Elon Musk is making rocket launches mundane and that could be worth tens of billions of dollars. SpaceX could become a $50 billion juggernaut through its launch of a satellite broadband network, a team of Morgan Stanley analysts wrote in a report Thursday. The private space company on Wednesday launched its 15th rocket this year, […]
Read moreFormer Microsoft exec Steven Sinofsky knows what Facebook is going through. He was at the giant when it was the undisputed leader of the tech industry, and when sentiment turned against the company and everybody — from federal regulators to competitors to the press — was attacking it. Now Facebook is going through a similar […]
Read moreLet’s be honest, movie theaters are constantly having to think up new ways to bring in audiences. With the Internet, television and streaming video on demand in their space, movie industry players have many new and nimble competitors threatening their business. So, what’s the movie industry to do as it struggles to give audiences something […]
Read moreParents of young drivers may finally be able to rest easy when their kids are out on the road. Derive Systems, an automotive technology company, is soon unveiling a new device called Derive Teenage Driver. The device comes in the form of a dongle and plugs into your car’s diagnostics port. Features include limiting your […]
Read moreGeneral Motors said Thursday it named Pamela Fletcher as its new vice president of electric vehicle programs, as it works to ramp up its efforts in this area. The largest U.S. carmaker by sales recently unveiled plans to launch more than 20 all-electric vehicles globally by 2023. Fletcher, who has been in leadership roles at […]
Read moreSpaceX launched its 15th rocket this year on Wednesday, the National Space Council met last week for the first time in nearly a quarter-century and satellites the size of shoeboxes are vaulting into orbit. The cost of space access is plummeting. Morgan Stanley estimates the space industry, worth about $350 billion today, will grow into […]
Read moreFor the second time in recent months, Amazon and Microsoft are teaming up in artificial intelligence, with Google on the sidelines for now. On Thursday the two companies rolled out new tools that will make it easier for developers to use open-source artificial intelligence software. This follows the companies’ move in August to let its […]
Read moreShares of car search company CarGurus popped on Thursday, the stock’s first day on the public market. CarGurus shares were more than 75 percent higher by midday. The company priced its 9.4 million share public offering at $16 a share, above the expected range of $13 to $15 apiece. It trades on the Nasdaq under […]
Read morePeople may be downloading fewer apps, but they’re spending more time in the apps they do use — especially when it comes to shopping. In the U.S., time spent on the Top 5 digital-first shopping apps — Amazon, Amazon Shopping, Wish, Etsy and Zulily this year — grew 44 percent in the first half of […]
Read moreIt might sound counterintuitive, but brick-and-mortar store-killer Amazon may be boosting parts of the real estate market. The e-commerce giant has “made the warehouse sexy,” Raj Dhanda, president of private equity real-estate firm Black Creek Group, told CNBC’s “Squawk Box” on Thursday. Big and bulky warehouses have rapidly become the “hottest” component of commercial real […]
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