Instacart slashes its valuation to $24 billion
Instacart's valuation doubled twice to $39 billion in the first year of the public health crisis, fueled by a pandemic boon to its on-demand grocery delivery business. Now it's falling back to earth......»»
Subaru to team with Toyota on 3 new EV crossovers through 2026; net income soars
Subaru says it will lean on Toyota for next three all-electric crossovers and shift production of the best-selling Forester, including a new hybrid version, to the U.S. Meanwhile, annual net income nearly doubled to 385.1 billion yen ($2.55 billion)......»»
Nothing to sneeze at: Experimental model shows pollen can change the weather
More than 80 million Americans suffer from seasonal allergies due to airborne pollen, according to the U.S. Centers for Disease Control and Prevention (CDC). Associated medical costs exceed $3 billion every year, with nearly half of those costs linke.....»»
Zeekr tops IPO goal to raise $441 million
The listing by EV upstart Zeekr is the biggest by a China-based company in the U.S. since Didi Global’s $4.4 billion IPO almost three years ago......»»
BP keen to buy Tesla supercharging sites for U.S. expansion
BP Plc’s electric vehicle charging arm is eager to snap up Tesla Inc. supercharging sites across the US — along with the workers behind them — and has pledged $1 billion to expand its network......»»
4 big takeaways from Rivian"s Q1 earnings report
Rivian reported a $1.45 billion net loss in the first quarter, higher than a year earlier. But it also laid out a roadmap for slashing production costs and launching a more affordable EV in 2026......»»
Researchers map out anatomy of wooden breast syndrome in broiler chickens
Each year, Delaware farms raise more than 240 million broiler chickens, the top agricultural commodity in the state with a $3.5 billion impact on the state's economy......»»
Why Big Tech May Never Recover in China
Although the crackdown has eased since 2022, it has left a profoundly negative mark on the sector and state-business relations. Even by its own standards, the tech sector has had an extraordinary year. The surges in valuation of fi.....»»
Esports Unleashed: How Competitive Gaming is Transforming the Digital Arena
In recent years, esports has experienced an explosive growth trajectory, fundamentally altering the landscape of digital entertainment. From its origins in casual competitive gaming to its current status as a billion-dollar industry, esports has pave.....»»
Rivian"s Q1 net loss widens to $1.45 billion as revenue nearly doubles to $1.2 billion
Rivian's first-quarter deliveries surged 71 percent to 13,588 while production rose 48 percent to 13,980. Rivian expects to build 57,000 vehicles this year, about the same as last year......»»
Study underscores new strategies to fight drug-resistant bacteria
Several billion years ago, a genetic arms race began between bacteria and their viral killers. This seemingly eternal struggle continues today, with implications for diseases killing tens of thousands of people around the world each year......»»
Little-known self-driving startup raises $1 billion from Nvidia, Microsoft, SoftBank
Wayve is a UK startup with an AI-focused approach to solving autonomy for cars. It's akin to a vehicular version of ChatGPT......»»
Astronomers observe elusive stellar light surrounding ancient quasars
MIT astronomers have observed the elusive starlight surrounding some of the earliest quasars in the universe. The distant signals, which trace back more than 13 billion years to the universe's infancy, are revealing clues to how the very first black.....»»
American Axle revenue, profit climb in first quarter
American Axle & Manufacturing Holdings Inc. increased revenue and profit in the first quarter thanks to steadier production from its customers. The automotive supplier saw year-over-year revenue growth of 7 percent to $1.6 billion during the period,.....»»
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......»»
Research explores energy and land-use practices on US golf courses
In 2018, golf was estimated to contribute significantly to the US economy, generating $84 billion, supporting 2 million jobs, and providing $59 billion in compensation. Given its prominence, golf holds a valuable position within US culture. However,.....»»
Tim Cook says DOJ antitrust lawsuit against Apple is ‘misguided’
Apple on Thursday announced its earnings for the second fiscal quarter of 2024, slightly beating expectations with $90.75 billion in revenue. During an interview, Cook also took a moment to talk about the US Department of Justice’s (DOJ) antitrust.....»»
Apple announces Q2 2024 earnings, slightly beating expectations with $90.75 billion revenue
Apple has disclosed its fiscal year 2024 Q2 earnings results. The company reports $90.75 billion in revenue during the three-month period, dropping 4.31% year over year. Analysts expected revenue around $90.33 billion. Apple netted $23.64 billion i.....»»
Apple CEO Tim Cook bullish on China, thinking long-term
After revealing Apple's Q2 earnings, CEO Tim Cook shared he "feels great" about China due to beating expectations in a competitive environment.iPhone doing well in China despite shrinking marketApple earned $90.8 billion in the March quarter, beating.....»»
The COVID-19 pandemic changed our patterns and behaviors, which in turn affected wildlife
The Earth now supports over eight billion people who collectively have transformed three-quarters of the planet's land surface for food, energy, shelter and other aspects of the human enterprise......»»
Google paid Apple $20 Billion to be default search engine in 2022
The ongoing antitrust lawsuit against Alphabet by the Justice Department has revealed that Google paid Apple a staggering $20 billion in 2022 for default search engine status.In 2022, Alphabet paid Apple $20 billionGoogle's relationship has been unde.....»»