Elon Musk is no stranger to controversy. Even his “boring” company — The Boring Company — can’t steer clear of it. It is in the very early stages of trying to solve a legendary traffic problem here on earth. In May, Musk detailed his plans to dig mass transit tunnels under the city of Los […]

A judge in Tennessee this week ruled that Amazon isn’t liable for damages caused by a hoverboard that spontaneously exploded and burned down a family’s house, even though they bought it on Amazon’s website. The plaintiff claimed that Amazon didn’t properly warn her about the dangers they knew existed with the product, but the judge […]

Here’s a round-up of the most important deals in venture capital from the past week. Chinese artificial intelligence company SenseTime said Thursday that it raised $620 million in fresh funds from prominent investors including Fidelity International, Hopu Capital, Silver Lake and Tiger Global. Chipmaker Qualcomm’s venture capital arm also participated in the round. SenseTime just […]

CNBC’s Jim Cramer was thrilled when he saw that the U.S. economy added 223,000 nonfarm jobs in May, far overshooting estimates and driving unemployment to an 18-year low. “You want to know what the perfect economy looks like, at least from the perspective of the stock market? Honestly, it looks a lot like this one, […]

In times of volatility in the stock market, CNBC’s Jim Cramer looks for secular investments that tend to remain unaffected by global turmoil. That’s why the “Mad Money” host came up with the “cloud kings,” a group of stocks including Adobe and Salesforce that has seen huge gains in 2018 despite the market’s swings. “When […]

Silicon Valley star Nikesh Arora has landed a new gig. Arora, a former executive at both SoftBank and Google, has joined Palo Alto Networks as CEO and chairman. Palo Alto Networks‘ current CEO and chairman, Mark McLaughlin, will become the board’s vice chairman. Arora was most recently the president and chief operating officer at SoftBank […]

The Trump administration may soon claim as much as $1.7 billion penalty from ZTE, as it looks to punish and tighten control over the Chinese telecommunications company before allowing it back into business, according to people familiar with the matter. The Commerce Department is also seeking unfettered site visits to verify U.S. components are being […]

The Department of Homeland Security last year found evidence of devices that can secretly catch cell phone communications around the White House and other “potentially sensitive” areas of Washington, DC, a letter made public Friday reveals. Sen. Ron Wyden, D-Ore., said that the letter to him is “more evidence” that Americans are “being spied, tracked, […]

Google Cloud boss Diane Greene told employees on Friday that the company will not seek to renew a controversial contract with the Department of Defense after it expires in March 2019. Gizmodo originally reported the news. In March, Google announced that it had partnered with the Pentagon to help it analyze and interpret drone videos […]

Apple next week will debut tools to let two iPhone users share augmented reality while limiting the personal data sent to its servers, two people familiar with the matter said this week. Augmented reality (AR) allows viewers to see virtual structures superimposed on their surroundings via their smartphones or other devices. It is the technology […]