Rising interest rates crushed technology valuations and had a chilling effect on Silicon Valley. Stripe’s co-founder says it was needed. “Broadly speaking, the effects of higher rates have been quite good,” John Collison, president of the online payments company, told CNBC in an interview at the company’s annual conference Wednesday. “The period where money was … Read more
An Amazon delivery drone is on display at Amazon’s BOS27 Robotics Innovation Hub in Westborough, Massachusetts, on Nov. 10, 2022. Joseph Prezioso | AFP | Getty Images Amazon is shuttering its drone delivery operations in Lockeford, California, one of the earliest U.S. test sites for the decade-long project. The program, called Prime Air, has struggled … Read more
Jeff Bezos wants to build permanent outposts on the moon and colonize space. Richard Branson wants to make spaceflight as commonplace as air travel. Elon Musk wants to settle on Mars to make humanity multi-planetary. IBX’s Kam Ghaffarian wants to go even further: the stars. “There’s this common denominator of combining altruism, to do something … Read more
U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida on Wednesday unveiled plans for military cooperation and projects ranging from missiles to moon landings, strengthening their alliance with an eye on countering China and Russia. Mandel Ngan | AFP | Getty Images U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida on Wednesday unveiled plans for military cooperation and projects … Read more
Mark Zuckerberg passed Elon Musk on Friday to become the third-richest person in the world, the first time since 2020 the arch-rival billionaires have held those positions. Musk, who ranked first on the Bloomberg Billionaires Index as recently as early March, fell to fourth after Reuters reported Tesla Inc. had canceled plans for a less-expensive … Read more
Photo: NASA/Ben Smegelsky NASA is looking for its next class of astronauts as the space agency ramps up its efforts to establish a permanent human presence on the Moon. While the public is free to apply online until April 16, the strict requirements mean that only a small sliver of the population has the flight … Read more
Most of the $640 million in new charitable donations Amazon founder Jeff Bezos’ ex-wife MacKenzie Scott is dishing out will go to nonprofits pushing extreme left-wing causes, including helping migrants who commit crimes and boosting male-born transgender athletes who want to compete against women. Scott will provide 67 migrant-advocacy organizations a combined $122 million for … Read more
“Don’t tell him, he thinks he’s running against Barack Obama, that’s what he said,” said Biden, 81, who also quipped that he was staying up way past his bedtime. From left, Ireland’s prime minister Leo Varadkar, US President Joe Biden and Cardinal Christophe Pierre, Apostolic Nuncio to the US at the White House in Washington … Read more
By Bloomberg Published Mar 14, 2024 Bernard Arnault received France’s highest civilian honor from President Emmanuel Macron at a ceremony on Wednesday evening that included VIPs such as Elon Musk and pop stars Beyoncé and Jay-Z. Emmanuel Macron and Bernard Arnault on June 21, 2021, in Paris, at the re-opening of La Samaritaine. – Christophe … Read more
Larry Ellison, founder and former CEO of Oracle Inc. watches a training race from a motor boat ahead of the America’s Cup World Series sailing competition on the Great Sound in Hamilton, Bermuda, October 16, 2015. Mike Segar | Reuters Oracle founder Larry Ellison notched a $15 billion gain on Tuesday after shares of his … Read more
