In this article VZ FKWL Verizon CEO Hans Vestberg speaks on the floor at the New York Stock Exchange, October 22, 2019. Brendan McDermid | Reuters Verizon is recalling 2.5 million hotspot devices after discovering that the lithium ion battery can overheat, creating a fire and burning hazard. The recall impacts Ellipsis Jetpack mobile hotspots
Technology
An RWDSU union rep holds a sign outside the Amazon fulfillment warehouse at the center of a unionization drive on March 29, 2021 in Bessemer, Alabama. Elijah Nouvelage | Getty Images Counting began on Thursday in the unionization vote for workers at Amazon’s warehouse in Bessemer, Alabama, culminating months of a hard fought effort to
In this article GOOGL FB Peter Thiel, co-founder and chairman of Palantir Technologies Inc., speaks during a news conference in Tokyo, Japan, on Monday, Nov. 18, 2019. Kiyoshi Ota | Bloomberg | Getty Images Tech investor Peter Thiel criticized big U.S. technology companies for being too close to China at a Tuesday appearance at a
In this article TSLA This photo of a production version of Tesla’s Model Y was included in the company’s Q4 2019 earnings report. Tesla Tesla has refunded customers who they charged twice for new vehicle purchases made at the end of the first quarter, CNBC has learned. The refunds followed CNBC’s reporting on the duplicate
In this article LSEG-GB HFG-DE OCDO-GB TKWY-NL DHER-DE DASH AMZN ROO-GB A Deliveroo courier rides along Regent Street delivering takeaway food in central London during Covid-19 Tier 4 restrictions. Pietro Recchia | SOPA Images | LightRocket via Getty Images LONDON — Shares of Amazon-backed food delivery firm Deliveroo climbed by around 3% on Wednesday morning
Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings | Getty Images for TechCrunch In preparation for its debut on the Nasdaq next week, cryptocurrency exchange Coinbase said on Tuesday that first-quarter revenue climbed about nine-fold from last year, driven by a historic rally in the price of bitcoin. Revenue
Tim Cook announces iPhone 11. Source: Apple Apple CEO Tim Cook hinted at the company’s work in autonomous vehicles, following recent reports that the company is in renewed talks to develop its own car. “The autonomy itself is a core technology, in my view. If you sort of step back, the car, in a lot
In this article ORCL GOOGL Oracle Chairman Larry Ellison Getty Images Google parent Alphabet plans in the coming weeks to stop using Oracle financial software and instead start using software from SAP, CNBC has learned. Alphabet and Google core financial systems will move to SAP in May, Google told employees in an email that CNBC
A man counts 100 renminbi notes with the Chinese flag in the background. Sheldon Cooper | SOPA Images | LightRocket | Getty Images GUANGZHOU, China — Interest in China’s digital yuan project could in part be driven by the surging price of bitcoin, China’s central bank said Thursday, even as the cryptocurrency is effectively banned
GlobalFoundries campus in Malta, N.Y. Mary Thompson | CNBC GlobalFoundries, the third-largest foundry, is planning to invest $1.4 billion in its chip factories this year, and will likely double that investment next year, CEO Tom Caulfield told CNBC in an interview. Caufield said the company’s manufacturing capacity is completely booked and that industrywide semiconductor supply
After five and half years leading Waymo, John Krafcik announced Friday he is stepping down from his role, leaving the company to two co-CEOs Tekedra Mawakana and Dmitri Dolgov. Krafcik has overseen the company’s biggest milestones, its rebranding to Waymo, partnerships and raised outside funding all while leading enthusiasm through the ranks. But Krafcik’s departure
Amazon drivers begin their delivery routes as workers at an Amazon warehouse in Staten Island, New York prepare to walk off their jobs demanding stepped-up protection and pay after several workers at the facility were diagnosed with COVID-19. Paul Hennessy | Barcroft Media | Getty Images Amazon issued an apology on Friday to Rep. Mark
In this article GOOGL After five and half years guiding Waymo, Alphabet’s subsidiary developing autonomous-drive technology, John Krafcik has decided it’s time for someone else to run the company. Actually, it will be a pair of Waymo’s top executives, Tekedra Mawakana and Dmitri Dolgov, who will become co-CEOs of the company. In a blog post
In this article TSLA Tesla Model 3 Source: Tesla Tesla just reported first-quarter vehicle production and delivery numbers for 2021. In total, it delivered 184,800 vehicles and produced 180,338 cars. Analysts were expecting Tesla to deliver around 168,000 vehicles during this period, according to estimates compiled by FactSet as of April 1. Estimates ranged from
Apple’s new California Flats solar farm Courtesy of Apple Apple will use Tesla‘s Megapack at its new battery-based renewable energy storage facility, the smartphone-maker confirmed to CNBC on Thursday. Apple announced Wednesday it’s building a battery-based solar energy storage facility in California. The company said the facility will be capable of storing 240 megawatt-hours of energy,
In this article GOOGL FB TWTR Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Stephen Lam | Reuters Google, one of the first major U.S. companies to send employees home last year because of the coronavirus, is setting new remote work guidelines