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October 25, 2021

Technology

Facebook beats on earnings despite revenue miss

CNBC
CNBC – For more and to sign up click here Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Facebook shares rose in extended trading on Monday after the company reported better-than-expected third-quarter earnings while revenue missed......

Bezos’ Blue Origin unveils private space station ‘business park’ to be deployed later this decade

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CNBC – For more and to sign up click here A rendering of the “Ocean Reef” space station in orbit. Blue Origin WASHINGTON – Jeff Bezos’ Blue Origin on Monday unveiled its plan for a private space station called “Orbital Reef,” which it will build in partnership with multiple space......

Rocket builder ABL raises $200 million, increasing valuation to $2.4 billion

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CNBC – For more and to sign up click here An RS1 rocket booster is shipped out of the company’s headquarters in El Segundo, California. ABL Space Rocket builder ABL Space on Monday announced the close of a $200 million round of funding from existing investors, bumping the private company’s......

Tesla shares rise after Hertz says it will buy 100,000 electric vehicles

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CNBC – For more and to sign up click here Close up of Tesla logo on a charger at a Supercharger rapid battery charging station for the electric vehicle company Tesla Motors, in the Silicon Valley town of Mountain View, California, August 24, 2016. Smith Collection/Gado | Archive Photos |......

Amazon says it’s prepared for supply chain snarls as holidays loom

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CNBC – For more and to sign up click here Amazon fulfillment center in Eastvale, California on Tuesday, Aug. 31, 2021. MediaNews Group/The Riverside Press-Enterprise via Getty Images | MediaNews Group | Getty Images Amazon on Monday reassured shoppers and industry watchers that it’s well-prepared to avoid supply chain challenges......

Facebook shares under pressure following release of leaked whistleblower documents

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CNBC – For more and to sign up click here Mark Zuckerberg, chief executive officer and founder of Facebook Inc., arrives for a House Financial Services Committee hearing in Washington, D.C., Oct. 23, 2019. Andrew Harrer | Bloomberg | Getty Images The Facebook Papers, a series of articles published by......

Wells Fargo has a new virtual assistant in the works and it’s named Fargo

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CNBC – For more and to sign up click here A Wells Fargo logo is seen at the SIBOS banking and financial conference in Toronto Chris Helgren | Reuters Wells Fargo is developing a virtual assistant to help it convert more retail banking customers into digital users, CNBC has learned.......

PayPal says it’s not looking to buy Pinterest right now; shares jump 5%

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CNBC – For more and to sign up click here The PayPal app shown on an iPhone. Katja Knupper | DeFodi Images | Getty Images U.S. payments giant PayPal said Sunday that it is not currently interested in buying social media platform Pinterest. Responding to what it called “market rumors,”......

In a remote world, firms are turning to team-building trips to boost morale

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CNBC – For more and to sign up click here Running a retreat for hundreds of staff and flying them to one location from around Europe is a significant investment for any company to make. Source – Click here for more To Return to the Main Aggregate News Page –......

China is pushing to develop its own chips — but the country can’t do without foreign tech

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CNBC – For more and to sign up click here A technologist inspects a computer chip. Sefa Ozel | E+ | Getty Images GUANGZHOU, China — China’s technology giants have been pushing to develop their own semiconductors or chips, a move seen as progress toward China’s goal to become self-reliant......

‘Buckle your seatbelts’ because earnings will start to disappoint, long-term bull Art Hogan warns

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CNBC – For more and to sign up click here Earnings season may turn an ugly corner. Long-term bull Art Hogan warns a storm of disappointing corporate guidance and missed revenue targets is ahead. “Buckle your seatbelts,” the National Securities’ chief market strategist told CNBC’s “Trading Nation” on Friday. “This......

The Dallas Cowboys are back and fans of ‘America’s Team’ are elated over the NFL’s richest franchise

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CNBC – For more and to sign up click here Dak Prescott #4 of the Dallas Cowboys scrambles with the ball in the fourth quarter against the New England Patriots at Gillette Stadium on October 17, 2021 in Foxborough, Massachusetts. Maddie Meyer | Getty Images Sport | Getty Images The......

Facebook whistleblower releases documents to multiple news outlets showing company knows the harm it causes

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CNBC – For more and to sign up click here With an image of himself on a screen in the background, Facebook co-founder and CEO Mark Zuckerberg testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill October 23, 2019 in Washington, DC. Chip......

Restaurants prep for long-term labor crunch by turning to robots to work the fryer, shuttle food to tables

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CNBC – For more and to sign up click here At Inspire Brands’ Innovation Center in Atlanta, the Flippy robot is taking on a new challenge. The automated worker, made by Miso Robotics, first came onto the scene as a burger solution. Now, it’s frying wings for the first time.......

Third juror dismissed in trial of Theranos founder Elizabeth Holmes after judge finds ‘good cause’ for leave

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CNBC – For more and to sign up click here Elizabeth Holmes, founder of Theranos Inc., left, arrives at federal court in San Jose, California, on Tuesday, Oct. 12, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. — A third juror was dismissed in Elizabeth Holmes’......

Adobe will put U.S. employees on unpaid leave if they’re not vaccinated by Dec. 8

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CNBC – For more and to sign up click here Adobe Systems world headquarters in downtown San Jose, Calif. Lisa Werner | Moment Mobile | Getty Images Software company Adobe told U.S. employees Friday that they have to be vaccinated against Covid-19 by Dec. 8 or they will be placed......

Tesla shares hit all-time high

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CNBC – For more and to sign up click here Tesla CEO Elon Musk gestures as he visits the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul | Reuters Tesla shares hit an all-time high on Friday, surging above $900 a share shortly......

YouTube is about to pull its apps from Roku, and the fight is going all the way to Congress

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CNBC – For more and to sign up click here YouTube is leaving Roku. And now the fight between the two companies has caught the attention of members of Congress attempting to push their Big Tech antitrust legislation. After a months-long fight between Roku and YouTube’s parent company Google, Google......

Edward Snowden warns weakening encryption would have dire consequences: ‘Privacy is power’

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CNBC – For more and to sign up click here NSA whistleblower Edward Snowden speaks live from Russia during the Web Summit technology conference in Lisbon, Portugal on November 4, 2019. Pedro Fiúza | NurPhoto | Getty Images LONDON — Undermining encryption systems to give governments access to people’s personal......

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