Aerial view of The Pentagon in Langley, Virginia. Getty Images The Department of Defense announced Tuesday it’s calling off the $10 billion cloud contract that was the subject of a legal battle involving Amazon and Microsoft. The JEDI, or Joint Enterprise Defense Infrastructure, deal has become one of the most tangled contracts for the Department
Technology
Shares in ride-hailing giant Didi Chuxing crashed as much as 25% in pre-market trading on Tuesday, less than a week after the Chinese app listed on the New York Stock Exchange. The company’s share price fell to $12.06 at 4:46 a.m. Tuesday in pre-market trading, down from $15.53 at the last market close. The fall
In this article DSY-ZA Still from Disney’s latest Pixar film “Luca.” Disney While most Americans are breathing a sigh of relief as they return to normal activities outside the home in the wake of the Covid-19 pandemic, the streaming video industry may not be quite as excited for a return to reality. Comcast‘s NBCUniversal, ViacomCBS,
Amazon.com founder and CEO Jeff Bezos. Getty Images Ann Hiatt remembers Jeff Bezos didn’t like to sit down for long. As the Amazon CEO’s executive assistant from 2002 to 2005, Hiatt was charged with keeping track of Bezos’ whereabouts. At that time, the fast-growing internet retailer had moved into an Art Deco-style building that was
In this article UBER LYFT A ride share driver picks up passengers at O’Hare Airport on April 10, 2019 in Chicago, Illinois. Scott Olson / Getty Images After a dramatic decline in traveling this past year, people are moving again. Yet, despite offering cash incentives, rideshare giants Uber and Lyft are still struggling to bring drivers
Bitcoin mine on the edge of the Tibetan Plateau near Sichuan, China. The mine is strategically placed next to a hydraulic power generator. Getty Images It just became a whole lot easier and much more profitable to mine for bitcoin. The world has known for months that more than half the world’s bitcoin miners would
In this article AVGO A sign is posted in front of a Broadcom office on June 03, 2021 in San Jose, California. Justin Sullivan | Getty Images The Federal Trade Commission accused computer chip supplier Broadcom of illegally monopolizing the market for semiconductor components, the agency announced Friday. Broadcom shares were down about 2% on
In this article AMZN Andy Jassy, CEO of Amazon Web Services. Patrick T. Fallon | Bloomberg | Getty Images Amazon said in a filing on Friday that it will grant Andy Jassy 61,000 shares of stock on Monday, when he replaces Jeff Bezos as the online retailer’s second CEO. The shares will vest over a
Visitors looking at a China-made Tesla Model Y electric vehicle at the Auto Shanghai 2021 show in Shanghai, China, on April 27, 2021. Qilai Shen | Bloomberg | Getty Images Tesla delivered 201,250 vehicles in the second quarter of 2021, the company reported. The quarter’s deliveries fell short of expectations. Analysts were expecting Tesla to
In this article TSLA A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York. Lucas Jackson | Reuters A 2021 Tesla Model S Plaid caught fire on Tuesday night in Haverford, Pennsylvania, while the owner was at the wheel, according to Charles McGarvey, Chief Fire Officer for the
Amazon Founder and CEO Jeff Bezos Mark Ralston | AFP | Getty Images Amazon on Thursday added two new entries to its vaunted “leadership principles,” a list of more than a dozen business philosophies meant to guide employee decisions and goals. Many of Amazon’s leadership principles have existed since the company’s earliest days, such as
In this article BTC.CM= Chris Ratcliffe/Bloomberg via Getty Images Bitcoin had a solid start to 2021, hitting an all-time high of nearly $65,000 in April. But the digital coin closed out the first half of the year down about 47% from its record — and a number of looming risks could result in further pain
Adam Mosseri, Facebook Beck Diefenbach | Reuters Facebook’s head of Instagram on Wednesday announced the social network plans to start showing users full-screen, recommended videos in their feeds. “We’re also going to be experimenting with how do we embrace video more broadly — full screen, immersive, entertaining, mobile-first video,” Mosseri said in a video posted
Zoom In IconArrows pointing outwards With Windows 11, Microsoft is introducing modern touches to the experience of using a PC. Most noticeably, a new design is meant to help users more quickly get what they’re looking for. The changes go beyond the surface, though. Microsoft is changing the rules of its app store to bring
In this article UBER A pedestrian walks by a sign in front of the Uber headquarters on May 18, 2020 in San Francisco, California. Justin Sullivan | Getty Images Uber on Tuesday told employees it will roll out a hybrid return-to-work model this fall, allowing for a more flexible approach to location and time spent
The exterior of The Spheres are seen at the Amazon.com Inc. headquarters on May 20, 2021 in Seattle, Washington. David Ryder | Getty Images Amazon is turning part of its Seattle headquarters into a public cooling center as the Pacific Northwest grapples with a record-breaking heat wave. The air-conditioned cooling center is set up at