Workers retrieve boxes at an Amazon fulfillment center on Prime Day in Raleigh, North Carolina, U.S., on Monday, June 21, 2021. Rachel Jessen | Bloomberg | Getty Images Amazon said Tuesday it is looking to fill 125,000 roles nationwide averaging $18 an hour, as competition for workers in a tough […]
CNBC News
Consumer prices post smaller than expected increase in August
Prices for an array of consumer goods rose less than expected in August in a sign that inflation may be starting to cool, the Labor Department reported Tuesday. The consumer price index, which measures a basket of common products as well as various energy goods, increased 5.3% from a year […]
Drone Racing League lands $100 million deal with crypto platform Algorand
Drone Racing League Source: Drone Racing League New York-based Drone Racing League landed its most significant sponsorship agreement to date with cryptocurrency platform Algorand, the company said on Tuesday. DRL is a first-person-view racing league where drone pilots race devices through neon-lit courses and compete for prize money. The company […]
SoftBank says new Latin America fund has at least $3 billion to invest in regional start-ups
WeWork Executive Chairman Marcelo Claure during an interview with Andrew Ross Sorkin at WeWork headquarters in New York City on February 10, 2020. David A. Grogan | CNBC SoftBank Group is committing $3 billion to kickstart a second fund focused on investing in start-ups in Latin America, the Japanese tech […]
Stock futures little changed after Dow, S&P snap 5-day losing streak
U.S. stock index futures were little changed during early morning trading on Tuesday, after the S&P 500 finished Monday in positive territory, snapping a five-day losing streak. Futures contracts tied to the Dow Jones Industrial Average rose 32 points. S&P 500 and Nasdaq 100 futures were roughly flat. The Dow […]
Kevin O’Leary says he wants to more than double his crypto holdings to 7%
Celebrity investor Kevin O’Leary says he wants to at least double his cryptocurrency holdings by the end of 2021, and predicts that “trillions of dollars” could pour into the market if crypto becomes a new asset class. The “Shark Tank” investor had previously said bitcoin was “garbage,” but he later changed […]
More workers are facing compulsory Covid vaccination or no job
Firefighter paramedic Cuevas (R) administers a Covid-19 vaccination dose to a person at a vaccination event at Culver City Fire Department Station 1 on August 05, 2021 in Culver City, California. Mario Tama | Getty Images News | Getty Images As more and more people return to the workplace following […]
South Korea’s antitrust regulator fines Google $177 million for abusing mobile market dominance
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 […]
Alibaba leads $300 million investment into Chinese autonomous driving start-up DeepRoute.ai
A Deeproute.ai robotaxi on display. Deeproute.ai GUANGZHOU, China — Alibaba has led investments worth more than $300 million into Chinese autonomous driving start-up DeepRoute.ai. The Shenzhen-based start-up makes the self-driving systems for vehicles that involve hardware and software. DeepRoute.ai runs a fleet of autonomous taxis with some operated by its […]
Emma Raducanu to receive $2.5 million for U.S. Open win — eight times her previous career earnings
Teen tennis champion Emma Raducanu is set to receive $2.5 million from her record-breaking U.S. Open victory — a sum more than eight times her previous career earnings. The 18-year-old high school graduate wowed audiences over the weekend when she beat Leylah Fernandez to claim the U.S. Open women’s singles […]