General Motors' Cruise on Thursday announced internally that it will lay off 900 employees, or 24% of its workforce, the company confirmed to CNBC.The layoffs, which primarily affected commercial operations and related corporate functions, are the latest turmoil for the robotaxi startup and come one day after Cruise dismissed...
A visualization of laser links connecting Kuiper satellites in orbit around the Earth.AmazonAmazon will include a key speed-boosting technology in its coming Project Kuiper internet satellites, the company announced Thursday.Amazon says it tested the laser link tech successfully during its recent Protoflight mission. Traditionally, satellites are limited to sending...
2026 Cadillac Vistiq EVCadillacDETROIT – Cadillac plans to round out its upcoming lineup of all-electric SUVs with a three-row vehicle called the Vistiq, a replacement for its current gas-powered XT6.The General Motors luxury brand on Thursday released images of the Vistiq, which is expected to be its fifth EV,...
BRUSSELS, BELGIUM - NOVEMBER 27: Christine Lagarde, President of the European Central Bank speaks during the European Parliament's Committee on Economic and Monetary Affairs (ECON) meeting in Brussels, Belgium on Nevember 27, 2023. (Photo by Dursun Aydemir/Anadolu via Getty Images)Anadolu | Anadolu | Getty ImagesThe European Central Bank on...
Bank and technology platform Kapital continues to rake in venture capital, grabbing another $40 million in Series B dollars and $125 million in debt financing. Tribe Capital led the Series B and was joined by backers, including Cervin Ventures, Tru Arrow, MS&AD Ventures and Alumni Ventures. This marks the second...
Consumers showed unexpected strength in November, giving a solid start to the holiday season as inflation showed signs of continued easing.Retail sales rose 0.3% in November, stronger than the 0.2% decline in October and better than the Dow Jones estimate for a decrease of 0.1%, the Commerce Department reported...
Former Disney TV executive Ben Sherwood coaching his son Will.Credit: Karen SherwoodWhile Ben Sherwood was working as a top Disney television executive, he was juggling another major commitment — one he couldn't quite get the hang of.Sherwood traveled back and forth between the East and West Coasts to coach...