Month: August 2022
Israeli lidar maker Innoviz wins $4 billion Volkswagen contract for millions of sensors
In this photo illustration a Innoviz Technologies logo is displayed on a smartphone. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Israeli lidar maker Innoviz announced Tuesday it has won a contract to supply lidar units and related software for autonomous driving to a unit of Volkswagen, in a deal worth $4 billion […]
Read More
Amazon warehouses face expanded probes into safety hazards as investigators visit three more sites
A worker assembles a box for delivery at the Amazon fulfillment center in Baltimore, Maryland, U.S., April 30, 2019. Clodagh Kilcoyne | Reuters Federal officials are sharpening their focus on Amazon’s workplace safety hazards. Investigators from the Occupational Safety and Health Administration, which is part of the Labor Department, visited Amazon sites near Albany, New […]
Read More
With domestic fares down 25% since spring, now’s the time to book flights for fall trips, travel app study finds
d3sign | Moment | Getty Images Would-be travelers looking to fly this fall may want to book their plane trips now, with travel app Hopper reporting that airfares are dropping this month from peak summertime prices. “September and early October will be the cheapest times to travel, while August and early September will be the […]
Read More
Watch live: Biden signs bill to boost China competition and U.S. chip production
[The stream is slated to start at 2:45 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Joe Biden on Tuesday is set to sign into law a bipartisan bill to invest billions of dollars in domestic semiconductor manufacturing and science research, with the aim of […]
Read More
Homeless, suicidal, down to last $1,000: Celsius investors beg bankruptcy judge for help
Celsius Network, once a titan of the crypto lending world, is in bankruptcy proceedings and facing down claims that it was running a Ponzi scheme by paying early depositors with the money it got from new users. Some of the 1.7 million customers ensnared by the alleged fraud are now directly pleading with the Southern […]
Read More
Fed’s Daly says ‘our work is far from done’ on inflation; Evans sees ‘reasonable’ chance for smaller hike
Mary Daly, President of the Federal Reserve Bank of San Francisco, poses after giving a speech on the U.S. economic outlook, in Idaho Falls, Idaho, U.S., November 12 2018. Ann Saphir | Reuters The Federal Reserve still has a lot of work to do before it gets inflation under control, and that means higher interest […]
Read More
Typical job switcher got a pay raise of nearly 10%, study finds
Morsa Images | DigitalVision | Getty Images Many workers who changed jobs recently saw raises from their new paychecks outpace inflation by a wide margin — by nearly 10% or more, according to a new study by the Pew Research Center. The typical American who changed employers in the year from April 2021 to March […]
Read More
Watch live: U.S. Attorney General Merrick Garland briefs press on DOJ lawsuit challenging Idaho abortion law
(Attorney General Merrick Garland is scheduled to begin speaking at 1:30 p.m. ET. Please refresh the page if the video above doesn’t play at that time.) The U.S. Justice Department filed a lawsuit Tuesday seeking to invalidate Idaho’s new restrictive abortion law on the grounds that it violates federal law requiring most hospitals to give […]
Read More
Stocks making the biggest moves midday: Uber, Pinterest, Caterpillar and more
An Uber banner on the New York Stock Exchange on the day of Uber’s IPO, May 10, 2019. Source: NYSE Check out the companies making headlines in midday trading Tuesday. Uber Technologies — Uber shares popped 17.6% after the ride-hailing giant reported a quarterly revenue that beat analyst expectations. The company’s revenue came in at […]
Read More
Dolphins owner Stephen Ross suspended, fined $1.5 million after NFL finds tampering violations
Owner Stephen Ross of the Miami Dolphins looks on prior to the game against the Buffalo Bills at Hard Rock Stadium on September 19, 2021 in Miami Gardens, Florida. Michael Reaves | Getty Images Miami Dolphins owner and real estate developer Stephen Ross has been fined $1.5 million and suspended from participating in team events […]
Read More