A newly recruited firefighter in Los Angeles put out a major fire even before being formally introduced at a news conference. That new recruit is a robot.The Thermite RS3, the first robotic firefighting vehicle in the United States, was scheduled…
Reverse mergers were long reserved to the backwaters of Wall Street. Today, they've become the hottest way to go public.Virgin Galactic, DraftKings and Nikola have all gone public by merging with special purpose acquisition companies, or SPACs. Even Playboy is…
PayPal is launching its own cryptocurrency service, allowing people to buy, hold and sell digital currency on its site and applications.The online payments company declared adding crypto was a significant milestone on the path to mainstream adoption of cryptocurrencies such…
Purdue Pharma, the maker of OxyContin, has agreed to plead guilty to three federal criminal charges for its role in creating the nation's opioid crisis and will pay more than $8 billion and close down the company.The money will go…
Covid-19 Essentials is a pandemic-specific store for all your pandemic-specific needs, and the growing business already has eight locations at malls across America.The company sells a wide variety of more fashionable face masks and even makes personalized masks on location…
"It's the Great Pumpkin, Charlie Brown" first aired on CBS in 1966 and eventually moved to ABC. But this year it will air on Apple TV+.The TV special, which has aired during Halloween every year for more than five decades…
Soon every Sam's Club will have a robot to scrub the store floors.In partnership with Brain Corp, an artificial intelligence company, the membership-only warehouse chain will distribute 372 new autonomous floor scrubbers to its stores this fall.Sam's Club, which is…
Amazon plans to let some of its employees work from home until the middle of next year."Employees with work that can effectively be done from home can continue to do that work from home through June 30, 2021," an Amazon…
Amazon is expanding one-hour grocery pickup across all of its nearly 500 Whole Foods stores in the United States. The free service is available for Prime subscribers on orders $35 or more and begins Wednesday. Previously, this service was only…
The Trump administration sued Google on Tuesday in what is the largest antitrust case against a tech company in more than two decades.At the heart of the government's lawsuit is a secretive deal under which Google allegedly pays billions of…
The board of private equity firm Apollo Global Management is reviewing ties between its CEO Leon Black and convicted sex offender Jeffrey Epstein, according to an Apollo spokesperson. Black requested the board's conflict committee review and independently confirm information he…
Playing video games live on Twitch may not seem the most obvious way to get more Americans to the polls, but Alexandria Ocasio-Cortez is not one to take a conventional approach.The Democratic congresswoman took the online streaming platform by storm…
With an unprecedented number of mail-in ballots to count, news organizations will probably exercise extreme caution before declaring a winner on the night of the election. Wall Street, on the other hand, isn't known for its patience.Investors will be closely…
Tesla began making cars in China about a year ago to bolster its presence in the world's largest auto market. Now the country is about to become an even more critical part of its global strategy.The electric automaker will soon…
Cathay Pacific is eliminating thousands of jobs and shuttering its regional airline Cathay Dragon as the Covid-19 pandemic roils the global travel industry.The cuts will affect 5,300 employees in Hong Kong, where the company is based. Some 600 workers outside…
More time at home has meant more people on Snapchat.On Tuesday, the social platform announced it had 249 million daily active users at the end of the third quarter, an increase of 18% compared to the same time a year…
Impossible Foods, the company known for making plant-based meat designed to taste, cook and look like real meat, may soon get into milk.An Impossible milk, which is still in development, would be nothing like soy or other plant-based milks, promised…
Bank tellers are out and robotics engineers are in, according to a new report that says the coronavirus recession is accelerating technological changes that could displace 85 million jobs within the next five years."Automation, in tandem with the Covid-19 recession,…
Disneyland will likely stay closed for several more weeks after California released its long-awaited guidance Tuesday for how theme parks in the state can safely reopen.Disney's California parks, which have been closed for seven months, will be allowed to reopen…
Netflix stock fell around 5% in after-hours trading Tuesday after the company posted slowing growth in new subscriptions and lower-than-expected profits, a sign that the streaming giant's pandemic bump may be petering out.The company said it added 2.2 million net…
Soon, you may not need a label or a box when you're trying to return something at FedEx.The company is working with Happy Returns, an e-commerce return technology company. Customers will be able to return products in person — without…
If you've ever wanted to wear a T-shirt made of discarded crab shells, now's your chance.Yes. Really.Allbirds — the footwear company known for making shoes from sustainable materials such as merino wool and sugarcane waste — is launching its first…
America's jobs recovery continued in September, but with two weeks to go until Election Day, plenty of states still have unemployment rates higher than the national average.Three of them are key swing states: Pennsylvania's jobless rate stood at 8.1% last…
A foreign subsidiary of Berkshire Hathaway appears to have violated US sanctions on Iran, the Treasury Department said Tuesday.Berkshire, the conglomerate run by the legendary investor Warren Buffett, agreed to pay $4.1 million to settle its potential civil liability over…
