Internet
Chinese e-commerce giant Alibaba teams up with Tesla rival Xpeng on tech for driverless cars
XPeng is still focused in boosting the sales of its electric cars. But it has been focusing on building out future businesses in flying cars and robotics. Qilai Shen | Bloomberg | Getty Images Chinese e-commerce giant Alibaba and electric vehicle startup Xpeng are opening a computing center to train software for driverless cars, the […]
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Hackers drain nearly $200 million from crypto startup in ‘free-for-all’ attack
Billions of dollars of value have been wiped off the cryptocurrency market in recent months. Companies in the industry are feeling the pain. Lending and trading firms are facing a liquidity crisis and many firms have announced layoffs. Yu Chun Christopher Wong | S3studio | Getty Images Hackers drained almost $200 million in cryptocurrency from […]
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Pinterest climbs on user numbers and Elliott investment even as financials disappoint
A woman walks past sign at the headquarters of Pinterest in the South of Market neighborhood of San Francisco. Smith Collection | Gado | Archive Photos | Getty Images Pinterest shares jumped on better-than-expected user numbers even as earnings and revenue missed estimates and the company gave weak guidance for the third quarter. Activist investor Elliott […]
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Amazon emissions increased 18% last year as Covid drove online shopping surge
Amazon vans line up at a distribution center to pick up packages for delivery on Amazon Prime Day in Orlando, Florida. Paul Hennessy | NurPhoto | Getty Images Amazon’s carbon emissions jumped 18% last year, as the company reckoned with a pandemic-driven surge in e-commerce and grew its business to meet that demand. In its […]
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Amazon launches same-day delivery from some brick-and-mortar retail brands
An Amazon delivery worker pulls a delivery cart full of packages during its annual Prime Day promotion in New York City, June 21, 2021. Brendan McDermid | Reuters Amazon said Monday it’s adding a handful of brick-and-mortar retail brands to its same-day delivery offering for Prime members. To start, Amazon is offering same-day delivery from […]
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Google CEO tells employees productivity and focus must improve, launches ‘Simplicity Sprint’ to gather employee feedback on efficiency
Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Stephen Lam | Reuters Google is launching a new effort called “Simplicity Sprint” in an effort to improve efficiency and improve employee focus during an uncertain economic environment. The Alphabet company had its regular […]
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Uber unveils new features, including one that lets drivers choose the trips they want
Uber app on a smart phone. Alex Kraus | Bloomberg | Getty Images Uber announced a series of new features Friday aimed at enhancing driver experiences on the ridesharing app as drivers continue to contend with high gas prices and inflation rates. Drivers across the U.S. will be able to see exactly how much they’ll […]
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Intel stock slumps 11% after poor earnings show softening demand for PCs
Pat Gelsinger, CEO, of Intel Corporation, holds a semiconductor chip while testifying during the Senate Commerce, Science, and Transportation hearing titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on Wednesday, March 23, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images Intel stock is down 11% on Friday, a day […]
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Amazon shares rally after strong second quarter and guidance
Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Shares of Amazon jumped more than 10% in premarket trading Friday, a day after the company posted stronger than expected second-quarter revenue and gave upbeat guidance. Sales […]
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Amazon says consumer spending remains strong, bucking broader retail gloom
An Amazon delivery worker pulls a delivery cart full of packages during its annual Prime Day promotion in New York City, June 21, 2021. Brendan McDermid | Reuters Earlier this week, Walmart and Best Buy both lowered their profit outlook for the second quarter and full year, setting off alarm bells across the retail sector […]
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