Technology
Alibaba surges nearly 10% after it ups share buyback program to $25 billion
Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Images Alibaba’s Hong Kong-listed stock surged nearly 10% on Tuesday after the Chinese e-commerce giant said it would increase the size of its share buyback program from $15 billion to $25 billion. The share repurchase scheme will be effective […]
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Alibaba increases share buyback to $25 billion from $15 billion
Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Images Chinese e-commerce giant Alibaba Group Holding said on Tuesday it upsized its share buyback program to $25 billion from $15 billion, the second time in the past year. Alibaba said it had already re-purchased about $9.2 billion of […]
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Elon Musk says SpaceX will hopefully launch first Starship orbital flight in May
Prototypes of SpaceX’s Starship rocket and Super Heavy booster stand at the company’s Starbase facility in Texas. Michael Sheetz | CNBC Elon Musk on Monday gave an update on the timeline for SpaceX’s first orbital launch of the company’s next-generation Starship rocket. “We’ll have 39 flightworthy engines built by next month, then another month to […]
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Ford F-150 Lightning’s 320-mile range beats available Rivian electric pickups, but lags GMC
2022 Ford F-150 Lightning Ford DETROIT – Ford Motor’s 2022 F-150 Lightning pickup will have an electric range of up to 320 miles, according to final Environmental Protection Agency estimates released Monday by the automaker. The top range of the all-electric pickup is 20 miles higher than Ford initially estimated, which places it just above […]
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Russia is exploring options for cyberattacks and companies must be ready, says Biden
President Joe Biden speaks during a tour of the Ford Rouge Electric Vehicle Center, in Dearborn, Michigan on May 18, 2021. Michael Wayland | CNBC President Joe Biden on Monday advised U.S. corporations to strengthen their cybersecurity practices because of intelligence reports indicating that Russia is looking at possibilities to attack. The guidance came almost […]
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U.S. space companies poised to benefit as Russia cuts ties to industry, analyst says
A Falcon 9 rocket carries 49 Starlink satellites toward orbit on Feb. 3, 2022. SpaceX Russia is rapidly cutting itself off from much of the global space industry in response to Western sanctions due to the invasion of Ukraine, and U.S. companies stand to benefit, according to an analyst report on Friday. “Russia and Ukraine […]
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Apple services are down for some users
Many Apple services, including the App Store, Apple Arcade, Music, and Maps are experiencing outages. The company’s status page, which typically shows how severe an outage is, is also offline. Apple made $19.2 billion in services revenue last quarter, so an extended outage could have a material impact. But, these sorts of outages are typically […]
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SpaceX’s Starlink sees the in-flight internet market as ripe for an overhaul, executive says
A passenger plane takes off from Frankfurt Airport. The aviation industry is particularly hard hit by the effects of the global Corona pandemic. Picture alliance | Getty Images WASHINGTON – Elon Musk’s SpaceX believes an aviation-specific antenna may be revolutionary for connecting Starlink, its global high-speed internet service, with airplanes. “Connectivity on airplanes is something […]
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The Routing Company lets you hail a ride — on public transit
The Routing Company powers on-demand bus and shuttle service for public transit agencies. Courtesy: The Routing Company The Routing Company is rolling out apps that bring the convenience of on-demand ride-hailing to public transit. Led by CEO James Cox, formerly the global head of product operations at Uber, the 40-person Boston startup has developed rider, […]
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5 things to know before the stock market opens Monday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks steady after best week since November 2020 Traders on the floor of the NYSE, March 18, 2022. Source: NYSE U.S. stock futures were little changed Monday after strong gains last week that saw the […]
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