Technology
Automakers are jacking up prices on electric vehicles to bake in rising materials costs
Tesla’s Model 3 at the Tesla store in Washington, D.C. Salwan Georges | The Washington Post | Getty Images Automakers from Tesla to Rivian to Cadillac are hiking prices on their electric vehicles amid changing market conditions and rising commodity costs, specifically for key materials needed for EV batteries. Battery prices have been declining for […]
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The space industry is on its way to reach $1 trillion in revenue by 2040, Citi says
A Falcon 9 rocket carries 49 Starlink satellites toward orbit on Feb. 3, 2022. SpaceX The space industry should reach $1 trillion in annual revenue by 2040, with launch costs dropping 95%, Citigroup analysts said in an extensive report published this month. A further decline in the cost of accessing space would create more opportunities […]
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Tech stocks are mired in their longest weekly losing streak since dot-com bust
Traders on the NYSE, May 20, 2022. Source: NYSE Tech companies haven’t seen a selloff like since 2001 and the bursting of the dot-com bubble. The Nasdaq declined 3.8% this week, falling for a seventh straight week. It’s the longest losing streak for the tech-heavy index in 21 years. Inflation, rising interest rates, the war […]
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At Gary Vaynerchuk’s ‘VeeCon’ in Minneapolis, the only way in is an NFT ticket
Those seeking evidence of the recent crypto meltdown need not look to Minneapolis — at least for the next few days. This weekend, thousands of NFT-holders are descending upon the Twin Cities for Gary Vaynerchuk’s “VeeCon” — a four-day conference bringing together business leaders, entrepreneurs and Web3 evangelists to discuss digital transformation in everything from […]
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Democratic senators concerned about phone location data being used to track people seeking abortions
U.S. Senator Amy Klobuchar speaks during a protest outside the U.S. Supreme Court after the leak of a draft majority opinion written by Justice Samuel Alito preparing for a majority of the court to overturn the landmark Roe v. Wade abortion rights decision later this year, in Washington, D.C., May 3, 2022. Elizabeth Frantz | […]
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Amazon tests using Flex drivers to make mall deliveries
Contractors working for the Amazon Inc. Flex program load packages into vehicles to deliver to customers in San Francisco. David Paul Morris | Bloomberg | Getty Images Amazon is turning to its legions of contracted Flex drivers to deliver packages from mall-based retailers, allowing sellers to ship products from their own stores using the e-commerce […]
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Bill Gates explains what you can do now to fight climate change
Chesnot | Getty Images News | Getty Images Climate change is such an overwhelming and systemic problem, it’s easy to feel there’s nothing one individual can do to fight it. But Microsoft co-founder and philanthropist Bill Gates gave some concrete suggestions in an online question and answer session on Reddit on Thursday. Buy climate-friendly products […]
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Elon Musk blasts Biden administration, Democrats on Twitter over ‘hate,’ sidelining of Tesla
Tesla CEO Elon Musk on Friday blasted the Biden administration and Democrats on Twitter, as the world’s richest man doubled down on his vow to vote for Republicans. Musk in a tweet accused the Biden administration of doing “everything it can to sideline” and ignore Tesla, despite its dominance in the electric vehicle industry. Musk, […]
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Elon Musk visits Brazil to discuss Amazon with Bolsonaro
Brazil’s president Jair Bolsonaro gestures as he arrives at a hotel to participate in a news conference about the Amazon rainforest and to meet with Elon Musk, according to ministers, in Porto Feliz, Sao Paulo state, Brazil May 20, 2022. Amanda Perobelli | Reuters Elon Musk traveled to Brazil on Friday to discuss projects to […]
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Strategists reveal how they’re trading tech stocks — and the same names keep coming up
Investors and strategists have revealed how they’re playing the beaten-down tech sector, naming several stock opportunities in a market they say could be nearing the bottom. Lee Baker, owner and president at Apex Financial Services, described Apple and Microsoft as “good solid companies” for investors to consider right now. Speaking to CNBC’s Squawk Box Europe […]
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