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......»»
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......»»
IBM acquires HashiCorp in multi-billion dollar deal to boost cloud reach
HashiCorp agrees to $6.4 billion takeover deal by IBM as the companies look to take on more of the market......»»
IBM to buy HashiCorp in $6.4 billion cash deal, expanding cloud portfolio
IBM and HashiCorp have entered into a definitive agreement under which IBM will acquire HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion. HashiCorp’s suite of products provides enterprises with extensive Inf.....»»
Sugar in baby food: Why Nestlé needs to be held to account in Africa
Nestlé has been criticized for adding sugar and honey to infant milk and cereal products sold in many poorer countries. The Swiss food giant controls 20% of the baby-food market, valued at nearly US$70 billion......»»
Spotify not adopting new App Store terms in the EU, submits app update with pricing info instead
Apple was hit with a $2 billion fine in the European Union last month for “abusive” App Store rules for music streaming services. In addition to the fine, the European Commission also said Apple must relax its anti-steering rules. As reported.....»»
Ford Q1 net income falls 24% to $1.3 billion; revenue rises despite lower production
Ford cited a strong performance from its commercial vehicle unit, which earned $3 billion before interest and taxes, as the reason revenue increased while shipments declined.....»»
Mantle heat may have boosted Earth"s crust 3 billion years ago
Little is known about the nature and evolution of Earth's continental crust before a few billion years ago because cratons, or stable swaths of the lithosphere more than 2–3 billion years old, are relatively rare......»»
How NASA Repaired Voyager 1 From 15 Billion Miles Away
The far-traveled space probe is once again transmitting usable data, after a glitch caused months of gibberish......»»
Updating California’s grid for EVs may cost up to $20 billion
Charging electric vehicles at home will exceed most power lines' capacity. Enlarge (credit: boonchai wedmakawand) California's electric grid, with its massive solar production and booming battery installations, is alread.....»»
Vast DNA tree of life for plants revealed by global science team using 1.8 billion letters of genetic code
A new paper published today (April 24) in the journal Nature by an international team of 279 scientists led by the Royal Botanic Gardens, Kew presents the most up-to-date understanding of the flowering plant tree of life......»»
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.....»»
Star bars show universe"s early galaxies evolved much faster than previously thought
The universe's early galaxies were less chaotic and developed much faster than previously thought, according to new research looking back more than ten billion years in time. An international team of astronomers led by Durham University, UK, has used.....»»
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......»»
NASA officially greenlights $3.35 billion mission to Saturn’s moon Titan
Dragonfly will push the boundaries of engineering and science as it explores Titan. Enlarge / Artist's illustration of Dragonfly soaring over the dunes of Titan. (credit: NASA/Johns Hopkins APL/Steve Gribben) NASA has fo.....»»
Apple nearing billion-dollar streaming TV deal with FIFA; still in the running for NBA rights
Apple is doubling down on soccer as an integral part of its sports strategy for Apple TV. According to a new report from The New York Times, FIFA is nearing a deal with Apple for the worldwide television rights to a new World Cup-style tournament bei.....»»
Apple close to securing $1B TV rights to new FIFA soccer tournament
Apple's next addition to its sports coverage could involve more soccer, with Apple said to be close to signing a billion-dollar deal for a new tournament.Apple logo on a soccer pitchApple already offers sports fans a lot of games and matches in a few.....»»
Biden unveils winners of $2 billion in green tax credits
Battery-material maker Novonix, electric vehicle charger manufacturer Wallbox and rare earth producer MP Materials Corp. were among about 35 recipients of clean energy tax credits totaling nearly $2 billion that were announced Friday by the Biden adm.....»»
Apple Pay NFC tech in iPhone will likely get opened up soon in the EU
The European Commission is set to approve Apple's opening up of Apple's NFC platform to third-party mobile wallets as soon as May, which could help save the iPhone maker from a $40 billion fine.NFC in the iPhone is chiefly used for Apple PayIn Januar.....»»
Actions needed beyond lawsuit to address social media"s influence on youth, say experts
While four Ontario school boards recently announced a $4.5-billion lawsuit against the social media giants behind Facebook, Instagram, Snapchat and TikTok, Brock University experts are calling for additional actions to address the influence popular o.....»»
Indigenous businesses are worth billions but we don"t know enough about them
Indigenous businesses generate about A$16 billion a year in revenue and employ more than 116,000 people—almost as many as the massive Coles retail group......»»