Tech

Jeff Bezos’ Blue Origin aims to fly first passengers on its space tourism rocket as early as April

3 years ago

Jeff Bezos’ space company Blue Origin on Thursday completed the fourteenth test flight of its New Shepard rocket booster and capsule.
CNBC has learned that NS-14 also marked one of the last remaining steps before Blue Origin flies its first crew to space, with Thursday’s flight the first of two “stable configuration” tests.
Blue Origin aims to launch the second test flight within six weeks, or by late February, and the first crewed flight six weeks after that, or by early April, people familiar with the company’s plans told CNBC.

Tech

Nikola shares fall after CEO fails to reassure investors GM won’t pull out of $2 billion deal

3 years ago

Shares of embattled electric vehicle start-up Nikola Corp. fell more than 8% during afterhours trading.
Nikola CEO Mark Russell failed to reassure investors of a deal being finalized with GM and that there wouldn’t be a selloff of its stock next week by founder and ex-chairman Trevor Milton.
There are roughly 360.9 million shares of company stock outstanding, making Milton Nikola’s largest single shareholder.

Hyperice lands NFL deal as it moves closer to a $1 billion valuation

3 years ago

Hyperice, which makes muscle recovery equipment, has a new deal with the NFL.
Company CEO Jim Huether said the company should reach a $1 billion valuation in 2021 after the NFL partnership.
Hyperice secured a $48 million Series A funding in October, which Huether said values the firm at $700 million.

E-brokers report outages as Dow jumps more than 800 points in vaccine rally

4 years ago

Electronic brokers were experiencing outages on Monday amid record highs in the Dow and S&P 500.
Charles Schwab said some clients are having difficulty logging in to their accounts and hold times are longer than usual.
Vanguard, TD Ameritrade and Fidelity also tweeted some clients were having technical problems.

The EU is about to announce new rules for Big Tech — and there’s not much they can do about it

4 years ago

The EU wants to ensure that competitors have a fair chance to succeed against the big firms.
Google has already voiced its concerns about the upcoming rules.
Apart from some lobbying, there is nothing the tech giants can do to stop the new rules in the short-term, Clifford Chance’s Vinje said.

American Airlines moves ahead with 19,000 furloughs, but will recall workers if aid deal reached

4 years ago

American Airlines will move ahead with plans to furlough 19,000 workers on Thursday after talks for a national coronavirus aid package failed in Washington, but the airline is prepared to reverse course if a deal is reached, its CEO said.

Tesla drops again, bringing three-day loss to more than 18%

4 years ago

Tesla shares slid 9% on Thursday, building on the stock’s recent losses.
With Thursday’s decline, the shares are more than 18% below Monday’s close, a day when the stock surged following its split.
On Tuesday Tesla said it would raise up to $5 billion through a new stock offering, and on Wednesday the company’s largest outside shareholder said it reduced its position due to portfolio restrictions.

See NASA’s images of hurricane Laura and California wildfires — they point to the effects of climate change

4 years ago

NASA has released images of Hurricane Laura in the south and of the California wildfires, which bring the scope of the weather events into focus.

And both are connected to climate change, according to Paul Ullrich, associate professor of regional and global climate modeling at the University of California Davis.

Health start-up backed by Groupon co-founder joins the fight against Covid-19

4 years ago

Tempus was formed to help identify cures for a variety of illnesses, from cancer to depression and now Covid-19.
The health-care company conducts genomic tests and analyzes clinical data in a patient’s electronic health-care records, anything from medical imaging to a doctor’s handwritten notes.
Former FDA Commissioner Scott Gottlieb is on the Tempus board of directors, and the company is valued at $5 billion by investors.

Digital loan start-up Blend jumps to $1.7 billion valuation as mortgage demand surges

4 years ago

Digital lending start-up Blend raised $75 million in fresh funding at a valuation of almost $1.7 billion, a jump of more than 70% from its previous round a year earlier, CNBC has learned.
Refinance application volumes jolted more than 1,000% higher in March, and purchase applications climbed by more than 100% every month since May, according to company figures.
The Series F funding round was led by Canapi Ventures, a fintech VC fund that is backed by the banking industry and led in part by Gene Ludwig, a former U.S. regulator who founded the Promontory Financial Group.

Tech

Jeff Bezos’ Blue Origin aims to fly first passengers on its space tourism rocket as early as April

Nikola shares fall after CEO fails to reassure investors GM won’t pull out of $2 billion deal

Hyperice lands NFL deal as it moves closer to a $1 billion valuation

E-brokers report outages as Dow jumps more than 800 points in vaccine rally

The EU is about to announce new rules for Big Tech — and there’s not much they can do about it

American Airlines moves ahead with 19,000 furloughs, but will recall workers if aid deal reached

Tesla drops again, bringing three-day loss to more than 18%

See NASA’s images of hurricane Laura and California wildfires — they point to the effects of climate change

Health start-up backed by Groupon co-founder joins the fight against Covid-19

Digital loan start-up Blend jumps to $1.7 billion valuation as mortgage demand surges

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