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Tesla shares fall after Consumer Reports says it will no longer recommend Model 3
Tesla shares fall nearly 2 percent after a new report, based in part on the reviews of thousands of vehicle owners, raises questions about the reliability of Tesla's Model 3.Consumer Reports says it will no longer recommend the Model 3 due to the reliability issues.A Tesla spokesperson said, ...
Amazon exec says A.I. in health care is finally moving beyond hype
Amazon's senior health leader, Taha Kass-Hout, talks up the company's advances in artificial intelligence.Kass-Hout points to Amazon's Comprehend Medical as an example of AI moving beyond hype to reality. Amazon doesn't talk much about its plans in health care. ...
The iPhone is too expensive for Chinese customers, so Apple is offering them interest-free loans
In an effort to boost falling sales in the region, Apple introduced two-year financing to Alipay users who buy their products.Apple saw a $5 billion drop in revenue in China during Q1 2019 compared with the previous year. ...
Dropbox drops sharply after guidance disappoints
Dropbox's stock moved lower after the company gave guidance that was lower than expected in some areas. The company beat estimates on the top and bottom lines for the fourth quarter. ...
Food-delivery company DoorDash valued at $7.1 billion in new fund-raising round
DoorDash has raised $400 million in a round led by Temasek Holdings and Dragoneer Investment Group, at a valuation of $7.1 billion. In August 2018, it was valued at $4 billion.The company faces fierce competiton from GrubHub, as well as IPO candidates Postmates and Uber. ...
In Theranos' final days, Elizabeth Holmes brought in a puppy that peed in the office
The Siberian husky, named Balto after a determined dog of the early 20th century, ran amok in the Theranos offices and caused concern it would contaminate medical samples, according to Vanity Fair.The anecdote, while quirky and comical at surface level, ...
This is the year Apple will finally do a big acquisition, predicts analyst Dan Ives
Apple needs to make a big push into content – and in doing so, it should make a significant acquisition, Wedbush Securities' Dan Ives says.'You need to monetize, you need fuel in the tank and we believe it's content. That's why be we believe this is the year they finally do a big M&A,' he says. ...
SpaceX powering Israeli spacecraft in first privately-funded moon mission
An Israeli spacecraft powered by SpaceX rockets will be launched on Thursday evening.Powered by SpaceX's Falcon 9 rocket, the launch is the first ever privately-funded moon mission.At $100 million, it is also the lowest-cost craft to be deployed to the moon. ...
Trump hints at a softer stance on Huawei in a bizarre '6G' tweet, as China trade talks resume
The series of tweets rang as odd because 6G technology doesn't exist.The tweets come as the Trump administration resumes crucial trade talks with Chinese negotiators ahead of a March 1 deadline to reach a deal. ...
Court documents give insight into plans of Amazon, JP Morgan, Berkshire Hathaway health venture
The joint health-care venture between Amazon, J.P. Morgan and Berkshire Hathaway is primarily focused on simplifying health insurance, Jack Stoddard, the group's chief operating officer, says in court testimony.The testimony, given last month in a case brought by UnitedHealth Group, ...
Stamps.com crashes nearly 50% after discontinuing partnership with USPS
Shares of Stamps.com plummeted more than 48 percent after hours Thursday following the shipping company's announcement that they will no longer be partnering with USPS. 'We will no longer be exclusive to the USPS and that's non-negotiable, ...
Semis are the hottest trade of the year. Here are 3 ways to play it
Semiconductor stocks are on a tear. The SMH semiconductor ETF and SOXX iShares semiconductor ETF have both rallied 18 percent so far this year, tracking for their best quarters since September 2016. The XSD S&P semiconductor ETF has done even better, racing more than 20 percent higher for 2019. ...
Tesla is fairly priced to get bought by a tech giant like Apple, fund manager says
Latitude Investment Management's Freddie Lait says Tesla's market value warrants a takeover bid.A tech company like Apple is the strongest candidate to pitch a bid for the electric car maker, he argues.Apple has been working on an electric car project of its own called 'Titan. ...
Tesla is going to be the next Amazon, says a major shareholder with a $4,000 per share target
Tesla is experiencing the same kind of skepticism that Amazon faced in its early days, says major Tesla shareholder Cathie Wood.Elon Musk, co-founder and CEO of the electric automaker, is going to prove the naysayers wrong, predicts the chief of ARK Invest. ...
Zuckerberg, forgetting about Facebook's Portal, doesn't want 'a camera in everyone's living room'
Facebook CEO Mark Zuckerberg says he wouldn't want to have a society where there is 'a camera in everyone's living room,' seeming to momentarily forget about his company's Portal, which is a camera meant for video chatting in the home. ...
Elon Musk tweeted, then revised, Tesla financial guidance. He probably shouldn't have.
The posts seem unoffensive by Musk's standard, given his penchant for inflammatory tweets. But the incident raises questions about the effectiveness of an SEC fraud settlement and attempts to rein in Musk's online antics. ...
It seems impossible that Tesla will have full self-driving car tech ready in a year, says analyst
Elon Musk recently said he expects Tesla to have all the features it needs for a fully self-driving car by the end of the year, and to be capable of safely transporting a sleeping passenger within two years.Karl Brauer, executive publisher at Cox Automotive, ...
Amazon's ad business will steal market share from Google this year, says eMarketer
Amazon is projected to claim 8.8 percent of the all digital ad spending in 2019.Google, by contrast, is expected to lose 1 percentage point of market share.Of the top five companies in digital advertising, only Amazon and Facebook are expected to grow market share in 2019. ...
Tesla has lost more than 40 execs since 2016 — here's an updated list
Tesla's executive exodus continued on Wednesday with the departure of general counsel Dane Butswinkas.Here's a list of known departures since 2016. Following is a list of executive departures from Tesla since 2016: Feb. 20: General counsel Dane Butswinkas will be replaced by Jonathan Chang, ...
Huawei president promises not to spy on US as Trump considers banning the company's equipment
Huawei President Ren Zhengfei says the company would not help China spy on the U.S. even if required by law.U.S. intelligence officials have raised concerns about Huawei's capacity to set up backdoors in its devices to help China spy on Americans.Ren's daughter, Huawei CFO Meng Wanzhou, ...