Tesla posts record profit and says it will sell half a million cars this year
Tesla reported by far its best quarterly profit Wednesday and said it still hopes to hit its target of half a million car sales this year. The strong…
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Short-form video app Quibi is shutting down after just six months
Much like its content, Quibi didn’t last very long. Quibi, the app that staked its future on short videos, is shutting down just six months…
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Why it’s so hard to dethrone Google
If you use the internet, Google is practically inescapable. This is most evident in how we search for almost everything online — so much so that…
Continue ReadingDelivery gave Chipotle sales a lift. But that’s a problem
Delivery is soaring in popularity as people order in instead of going to restaurants in the pandemic. That’s not entirely good news for…
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OxyContin maker to plead guilty to federal criminal charges, pay $8 billion, and will close the company
Purdue Pharma, the maker of OxyContin, has agreed to plead guilty to three federal criminal charges for its role in creating the nation’s…
Continue ReadingJPMorgan is taking on Square with a new card reader
Square and PayPal are disrupting the commercial banking industry. Now, the United States’ largest bank is fighting back. On Wednesday, JPMorgan…
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Apollo Global Management CEO requests board review of his ties to Jeffrey Epstein
The board of private equity firm Apollo Global Management is reviewing ties between its CEO Leon Black and convicted sex offender Jeffrey Epstein,…
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The first firefighting robot in America is here — and it has already helped fight a major fire in Los Angeles
A newly recruited firefighter in Los Angeles put out a major fire even before being formally introduced at a news conference. That new recruit is a…
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Warning to Wall Street: SPACs may be out of control
Reverse mergers were long reserved to the backwaters of Wall Street. Today, they’ve become the hottest way to go public. Virgin Galactic,…
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Why the US economy won’t gain any traction until 2021
This has been a rotten year, and any chance of it ending on a high note has faded. The Covid-19 pandemic is intensifying, rancor over the US…
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Whole Foods will now get your groceries ready for pickup in one hour
Amazon is expanding one-hour grocery pickup across all of its nearly 500 Whole Foods stores in the United States. The free service is available for…
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OxyContin maker to plead guilty to federal criminal charges, pay $8 billion, and will close the company
Purdue Pharma, the maker of OxyContin, has agreed to plead guilty to three federal criminal charges for its role in creating the nation’s…
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The pandemic is speeding up automation, and 85 million jobs are on the line
Bank tellers are out and robotics engineers are in, according to a new report that says the coronavirus recession is accelerating technological…
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The pandemic is speeding up automation, and 85 million jobs are on the line
Bank tellers are out and robotics engineers are in, according to a new report that says the coronavirus recession is accelerating technological…
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Bitcoin surges after Paypal jumps into the cryptocurrency business
PayPal is launching its own cryptocurrency service, allowing people to buy, hold and sell digital currency on its site and applications. The online…
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Impossible milk could be coming to your cereal bowl
Impossible Foods, the company known for making plant-based meat designed to taste, cook and look like real meat, may soon get into milk. An…
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After 54 years on broadcast TV, ‘It’s the Great Pumpkin, Charlie Brown’ moves to Apple TV+
“It’s the Great Pumpkin, Charlie Brown” first aired on CBS in 1966 and eventually moved to ABC. But this year it will air on Apple…
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The US government sues Google for alleged anticompetitive abuses in search
The Trump administration on Tuesday sued Google in what is the largest antitrust case against a tech company in more than two decades. In its…
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