News Around the Globe
By Elisa Amazon will fully fund college tuition for over 750,000 of its frontline employees, the e-commerce giant said on Thursday, stepping up its efforts to attract and retain workers …
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By Feuer The Suez Canal was nearly blocked again after a cargo ship reportedly ran aground, briefly blocking the critical shipping route before it was refloated within about 15 minutes. …
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By Elisa The head of Apple’s car project, Doug Field, is going to work for Ford to lead the automaker’s advanced technology and embedded systems efforts, a hiring coup for …
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By Feuer Nearly $240 billion in value was wiped from the cryptocurrency market on Tuesday as El Salvador contended with a bumpy rollout of Bitcoin as legal tender and major …
Read MoreBy Fickenscher Companies are canceling business trips and keeping their employees close to home as the Delta variant rages on. September marks the beginning of the busy corporate travel season, …
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By Wayt Apple bowed to privacy and civil liberties advocates Friday when it agreed to delay and modify a controversial plan to scan users’ photos for child pornography. The company’s tool, called “neuralMatch,” …
Read MoreBy Lisa Sequential Brands, which owns the Jessica Simpson brand and had formerly owned Martha Stewart’s brand, filed for bankruptcy protection on Tuesday. The New York-based licensing company said its …
Read MoreBy Wayt Apple and Google will be forced to allow app developers to use alternative payment systems under a new law passed by South Korea’s parliament Tuesday, threatening the companies’ …
Read More By Wayt Apple said it’s willing to loosen the notoriously strict rules on payments inside the iPhone’s App Store, making it easier for smaller developers to steer customers toward alternative …
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By Elisa Amazon-backed electric vehicle company Rivian is seeking a valuation of around $70-80 billion in its initial public offering, a source familiar with the matter told. Rivian confidentially submitted plans to federal …
Read MoreBy Wayt Warby Parker has either lost money or broken even for the past three years, the company revealed in a Securities and Exchange Commission filing to go public late …
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By Wayt TikTok users will soon be able to buy products directly within the app through a partnership with e-commerce firm Shopify, the companies said. Businesses on TikTok in the …
Read More By Feuer The price of bitcoin shot past $50,000 late Sunday evening for the first time in more than three months as the broader crypto market continues to mount a …
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By Feuer Tesla CEO Elon Musk announced Thursday evening that the electric carmaker is now branching out and working on a humanoid “Tesla bot” – with one analyst calling the project …
Read MoreBy Elisa Toyota is scaling back production in North America and Japan as the surging coronavirus pandemic in Southeast Asia and elsewhere crimps supplies. Japan’s top automaker said Thursday that …
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By Moynihan Robinhood’s stock tumbled more than 10 percent after the free stock-trading app warned a trading frenzy that powered its latest quarterly results appears to be waning. The Silicon …
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By Feuer Jeff Bezos’ space company, Blue Origin, sued the National Aeronautics and Space Administration over the agency’s decision to award a $2.9 billion moon lander contract to Elon Musk’s …
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By Feuer The total value of the entire cryptocurrency market shot past $2 trillion over the weekend for the first time since May, fueled by a renewed surge in the …
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By Feuer Virgin Galactic founder Sir Richard Branson sold almost $300 million worth of his shares in the space tourism company this week as he continued to shave his stake in the …
Read MoreBy Elisa Flying taxi developer Archer Aviation is seeking $1 billion in damages from Wisk Aero, a rival backed by Boeing and Google co-founder Larry Page’s Kitty Hawk Corp., according to a …
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