A United Parcel Service Inc. (UPS) driver delivers boxes in New York, U.S., on Tuesday, Oct. 13, 2020. Bloomberg | Bloomberg | Getty Images U.S. e-commerce sales in 2020 grew more than 30% from 2019, according to quarterly figures released by the U.S. Department of Commerce on Friday, as the coronavirus pandemic and nationwide lockdowns
Technology
Tim Cook (left) and Steve Jobs in 2010. Kimberly White | Getty Images In 2007, Apple unveiled the iPhone. Apple didn’t invent the smartphone — companies like Palm and Blackberry had been selling them for years. But the iPhone introduced a totally new way to interact with computers. The always-on internet connectivity, finger-friendly touch screen, and
Australia Prime Minister Scott Morrison. David Mariuz | Pool | Getty Images Facebook users in Australia are slowly coming to terms with the fact that they’ll no longer be able to get their daily news updates on the platform. In a snap decision announced Wednesday, the social media giant said it was no longer going
New York Giants wide receiver Sterling Shepard (87) catches a pass in front of Pittsburgh Steelers strong safety Terrell Edmunds (34) and linebacker Devin Bush (55) during the first half at MetLife Stadium. Vincent Carchietta | USA TODAY Sports The National Football League wants to charge its current network partners double what they’ve been paying
A driver uses the Uber app to drop off a passenger in London. Chris J. Ratcliffe | Bloomberg via Getty Images LONDON — Uber lost a crucial legal fight in the U.K. on Friday, as the country’s Supreme Court upheld a ruling that its drivers should be classified as workers rather than independent contractors. The
Jeff Green, CEO of The Trade Desk Scott Mlyn | CNBC The Trade Desk CEO and co-founder Jeff Green says last year was a wake-up call to the advertising industry, as consumers move away from watching traditional TV and toward streaming and online video instead. “2020 was a wake-up call to the advertising industry when
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 CEO Steve Huffman will tell members of Congress on Thursday that no significant activity on the company’s online community WallStreetBets last
Amazon.com boxes are shown stacked near a Boeing 767 Amazon “Prime Air” cargo plane on display in a Boeing hangar in Seattle. Ted S. Warren | AP Amazon‘s aircraft fleet is on pace to have doubled in size between May 2020 and June of this year, laying further groundwork for Amazon Air to rival the
GEORGES GOBET | AFP | Getty Images Ford is investing $1 billion in an electric vehicle production facility in Cologne, Germany, with the European arm of the automotive giant committing to go “all-in” on electric vehicles in the years ahead. In plans announced Wednesday morning, Ford said its entire passenger vehicle range in Europe would
Saul Loeb | AFP | Getty Images Amazon CEO Jeff Bezos reclaimed his title as the world’s richest person after he leapfrogged Tesla CEO Elon Musk, according to real-time data from Forbes. Musk saw his net worth slide by $3.9 billion on Tuesday as Tesla shares closed at $796.22, down more than 2.4%. The 49-year-old
Acorn Computers co-founder Hermann Hauser. Getty LONDON — The European Innovation Council has encountered some early setbacks but is now headed in the right direction, according to a vice chair of the advisory board Hermann Hauser, who became a venture capitalist after helping to set up chip designer Arm. The EIC has been given 10
Russian President Vladimir Putin attends the Extended Boards of Interior Ministry on February 26, 2020 in Moscow, Russia. Mikhail Svetlov | Getty Images Russia hasn’t ruled out the idea of President Vladimir Putin talking to Tesla billionaire Elon Musk on social media app Clubhouse, according to multiple media reports. Kremlin spokesperson Dmitry Peskov on Monday
Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images LONDON — Uber called on the European Union to introduce a framework for gig economy workers, floating a model similar to that adopted by California after a contentious fight over
Kansas City Chiefs’ Patrick Mahomes in action, Super Bowl, Raymond James Stadium, Tampa, Florida, February 7, 2021. Shannon Stapleton | Reuters To understand the big challenge facing American media, look at Super Bowl ratings over the past ten years. This year’s game got 96.4 million viewers, the lowest rating since 2007. There are all sorts
From left, the flags of the Hong Kong Stock Exchange, China and Hong Kong are seen flapping in the wind on May 6, 2019. Anthony Wallace | AFP | Getty Images Venture firm DCM just generated a $16 billion return from the IPO of Chinese social media app Kuaishou. The listing took place in Hong
CNBC recently got a tour of Lucid Motors’ new factory in Casa Grande, Arizona, where it will build its luxury electric sedan, the Air. The first phase of the facility was completed in November 2020, about a year from when construction broke ground. Lucid is currently building “release candidates” of the Air as it prepares