Alibaba Group Holding Ltd on Friday became the latest company to be added to the U.S. Securities and Exchange Commission’s list of Chinese companies that might be delisted. Alibaba‘s shares were down 11% at $89.37 at the closing bell, ending the month 21.4% lower. The e-commerce giant’s shares were already feeling the pressure after reports suggested… Continue reading Alibaba added to US SEC’s delisting watchlist, shares fall
Category: Tech News
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Indonesia’s Bank Raya aims to offer accounts to 10% of gig workers by 2024
Bank Raya, a subsidiary of state-owned Bank Rakyat Indonesia (BRI) is aiming to offer bank accounts to 10% of the country’s growing coterie of gig, or informal, workers by 2024, its CEO told Nikkei Asia. Southeast Asia’s economy has been transformed in recent years by the rise of digital-focused startup companies including e-commerce giant Bukalapak… Continue reading Indonesia’s Bank Raya aims to offer accounts to 10% of gig workers by 2024
Uber will start showing drivers how much they’ll be paid for accepting a trip
Uber says that it’s “completely reimagined the way drivers accept rides” with a feature called “upfront fares,” which shows drivers exactly how much they’ll be paid for a trip and where they’ll end up after dropping a rider off. In its announcement on Friday, the company says the change is part of its push to… Continue reading Uber will start showing drivers how much they’ll be paid for accepting a trip
$7 billion verdict awarded after Charter Spectrum tried to forge documents in a murder case
A jury in Texas found Charter Communications liable for $7 billion in punitive damages this week as the result of a lawsuit from the family of Betty Jo McClain Thomas, an 83-year-old woman who was stabbed to death by one of its employees in December 2019. The $7 billion is in addition to $375 million… Continue reading $7 billion verdict awarded after Charter Spectrum tried to forge documents in a murder case
Beyond volatility: How semiconductor companies can thrive with a focused sector strategy
Ondrej Burkacky Contributor Ondrej Burkacky is senior partner at McKinsey & Company based in Munich, Germany, leading global Semiconductors and Business Technology practices. His expertise in semiconductors, R&D and embedded software to advise clients on operational improvement, R&D and software-related topics. Nikolaus Lehmann Contributor Nikolaus Lehmann is an associate partner at McKinsey & Company based… Continue reading Beyond volatility: How semiconductor companies can thrive with a focused sector strategy
This company is buying 200 Tesla vehicles per week and is now ordering 23,000 EVs
Autonomy, an electric vehicle subscription service using Tesla vehicles, announced that it is adding Tesla Model Y to its fleet and is now taking delivery of about 200 Tesla vehicles per week. It is also about to expand to other EVs with an order of 23,000 EVs that will include EVs from Rivian, Lucid, Ford,… Continue reading This company is buying 200 Tesla vehicles per week and is now ordering 23,000 EVs
Tesla on Autopilot Kills Motorcyclist
Dead at the scene. Another Death A motorcyclist in Utah was killed over the weekend after a Tesla driver crashed into him from the back — while the car’s Autopilot system was turned on. It’s yet another crash involving the highly controversial driver assistance feature, and which has already been added to the lengthy list… Continue reading Tesla on Autopilot Kills Motorcyclist
Is Beyoncé’s Renaissance a Sign of the Apocalypse?
This week, Beyoncé released her seventh studio album, Renaissance. Soon—if the hidden messages in the album’s various promotional images are correct—the end days foretold in Revelation will come. Or, at least, that’s what some folks believe. Social media has told us for years that Beyoncé is a member of the Illuminati. Now, the internet is… Continue reading Is Beyoncé’s Renaissance a Sign of the Apocalypse?
Big Tech Can’t Stop Obsessing Over Apple and TikTok
Every three months, Wall Street watches with anticipation for bumper results from Big Tech companies. Over the course of a little more than a week, Snap, Alphabet, Microsoft, Meta, Spotify, Amazon, and Apple all announce to investors how well they’ve performed. For years, it’s been a tale of untrammeled success, with earnings, profits, and user… Continue reading Big Tech Can’t Stop Obsessing Over Apple and TikTok
Valve says it will ship all current Steam Deck reservations by the end of 2022
If you’ve been patiently waiting for Valve to ship that Steam Deck you reserved months ago, you may not have to wait too much longer to get your hands on the device. The company claims it will be able to fulfill all current Steam Deck reservations by the end of the year. Valve says that… Continue reading Valve says it will ship all current Steam Deck reservations by the end of 2022