SoftBank on Thursday reported a record loss at its Vision Fund investment unit, as technology stocks have been hammered by rising interest rates and Beijing's regulatory crackdown has hurt its China … [+2192 chars]
The long road towards autonomous vehicles just hit another speed bump. Despite lofty performance promises from carmakers seeking an autonomous future, recent testing from AAA revealed inconsistent … [+4157 chars]
By Laura Leslie, WRAL capitol bureau chief Raleigh, N.C. — North Carolinas budding offshore wind sector has two major new players. The U.S. Bureau of Ocean Energy Management announced Wednesday tha… [+4292 chars]
The family of a 10-year-old girl who choked herself to death as part of a TikTok challenge is suing the video platform for negligence and having a 'defective design.' Nylah Anderson of Philadelphia … [+5937 chars]
When Disney first launched its streaming service Disney+ back in November of 2019, it did so with a long-term mindset. Streaming was, presumably, the future, and so the company was willing to burn a … [+2953 chars]
Meta has turned off augmented reality filters for Facebook and Instagram in Texas and Illinois due to facial recognition and privacy laws in those states. Although Meta, the parent company of Facebo… [+1591 chars]
Nissan is making money again, Rivian is not, and GM. All of that and more in The Morning Shift for May 12, 2022. 1st Gear: Nissan Nissan has had a weird three years or so following the ouster of fo… [+8546 chars]
Ever since a few dozen baristas began an organizing drive in Buffalo, New York, last year, Starbucks has been engaged in a crude union-busting campaign that has made a mockery of the image it has sou… [+8537 chars]
When potentially dangerous food gets into the marketplace, brands may work together with government agencies to protect consumers by recalling the affected items. But even if a potentially harmful pr… [+3416 chars]
Seniors and other people who rely on Social Security benefits could next year see their biggest cost-of-living adjustment since 1981, with an advocacy group for older Americans forecasting an 8.6% hi… [+3062 chars]
On Thursday, Terraform Labs, the team behind the Terra ecosystem, outlined three emergency measures aimed at saving LUNA and its native stablecoin UST from collapse. The three measures include burni… [+2518 chars]
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) … [+3300 chars]
