After Astra loses 99 percent of its value, founders take rocket firm private
First you burn the cash, then comes the crash. Enlarge / Liftoff of Astra's Rocket 3.0 from Cape Canaveral, Florida. (credit: Astra) Astra's long, strange trip in the space business is taking another turn. The company a.....»»
ByteDance would rather shut down US TikTok than sell it
TikTok owner ByteDance reportedly will not sell to a US firm if it is unable to convince a court to overturn President Biden's day-old law forcing a sale or ban.TikTok may be cease to be available in the USAccording to the bill signed into law by Pre.....»»
Rocket Report: SLS workforce cuts; New Glenn launch to launch in the early fall
"This is a vital component in our preparations for launch." Enlarge / The flight hardware core stage for Europe’s new rocket, Ariane 6, is moved onto the launch pad for the first time this week. A launch is possible some time t.....»»
Quality woes hurt Ford earnings as GM outlook improves
Ford CEO Jim Farley said the company avoided about 12 recalls on its flagship F-150 by performing extra quality checks, but one Wall Street firm estimates the delay cost $3 billion in revenue......»»
Snag a year’s access to Norton’s ‘Secure VPN’ while it’s 75% off
Norton Secure VPN is a great way of ensuring your browsing activity is entirely secure and private. It's available at a great price right now......»»
Deciphered Herculaneum papyrus reveals precise burial place of Plato
Various imaging methods comprised a kind of "bionic eye" to examine charred scroll. Enlarge / Imaging setup for a charred ancient papyrus recovered from the ruins of Herculaneum; 30 percent of the text has now been deciphered. (c.....»»
Patrick Wardle teams up with ex-Apple researcher to boost Mac security for all
Two long-standing Mac security experts have formed DoubleYou, a firm that aims to develop security tools that other Mac developers can incorporate into their systems.DoubleYou founders believe Mac needs better securityThe new company was started by,.....»»
Economic growth tops the priority list for Canadian policymakers: Here"s why
Canada is currently experiencing anemic economic growth, meaning there is a slowdown in the total production of goods and services per capita. The real GDP growth forecast for 2024 is 0.7 percent......»»
The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup
A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this decade to 2040......»»
Pretax charges drop Sonic Automotive"s Q1 net income
The company said $7 million in pretax charges contributed to a 12 percent dip in first-quarter net income......»»
Asbury Q1 net income slips 19%; $4.2 billion in revenue sets record
Asbury Automotive Group produced $147.1 million in net income during the first quarter, down 19 percent from a year earlier as falling profit margins offset rising vehicle sales and revenue......»»
Hyundai doubles down on hybrids after Q1 profit slips 2.4%
After posting a 2.4 percent drop in quarterly profit, Hyundai said it will continue to expand its electrified model lineups globally by introducing more hybrids and new Ioniq models......»»
AuditBoard AI automates important tasks for security teams
AuditBoard announced that its powerful artificial intelligence capabilities are now generally available. As part of the company’s innovative and award-winning connected risk platform, AuditBoard AI incorporates generative AI, and other private.....»»
Biden signs TikTok bill into law as Chinese firm threatens legal action
President Biden has now formally signed the bill that means TikTok owner ByteDance must sell the platform, or face being banned in the US from 2025.TikTok could be banned in the US from 2025As expected following the Senate's passing of the combinatio.....»»
US bans TikTok owner ByteDance, will prohibit app in US unless it is sold
Bill gives ByteDance 270 days to sell TikTok or app loses access to US market. Enlarge (credit: Getty Images | Chesnot ) The Senate last night approved a bill that orders TikTok owner ByteDance to sell the company within.....»»
Group 1 net income falls nearly 7 percent in Q1
Group 1's net income fell, while revenue and new- and used-vehicle sales grew......»»
Tesla profits drop 55% as Elon Musk dodges cheap car questions
Tesla spent $1 billion on GPUs even as its profit margins shrank by half. Enlarge / Tesla shares rose by almost 11 percent in premarket trading despite the disastrous financial results. (credit: CFOTO/Future Publishing via Getty.....»»
SpaceX’s Falcon 9 rocket just completed a milestone mission
SpaceX achieved its 300th successful touchdown of a Falcon 9 first-stage booster on Tuesday, nine years after landing the first one......»»
Tesla Q1 net income drops 55% to $1.1 billion; revenue slides 9% to $21.3 billion
Gross margin fell in the first quarter to 17.4 percent from 19.3 percent in the year-earlier period......»»
Veoneer names longtime Forvia executive Nik Endrud CEO following sale
Veoneer appointed longtime Forvia executive Nik Endrud as its CEO, less than two months after being acquired by a New York private equity firm and after two other major sales of its business units......»»
2 former dealership employees who started new marketing firm settle lawsuit
A Massachusetts dealership has settled a lawsuit that accused two former employees of breach of loyalty, misappropriation of trade secrets and other claims for setting up a competing dealer-to-dealer digital marketing agency......»»