Tag: Business
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SpaceX options debut in record volume, signaling strong investor interest
June 16 : Trading in SpaceX options kicked off with heavy volume on Tuesday, underscoring strong investor demand for a new way to bet on the future of Elon Musk’s aerospace company.More than half a million contracts changed hands in the first hour of trading as investors piled into the newly listed company, m
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Yes, the universe’s expansion is still accelerating, researchers say
WASHINGTON, June 16 : Taking a fresh look at data involving a specific type of stellar explosion, a team of researchers says it has confirmed the long-accepted notion that the universe is expanding at an accelerated rate – the very observation that led to the identification in the 1990s of an enigmatic cosmic force
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Databricks strikes deal to buy Panther Labs in cybersecurity push
SAN FRANCISCO, June 16 : Databricks on Tuesday said it agreed to buy the startup Panther Labs, as the U.S. data analytics provider pushes deeper into the cybersecurity business.The acquisition, Databricks’ third in this area, furthers its aim to compete with security management incumbents like CrowdStrike an
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Dollar slips as markets wait on Warsh’s Fed debut
NEW YORK, June 16 : The dollar was modestly weaker against the euro on Tuesday as investors awaited the conclusion of the Federal Reserve’s policy meeting the following day, the first chaired by Kevin Warsh, with markets watching for any signals that the central bank could raise interest rates later this year.
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US senators ask for review of Tesla’s ‘Full Self-Driving’ safety data, citing Reuters report
LOS ANGELES, June 16 : Two U.S. senators are asking the nation’s traffic safety regulator to examine Tesla’s self-published crash statistics for its “Full Self-Driving” (FSD) driver-assistance system, following a Reuters investigation last month that found the EV maker was exaggerating its safety claims.
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Options on SpaceX shares start trading in heavy volume
June 16 : Options on SpaceX started trading at a brisk pace on Tuesday, offering investors another avenue to bet on the future of the newly listed shares of Elon Musk’s rocket company.Options allow investors to buy or sell an asset at a predetermined price within a set time period, and are used to hedge…
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EU rules out mandate to keep video games playable, seeks voluntary code
BRUSSELS, June 16 : The European Commission said on Tuesday it cannot require video games to remain playable after they are withdrawn from sale, but will work with industry and consumer groups on a voluntary code of conduct for managing games’ “end of life”.French consumer group UFC-Que Choisir sued Ubisoft i
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Verizon targets wireless customers with new simpler plans, drops some fees
WASHINGTON, June 16 : Verizon is aiming to attract customers by offering simpler plans, dropping activation and upgrade fees and unveiling a new loyalty program offering discounts and perks.The U.S. company is aggressively competing with AT&T and T-Mobile in the saturated U.S. telecoms market, where network p
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Self-driving tech supplier Mobileye plans US robotaxi service next year
June 16 : Mobileye Global said on Tuesday it would launch its own robotaxi service in the United States next year, putting the self-driving technology supplier in direct competition with some of the very customers it serves.The Jerusalem, Israel-based company, which provides advanced driver-assistance systems
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India’s Wipro opens AI center for Anthropic’s Claude in Bengaluru
June 16 : India’s Wipro said on Tuesday it has set up a Center of Excellence (CoE) for applied AI focused on Anthropic’s Claude models at its Bengaluru hub.Wipro’s move comes as AI-led automation pressures revenue of traditional Indian IT services firms, which lost billions of dollars in market value in Febru
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