Walmart is investing in Cruise, GM's majority-owned self-driving vehicle subsidiary, as part of a new $2.75 billion funding round for the company. The decision to invest comes about five months after the companies started working on a pilot program to use Cruise self-driving vehicles for deliveries in Scottsdale, Arizona. […]
A report released by the Federal Reserve Bank of Philadelphia on Thursday showed an unexpected acceleration in the pace of growth in regional manufacturing activity in the month of April. The Philly Fed said its index for current manufacturing activity rose to 50.2 in April from a downwardly revised 44.5 […]
The car was expected to have a price tag of Rs 10 lakh and launch was slated for this June. A year after the Bird group, which supplies aviation services to hospitality, tied up with Chinese automaker Haima Automobiles to assemble an electric hatchback car, the promoters (the Bhatia family) […]
It is intriguing that the CBI has shown little interest in the most scandalous and biggest collective investment scheme ever, from the Sahara group, asserts Debashis Basu. The Central Bureau of Investigation, often termed a ‘caged parrot’, recently searched the residences of three officers of the Securities and Exchange Board […]
“I see a much brighter future than some are seeing, and I see it happening sooner than many expect,” said California Governor Gavin Newsom on Wednesday. Newsom was addressing fears about a return to in-person instruction for the state’s students in 2021. “With caveats,” he continued, “I expect our kids […]
Some health experts say herd immunity is achievable, though difficult — but others are warning that it may not be possible when it comes to Covid-19. An article in Nature last month outlined five reasons why Covid herd immunity could be impossible, including more new variants, waning immunity and questions […]
China needs to halve carbon dioxide emissions from its coal-fired power plants by the end of the decade if it is to remain on course to become carbon neutral by 2060, according to research published on Thursday. To half emissions, the world's biggest producer of climate-warming greenhouse gas must shut, […]
American Airlines expects summer travel to be near pre-pandemic levels Boyd Group International president Mike Boyd weighs in on ‘FOX Business Tonight’ American Airlines announced Wednesday that it expects to fly at more than 90% of pre-pandemic seat capacity on domestic flights this summer, but travel analyst and Boyd Group […]
"This company has the potential to really dominate in enterprise-class restaurants offering what is the holy grail of technology in this industry, which is essentially unified commerce," Panera Bread founder Ron Shaich said. Par announced last week it would buy Punchh for $500 million. Since then, Par shares are up […]
Coinbase made its public market debut on Wednesday. Coinbase executives and investors saw the value of their shares skyrocket as a result. At Wednesday’s closing price of $328.28, two top execs’ shares are now worth a combined $957 million. See more stories on Insider’s business page. Coinbase, one of the […]
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