Cruise, General Motors’ autonomous vehicle subsidiary, is now inviting potential passengers in Phoenix and Austin to join the waitlist to be among the first Cruise robotaxi passengers. The company has been operating a fully driverless commercial robotaxi service in San Francisco since June, with fully driverless meaning there’s no human safety operator behind the wheel….
Category Archives: Blog
Amazon suffered steep losses in year-over-year income as post-pandemic shopping habits and inflation threw the retailer for a loop. In its third quarter 2022 earnings report today, Amazon revealed that operating income decreased to $2.5 billion in Q3 2022 compared to $4.9 billion the same quarter last year, while net income dipped to $2.9 billion…
Storage giant Seagate has announced plans to axe 3,000 jobs as part of cost-cutting measures, around 8% of its international workforce. The news comes after revenues at the firm – which is one of the world’s most successful hard drive manufacturers – declined 35% to $2.04 billion in the first quarter of its 2023 financial…
A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., January 24, 2020. Lucas Jackson/Reuters US stocks traded mixed on Thursday as GDP figures surprised to the upside, quelling some recession fears. The Nasdaq slid on weak tech earnings, with Facebook parent Meta marking…
Brendan McDermid/Reuters Amazon’s shares dropped almost 20% after the company forecasted lighter than expected fourth quarter sales. Amazon’s third quarter results came closer to analysts’ expectations. The tech giant posted an operating income of $2.5 billion, down from $4.9 billion in third quarter 2021. Amazon couldn’t save Big Tech. The ecommerce king’s shares were down…
Sometimes you have to pay off debt before saving for retirement. Alistair Berg/Getty A new Northwestern Mutual study showed that Americans are expecting to save more and work longer to retire comfortably. Respondents to the survey said they’ll need at least $1.25 million to retire, according to the report. The expected age also has gone…
Royal Navy aircraft carrier HMS Queen Elizabeth at Portsmouth Naval Base on May 19, 2021. Andrew Matthews/PA Images via Getty Images Since 2017, the British Royal Navy has commissioned two new aircraft carriers into service. HMS Queen Elizabeth, deployed for the first time last year, sailing to the Pacific and back. But its sister ship…
Servicemen of Ukrainian Military Forces move US made FIM-92 Stinger missiles, a man-portable air-defence system (MANPADS) that fires an infrared homing surface-to-air missile designed to down enemy aircraft. SERGEI SUPINSKY/AFP via Getty Images The volume of weapons sent to and in Ukraine has raised concern that some could end up on the black market. But…
Apple CEO Tim Cook. Stephen Lam/Reuters Apple sold slightly fewer iPhones than expected, but overall the company proved that not all tech companies are created equally during the current economic slowdown. Apple beat Wall Street’s expectations for earnings and revenue, unlike big tech companies Meta, Alphabet, and Amazon, which all plunged on disappointing quarterly results. …
Verizon announced a new limited time promotion this week, one that will guarantee the price you pay for home internet for the next 10 years. Yup, a full decade. As detailed, new customers are eligible for a 10-year price guarantee for 5G Home, LTE Home, and Fios Internet. That means the price you pay in…