By Catherine Thorbecke, CNN Business Private astronaut missions to the International Space Station will have to be chaperoned by a former NASA astronaut, per new proposed requirements from the US space agency. NASA posted a public notice online on Tuesday that laid out a handful of updated requirements for future private astronaut missions, which the
Continue ReadingCNN By Sara O’Brien, CNN Business Even higher gas prices and soaring inflation aren’t slowing down Uber’s rebound from the worst days of the pandemic. Uber on Tuesday said its revenue hit $8.1 billion during the three months ending in June, more than doubling from the year prior as more customers turn to the ride-hailing
Continue ReadingBy Sara O’Brien, CNN Business Even higher gas prices and soaring inflation aren’t slowing down Uber’s rebound from the worst days of the pandemic. Uber on Tuesday said its revenue hit $8.1 billion during the three months ending in June, more than doubling from the year prior as more customers turn to the ride-hailing service.
Continue ReadingBy Catherine Thorbecke, CNN Business Two years after then-President Donald Trump said he would ban TikTok in the United States through an executive order, the short-form video platform is once again under scrutiny in Washington. And the underlying issue remains largely the same: TikTok’s ties to China through its parent company, Bytedance. A growing number
Continue ReadingBy Catherine Thorbecke, CNN Business If you have one or more drawers filled with old gadgets and wires, you’re not alone. Decades of the tech sector’s pressure to “innovate or die” have led to a long list of useful and flashy household tech products, but many of these same devices also have a need to
Continue ReadingCNN, CNN BUSINESS By Ashley Strickland, CNN A robot created at Stanford University in California is diving down to shipwrecks and sunken planes in a way that humans can’t. Known as OceanOneK, the robot allows its operators to feel like they’re underwater explorers, too. OceanOneK resembles a human diver from the front, with arms and
Continue ReadingBy Ashley Strickland, CNN A robot created at Stanford University in California is diving down to shipwrecks and sunken planes in a way that humans can’t. Known as OceanOneK, the robot allows its operators to feel like they’re underwater explorers, too. OceanOneK resembles a human diver from the front, with arms and hands and eyes
Continue ReadingBy Catherine Thorbecke, CNN Business Twitter’s lawsuit against Elon Musk over his move to terminate their $44 billion acquisition agreement will go to trial on Oct. 17 and run for five days, a Delaware judge has ruled. Judge Kathaleen St. Jude McCormick, who is overseeing the case, issued the order for the trial dates late
Continue ReadingBy Clare Duffy, CNN Business Much of contemporary Silicon Valley was built on advertising dollars. That dependence made even the most powerful companies look at least somewhat vulnerable this week after reporting their latest earnings results. “We seem to have entered an economic downturn that will have a broad impact on the digital advertising business,”
Continue ReadingCNN By Rishi Iyengar, CNN Business Amazon appears to still be going strong even as other Big Tech companies stumble amid pressure from inflation and an economic downturn. The e-commerce giant on Thursday reported net sales of $121.2 billion for the quarter ended June 30, a 7% increase from the same quarter last year and
Continue ReadingCNN By Catherine Thorbecke, CNN Business Instagram on Thursday said it will walk back some of its recent feature changes after facing mounting backlash from users, including members of the Kardashian family. In recent days, Instagram has come under fire from users who are frustrated that the photo-sharing app is becoming too much like rival
Continue ReadingBy Catherine Thorbecke, CNN Business Instagram on Thursday said it will walk back some of its recent feature changes after facing mounting backlash from users, including members of the Kardashian family. In recent days, Instagram has come under fire from users who are frustrated that the photo-sharing app is becoming too much like rival TikTok.
Continue ReadingBy Clare Duffy, CNN Business Even the world’s most valuable tech company isn’t immune to the more challenging global economic climate. Apple on Thursday reported its profits declined by nearly 11% in the three months ending in June from the same period a year ago as the company works through an economic downturn and supply
Continue ReadingBy Rishi Iyengar, CNN Business Amazon appears to still be going strong even as other Big Tech companies stumble amid pressure from inflation and an economic downturn. The e-commerce giant on Thursday reported net sales of $121.2 billion for the quarter ended June 30, a 7% increase from the same quarter last year and higher
Continue ReadingBy Rishi Iyengar, CNN Business For close to two decades, Apple and China have been inextricably linked. The world’s most populous country not only accounts for the bulk of Apple’s device manufacturing but also a significant portion of its sales. This year, however, several cracks have started to appear in an otherwise mutually beneficial relationship.
Continue ReadingBy Clare Duffy, CNN Business Facebook is in decline. Meta, Facebook’s parent company, reported revenue of $28.8 billion for the three months ending in June, a 1% drop from the prior-year quarter and its first year-over-year revenue decline since going public in 2012. The company’s profit fell far more sharply. Net income during the quarter
Continue ReadingBy Clare Duffy, Rachel Metz and Brian Fung, CNN The Federal Trade Commission on Wednesday moved to block Facebook-parent Meta from acquiring virtual reality company Within, offering the clearest signal yet that the agency could take a tougher stance on Silicon Valley deals involving newer technologies. In a complaint filed Wednesday in federal court, the
Continue ReadingBy Catherine Thorbecke, CNN Business TikTok on Wednesday said it would share more data with certain researchers to study activity on the platform amid renewed scrutiny of the short-form video app’s impact on society and its ties to Beijing. Later this year, the company will provide “selected researchers” with access to its API, or application
Continue ReadingBy Clare Duffy, CNN Business Twitter has set a date for its shareholders to vote to approve its $44 billion acquisition deal by Elon Musk, despite the company’s ongoing legal battle with the billionaire Tesla CEO over the deal. The company on Tuesday sent shareholders a letter saying it would hold a virtual special meeting
Continue ReadingBy Clare Duffy, CNN Business Online advertising companies have been warning of a slowdown in ad demand amid high inflation and recession fears, and despite its size, Google has been no exception. Sales from Google’s core advertising business hit $56 billion during the three months ended June 30, the company reported Tuesday. That marks an
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