Tensions are rising in the Boeing strike after the planemaker filed a complaint against the union
The Boeing strike involving 33,000 workers is about to enter its fifth week. Boeing filed a complaint on Thursday with the National Labor Relations Board against the union representing 33,000 of its workers. Seattle-area members of the International Association of Machinists and Aerospace Workers have been on strike for four weeks. They walked out in…
BlackRock brought in more money last quarter than ever before. Here’s where the $11.5 trillion asset manager hopes to become the industry leader next.
BlackRock CEO Larry Fink. BlackRock became the world’s largest asset manager because it made cheap funds for the masses. Now, the $11.5 trillion behemoth wants to put high-fee private market strategies in your portfolio. The firm brought in more assets last quarter — $221 billion — than ever before, but on its earnings call, the…
Don’t hold your breath waiting for a Tesla robotaxi
Tesla’s robotaxi may take years before it hits the open road. Tesla has given its fans and investors what they have long waited for — the robotaxi. CEO Elon Musk went heavy on hype and light on key details, including the cars’ safety and regulatory considerations. “You’ll be able to take a ride in the…
Ye accused of threatening to kill employee he asked to investigate Kardashian family, new lawsuit says
Ye has been hit with another lawsuit. Ye, the embattled rapper formerly known as Kanye West, has been accused in a new lawsuit of threatening to kill an employee who says he was tasked with investigating bizarre conspiracy theories surrounding the Kardashian family. The plaintiff, a military veteran only identified as “John Doe” in the…
23andMe users are worried about what might happen to their data. Here’s what the company says.
Whoever owns 23andMe next might have access millions of users’ data. The future of 23andMe is uncertain, and so is the fate of the data it has collected from millions of users. The direct-to-consumer genetic testing company has had a rough 12 months. In 2023, it suffered a massive data hack that led to a…
Elon Musk’s Robotaxi is still miles away from overtaking Uber and Waymo in the ride-hailing race
Elon Musk travels in a Tesla Robotaxi as part of its unveiling on a California studio set. If Elon Musk can fully deliver on his plans to make Tesla’s Robotaxi the new go-to mode of transport, he could bring an end to the ride-hailing economy as we know it. But some analysts aren’t convinced that…
Optimus robots danced on a lit-up stage and served drinks at Tesla’s robotaxi event
The prototype for Optimus was first revealed in September 2022. Elon Musk may have unveiled the robotaxi on a Hollywood set on Thursday night — but it was Tesla’s Optimus robots that had the starring role. After showing off the company’s Cybercab and its Robovan in a glitzy event at Warner Bros. movie studio in…
OpenAI’s AI-adjusted earnings numbers have echoes of Groupon and WeWork
OpenAI CEO Sam Altman When Google was about five years old, the world saw its finances for the first time when it filed for an IPO. The company was wildly profitable, making over $100 million in net income in 2003. It never looked back. When Facebook was roughly seven years old, it shared financial data…
Elon Musk’s robotaxi launch fails to wow Wall Street — and leaves Tesla analysts with more questions than answers
Tesla CEO Elon Musk’s robotics showcase left analysts short on answers. Elon Musk’s “We, Robot” event on Thursday night failed to impress several Wall Street analysts. Investors also showed their disappointment by sending Tesla shares down as much as 10% in early trading on Friday. The Tesla CEO showed off prototypes of its self-driving car,…
