News

September 28, 2021 By Josh Horwitz and Brenda Goh SHANGHAI (Reuters) – A new venture from the founder of Chinese automaker Zhejiang Geely Holding will aim to release its first smartphone by 2023 and sell 3 million units in its first year, according to a memo seen by Reuters. Geely, which owns Volvo, announced on […]

September 28, 2021 (Reuters) – Connecticut Sun forward Jonquel Jones has been named the winner of the WNBA’s Most Valuable Player award, the league said on Tuesday. Jones won the award in her fifth WNBA season after she received 48 of 49 first-place votes and 487 total points from a national panel of sportswriters and […]

September 28, 2021 (Reuters) – Shares of Amplitude Inc opened nearly 43% above their reference price in Nasdaq debut on Tuesday, notching up a valuation of about $5 billion for the Benchmark Capital-backed analytics company. San Francisco-based Amplitude, which confidentially filed for a direct listing in July, was valued at $4 billion after a funding […]

September 28, 2021 By David Kirton GUANGZHOU, China (Reuters) – Guo Hui, whose cleaning business is owed 20 million yuan ($3.1 million) by embattled real estate giant China Evergrande, is counting on the government to fix a crisis that has left his own company on the brink of bankruptcy. In the meantime, the 50-year-old known […]

September 28, 2021 By Lewis Krauskopf NEW YORK (Reuters) – Struggles are mounting for the flagship fund of star stock picker Cathie Wood’s ARK Invest, as investors favor stocks that can benefit from rising economic growth and rising bond yields threaten the appeal of technology shares. The ARK Innovation ETF, which had $25.5 billion in […]

September 28, 2021 (Reuters) – Amazon.com Inc on Tuesday announced a partnership with Walt Disney Co to launch an-Alexa powered voice assistant at Disney’s resorts and hotels, along with a feature that lets customers interact with Disney characters at home. (Reporting by Nivedita Balu in Bengaluru; Editing by Shailesh Kuber) Source Link Amazon partners with […]

September 28, 2021 (Reuters) -The Federal Reserve has said it will start to reduce its bond purchases as soon as November if the economy continues on its current track. Some officials will watch the September jobs report, due Oct. 8, for a final bit of evidence that the labor market has achieved “substantial further progress” […]

AngelList this week launched AngelList Stack, a new suite of products that will compete with Carta in providing services to help founders start, operate and maintain ownership over their companies. The new software will cover four bases: end-to-end incorporation, business banking, advisor equity grants and cap table management. “Every time you actually go to start […]

September 28, 2021 GENEVA (Reuters) – A 3.5-metre (11.5 ft)-tall puppet depicting a Syrian refugee girl arrived in Geneva on Tuesday as part of an 8,000-km (4,970-mile) walk across Europe to raise awareness of the plight of young refugees. “Little Amal” — which means ‘hope’ in Arabic — started her journey on July 27 in […]

September 28, 2021 BUCHAREST (Reuters) -The Romanian government of Liberal Prime Minister Florin Citu will face a no confidence vote on Oct. 5 after three parliamentary parties including a former ruling coalition partner agreed to back just one of two rival motions. USR Plus, which quit the coalition this month, the opposition ultra-nationalist AUR and […]

Amazon today announced a new subscription service called “Alexa Together,” designed for families with aging family members who are still living independently, but who may need extra support. The $19.99 per month subscription expands on Amazon’s existing product, Alexa Care Hub, an earlier investment in elder care, by taking many of Care Hub’s features and […]

iRobot’s CEO once told me, with a wink, that he didn’t become a truly successful roboticist until he became a vacuum salesman. It’s a good line, and one that betrays some fundamental truths about the industry. Robots are hard, and in a lot of ways home robots are doubly so. That no one has managed […]

Amazon is introducing two new services tied to user health and fitness, and its Halo personal health devices. They include Halo Fitness, a new service for interactive home video workouts that looks a lot like Apple Fitness+, and Halo Nutrition, a personalized, guided meal planner. Both of these services will be included as part of […]

On its first try, Rivian produced the Goldilocks of pickup trucks. The Rivian R1T electric truck is neither too big nor small. It handles rock crawling and off-camber trails with ease, can zip from zero to 60 miles per hour on a dirt road in just a few seconds without the typical back-end slippage — […]

Ring is just one part of Amazon’s annual devices and services event this year, but they’re bringing a lot of updates, including a new Pro Alarm suite that includes refreshed hardware and integrated Eero Wi-Fi 6 router capabilities. They also have a new service offering called ‘Virtual Security Guard’ that basically keeps an eye on […]

Last year, Ring announced at futuristic (slightly dystopian?) take on in-home security with its Always Home Cam, a drone equipped with sensors and a camera that can navigate the interior of your home along custom paths laid out by a user, in response to triggers including Ring Alarm sensors, or a manual command from the […]

Heydoc, a system for managing the medical data and admin tasks in medical practitioners, has closed a $8.3m Series A round led by Smedvig Capital with existing investors Hambro Perks, Triple Point Ventures and InHealth Ventures also participating. This brings the total amount raised to date by Heydoc to $12m.    Heydoc mainly operates in the UK but plans to expand internationally. It competes mostly with […]

A year after launching its original exercise band, Halo, Amazon just dropped the follow up, Halo View. The company’s not quite ready to go full bore into the smartwatch category just yet, but it clearly has the Google-owned Fitbit brand directly in its sights with the newly announced Halo View. The device doesn’t quite challenge […]

When you speak to an Amazon Echo device, so far in its history, Alexa would connect to the internet to process requests and deliver a response. Of course, this has sparked concerns among some consumers, since it might feel worrisome to have a Wi-Fi-connected smart device listening for you to say a wake word at […]

September 28, 2021 By Sruthi Shankar and Shreyashi Sanyal (Reuters) -European stocks sank to their lowest in a week on Tuesday as a surge in government bond yields knocked high-growth technology shares, with fresh signs of a slowdown in China’s economy weighing on investor sentiment. The pan-European STOXX 600 index was down 2.2%, its biggest […]