Boeing on Wednesday unveiled a prototype for an unmanned electric vertical-takeoff-and-landing cargo air vehicle (CAV) that the planemaker said will be used to test it’s autonomous technology. The CAV, designed and built in less than three months, is powered by an environmentally-friendly electric propulsion system and can carry up to 500 pounds, Boeing said. “Our […]
Read moreAmazon may reach the $1 trillion market value milestone as it dominates new growth markets, according to a top Wall Street firm. J.P. Morgan reiterated its overweight rating for Amazon shares, predicting strong growth for its internet advertising business. “We believe Amazon has the potential to be a $1 trillion dollar company over time, as […]
Read moreAt least one smart home device is moving into the bathroom. CareOS’s is a smart mirror with facial recognition, 4D imaging and touchless interaction that is designed to help you with your beauty regimen. CareOS’s connected bathroom box — the Health & Beauty Hub — syncs a number of smart devices into a single mirror, […]
Read moreA former top Apple executive and serial tech entrepreneur, Tony Fadell, says Apple, Google, Facebook and Twitter got consumers addicted to technology and those same big tech companies are “the only ones” who can treat consumers from that addiction. Fadell made the case in a 10-installment Twitter storm he posted Monday. (He did acknowledge the […]
Read moreRepublican Senator John Thune said on CNBC Wednesday that he wants to know why Apple hasn’t been more “transparent” about why the company chose to deliberately slow the performance of batteries in some older iPhones. Senator Thune, who chairs the Commerce, Science and Transportation Committee, requested answers from the company in a letter released Wednesday. […]
Read moreHomeowners are racking up record amounts of home equity, thanks to fast-rising values in today’s competitive housing market. No surprise, more people are now starting to tap that cash. What are they spending it on? Mostly making their homes even more valuable. Renovation spending is soaring, and 80 percent of borrowers taking out home equity […]
Read moreChina is moving to eradicate the country’s bitcoin mining industry over concerns about excessive electricity consumption and financial risk, reflecting authorities’ judgment that cryptocurrencies are not a strategic industry. A multi-agency task force has instructed provincial governments to “actively guide” companies in their respective regions to exit the cryptocurrency mining industry, according to a document […]
Read moreDue to Apple‘s size, the tech giant has unfairly become “a punching bag” over the latest questions about its older iPhones, CNBC’s Jim Cramer said Wednesday. Republican Sen. John Thune sent a letter to Apple CEO Tim Cook, Reuters reported, asking questions about its disclosure that it slowed older iPhones with flagging batteries. Apple announced […]
Read moreBillionaire investor Warren Buffet says cryptocurrencies are headed for trouble. “We’ll never have a position in them,” Buffett, chairman and CEO of Berkshire Hathaway, told CNBC’s “Squawk Box” Wednesday morning. “I can say with almost certainty that they will come to a bad ending.” If those ominous words aren’t enough to stress investors out, earlier […]
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Investors really love Eastman Kodak‘s makeover. One day after the 130-year-old industrial company announced plans for its own cryptocurrency, shares are soaring 72 percent. KodakCoin will roll out after an initial coin offering later this month, Kodak said on Tuesday. Blockchain, the technology underpinning popular digital currencies like bitcoin, is going to be used to […]
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