A Skylo base station in assembly. Skylo Technologies Silicon Valley space startup Skylo Technologies landed funding from the corporate venture arms of Intel, BMW and Samsung, as the company aims to bridge the gap between satellite and terrestrial communications. Skylo raised $37 million through an equity round, the company told CNBC, led by Intel Capital and … Read more
Apple’s iMessage app and Microsoft’s Bing and Edge browsers won’t tough restrictions from the European Union. Jaap Arriens | Nurphoto | Getty Images Apple’s iMessage messaging service and Microsoft’s Bing and Edge search browsers should not be designated as “gatekeepers” under the European Union’s strict digital competition laws, the European Commission said Tuesday. It has … Read more
Elon Musk, chief executive officer of Tesla Inc and X (formerly Twitter) Ceo speaks at the Atreju political convention organized by Fratelli d’Italia (Brothers of Italy), on December 15, 2023 in Rome, Italy. Antonio Masiello | Getty Images Two weeks after a Delaware court ruled that Tesla must rescind Elon Musk’s $56 billion pay package, … Read more
K2 Space co-founders Karan Kunjur and Neel Kunjur at the company’s facility in Torrance, California. Credit: K2 Space Los Angeles-based startup K2 Space raised $50 million in new funding as the company works to build monster satellites to match the massive rockets that are coming to market. Nearly two years since founding, K2 co-founders and … Read more
Testing out internet speeds on an Oppo Reno 5G smartphone with EE’s network. Ryan Browne | CNBC London falls far behind other major European cities when it comes to the quality of its 5G connection, according to a report shared with CNBC. The findings from fixed and mobile network benchmarking firm MedUX found that London … Read more
Global online shopping platform Temu is already climbing the ranks in the U.S. Apple Store. Bloomberg | Bloomberg | Getty Images Hours after Super Bowl viewers were inundated with ads from discount retailer Temu, an online dollar store that used to have similar buzz was acquired at a price that shows the difficulty of sustaining … Read more
Changpeng Zhao, founder and CEO of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris on June 16, 2022. Benoit Tessier | Reuters The criminal sentencing of Binance founder Changpeng Zhao on a money laundering rule charge has been postponed until April 30, according to … Read more
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. U.S. stocks were modestly higher Monday as the market awaits key economic data. Traders will be mulling over the consumer price index Tuesday, retail sales Thursday, and the producer … Read more
US Senator Ted Cruz (L), R-TX, speaks with Chairman Dick Durbin, D-IL, as Judge Ketanji Brown Jackson speaks during the Senate Judiciary Committee confirmation hearing on her nomination to become an Associate Justice of the US Supreme Court, on Capitol Hill in Washington, DC, on March 23, 2022. Jim Watson | AFP | Getty Images … Read more
Masayoshi Son, chairman and CEO of SoftBank Group Corp. Kiyoshi Ota | Bloomberg | Getty Images Arm shares rose more than 24% on Monday, extending last week’s rally as investors continue to applaud the chipmaker’s better-than-expected third-quarter earnings and its position in the artificial intelligence boom. Arm is now up over 90% since it reported … Read more
