GM’s Cruise laying off 900 employees, or 24% of its workforce: Read the memo here
The cuts come after a barrage of safety concerns and incidents have plagued the robotaxi subsidiary since it gained approval to operate in San Francisco.
Cadillac reveals three-row Vistiq to round out electric SUV lineup
Cadillac plans to round out its upcoming lineup of all-electric SUVs with a three-row vehicle called the Vistiq.
Amazon to connect Kuiper satellites with laser links to boost space internet network
Traditionally, satellites are limited to sending data between an individual spacecraft and the ground. Laser links connect satellites to one another.
LinkedIn shelved planned move to Microsoft Azure, opting to keep physical data centers
LinkedIn called off a plan to move technology to Microsoft Azure, a setback for its parent company, which is chasing Amazon Web Services
Moderna, Merck vaccine with Keytruda cuts risk of deadly skin cancer returning in half, data says
Those results build on midstage trial data Moderna and Merck released earlier this year, which examined the efficacy of the combination over a shorter period.
IEA expects oil demand slowdown to persist in 2024 as prices fall on oversupply concerns
The International Energy Agency on Thursday said evidence of softening global oil demand is mounting and a slowdown is expected to continue in 2024.
GM’s Cruise robotaxi unit dismisses nine ‘key leaders’ amid safety investigation
The departures include leaders from Cruise’s legal, government affairs, commercial operations and safety and systems teams, according to a company-wide message.
Adobe shares slide on weaker-than-expected forecast for 2024
Adobe’s guidance for 2024 missed analysts’ estimates for revenue and profit.
Fed holds rates steady, indicates three cuts coming in 2024
The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond.
Former Facebook diversity strategist pleads guilty to stealing more than $4 million from company
Meta, the parent of social media giant Facebook, cooperated with the fraud investigation of former DEI strategist Barbara Furlow-Smiles.
