A smartphone displays the logo of Donald Trump’s Truth Social app on March 25, 2024. Anna Barclay | Getty Images Former President Donald Trump will soon be free to start unloading his multibillion-dollar stake in his fledgling social media startup, Trump Media. But the potential payday — Trump’s stake comprises more than half of his on-paper net worth, per…
Two Japanese companies have teamed up to achieve one big goal: producing hydrogen on the moon. Takasago Thermal Engineering has designed a mini electrolyzer that can adapt to low gravity and endure a rocket’s intense vibrations during liftoff. Once in space, the hydrogen-making machine will be operated remotely from ispace’s Mission Control Center in Tokyo. “We started to study…
Zoom CEO Eric Yuan speaks at the Dropbox Work In Progress Conference in San Francisco on Sept. 25, 2019. Matt Winkelmeyer | Getty Images for Dropbox Zoom shares soared the most since November 2022 on Thursday after the video chat company reported better-than-expected results for the second quarter and raised its full-year guidance. The stock rose 13% to close at…
Mike Lynch, former chief executive officer at Hewlett-Packard Co.’s Autonomy unit, speaking at a conference on Thursday, April 25, 2013. Bloomberg | Bloomberg | Getty Images LONDON — The body of British technology entrepreneur Mike Lynch, 59, has been retrieved from the wreckage of a yacht that sank off the coast of Sicily, a source familiar with the matter…
CHICAGO — Vice President Kamala Harris’ allies in the business community are privately making a pitch to CEOs about why they should back her over former President Donald Trump, according to people familiar with the matter. At private parties and meetings during the Democratic National Convention, corporate executives close to Harris told CNBC they are delivering a message tailored to…
A General Motors sign is seen during an event on January 25, 2022 in Lansing, Michigan. – General Motors will create 4,000 new jobs and retaining 1,000, and significantly increasing battery cell and electric truck manufacturing capacity. Jeff Kowalsky | AFP | Getty Images DETROIT — General Motors is laying off more than 1,000 salaried employees globally in its…
An Amazon delivery drone is on display at Amazon’s BOS27 Robotics Innovation Hub in Westborough, Massachusetts, on Nov. 10, 2022. Joseph Prezioso | AFP | Getty Images On a recent weekday morning, John Case heard a familiar buzzing outside his quiet suburban home in College Station, Texas. He recognized it immediately as one of Amazon‘s Prime Air drones, whizzing…
Eric Schmidt, who led Google for a decade, told Stanford students that, while he’s not one to give investment advice, he sees an obvious play in the stock market that doesn’t involve buying shares of his former employer. Schmidt said, in a video that was posted by Stanford this week and subsequently removed, that big technology companies are planning…
Cisco shares popped in extended trading on Wednesday after the networking company said it’s cutting 7% of its global workforce and reported quarterly results that topped analysts’ estimates. Here are the key numbers: Earnings: 87 cents per share, adjusted, vs. 85 cents per share expected, according to LSEG. Revenue: $13.64 billion vs. $13.54 billion expected, according to LSEG. Cisco…
During Google’s Pixel phone launch on Tuesday, a product director named David Citron took the stage to show off the mobile capabilities of the company’s new AI assistant, Gemini. Things got awkward right after the presenter told the audience, “all the demos today are live, by the way.” In front of a big crowd of media and analysts at…
