Business

In the U.S., the Friday after Thanksgiving is referred to as Black Friday. In the United States, it usually symbolizes the beginning of the holiday shopping season. Numerous retailers have heavily advertised bargains at reduced pricing and frequently open early, often as early as 12:30. Since 2005, Black Friday has consistently been the largest shopping […]

Best Buy has seen a sharp rise in the number of retail thefts in the recent past. According to chief executive officer Corie Barry, there has been a considerable jump in organized crime with people coming in groups to steal consumer electronics. She said that it has become a trend these days and this is […]

The USD 1 trillion infrastructure package, which now awaits President Joe Biden’s signature, includes funds for roadways, bridges, harbors, rail transportation, safe drinking water, the power system, and internet connectivity, among other projects. The bipartisan measure was approved by the House on Friday night, and Biden announced on Saturday that he will arrange a signing […]

In Florida, a fairly routine trial is taking place: A dead man’s family is suing his business associate for ownership of their partner’s fortunes. The assets in dispute, in this case, include a cache of approximately one million bitcoins, equal to approximately USD 64 billion currently, owned by bitcoin’s founder, the pseudonymous Satoshi Nakamoto. According […]

In Asia, trading on Tuesday, Bitcoin, as well as Ethereum, reached new highs, with anticipation for cryptocurrencies acceptance and concerns over inflation boosting enthusiasm as well as channeling greater inflows into this investment market. Bitcoin reached a high of USD 68,564 in Asia’s afternoon trade sessions, while Ether, the second-largest cryptocurrency by market price, had […]

Tesla CEO Elon Musk, a famous Twitter junkie, felt it would be a great gesture to allow the platform’s users to determine whether or not he should pay more taxes, so he created a poll. Musk questioned the Twitterati if he should liquidate 10% of his Tesla shares, stating he was willing to honor the poll’s […]

Several companies have been on driverless technology. While some are in the advanced stage, others are working to make a way forward. Amid all this Silicon Valley startup Gatik has provided fully driverless trucks to Walmart and are being used without safety drivers. Walmart has now revealed that it has been using these fully driverless […]

On-demand delivery giant Doordash has signed a deal to acquire Finnish delivery startup Wolt. The deal would be an all-stock transaction that is valued at USD 8.1 billion. Doordash said that acquisition is part of its efforts to give a push to the company’s international expansion. Wolt, which started as a food delivery platform, has […]

Elon Musk is known for being vocal on the microblogging platform Twitter, where he has almost 63 million followers. He is now asking these followers to decide on something. Musk proposed selling 10 percent of his Tesla stock and asked his followers to determine the future. He started a Twitter poll where he wrote – […]

Apple has never discussed its plans about electric cars or self-driving software, but it is reportedly quietly building a team. There are reports that it has now hired a former Autopilot software engineer Tesla. Sources privy with the development said that Christopher “CJ” Moore will be working on the self-driving software of the tech giant. […]

Cybersecurity software maker McAfee is planning to go public. It is in advanced talks with private equity firm Advent International for this, according to people privy with the development. Advent, one of the leading consortiums of investors. The list includes names like Canadian pension plan CPP Investment Authority, private equity firm Permira, Crosspoint Capital, and […]

This holiday shopping season, Walmart outlets will ship Christmas supplies such as Thanksgiving turkeys, Black Friday bargains, as well as Christmas lights to users. The nation’s biggest retailer stated on Thursday that it is “supplying greater convenience” by extending store delivery operations, increasing delivery periods, and expanding the availability of same-day as well as next-day orders from […]

Giphy was bought by Facebook on May 15, 2020. A UK regulator penalized Facebook USD 70 million for intentionally withholding facts regarding its Giphy purchase. Even members of Congress felt Facebook’s USD 400 million deal was a terrible idea when it began in 2020. In August, UK authorities criticized the company’s interactions with the large […]

Rental car company Hertz Global Holdings Inc has taken its first big step toward electrifying its fleet by ordering 100,000 Teslas. The company is expected to receive the first tranche of Tesla’s Model 3 sedans as early as November. The entire fleet will be delivered over the course of the next fourteen months. This is […]

have been evolving and the model of Google Play is based on feedback that we receive from our developer ecosystem. We are always working on bringing changes to make developers successful on Play Store,” a spokesperson said. Days after Apple reduced service fees in its app store, Google has announced a similar move. Google said […]

Donald Trump is no longer included in Forbes’ list of the wealthiest Americans. It’s the first time that the ex-president has not made the cut in 25 years. As per Forbes, Trump is by no means impoverished, which presently values the real estate magnate at USD 2.5 billion. However, his estimated value plummeted by about […]

DeepRoute.ai, a Chinese autonomous vehicle start-up, has received more than USD 300 million in funding from Alibaba. This Shenzhen-based startup develops self-driving systems for automobiles, which include both software and hardware. DeepRoute.ai operates a fleet of self-driving taxis, some of which are managed by partners such as ride-hailing company CaoCao and carmaker Dongfeng Motors. However, […]

American private equity group Clayton, Dubilier, and Rice has emerged as a winner in the long battle to takeover WM Morrison Supermarket Plc. The battle to take over Britain’s fourth-largest supermarket went for almost four months. New York-based CD&R defeated private equity rival Fortress Investment Group. Commenting on the bid, Morrison chairman Andrew Higginson that […]

Activision Blizzard has decided to settle a harassment lawsuit by a US government agency. The gaming company said it would pay USD 18 million to settle the lawsuit. The firm said that it has reached a settlement agreement with the Equal Employment Opportunity Commission. The settlement has been reached in a matter where the agency […]

Tesla CEO Elon Musk made a brief appearance at the 2021 World Internet Conference in Wuzhen and praised China and reassured the company’s commitment towards the country. Musk said that during his video appearance at the conference which was hosted by the Cyberspace Administration of China. Musk confirmed that his company would increase investment and […]