WASHINGTON—Joby Aviation Inc said on Thursday it had received a certification from the Federal Aviation Administration (FAA) that would allow it to begin its air-taxi operations commercially with a conventional airplane. Although the certification gives the necessary clearance and is a significant milestone, the company still has additional regulatory hurdles to clear before its five-seater…
Qualcomm CEO Sees Growth in High-End Phones Even If Economy Slows
DAVOS, Switzerland—Qualcomm Inc CEO Cristiano Amon sees growth for the chip supplier as consumers increasingly want “better phones,” he said in an interview on Wednesday at the World Economic Forum, even as talk about an economic slowdown dominates the event in the Swiss ski town of Davos. “Qualcomm has redefined its mobile strategy to be…
Here’s Why Carnival Corporation Stock May Change Course
Carnival Corporation (NYSE:CCL) was surging over 9% on Thursday in tandem with the general markets, which saw the S&P 500 rising about 1.5% Despite the economy slowly reopening over the past year, stocks in the travel sector have largely failed to reap gains, and Carnival has plunged about 60% since June 8, 2021, when the…
Walmart, CVS to Halt Filling Prescriptions for Controlled Substances by Cerebral, Done
Walmart Inc and CVS Health Corp said on Wednesday they would stop filling prescriptions for controlled substances issued by telehealth startups Cerebral Inc and Done Health. Cerebral and Done are known for treating patients with ADHD, prescribing stimulants such as Adderall. Walmart confirmed the move to Reuters and said the decision was made after an…
Stripe Resumes Crypto Push Drawing Inspiration From Block, PayPal
Payments company Stripe Inc. looks to give customers access to Bitcoin four years after suspending support for the cryptocurrency, Bloomberg reports. Stripe collaborated with crypto startup OpenNode to help its customers to accept Bitcoin payments through a new app. Stripe customers will be able to convert incoming payments and any amount of their balance into Bitcoin via the…
Where Does ServiceNow Stand With Analysts Post Investor Day?
After attending its investor day meet, analysts offered their views on ServiceNow, Inc.. Mizuho analyst Gregg Moskowitz said management expressed bullishness on its growth prospects and targeted $11 billion+ of subscription revenue by 2024, and $16 billion+ by 2026, above its initial targets of $10 billion+ and $15 billion+, respectively. NOW also raised 2024E OMs by 50bps, to 27…
Decentralized Search Engine Hoping to Rival Google Launches on Mainnet
A privacy-focused decentralized search engine has been launched on the public mainnet. What Happened Presearch, a community-driven blockchain, hopes to rival Alphabet Inc’s Google with its newly launched search engine. “In a world where one company controls 92 percent of the search engine market and the flow of information for billions of people, there’s a clear need for…
Broadcom to Acquire VMware in $61 Billion Deal: What Investors Need to Know
Broadcom Inc. on Thursday announced it will acquire VMware Inc. in a cash-and-stock transaction that values the multi-cloud company at approximately $61 billion. What to Know VMware’s multi-cloud portfolio spans application modernization, cloud management, cloud infrastructure, networking, security and more. Following the closing of the transaction, the Broadcom Software Group will rebrand as VMware and incorporate Broadcom’s existing infrastructure and security software solutions as part of…
Elon Musk’s Starlink Now Has Over 400,000 Global Users
Tesla Inc CEO Elon Musk-owned SpaceX’s high speed, satellite-based internet service Starlink now has over 400,000 subscribers globally, CNBC reported on Wednesday, citing a filing with the Federal Communications Commission. What Happened The latest numbers reveal Starlink’s fast growth. The company reported 250,000 subscribers two months ago and about 145,000 subscribers at the start of the year. The subscription numbers include both individual…
Regional Areas of New South Wales to Receive Smart City Technology
The New South Wales (NSW) government is investing $2.4 million (US$1.7 million) to bring smart city technologies to regional areas of NSW, narrowing the tech gap between those regions and urban areas. Minister for Local Government, Wendy Tuckerman, said on Thursday that the Smart Regional Spaces: Ready, Set, Go project, which partners with two Sydney-based…
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