Customers wait in line at Xiaomi’s flagship store in Mong Kok, Hong Kong. Miguel Candela | SOPA Images | LightRocket | Getty Images In response, Xiaomi filed a lawsuit on Friday against the U.S. treasury and defense departments in the district court of Columbia, according to its investor relations website on Sunday. Xiaomi alleged that
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People tend to vegetables growing in a field as emission rises from cooling towers at a coal-fired power station in Tongling, Anhui province, China, on Wednesday, Jan. 16, 2019. Bloomberg Elon Musk is going to pay $100 million towards a prize to come up with the best carbon capture technology. (Or so he tweets. Details
The website of U.K. stock trading app Freetrade. Freetrade LONDON — British share trading app Freetrade told clients Friday that it had disabled purchases of U.S. stocks. Freetrade blamed the halt to U.S. stock purchases on a move by its currency exchange provider and their bank to limit the platform’s trading volume. Freetrade uses U.K.
A pedestrian wearing a protective mask crosses California Street in San Francisco, California, U.S., on Tuesday, Dec. 29, 2020. David Paul Morris | Bloomberg | Getty Images In late October, when San Francisco moved into California’s least-restrictive Covid-19 “yellow tier” — indicating minimal spread of the coronavirus — Lauren Crabbe was hopeful. Crabbe, the owner
US electric car maker Tesla Vice President Jerome Guillen poses at the Paris Auto Show on the last press day on October 3, 2014. The Paris Auto show opens to the public on Saturday. Eric Piermont | AFP | Getty Images Elon Musk’s electric car company notified customers on Friday that Tesla Service Centers now
Steve Huffman CEO, Reddit, delivers remarks on ‘Redesigning Reddit’ during the third day of Web Summit in Altice Arena on November 08, 2017 in Lisbon, Portugal. Horacio Villalobos | Corbis | Getty Images Reddit is having a moment. The online network of communities has been thrust into the spotlight this week after a group of
A Falcon 9 rocket launches the Transporter-1 mission in January 2021. SpaceX The U.S. Department of Justice is investigating Elon Musk’s SpaceX over whether the company discriminates against non-U.S. citizens in its hiring practices, according to court documents filed on Thursday. The DOJ’s division of Immigrant and Employee Rights received a complaint of employment discrimination
Tim Cook, chief executive officer of Apple, speaks at the 2019 Dreamforce conference in San Francisco on November 19, 2019. David Paul Morris | Bloomberg | Getty Images Apple CEO Tim Cook on Thursday linked Facebook‘s business model using data to serve targeted ads with real-world consequences, such as violence or reducing public trust in
Apple reported blowout earnings on Wednesday. Even during a global pandemic, every single product line was up, leading to the company’s first quarter with over $100 billion in sales. But Apple is still best known for the iPhone, which accounted for nearly 59% of the company’s revenue during the holiday quarter. The iPhone is booming,
Billionaire tech investor Chamath Palihapitiya told CNBC Wednesday that he closed out his position in GameStop, one day after joining the trading frenzy around the videogame retailer. He also defended the power of individual investors to compete with Wall Street hedge funds. The CEO of Social Capital and former Facebook executive tweeted Tuesday that he
Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Tesla CEO Elon Musk seemed to rally behind GameStop‘s epic surge, tweeting out a link to the Reddit board that’s largely hyped the stock. Shares of GameStop were up more
Getty Images The Amazon Echo has some new home security features that are now going live. Among other things, your Amazon Echo can make it sound like a dog is barking inside your house if your security cameras sense movement when you’re not home. The feature is part of Alexa Guard Plus, a subscription service
Steve Proehl | Corbis Unreleased | Getty Images Apple promoted its hardware chief, Dan Riccio, to a new role “focusing on a new project.” He will report to CEO Tim Cook, Apple announced on Monday. Riccio was previously the company’s senior vice president for hardware engineering, signing off on the physical aspects and electrical engineering
Still from Michelob Ultra’s 2021 Super Bowl commercial. Michelob Ultra This year’s Super Bowl will be an extravaganza of first-time Super Bowl advertisers. Super Bowl mainstays like Pepsi, Coke and Budweiser aren’t buying ad time on this year’s game (Pepsi is still sponsoring the halftime show.) Instead, they’re being replaced by companies that had a
Doctor Richard Dang (R), Assistant professor USC School of Pharmacy, administers a Covid-19 vaccine to Ashley Van Dyke as mass-vaccination of healthcare workers takes place at Dodger Stadium on January 15, 2021 in Los Angeles, California. Irfan Khan | AFP | Getty Images People who get vaccinated against Covid-19 at Dodger Stadium leave with inoculation
Mike Speiser Source: CNBC Venture capitalist Mike Speiser had a historic 2020. His firm, Sutter Hill Ventures, turned an initial investment of less than $200 million in Snowflake into a stake worth $12 billion after its IPO in September. Sutter Hill amassed its fortune in the cloud software vendor in a unique way. The typical