The Biz Journals
Philanthropist Philip Esformes attends the 15th annual Harold & Carole Pump Foundation gala at the Hyatt Regency Century Plaza on August 7, 2015 in Century City, California. Tiffany Rose | Getty Images A highly unusual move by the Justice Department to retry Florida nursing home owner Philip Esformes on health-care fraud criminal charges after then-President Donald Trump commuted his 20-year…
Peloton told employees Friday that it is slashing roughly 780 jobs, closing a significant number of its retail stores and hiking the prices of some of its equipment in a bid to cut costs and become profitable. The company didn’t specify how many its 86 retail locations it plans to shutter, but said it plans for…
Black Friday shoppers leave a Best Buy store in Washington, DC, on November 26, 20221. Nicholas Kamm | AFP | Getty Images Best Buy said on Friday that it is cutting jobs across the country about two weeks after it warned it was seeing weaker sales than expected. A Best Buy spokeswoman, Carly Charlson, did not…
A Joby Aviation Air Taxi is seen outside of the New York Stock Exchange (NYSE) ahead of their listing in Manhattan, New York City, U.S., August 11, 2021. Andrew Kelly | Reuters Joby Aviation, which is developing quiet, clean electric aircraft, has tantalized shareholders with plans to launch an Uber-like air taxi service into the…
Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022. Jeenah Moon | Bloomberg | Getty Images In the Voyager deal, FTX’s consideration for non-crypto assets — the users, intellectual property,…
Elon texted his brother Kimbal Musk, an entrepreneur and Tesla board member, on Apr. 9: I have an idea for a blockchain social media system that does both payments and short text messages/links like twitter. You have to pay a tiny amount to register your message on the chain, which will cut out the vast majority…
Tesla CEO Elon Musk and leaders from the company’s AI and hardware teams are expected to speak at the company’s AI Day 2022, an engineer-recruiting event, which will be live-streamed on Friday starting around 5:00 p.m. in California. You can watch AI Day 2022 here. During the last AI Day in August 2021, Musk said Tesla was going…
Mobileye’s CEO Amnon Shashua poses with a Mobileye driverless vehicle at the Nasdaq Market site in New York, July 20, 2021. Jeenah Moon | Reuters Mobileye, an Intel-owned company that makes chips, maps, and software for self-driving cars, has filed for an IPO, according to a prospectus filed with the SEC on Friday. Mobileye’s filling indicates…
Tesla demonstrates an early prototype of the Optimus humanoid robot at its AI Day 2022 on Sept. 30 Screenshot Tesla CEO Elon Musk and other leaders from the automaker’s AI and hardware teams spoke at the company’s 2022 AI Day, an engineer-recruiting event in Palo Alto, Calif., on Friday night. During the last AI Day in August 2021,…