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 […]

Amazon 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 […]

At 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, […]

A 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 […]

Republican 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. […]

China 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 […]

Due 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 […]

There was no malice in Warren Buffett‘s prediction that the craze over bitcoin and other cryptocurrencies won’t end well, CNBC’s Jim Cramer said Wednesday. Earlier in the day, the chairman and CEO of Berkshire Hathaway told CNBC that he would “never have a position in” cryptocurrencies and said he believes “that they will come to […]

Tom Donohue, president and CEO of the U.S. Chamber of Commerce, warned on Wednesday about a growing global hostility to technology — U.S. tech in particular — saying that it could severely damage the U.S. economy, its companies and consumers. In the annual “State of American Business” speech, Donohue said technology “is not a single, […]

Legendary investor Warren Buffett said the market is not yet saturated for Apple iPhones — counting himself as a notable holdout. “When I actually buy it, it’s all over folks. The last person has bought it,” Buffett joked. Berkshire Hathaway is the fifth-largest Apple shareholder, with 134 million shares worth about $23 billion, according to […]