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Elon Musk Finally Reveals Plans For His Boring Company At Ted Conference [Video]

Elon Musk reveals what he wants his tunnel company to accomplish at a TED Talk. The Boring Company plans to solve Los Angeles traffic with a series of 3D tunnels.

Business

PlayStation Had Its Best Year With 20M PS4 Units Shipped, But Sony Predicts A Decline

Sony's PlayStation registered its best year ever, with the PS4 shipping 20 million units for an impressive total of 60 million. For the current fiscal year, however, Sony predicts a decline in PS4 shipments.

Business

Yahoo CEO Marissa Mayer Will Not Join Oath After Verizon Acquisition, But She Will Be $186 Million Richer

Yahoo CEO Marissa Mayer will make her departure in June, as she was not tapped to join the executive team of Oath. Mayer, however, will make $186 million upon the completion of Yahoo's sale to Verizon.

Business April 25, 2017

Spotify Hardware In The Works? Job Posting Reveals Ambition To Create Wearables, Smart Home Devices

A job listing revealed that Spotify is thinking about getting into the hardware business. The device that the music streaming service is planning is apparently inspired by the Snap Spectacles, the Amazon Echo, and the Pebble Watch.

Business April 25, 2017

Oregon Teen Sells $1 Million Worth Of Custom Socks: Here's How He Did It

A teenager from Sherwood, Oregon built his custom sock business from scratch. Find out what it took for it to become the million-dollar success it is today.

Business April 24, 2017

San Francisco Power Outage Caused By Failure Of Circuit Breaker: Here's What Happened

Many were alarmed when San Francisco became part of the multi-city power outage on April 21, but officials say there is nothing to fear. Official statements blame fire for the blackout.

Business April 22, 2017

Trump’s ‘Buy American, Hire American’ Executive Order Limits Visa Program For Tech Workforce

Under the ‘Buy American, Hire American’ initiative, President Donald Trump signed an Executive Order targeting the H-1B work visa program. This could bring significant changes for the tech companies contracting highly skilled immigrant workforce, altering the visa allocation system.

Business April 20, 2017

Former Microsoft CEO Steve Ballmer Outs USAFacts To Make Government Spending And Other Data More Transparent

Steve Ballmer has taken on government transparency next, having outed his newest venture, USAFacts. It’s a site where government revenue, spending and other related data are centralized and presented in an intuitive way.

Business April 19, 2017

Malaysia Airlines: First Major Airline To Use Satellite Technology To Track Own Fleet

Malaysia Airlines will be the first airline to use space-based satellite technology to track its planes. Malaysia Airlines is still reeling from the 2014 disaster when its Flight 370 disappeared in the Indian Ocean.

Business April 19, 2017

Starbucks Releases Its New Unicorn Frappuccino And It’s As Magical As You’d Expect

Check out the latest mythically inspired drink by Starbucks: the Unicorn Frappuccino. This tasty creation changes color and flavor as you stir it, and is only available until April 23.

Business April 19, 2017

Apple To Invest Billions In Toshiba Chip Division, Potentially Rescuing It: Report

Amid Toshiba’s suffered losses and news surrounding the sale of its semiconductor unit, Apple might be coming to the rescue. Reports suggest that Apple is interested in bidding for the unit, potentially handing it around 30 percent stake.

Business April 15, 2017

T-Mobile Bids $8 Billion At FCC Airwaves Auction: Un-Carrier Now In Position To Topple AT&T, Verizon

T-Mobile bid nearly $8 billion at the recently concluded auction for broadcast airwaves spectrum by the FCC. The wireless licenses that the Un-Carrier acquired would allow it to further challenge, and possibly outmuscle, AT&T and Verizon.

Business April 14, 2017

Uber Loses Rachel Whetstone, Head Of Communications, Amid Company Woes And High-Profile Exits

Uber’s head of communications Rachel Whetstone has chosen to leave the company for undisclosed reasons. Her exit follows several high-profile exits at Uber in recent months, alongside publicized scandals about the company’s bleak workplace culture.

Business April 12, 2017

Tesla Claims Throne As America's Most Valuable Carmaker From General Motors

Tesla has surpassed General Motors as the most valuable automobile manufacturer in the United States, with a market cap of $51.5 billion. The company's rise shows the increasing focus on electric vehicles and powerful software.

Business April 11, 2017

FCC Chairman Junks Proposal To Allow In-Flight Voice Calls Using Mobile Phones

FCC Chairman Ajit Pai junked the proposal of his predecessor, Tom Wheeler, to allow airline passengers to make phone calls while in flight. Pai said that the proposal is ill-conceived and not in the public interest.

Business April 11, 2017

Good Time To Fly? New Report Lauds US Airlines For Improved Performance

U.S. airlines generally had a better performance last year, according to the results of Airline Quality Rating 2016. Find out how the airlines fared in terms of baggage handling, flight arrivals, and government-filed complaints.

Business April 10, 2017

Tesla’s Advanced Automation Group Cancels All Existing Contracts To Focus On Model 3 Production

Tesla Advanced Automation Germany steers all efforts into Model 3 production, canceling all existing contracts with other car manufacturers and outside clients in the process.

Business April 14, 2017

Netflix To Bid Farewell To 2 Longtime Senior Management Officers In July

Two veteran senior management officials are leaving Netflix amid the streaming service’s continuing global expansion. Netflix Japan's Greg Peters will take over as chief product officer.

Business April 14, 2017

Boeing, JetBlue Invest In 'Tesla For The Air' Startup Zunum Aero: Hybrid Electric Airplane By 2020s?

Boeing and JetBlue made separate investments into Zunum Aero, a startup described as 'Tesla for the Air.' The company is looking to significantly reduce the costs of short-haul flights through the development of hybrid electric aircraft.

Business April 6, 2017

Tesla Surpasses Ford Market Value As Stock Borders On $300: Here Are The Factors Driving Company's Growth

Tesla's market value officially outpaces Ford because of the record vehicle deliveries in Q1 of 2017, with the electric car maker's stock bordering on $300.

Business April 4, 2017

Yahoo, AOL To Merge Into New Company Named 'Oath' After Verizon Acquisition

After the completion of the acquisition by Verizon, Yahoo and AOL will merge to form a new company named Oath. The name, first reported by Business Insider, was later confirmed by AOL CEO Tim Armstrong.

Business April 3, 2017

#20PercentCounts: Sheryl Sandberg-Led LeanIn.Org Launches Equal Pay Day Campaign

Lean In marks this year’s Equal Pay Day through an innovative campaign called #20PercentCounts. Dedicated to women, who typically earn 20 percent less than men, this campaign offers the same percentage in shopping discounts.

Business April 3, 2017

Samsung Plans To Spend $8.9 Billion To Beef Up OLED Production

Samsung is planning on spending $8.9 billion to increase OLED production and meet the demand of the market, which includes the alleged deal with Apple for 160 million panels that'll be fitted on the iPhone 8.

Business April 3, 2017

Oculus Cofounder Palmer Luckey Is Officially Leaving Facebook, Just A Year After The Rift Launched

It’s official: Palmer Luckey is leaving Facebook, three years after Facebook acquired the company he cofounded. The exit follows Luckey’s thinning public appearances, high-profile lawsuits, and a recent corporate shakeup.

Business March 31, 2017

Amazon Shutting Down Diapers.com And Other Quidsi Sites, Cites Lack Of Profits As Main Reason

Amazon has announced that it’s officially shutting down Quidsi, which still stands as one of its largest acquisitions ever. An analyst speculates that the move might be Amazon’s way of pulling Quidsi users into its own ecosystem.

Business March 30, 2017

Uber Publishes First Diversity Report: The Company Is Mostly White And Male

Uber has now published its first-ever diversity report after numerous workplace allegations painted a bleak picture of its internal operations. The results are, well, unsurprising.

Business March 28, 2017

United Airlines Stops Two Teenage Girls From Boarding Flight For Wearing Leggings

Two teenage girls were stopped from boarding their United Airlines flight because their leggings were deemed inappropriate by the gate agent. The incident has sparked outrage and sexism allegations across social media.

Business March 27, 2017

Jobs At Risk Of Automation: The Likelihood Of Human Workers Being Replaced By Robots In Different Countries (PwC)

Millions of workers could lose their jobs to robots and artificial intelligence in the future, with some more at risk than others. Roughly 38 percent of U.S. jobs might be at risk of automation, a new PwC report reveals.

Business March 24, 2017

Tesla Honored As 2017’s ‘Battery Innovator Of The Year’ At The International Battery Seminar

International experts in the field of battery research recognized Tesla’s contributions and cutting-edge innovations in battery technology. Tesla exec and battery expert says it’s all about implementation.

Business March 24, 2017

Twitter Paid Subscription Service For Public Figures And Business May Soon Launch

Twitter is reportedly considering a paid subscription service for an improved Tweetdeck, targeting power users. The premium tool, as described in a released survey, will make it easier for public figures and companies to manage their accounts.

Business March 24, 2017

Alaska Airlines Drops Virgin America Brand in 2019, But Keeps Carrier's Popular Features

In its bid to dominate the U.S. West Coast, Alaska Airlines will retire the Virgin America brand by the end of 2019. The move was announced just three months after the acquisition of the Richard Branson-led carrier.

Business March 23, 2017

Uber CEO Musters Board’s Support: Overhaul Of Corporate Culture And New COO On The Way

Uber CEO Travis Kalanick has been assured support by the board in tackling the company’s challenges at the image front following allegations against business practices. The board also said it is taking steps to overhaul Uber's corporate culture.

Business March 23, 2017

Airbnb China Expansion Brings New Name And Hefty Investment: Meet 'Aibiying'

Airbnb has announced a major push for China, doubling down on its efforts and rebranding itself in the country. Airbnb will be called 'Aibiying' in China, which means 'welcome each other with love.'

Business March 22, 2017

Uber Promises To Change After Storm Of Controversy: Will The Company Survive The Scandals?

In a special press call hosted by board member Arianna Huffington, Uber promised that changes are coming to the ride-hailing company amid the storm of controversy surrounding it. Will Uber survive through the ordeals?

Business March 22, 2017

Watch Out Amazon And Google, Walmart Could Have A Drone Delivery System In The Works

Walmart has been granted a patent for a drone delivery system as it looks to lock horns with Google and Amazon, . The patent filing states that drones will be used for in-store product delivery in Walmart’s various outlets.

Business March 18, 2017

Lack Of Oxford Comma Leads Truck Drivers To Win Overtime Dispute Against Maine Company

The lack of the Oxford comma could lead Oakhurst Dairy to lose an estimated $10 million to its truck drivers. The class-action lawsuit centers on overtime pay being disputed based on the lack of a comma in an exemption clause.

Business March 17, 2017

Think Facebook's Messenger Day Is Just A Messy Snapchat Copycat? Think Again

Facebook's Snapchat copycat Messenger Day may be more than just a copy of its competitor's features. It's a business move from Facebook that does more damage than many may think.

Business March 18, 2017

Fed Rate Hike: Will It Effect Your Finances?

The Federal Reserve has hiked the benchmark interest rates to 1 percent, from the existing 0.75 percent. This has led to wide speculation and analysis of how the finances will be affected by the hike.

Business March 18, 2017

If You Can’t Beat Them, Hire Them: Apple Hires Renowned iOS Jailbreaker And Security Expert Jonathan Zdziarski

Apple is bringing Jonathan Zdziarski, a renowned iOS security expert and digital forensics consultant, on board to join its security team. Zdziarski broke the news on his personal blog.

Business March 15, 2017

Marissa Mayer Out, Thomas McInerney In As Yahoo CEO After Verizon Acquisition

Yahoo President and CEO Marissa Mayer is being replaced by Thomas McInerney, a member of the Yahoo board of directors since 2012, after Yahoo sold its digital services to Verizon. The latter acquired Yahoo in a mega-deal worth $4.8 billion.

Business March 15, 2017

Intel's $15B Mobileye Acquisition Could Be A Game Changer For Driverless Car Tech: Should Tesla And Nvidia Be Worried?

Intel has confirmed its acquisition of Mobileye in a massive $15.3 billion deal that could shake up the driverless car tech sector. This new alliance could pose a real challenge to Tesla and Nvidia, making the autonomous driving race more heated than ever.

Business March 14, 2017

Snap IPO Opens The Door To More Filings: Identity Management Provider Okta Files $100M IPO

The recent Snap IPO has breathed new life into the technology IPO scene and things are starting to pick up. Identity management firm Okta has now filed an IPO seeking to raise $100 million.

Business March 14, 2017

Intel Confirms Acquisition Of Mobileye Self-Driving Car Tech Firm For $15.3 Billion

Intel has confirmed that it is cquiring self-driving car tech firm Mobileye for $15.3 billion on March 13. As part of the deal, Intel will be shelling out $63.54 per share for Mobileye in cash.

Business March 13, 2017

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