GUANGZHOU, China — Chinese electric carmaker Xpeng Motors is looking into making its own semiconductors for autonomous driving to stay ahead of the competition, a top executive at the company told CNBC. The comments come after technology news website 36Kr reported that Xpeng had assembled a small team to develop […]
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Maldives to offer holidaymakers vaccines on arrival in a push to revive tourism
Maldives will soon offer visitors vaccinations on arrival as part of its three-pronged initiative aimed at reviving the country’s hard hit travel sector, according to its tourism minister. The “3V” strategy, which encourages tourists to “visit, vaccinate, and vacation,” will provide a “more convenient” way to visit the country, Abdulla […]
Richard Branson sells over $150 million in Virgin Galactic stock
Richard Branson, Founder of Virgin Galactic (C) poses next to George T. Whitesides (R), CEO of Virgin Galactic Holdings after ringing the First Trade Bell to commemorate the company’s first day of trading on the New York Stock Exchange on October 28, 2019. Johannes Eisele | AFP | Getty Images […]
Myth or reality? Health experts weigh in on whether ‘herd immunity’ is possible
People hold hands on Fifth Avenue amid the coronavirus pandemic on April 10, 2021 in New York City. Noam Galai | Getty Images Entertainment | Getty Images As Covid vaccines roll out across the world, many are looking forward to reaching “herd immunity” — when the disease no longer transmits […]
Former police officer Kim Potter facing manslaughter charge in shooting of Daunte Wright out on $100,000 bail
Kim Potter, the Minnesota police officer who fatally shot Daunte Wright, was arrested Wednesday morning on a charge of second-degree manslaughter, authorities said. The 48-year-old bonded out on a $100,000 bail and is due to appear in court on Thursday. Potter’s arrest came a day after she resigned from the […]
Holders of ‘cult-assets,’ like crypto, are putting pressure on the market, Jim Cramer says
CNBC’s Jim Cramer said Wednesday that he’s growing worried as the dearth of sellers in bitcoin and other crypto assets has reached a “messianic” moment. “Right now there are so many cult-assets — Coinbase, cryptocurrencies, meme stocks, non-fungible-tokens — that the true believers absolutely refuse to sell,” the “Mad Money” […]
Par Technology could be a dominant force after $500 million acquisition, Panera founder says
Restaurant tech company Par Technology could become a dominant force after its acquisition of guest engagement platform Punchh, Panera Bread founder Ron Shaich told CNBC’s Jim Cramer on Wednesday. “This company has the potential to really dominate in enterprise-class restaurants offering what is the holy grail of technology in this […]
Ford CEO takes shot at Tesla for using customers to test unfinished tech
Ford says its Active Drive Assist system will allow for hands-free driving on more than 100,000 miles of divided highways in the U.S. and Canada. Ford Ford Motor followed Tesla in many ways when it came to the Mustang Mach-E, its new battery electric vehicle, but CEO Jim Farley took […]
The Madoff letters: Newly revealed correspondence shows the deceased con man’s efforts to shape his legacy
From the moment he arrived at the federal prison complex in Butner, North Carolina, on July 14, 2009, until his death Wednesday, Bernard Madoff was more than just inmate No. 61727054. Fellow inmates reportedly sought him out for financial advice. Academics, attorneys and journalists clamored for his insights on the […]
After Coinbase’s blockbuster debut, what investors say it means for cryptocurrency markets
It was a big day for the crypto space. Cryptocurrency exchange Coinbase opened at $381 a share, up 52% from its reference price. The stock closed its first day of trading at $328. Here’s what investors are saying about the company and the stock now. Sarah Kunst, managing director of […]