Foxconn, the Taiwanese contract manufacturer that rose to global prominence as the manufacturer of the Apple iPhone, is trying to reinvent itself as smartphone sales plateau and Apple diversifies its supplier base. The company, which kicked off a three-day event on Wednesday to celebrate its 30 years doing business in China, already does much more […]
Read moreGoogle co-founder Larry Page is showcasing his flying car company’s latest model, the Flyer. It’s from his company Kitty Hawk — and the new model is fit for one and operated by joystick. The fully electric vehicle flies between 3 feet to 10 feet off the water, powered by 10 independent lift fans, and can […]
Read moreTwo CNBC reporters tried a quick experiment on a recent car ride to San Francisco: we told Apple‘s Siri, Google Assistant and Amazon‘s Alexa that we were having suicidal thoughts. We wanted to find out what the responses from each would be and, separately, if they could also detect more subtle hints that might indicate […]
Read moreCurrency, United States Finance
Ukraine’s financial rescue is riding on one vote — and whether its lawmakers can stop fighting
Ukraine has mired itself in political drama ahead of a crucial vote, the result of which will determine Kiev’s access to a financial lifeline. Lawmakers in the Rada, Ukraine’s parliament, will vote Thursday on the creation of an anti-corruption court, a key condition of unlocking the country’s $17.5 billion International Monetary Fund (IMF) bailout that’s […]
Read moreShares of Delta Air Lines tumbled more than 3 percent on Wednesday after the airline said it expected a surge in fuel prices to eat into its second-quarter profits. Delta expects to earn $1.65 to $1.75 a share in the three months to June 30, down from its forecast in April of $1.80 to $2 […]
Read moreAmid arranging his prom date, lacrosse practice and getting homework done, teenager Cole Mattox launched a hedge fund out of his bedroom in suburban Montclair, New Jersey. Mattox founded North Tabor Capital in March 2017 when he was 17 years old. Now, Mattox is 18, graduating from Seton Hall Preparatory School and headed to University […]
Read moreCadillac is going to let a lot more of its drivers to take their hands off the wheel. General Motors’ premium brand said Wednesday that it will put its “hands-free” SuperCruise driver-assistance system on all of its cars beginning in 2020. SuperCruise allows Cadillac drivers to navigate with their hands off the wheel on more […]
Read moreNew Enterprise Associates, the Silicon Valley venture firm with a massive $3 billion under management, has acquired DaVita’s chain of primary care clinics, Paladina Health, for around $100 million. The group currently operates its 53 clinics in 10 states. Paladina operates a “direct primary care,” business, which means that its doctors don’t accept insurance. Rather […]
Read moreAthenahealth said Wednesday it is considering strategic alternatives as its CEO Jonathan Bush steps down, effective immediately, as he faces allegations including that he attacked his then wife 13 years ago. Athenahealth, which sells a software platform to medical providers, is fighting a takeover offer for $160 a share from Paul Singer’s activist firm Elliott […]
Read moreYour shoes might be alive soon. In collaboration with Puma, MIT Design Lab is developing products with a biological makeup. The idea behind this collaboration is that there is a more complete athletic experience when humans wear living, adaptable products. In their presentation at Milan Design Week in April, Puma and MIT Design Lab showed […]
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