Jeff Bezos, the founder of Amazon and the CEO of the space launch company Blue Origin, caused a social media sensation when he made the following announcement of Instagram: “Ever since I was five years old, I’ve dreamed of traveling to space. On July 20th, I will take that journey with my brother. The greatest […]
After years of come-and-gone predictions that battery-powered sedans, pickups and SUVs would replace gas-guzzling, emissions-spewing models, the shift to electric vehicles is revving up. Beyond EV pioneer and market leader Tesla, virtually every major auto manufacturer is lining up to flip the e-switch and it is not just a big deal for consumers, but the […]
Four new warehouse workers have been recruited by Amazon to help reduce workplace injuries. In a blog post on Sunday, Amazon unveiled Ernie, Bert, Scooter and Kermit, four robots which are currently undergoing testing and development at the company’s research and innovation lab in Seattle. Ernie is a new workstation system designed to help Amazon […]
Economist David Rosenberg believes the bond market is getting inflation right and yields shouldn’t trade at higher levels. His reasoning: Inflation is a temporary phenomenon caused by enormous pent-up demand and supply chain issues connected to the coronavirus pandemic. “The numbers have been shocking to the upside, no doubt about it. But it’s pretty easily […]
Stocks could trade sideways as investors await the outcome of the Federal Reserve’s June meeting next Wednesday afternoon. The Fed’s two-day meeting is the big event for markets in the week ahead. Although the central bank is not expected to take any action, it could make tweaks to its forecasts for interest rates and inflation […]
Virgin Orbit, the satellite-launching spinoff of Sir Richard Branson’s Virgin Galactic, is in advanced discussions to go public at about a $3 billion valuation through a SPAC led by a former Goldman Sachs partner, CNBC confirmed Saturday. The company is in talks on a deal with NextGen Acquisition II, a person familiar with the discussions […]
Toshiba Corp’s second-biggest shareholder on Sunday demanded the board chairman and three other directors resign immediately after an investigation found the company had colluded with the Japanese government to pressure foreign investors. The letter, sent to the four on Sunday according to a person with direct knowledge of the process and seen by Reuters, is […]
A high bid of $28 million won the auction for a seat aboard Blue Origin’s New Shepard rocket trip to the edge of space in July, the company announced Saturday. The high bidder in the monthlong auction would be revealed in the upcoming weeks, it tweeted, and will be joined by Blue Origin owner Jeff […]
The Justice Department was recently able to recover $2.3 million worth of bitcoin (BTC-USD) extorted from Colonial Pipeline, suggesting that digital currency may not always be the best tool for criminals. “It’s not intuitive to a lot of people, but it’s a thing that the public is learning more and more,” Hunter Horsley, cofounder and CEO for […]
McDonald’s has become the latest company to be hit by a data breach after unauthorized activity on its network exposed the personal data of some customers in South Korea and Taiwan. McDonald’s Corp. said Friday that it quickly identified and contained the incident and that a thorough investigation was done. “While we were able to […]
The man that lit the fire for the current meme stock movement sweeping markets for the second time this year said the recent trading frenzy isn’t market manipulation. It’s just good old fashioned buying and selling in a market for a stock. “I mean what is market manipulation? You have people that are buying and […]
United Airlines told more than 40,000 employees on Friday that their jobs are safe when federal Covid-19 aid for the sector expires this fall thanks to a rebound in travel demand. The recovery in bookings, led largely by U.S. leisure travelers, has encouraged airlines, including United, American, Delta and Spirit, to set plans to resume […]
