Rocket LV0006 tilts during liftoff. Astra / NASASpaceflight Space company Astra will go private in a cut-rate deal with its founders after a dismal run as a publicly-traded stock. Astra co-founders Chris Kemp and Adam London – CEO and CTO, respectively – signed an agreement with the company’s board to acquire all outstanding common stock … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Powell speaks: Two days of testimony from … Read more
Rivian CEO RJ Scaringe stands next to a R2 SUV at an unveiling event in Laguna Beach, California, U.S., March 7, 2024. Mike Blake | Reuters Rivian Automotive surprised consumers and next new vehicle will be an all-electric midsize SUV called the R2 that’s expected to start around $45,000 when it goes on sale in … Read more
More than 75 employers were taking resumes and talking to prospective new hires at a career fair in Lake Forest, CA on Wednesday, February 21, 2024. Paul Bersebach | Medianews Group | Orange County Register | Getty Images Layoff announcements in February hit their highest level for the month since the global financial crisis, according … Read more
Traders work on the floor during morning trading at the New York Stock Exchange on March 6, 2024. Spencer Platt | Getty Images Despite the heavy concentration of the U.S. market rally in expensive, AI-focused tech stocks, analysts say Wall Street is not yet in bubble territory. The S&P 500 has climbed for 16 of … Read more
The logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone with an EU flag pictured in the background. Justin Tallis | AFP via Getty Images An EU law that seeks to rein in large digital companies has officially kicked in, spelling big changes for primarily U.S. tech giants. The European Union’s … Read more
Salesforce headquarters in San Francisco, California, US, on Wednesday, Nov. 29, 2023. David Paul Morris | Bloomberg | Getty Images Salesforce on Thursday announced new data and artificial intelligence solutions for health-care workers that could help lessen their burdensome administrative workloads. The first tool is called Einstein Copilot: Health Actions, and it will allow doctors … Read more
Workers inspect smart phone components at the visual inspection area of the surface mount technology workshop inside the Realme factory in Greater Noida, India: Anindito Mukerjee | Bloomberg | Getty Images Anindito Mukerjee | Bloomberg | Getty Images India’s booming tech sector has suffered a major blow as startup darlings Byju’s and Paytm plunge into … Read more
The Lawrence Township Police Department recovered 223 of 675 SpaceX Starlink Terminals allegedly purchased using stolen credit card numbers, the department said Tuesday. Source: Lawrence Township Police Department A New Jersey man was arrested on charges for allegedly trafficking 675 SpaceX Starlink terminals purchased with stolen credit card accounts or hacked Starlink billing accounts, police said … Read more
Omar Marques | Sopa Images | Lightrocket | Getty Images Meta’s hefty investment in artificial intelligence includes development of an AI system designed to power Facebook’s entire video recommendation engine across all its platforms, a company executive said Wednesday. Tom Alison, the head of Facebook, said part of Meta’s “technology roadmap that goes to 2026” … Read more
