Carvana CEO Ernie Garcia and his father make $11 billion in 3,000% stock rebound
The one-day surge in Carvana shares pushed the older Garcia’s fortune to $10.9 billion from a 2022 low of $3.1 billion, while his son’s net worth climbed to $3.8 billion, according to the Bloomberg Billionaires Index......»»
![Google](https://www.google.com/images/poweredby_transparent/poweredby_FFFFFF.gif)
VW puts $5B into cash-hungry Rivian, and Rivian will help fix up VW’s software
Rivian gets a third major partner, and new cars arrive later this decade. Enlarge (credit: Rivian) Volkswagen is committing $5 billion to upstart EV company Rivian, with $1 billion in cash upfront and $4 billion over tim.....»»
VW Group, Rivian forming joint venture for EV software; VW commits $5 billion
VW Group will invest $1 billion in Rivian initially and another $4 billion by 2026 under deal designed to help VW accelerate roll out of software-defined vehicles......»»
Is the total value of unplayed Steam games really $19 billion? Probably not.
It's fun to speculate, but sales and library quirks make it impossible to know. Enlarge / Blast away all the guilt you want in PowerWash Simulator, but there's no need to feel dirty in the real world about your backlog. (credit:.....»»
PFAS "forever" chemical laws need an overhaul—recent court rulings highlight the loopholes
As awareness of toxic, synthetic chemical pollution from per- and polyfluorinated substances (PFAS) increases, more legal settlements in billion dollar amounts are being made between chemical companies and public water suppliers, both in the US and E.....»»
Amazon has the Sabrent Thunderbolt 4 KVM Switch in stock for $299.97
The Sabrent Thunderbolt 4 KVM Switch allows you to switch between two machines with the push of a button, and it's now in stock and on sale at Amazon.Save $50 on the Sabrent Thunderbolt 4 KVM Switch at Amazon and enjoy the ability to seamlessly switc.....»»
Dubai to build $8 bn stormwater runoff system after record floods
Dubai on Monday announced an $8 billion plan for a stormwater runoff system, two months after an unprecedented deluge and widespread flooding brought the desert state to a standstill......»»
Simons Observatory begins measurements to probe Big Bang inflation
Almost 14 billion years ago, the universe was born in a blur of mystery. The new Simons Observatory in Chile's Atacama Desert may soon answer the great scientific question of what happened in that tiny fraction of a second after the Big Bang......»»
Iron meteorites hint that our infant solar system was more doughnut than dartboard
Four and a half billion years ago, our solar system was a cloud of gas and dust swirling around the sun, until gas began to condense and accrete along with dust to form asteroids and planets. What did this cosmic nursery, known as a protoplanetary di.....»»
Groundbreaking discovery: How researchers found remnants of Earth"s primordial crust near Perth
Our planet was born around 4.5 billion years ago. To understand this mind-bendingly long history, we need to study rocks and the minerals they are made of......»»
Guest commentary: Charity event shows why design work isn"t meant to be fully digital
The Father's Day benefit in Grosse Pointe Shores, Mich., illustrates the power of real-life gatherings in an industry pushing to be more virtual......»»
What’s your top Apple TV+ release of 2024 so far? [Poll]
The year is reaching its halfway point, and Apple TV+ has released a variety of new series, movies, and returning shows. There are plenty of summer debuts hitting soon, but before we head into the second half of 2024, let’s take stock of what the s.....»»
For the endangered Nashville crayfish, its rebound is both good and bad news
Dale McGinnity has been turning over rocks in Mill Creek to study the endangered Nashville crayfish for a decade. He hopes to learn whether this little crustacean that makes its home mainly in the urbanized area around its namesake city is being harm.....»»
Researchers: AI can make African elections more efficient, but trust must be built and proper rules put in place
Time magazine has dubbed 2024 a "super election year". An astonishing 4 billion people are eligible to vote in countries across the world this year. Many are on the African continent, where presidential, parliamentary and general elections have alrea.....»»
5 surprises from Tesla"s high-stakes shareholders meeting
Tesla shareholders voted for Elon Musk's $56 billion payout by a surprising margin. And there were other surprises at the meeting: surging Cybertruck production, a robot future and Donald Trump's phone calls......»»
JP Morgan raises Apple stock target to $245 on AI announcements
Analysts at JP Morgan say that Apple's launch of AI features will prompt users to upgrade their iPhones, and has raised the price target by $20.JP Morgan has raised its Apple price targetJP Morgan has previously expected that Apple's AI features woul.....»»
"We love Elon": Tesla shareholders bask in CEO"s presence
Tesla fans at the company's shareholder meeting congratulated Musk on the $56 billion pay package they just approved and thanked him for helping humanity......»»
Q&A: Wall Street meets Reddit—what are the upsides and risks of social investing?
A decent quarterly report may not nudge a company's stock price far, but a meme posted to Reddit's WallStreetBets subreddit may. The online community known for its seriously unserious banter, memes and not-so-family-friendly jokes shot to fame in ear.....»»
Black holes formed quasars less than a billion years after Big Bang
A surprisingly normal looking quasar when the Universe was 750 million years old. Enlarge (credit: NASA, ESA, CSA, Joseph Olmsted (STScI)) Supermassive black holes appear to be present at the center of every galaxy, goin.....»»
Berkshire Hathaway trims stake in BYD
The latest stock sale reduced Berkshire's stake in BYD's issued H-shares to 6.9 percent from 7.02 percent......»»
Samsung’s Q-Series soundbar setup has a $300 price cut this weekend
Want to get Dad a Father’s Day gift he’ll never forget? While the sale lasts, you can knock $300 off the amazing Samsung Q990C Dolby Atmos soundbar!.....»»