace where customers can shop for financial services offered by other firms, with Monzo collecting a fee. In the meantime, it makes some money from overdraft and A.T.M. charges, and is experimenting with giving out short-term loans of up to £1,000.As they expand, these start-ups will also face more regulatory scrutiny and targeting by fraudsters. Traditional banks must ensure, for example, that a certain proportion of the deposits they hold are kept in reserve, as a safety net. Such policies help guarantee that a bank will not lose its customers’ money, but they make…

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Tech We’re Using: When Cryptocurrencies Fluctuate, He Uses These Tech Tools to Keep Track

How do New York Times journalists use technology in their jobs and in their personal lives? Nathaniel Popper, who covers cryptocurrencies and financial technology for The Times from San Francisco, discussed the tech he’s using.There are many cryptocurrencies and they often fluctuate in value. What tech products do you use to keep your finger on the pulse?Most conversations about cryptocurrencies tend to start with the price, and there are now countless services that track the ups and downs of the thousands of digital tokens out there.The most popular site, Coinmarketcap.com, was briefly getting more visits than The Wall Street Journal’s home page last winter. My personal favorite…

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Replace ‘Tech’ With ‘Banks,’ and We’ve Seen a Big Comeuppance Before

SAN FRANCISCO — When I moved to the Bay Area two years ago, it was with a sense of relief.Relief from New York winters and deteriorating subways, yes. But also relief after six years of covering Wall Street, an industry that had moved from one crisis to another after the financial crash of 2008, drawing the unending wrath of the public.In California I was joining a growing team of reporters covering Silicon Valley, which had quickly become the new engine of the economy. Just like Wall Street before it lost its luster, the tech industry had become the destination of choice for the top college graduates. I…

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Uber Appoints New Head of Finance as It Marches Toward an I.P.O.

SAN FRANCISCO — After a yearslong search, Uber has finally found a chief financial officer as it advances toward an initial public offering.The ride-hailing company said Tuesday that it had hired Nelson J. Chai, 53, a former executive at Merrill Lynch and CIT Group, to be its new chief financial officer. The appointment fills a prominent void in Uber’s executive suite: The job had been vacant since Brent Callinicos departed in 2015.Picking a chief financial officer is crucial for Uber because the company has said it plans to go public by the end of 2019, in what is likely to be one of the biggest-ever technology I.P.O.s.…

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Tech Tip: Pay Off Those I.O.U.s on the Go

AdvertisementTECH TIPAlong with Apple Pay Cash, several apps and services make it easy to send and receive funds right on your phone, smartwatch or tablet.July 12, 2018Q. If I use Apple Pay Cash on my iPhone, can I send money to anybody? What do you need to do to set it up?A. To use the person-to-person cash feature of the Apple Pay system, you and your recipients need certain Apple hardware to exchange money through the Messages, Contacts or Siri apps. So for starters, you cannot use Apple Pay Cash to send electronic funds directly to someone who might be using Google Pay on an Android phone.Compatible…

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Despite Caution Over Cryptocurrency, Investors Are Bullish

What’s indisputable is that coin offerings are quickly growing in popularity. Roughly 309 offerings have been held this year, raising $10.3 billion, according to the data provider TokenData, compared with 77 offerings that raised $1.2 billion during the period last year.That is catching up to the amount of money raised by initial public offerings, where companies hire investment bankers to help sell shares to investors and trade on the public markets. I.P.O.s in the United States raised $15.6 billion in the first three months of this year, the biggest quarterly haul in three years, according to Renaissance Capital, which tracks I.P.O.s.But many entrepreneurs say they believe that,…

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The Week Ahead: Central Bankers Will Debate Policy, and OPEC Meets on Output

AdvertisementThe Week AheadThe Senate will also vote on an amendment that would block President Trump’s ZTE deal, and the Fox board will weigh Comcast’s $65 billion offer.Outside the offices of ZTE in Beijing. The Senate will vote on a proposal that would restore penalties brought against the company.CreditGilles Sabrié for The New York TimesBy The New York TimesJune 17, 2018Here’s what to expect in the week ahead:EconomyCentral bankers will debate economic policy.The mysteries of how prices and wages are determined will be the theme of discussions by economists and central bankers at the European Central Bank’s annual forum, which starts on Monday in Sintra, Portugal. The participants…

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