Ford started resuming vehicle production in the U.S. on May 18, 2020 with new coronavirus safety protocols such as health assessments, personal protective equipment and facility modifications to increase social distancing. Ford With no end in sight this year, the ongoing semiconductor chip shortage is now expected to cost the global automotive industry an estimated
Technology
Facebook Chief Technology Officer Mike Schroepfer announced on Wednesday he will be stepping down from his role. Schroepfer will transition to a part time role with the company, and in 2022, he will be replaced by Andrew “Boz” Bosworth, who is currently the head of Facebook’s hardware division. Schroepfer informed Facebook of his intention to
Toast point of sale system Toast Restaurant-technology vendor Toast priced its IPO on Tuesday at $40 a share, according to a person familiar with the matter who asked not to be named because the announcement isn’t yet public. The offering was above the expected range and values the company at about $20 billion. Toast had
Zoom founder Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images A U.S. government committee is reviewing Zoom’s agreement to acquire cloud contact center software company Five9 for $14.7 billion on national-security grounds. According to a letter dated Aug. 27, and posted on
In this article APT-AU AFRM PYPL Klarna logos displayed on a laptop and phone screen. Jakub Porzycki | NurPhoto via Getty Images Buy now, pay later is having a moment. Millions of shoppers now use a buy now, pay later, or BNPL, service to finance their purchases. And the options are more varied than ever
In this article AAPL Apple iOS 15 Apple Apple released iOS 15, its big annual iPhone software update, on Monday. This year’s version has some big changes, including the ability of FaceTime to make calls to Windows and Android users, artificial intelligence that can better identify animals, plants and other items in photos, and a
SINGAPORE — Southeast Asia’s online marketplace Carousell will explore all options to grow the business, which includes a likely initial public offering, co-founder and CEO Quek Siu Rui told CNBC on Monday. Last week, Carousell said it raised $100 million in fresh funds that valued the company at more than a billion dollars, making it
The Amazon logo displayed on a smartphone and a PC screen. Pavlo Gonchar | LightRocket via Getty Images Search for “toothpaste” on Amazon, and the top of the web page will show you a mix of popular brands like Colgate, Crest and Sensodyne. Try a separate search for “deodorant” and you’ll first see products from
In this article TSLA Electric vehicle maker Tesla is poised to expand its controversial FSD Beta program with a long-awaited download button that would allow customers to get new, unfinished versions of the company’s driver assistance software to test on public roads even though that software hasn’t been debugged yet. Tesla CEO Elon Musk, who
In this article T VZ TMUS Rafael Abdrakhmanov | iStock | Getty Images From fake social security calls to scammers impersonating Apple or Amazon, anyone with a cellphone or landline is no stranger to robocalls. For decades, robocall scammers have graced phones and voicemails across the nation. Between June 2020 and 2021 these scams affected
In this article FB A Senate panel plans to bring tech executives back to Capitol Hill following a revealing report from The Wall Street Journal about the impact of Facebook’s Instagram platform on teens’ mental health. Sen. Marsha Blackburn, R-Tenn., ranking member of the Senate Commerce subcommittee on consumer protection, announced the hearing in an
In this article AAPL iPhone 13 Pro Source: Apple Inc. Apple‘s new iPhone 13 family went up for pre-order Friday morning at 8 a.m. ET. But since then, shoppers have reported trouble trying to buy the new phones using the Apple Card. Enough customers are having trouble that it quickly became one of the top
In this article GOOGL Thomas Kurian, CEO of Alphabet’s Google Cloud, speaks at the Google Cloud Next conference in San Francisco on April 9, 2019. Michael Short | Bloomberg | Getty Images As a part of a recent reorganization within Google Cloud, CEO Thomas Kurian sidelined multiple tenured company veterans — one way he’s is
Apple CEO Tim Cook attends the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images At Apple’s annual launch event this week, it revealed new iPhones, iPads and Apple Watches, all of which were refinements of previous models. What Apple didn’t release, however, was a
In this article GOOGL Thomas Kurian, chief executive officer of cloud services at Google LLC, speaks during the Google Cloud Next ’19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019. The conference brings together industry experts to discuss the future of cloud computing. Michael Short | Bloomberg | Getty Images Google Cloud
In this article AMZN Amazon employees load boxes with orders at the company’s fulfillment center ahead of Cyber Monday in Tracy, Calif. David Paul Morris | Bloomberg | Getty Images Amazon plans to hold a beauty products event in October in an effort to lure early holiday shoppers and boost the company’s position in a
The Carousell application is displayed on a smartphone in an arranged photograph in Singapore. Ore Huiying | Bloomberg | Getty Images SINGAPORE — Southeast Asia’s online classifieds business Carousell on Wednesday said it raised $100 million in fresh funds that value the company at more than a billion dollars. South Korean private equity firm STIC
In this article FB Rafael Henrique | LightRocket | Getty Images TikTok on Tuesday announced a slew of features intended to help users struggling with mental health issues and thoughts of suicide. These include well-being guides, a support guide for those struggling with eating disorders and a search intervention feature that will direct users to
In this article GOOGL David Gray | Bloomberg | Getty Images South Korea’s competition regulator on Tuesday announced it will fine Google 207.4 billion Korean won ($176.9 million) for allegedly using its dominant market position in the mobile operating system space to stifle competition. Google’s Android operating system currently holds the lion’s share of the
In this article AAPL Tim Cook Source: Apple Apple is holding its annual iPhone event on Tuesday, the company’s seventh virtual launch in a row due to the ongoing pandemic. The company is expected to introduce new iPhones and updates to its AirPods and Apple Watch, according to analysts. Apple’s hype-filled fall launches are a