By Jackie Wattles, CNN Business SpinLaunch, an ambitious startup that hopes to spin, rather than launch, satellites into orbit, released dizzying footage of a test flight that the company conducted out of New Mexico. The test flight last month, which marked the company’s eighth since October 2021, was the first to include an on-board camera.
Continue ReadingCNN, CNN BUSINESS By Reuters Boeing Co. is feuding with Aerojet Rocketdyne, a key supplier for its Starliner spacecraft, as the U.S. aerospace giant races to test launch the uncrewed astronaut capsule and mend its reputation in the space sector, people familiar with the matter said. The CST-100 Starliner is scheduled for a May 19
Continue ReadingBy Reuters Boeing Co. is feuding with Aerojet Rocketdyne, a key supplier for its Starliner spacecraft, as the U.S. aerospace giant races to test launch the uncrewed astronaut capsule and mend its reputation in the space sector, people familiar with the matter said. The CST-100 Starliner is scheduled for a May 19 Florida launch atop
Continue ReadingBy Catherine Thorbecke, CNN Business Airbnb on Wednesday announced new ways to search for and book homes on the platform in response to the rise of remote work and the number of customers choosing longer stays. The new features include the ability to more easily divide trips between two homes when options for longer stays
Continue ReadingBy Rishi Iyengar, CNN Business One of the video game industry’s most iconic franchises will soon look very different. Electronic Arts and its subsidiary EA Sports will end a three-decade partnership with FIFA — global soccer’s governing body — the gaming company announced on Tuesday. Starting next year, the hugely popular FIFA video game franchise
Continue ReadingBy Catherine Thorbecke, CNN Business Apple said Tuesday it would discontinue production of the last iPod model it still sells, effectively bringing an end to the iconic product line that helped usher in a new era for the music industry and the tech giant. Apple said customers can continue to purchase an iPod Touch device
Continue ReadingBy Brian Fung and Clare Duffy, CNN Business Elon Musk said Tuesday that he would restore former President Donald Trump’s banned account on Twitter if his deal to acquire the company is completed. Musk’s remarks at Financial Times’ Future of the Car conference mark his first public acknowledgment of what had been widely expected since
Continue ReadingCNN By Brian Fung, CNN The dating-app company behind Tinder, OkCupid and Match.com sued Google on Monday, alleging that the technology giant runs an illegal monopoly in the Google Play Store and that its in-app payment policies, including its 30% cut of some in-app purchases, are anticompetitive. The suit by Match Group is the latest
Continue ReadingBy Brian Fung, CNN The dating-app company behind Tinder, OkCupid and Match.com sued Google on Monday, alleging that the technology giant runs an illegal monopoly in the Google Play Store and that its in-app payment policies, including its 30% cut of some in-app purchases, are anticompetitive. The suit by Match Group is the latest antitrust
Continue ReadingBy Brian Fung, CNN Elon Musk appeared to endorse a key European law regulating social media on Monday when he appeared in a video with Thierry Breton, a top EU commissioner and digital regulator. In the video, Breton said he met with Musk to explain the finer points of the Digital Services Act, a forthcoming
Continue ReadingBy Rachel Metz, CNN Business Clearview AI, a controversial facial-recognition software company, agreed on Monday that it will not sell its software to most companies in the United States — a decision that will largely restrict its use to law-enforcement agencies in the country. The agreement is part of a settlement of a lawsuit that
Continue ReadingBy Rishi Iyengar Since Elon Musk announced he was buying Twitter last month, the billionaire has sent out tweet after tweet outlining his plans for the platform, touching on everything from new features to security updates to monetization. But Musk’s overarching reason for committing billions of dollars to buy Twitter is to ensure the platform
Continue ReadingCNN, HLN By Jennifer Korn and Clare Duffy, CNN Business A wave of new legislation taking aim at abortion rights across the country is raising concerns about the potential use of personal data to punish people who seek information about or access to abortion services online. In some of the most restrictive states, digital rights
Continue ReadingBy Brian Fung, CNN A federal judge in San Francisco has dismissed former President Donald Trump’s lawsuit against Twitter that sought to reinstate his banned account on the platform, according to a court filing. The decision is a victory for Twitter, which had asked Judge James Donato, of the US District Court for the Northern
Continue ReadingBy Brian Fung, CNN For years, video gamers have blamed shortages of PC graphics cards on cryptocurrency enthusiasts, who have snapped up growing numbers of the devices to generate digital coins. The pandemic, along with the Trump administration’s tariffs on Chinese imports, have only made the situation worse, leading to skyrocketing retail and aftermarket prices.
Continue ReadingBy Danielle Wiener-Bronner, CNN Business Kraft Heinz is using the metaverse to help get Lunchables, Velveeta and ketchup onto shelves faster. Last month, the company announced a deal with Microsoft to help secure its supply chain by, among other things, using automation to speed up operations and replicate the company’s facilities online. Kraft created “digital
Continue ReadingBy Jackie Wattles, CNN Business Three NASA astronauts and a European astronaut splashed down aboard their SpaceX Crew Dragon capsule off the coast of Florida after midnight Friday morning, capping off their six-month mission during which they worked alongside Russian cosmonauts and hosted the first all-private crew to visit the orbiting outpost. The crew of
Continue ReadingBy Sara Ashley O’Brien, CNN Business DoorDash, which went public amid a pandemic-fueled delivery craze in late 2020, said its business continues to boom even as people increasingly return to their lives outside the home. The on-demand delivery company said its order volume grew 23% to 404 million in the first three months of this
Continue ReadingBy Clare Duffy, CNN Business Meta said Thursday it is cutting back on hiring. The move is one of several shifts the Facebook parent company is making following a period of slower-than-usual growth. “We regularly re-evaluate our talent pipeline according to our business needs and in light of the expense guidance given for this earnings
Continue ReadingBy Clare Duffy, CNN Business Elon Musk has raised just over $7 billion in additional equity financing to help fund his purchase of Twitter. The new investors include Oracle founder Larry Ellison, cryptocurrency platform Binance and venture capital firm Sequoia Capital, according to a new Securities and Exchange Commission disclosure Musk filed Wednesday. Musk last
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