Technology
Ex-Amazon engineers roll out their smart shopping carts in Albertsons stores
Albertsons is deploying self-checkout grocery carts in some of its locations to try to make in-person shopping easier as consumers head back to brick-and-mortar stores. The carts are made by Veeve, a Seattle-based start-up founded by two former senior Amazon managers in 2018. Veeve is one of several companies developing smart grocery carts, which often […]
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Labor group accuses Apple of interrogating, surveilling staff at World Trade Center store
Customers shop at the new Apple Store at the World Trade Center shopping mall in New York City. Getty Images Communications Workers of America is accusing Apple of violating federal labor law at its World Trade Center store in New York City. CWA alleged in an Unfair Labor Practice filing with the National Labor Relations […]
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Tesla whale calls for $15 billion stock buyback after share price craters
Tesla CEO Elon Musk is trying to buy Twitter and manage multiple companies at the same time. James Glover II | Reuters Billionaire Leo Koguan, who claims to be the third largest individual shareholder of Tesla stock, is calling on the carmaker to announce a $15 billion stock buyback as the company’s share price continues […]
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Google’s Russian subsidiary to file for bankruptcy after bank account seized
The Google logo displayed on a smartphone screen. Kirill Kudryavtsev | AFP | Getty Images Google’s Russian subsidiary plans to file for bankruptcy after authorities seized its bank account, making it impossible to pay staff and vendors, but free services including search and YouTube will keep operating, a Google spokesperson said on Wednesday. The Alphabet […]
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Elon Musk says he’ll vote Republican, bashes Democrats
Trump advisor Steve Bannon (L) watches as President Donald Trump greets Elon Musk, SpaceX and Tesla CEO, before a policy and strategy forum with executives in the State Dining Room of the White House February 3, 2017 in Washington, DC. Brendan Smialowski | AFP | Getty Images Elon Musk said twice this week that he […]
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Cisco stock plunges 17% as company forecasts surprising revenue decline
Cisco shares plunged by as much as 17% in extended trading on Wednesday after the networking company said it generated lower quarterly revenue than analysts predicted and called for an unexpected sales decline in the current period. Here’s how the company did: Earnings: 87 cents per share, adjusted, vs. 86 cents per share as expected […]
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Keeping Illinois nuclear plants open is saving some customers $237 a year on average
Byron, UNITED STATES: The Exelon Byron Nuclear Generating Stations running at full capacity 14 May, 2007, in Byron, Illinois. (Photo credit should read JEFF HAYNES/AFP via Getty Images) JEFF HAYNES | AFP | Getty Images Nuclear energy pays in times of energy price fluctuations. In September, Illinois lawmakers passed a watershed clean energy law which […]
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Amazon’s Twitch, Discord, 4chan face New York AG probe after Buffalo shooting
New York State Attorney General Letitia James in New York City, November 19, 2019. Lucas Jackson | Reuters New York Attorney General Letitia James will investigate social media companies including Amazon’s Twitch in connection to the apparently racially-motivated shooting at a Buffalo supermarket that left 10 dead and three injured. James’ office will also focus […]
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Jeremy Grantham says today’s bubble is worse than 2000, calling stocks to at least double the losses
Jeremy Grantham, a famed investor with a track record of identifying market bubbles, said the downturn today is worse than the tech bubble of 2000, calling stocks to at least double their losses. “The other day, we were down about 19.9% on the S & P 500 and about 27% on the Nasdaq. I would […]
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What comes after the easy money era ends for cash-burning tech companies in Silicon Valley
Male in a suit holding burning cash and bank card. isolated on grey background. FXQuadro | iStock | Getty Images It started with word spreading through Silicon Valley last fall into winter about the term sheets for start-up funding getting pulled. Now, a less frothy Silicon Valley is the assumption in beginning to understand the […]
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