SpaceX Eyes $1 Trillion Valuation With Planned IPO Filing
SpaceX, the private space technology firm founded by Elon Musk, is reportedly preparing for a public listing that could value the company at more than $1 trillion. The move follows
Apple Watch Series 8 Cannot Accurately Measure Body Temperature
Apple is going to hold an event in September this year and at this event, there will be 5 products that will form the main highlight - iPhone 14 series,
Virgin Orbit Pauses Operations For a Week, Furloughs Nearly Entire Staff as it Seeks Funding
Virgin Orbit is furloughing nearly all its employees and pausing operations for a week as it looks for a funding lifeline, people familiar with the matter told CNBC. As reported
Police Ban PoS Transactions Inside FCID Annex Lagos
The Force Criminal Investigation Department (FCID) Annex in Lagos has banned Point of Sale (PoS) transactions within its premises as part of measures aimed at strengthening professionalism and security standards.
LL Flooring, Formerly Lumber Liquidators, to Close After 30 Years in Business
LL Flooring, the retailer once known as Lumber Liquidators, is shutting down operations after three decades in business. The company announced its decision to liquidate after failing to secure a
JPMorgan Reaches $290 Million Settlement With Jeffrey Epstein Victims
JPMorgan Chase has agreed to pay $290 million to settle a class-action lawsuit brought by Jeffrey Epstein's sexual abuse victims, according to attorney David Boies representing the victims. The victims
McDonald’s Japan Delays Toy Giveaway After Pokémon Promotion Sparks Backlash
McDonald’s Japan has postponed its upcoming “Happy Set” toy campaign following criticism that a recent Pokémon-themed giveaway triggered widespread food waste and profiteering. The fast-food chain announced on Thursday that
SEC Sues Elon Musk Over Alleged Disclosure Violations in Twitter Stock Acquisition
The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Elon Musk on Tuesday, accusing him of failing to properly disclose his growing ownership stake in Twitter - now
Anne Wojcicki’s Nonprofit Wins $305 Million Bid to Acquire 23andMe Following Bankruptcy
A nonprofit organization led by Anne Wojcicki, co-founder and former CEO of genetic testing company 23andMe, has successfully secured the acquisition of the company after it filed for bankruptcy in
Volkswagen Reboots its Groovy 60s-Era VW Bus – This Time it’s Faster, Roomier and Electric
It appears that there is a growing demand for car seats in the United States. In response, Volkswagen introduced the ID. Buzz, an electric van with a retro design, last
AstraZeneca Halts £200m Cambridge Expansion Amid Growing Pressure on UK Pharma Sector
AstraZeneca has paused its planned £200 million investment to expand its Cambridge research site, dealing another setback to the UK’s pharmaceutical industry just days after US rival Merck scrapped a
This is How Much the iPhone 14 Pro & iPhone 14 Max Will Cost You
We know for a fact that Apple’s iPhone 14 line-up will be launched around October 31, 2022. While details of the phone's specifications and new features have been circulating on
Melinda French Gates Explains Departure from Gates Foundation and Announces New Philanthropic Focus
Melinda French Gates, renowned philanthropist and co-founder of the Bill & Melinda Gates Foundation, has revealed her motivations for resigning from the foundation and detailed her future philanthropic plans. In
Alaska Airlines Cleared to Finalize $1.9 Billion Acquisition of Hawaiian Airlines, Says U.S. Transportation Department
The U.S. Department of Transportation (DOT) has given Alaska Airlines the green light to proceed with its $1.9 billion acquisition of Hawaiian Airlines, following an agreement between the carriers to
French Regulator Imposes €32 Million Fine on Amazon for Intrusive Worker Surveillance
A French regulator, the CNIL (French Data Protection Authority), has fined Amazon's French warehouse operator, Amazon France Logistique, €32 million ($35 million) for implementing an "excessively intrusive" surveillance system to
NASCAR Introduces Electric SUV Prototype, Emphasizes Commitment to Gasoline Engines
NASCAR, traditionally known for its roaring, gas-powered race cars, has taken a step into the electric future by unveiling an all-electric SUV prototype. This new vehicle, which boasts double the
IBM Retreats from China Amid Rising U.S.-China Geopolitical Tensions
IBM has become the latest Western company to scale back operations in China, with reports indicating that the tech giant is cutting over 1,000 jobs in the country. This move
Why Sports Teams Are Selling for Record Prices – And What It Means for Fans
Just months after the Boston Celtics broke records with a $6 billion sale, the Los Angeles Lakers have upped the ante with a $10 billion valuation - cementing their status
OpenAI Shuts Down Sora Video App, Ends Disney Partnership
OpenAI has discontinued its AI video-generation platform Sora, less than two years after its high-profile launch, as the company shifts focus to other areas of artificial intelligence. The move also
Tech Layoffs are Becoming the New Normal
Tech industry layoffs are surging in 2024, defying expectations amid substantial cash reserves accumulated by many firms. While last year's job cuts were attributed to economic pressures from inflation and
