Jeff Bezos announces Blue Moon, a lunar landing vehicle for the Moon, during a Blue Origin event in Washington, DC, May 9, 2019. Saul Loeb | AFP | Getty Images Amazon is looking to expand its empire and Morgan Stanley believes Jeff Bezos‘ ambitious satellite internet plan may become one of its most lucrative businesses.
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Hemp plants are grown for medical research purposes in Chiang Mai province, Thailand. Taylor Weidman | Bloomberg | Getty Images With Thailand’s legalization of medical cannabis in February, some experts predict that other Southeast Asian countries may move to decriminalize the plant. If that happens, it could prove a significant opportunity for investors interested in
Istvan Kadar Photography | Moment | Getty Images Nearly 40,000 Con Edison customers were left without power Saturday after massive outages hit New York City. The utility company said it was responding to “extensive outages” on the westside of Manhattan and would share more information as it becomes available. The power outage was apparently caused
Cricket has been around for centuries, and with 104 nations as official members of the International Cricket Council, it’s now one of the world’s most popular sports. The Indian Premier League, or IPL, is a relatively new league, but it is already one of the richest cricket tournaments on the planet. In 2018, the IPL
From 2010 to 2011, I worked on YouTube’s artificial intelligence recommendation engine—the algorithm that directs what you see next based on your previous viewing habits and searches. One of my main tasks was to increase the amount of time people spent on YouTube. At the time, this pursuit seemed harmless. But nearly a decade later,
Nick Gregory, a 26-year-old manager, vapes on a JUUL at Botany Bay in Lexington, Ky. Charles Bertram | Tribune News Service | Getty Images A U.S. federal judge on Friday ordered the Food and Drug Administration to impose a 10-month deadline for the submission of e-cigarette applications, turning the screws on companies like Juul Labs
After months of negotiations, the Federal Trade Commission fined Facebook a record-setting $5 billion on Friday for privacy violations, according to multiple reports. The penalty comes after an investigation that lasted over a year, and marks the largest in the agency’s history by an order of magnitude. If approved by the Justice Department’s civil division,
Search for “best headphones” on YouTube, and a video by Marques Brownlee, a popular tech YouTuber with nearly 9 million subscribers, will likely be one of the first to appear. Published last November, his video “My Favorite Wireless Headphones | 2018!” has over 2.7 million views. In it, Brownlee describes his favorite pairs of Bluetooth
A docker works in front of a container ship at Qingdao Port in Qingdao, Shandong Province of China. ChinaFotoPress | Getty Images China’s dollar-denominated exports fell 1.3% in June from a year ago while imports fell 7.3% in the same period, the country’s customs department reported on Friday. Economists polled by Reuters had expected China’s June exports
Over the past two days, Federal Reserve chair Jerome Powell has told members of both chambers of Congress that he has “many serious concerns” about Facebook’s Libra cryptocurrency. Those include issues related to privacy and money laundering, as well as the platform’s potential to destabilize monetary policy around the world, should it catch on with
Amazon makes an expensive pledge to its workers, a hacker group hits 17,000 domains, and butt plugs are being used for scientific research. Here’s the news you need to know, in two minutes or less. Want to receive this two-minute roundup as an email every weekday? Sign up here! Today’s Headlines Amazon pledged $700 million
Darren Elias knows poker. The 32-year-old is the only person to have won four World Poker Tour titles and has earned more than $7 million at tournaments. Despite his expertise, he learned something new this spring from an artificial intelligence bot. Elias was helping test new software from researchers at Carnegie Mellon University and Facebook.
A Domino’s Pizza delivery driver Jason Alden | Bloomberg | Getty Images Delivery apps like UberEats, Doordash and GrubHub are cutting into Domino’s Pizza‘s business, so much so that it’s reducing sales growth for the world’s largest pizza chain, according to Morgan Stanley. Domino’s built its business around a fleet of drivers who deliver hot pizzas
Amazon announced Thursday that it will spend up to $700 million over the next six years retraining 100,000 of its US employees, mostly in technical skills like software engineering and IT support. Amazon is already one of the largest employers in the country, with almost 300,000 workers (and many more contractors), and it’s particularly hungry
Amarin Corp.: “You know, it’s pretty good. … I say, you know what, speculative but” buy, buy, buy. MPLX: “These pipeline compnies have been so painful, but they’re actually moving up. … I am literally going to stick my neck out … and say it’s O.K. to own.” Zynerba Pharmaceuticals: “Very interesting, but you know
Google, Amazon, and Apple say their AI-powered virtual assistants make it easier to get things done on smartphones or at home. Last month, a couple in the Waasmunster area of Belgium got an unexpected lesson in how these supposedly automated helpers really work. Tim Verheyden, a journalist with Belgian public broadcaster VRT, contacted the couple
The Wallich Residence is located within the Tanjong Pagar Centre (second from right), Singapore’s tallest building. Everett Rosenfeld | CNBC British technology firm founder James Dyson and his wife have bought a luxury penthouse in Singapore for a record 73.8 million Singapore dollars ($54.2 million), according to The Business Times newspaper on Wednesday. The privately
Traders work on the floor of the New York Stock Exchange (NYSE) in New York. Michael Nagle | Bloomberg | Getty Images Strong, widespread gains in June catapulted hedge funds to their best start to a calendar year in a decade as equity bets, trend-following and activist strategies paid off. Funds rose 5.7% in the
Depending on who you ask, blockchains are either the most important technological innovation since the internet or a solution looking for a problem. The original blockchain is the decentralized ledger behind the digital currency bitcoin. The ledger consists of linked batches of transactions known as blocks (hence the term blockchain), and an identical copy is
Last year, Ben Bartlett, a member of the Berkeley City Council, proposed an unusual idea to his colleagues: putting affordable housing on the blockchain. The city was facing an unprecedented housing crisis and the prospect of cuts to federal housing assistance. Why not turn to local residents to help fund a solution? The city would
The US women’s national soccer team is extremely good at two things: scoring goals and selling merchandise. Even before it won a second consecutive World Cup championship Sunday, the players’ home jersey, which is designed by Nike, became the top-selling soccer jersey ever in one season on Nike.com, according to the athletic-wear company. Sales were
Canopy Growth is in the best position to win in the emerging marijuana space and a new chief will be able to guide it through the next stage of the business. That’s what Constellation Brands CEO Bill Newlands told CNBC’s Jim Cramer on Monday, days after the company abruptly ousted founder Bruce Linton from the
European stocks are set to open lower Monday morning, after stronger-than-anticipated jobs data on Wall Street tempered expectations for a Federal Reserve rate cut. The FTSE 100 is seen 13 points lower at 7,540, the CAC is expected to open down around 17 points at 5,576, while the DAX is poised to start 53 points
Bojan Fatur | E+ | Getty Images Within weeks of giving birth, first-time mother Kyra Davis realized she was producing more milk than her baby needed. So she began storing it in her fridge and freezer at her San Francisco home. Davis had heard about the well-documented shortages at donor banks across the country. The
In October 2017, Twitter general counsel Sean Edgett faced difficult questions from the Senate Judiciary Committee about foreign interference in the 2016 election. Flanked by representatives from Facebook and Google, Edgett explained how Russia’s Internet Research Agency (IRA) had systematically spread fake news and stoked partisan sentiment through a carefully coordinated, years-long social media campaign.
Richard Harbaugh | Disney Parks The shelves at Disney’s new theme park land Star Wars: Galaxy’s Edge in California aren’t bare, but there are a few items you won’t be able to get your hands on right away. The Black Spire Outpost on the planet Batuu is a mecca for Star Wars fans. Here fans
Amazon turned 25 years old this week. In its quarter century of existence, it has created roughly a trillion dollars in shareholder value. Amazon dominates e-commerce, has the biggest cloud-computing infrastructure offering and leads the market for home assistants with its Alexa technology. Additionally, it has a burgeoning online ad business and is becoming a
Check out the companies making headlines in the premarket Friday: Amazon — A U.K. regulator is looking into the e-commerce giant’s investment in food-delivery start-up Deliveroo. The Competition and Markets Authority said Friday it has “reasonable grounds” for suspecting the two companies could “cease to be distinct. ” This would give the regulator the authority
Last week, at the Aspen Ideas Festival, I interviewed Tim Wu, a professor at Columbia Law School and author of a new book called The Curse of Bigness. We talked about antitrust and innovation, and he addressed arguments on the topic made by Facebook. An edited transcript follows. Nicholas Thompson: What I’m going to do
David Gelernter’s giant macaw, Ike, has taken a tumble. One moment he was there, offering agreeable squawks as Gelernter spoke, and then, in a flash of lightning, he wasn’t. Ike is fine, the 64-year-old Yale computer scientist assures me, simply stunned. “Luckily he’s as light as a bird. So he can fall great lengths and