CATEGORIES

Airbnb Posts 2Q Profit of $379 Million on Record Bookings

Airbnb said that it earned $379 million in the second quarter on record bookings and rising rates, and the short-term rental giant announced a plan to spend up to $2 billion to buy its own stock.

UBER'S STOCK SURGES ON POSITIVE TRENDS DESPITE BIG Q2 LOSS

Uber’s effort to meld its pioneering ride-hailing service with food and freight delivery showed progress during the past quarter even though the company sustained a huge loss stemming from a sharp decline in its outside investments.

INFLATION WEIGHS ON BACK-TO-SCHOOL BUYING FOR MANY FAMILIES

To understand the impact of surging inflation on this year’s back-to-school spending, look no further than children’s rain boots with motifs like frogs and ladybugs made by Washington Shoe Co.

CONGRESS OKS BILL TO AID COMPUTER CHIP FIRMS, COUNTER CHINA

The House passed a $280 billion package to boost the semiconductor industry and scientific research in a bid to create more high-tech jobs in the United States and help it better compete with international rivals, namely China.

NEW CRYPTO OVERSIGHT LEGISLATION ARRIVES AS INDUSTRY SHAKES

A bipartisan group of senators on Wednesday proposed a bill to regulate cryptocurrencies, the latest attempt by Congress to formulate ideas on how to oversee a multibillion-dollar industry that has been racked by collapsing prices and lenders halting operations.

FAA CLEARS BOEING TO RESUME DELIVERY OF 787 DREAMLINERS

Boeing has cleared a key hurdle with federal regulators and could soon resume deliveries of its large 787 airliner, which has been plagued by a series of production issues since late 2020, a person familiar with the matter said.

SENATE DEAL SHOULD MAKE IT EASIER TO BUY ELECTRIC VEHICLES

The surprise deal by Senate Democrats on a slimmed-down bill to support families, boost infrastructure and fight climate change also is likely to jump-start sales of electric vehicles.

ROBINHOOD CUTS 23% OF ITS WORKFORCE AS FEWER USERS TRADE

Robinhood Markets said it’s cutting nearly a quarter of its workforce, as crashing cryptocurrency prices and a turbulent stock market keep more customers off its trading app.

watchOS 9

Health & fitness: The next leap forward in wearable tech

California Social Media Addiction Bill Drops Parent Lawsuits

A first-of-its-kind proposal in the California Legislature aimed at holding social media companies responsible for harming children who have become addicted to their products would no longer let parents sue popular platforms like Instagram and TikTok.

Delta Places Order for 100 Boeing 737 Aircraft

Delta is ordering 100 737 Max 10 airplanes, the largest of the line produced by Boeing, potentially giving the manufacturer additional momentum after a troubled rollout of its most advanced aircraft.

JUDGE: UBER DOESN’T HAVE TO OFFER WHEELCHAIR ACCESSIBILITY

A California federal judge has rejected a legal push to require Uber to provide wheelchair-accessible vehicles, finding that such a mandate would be too onerous on the ride-hailing company.

FACEBOOK GIVES USERS NEW WAY TO SEE ALL THEIR FRIENDS’ POSTS

Facebook is rolling out an update that enables its 2 billion daily users to more easily view their friends’ posts in chronological order.

TWITTER SETS SEPTEMBER SHAREHOLDER VOTE ON ELON MUSK BUYOUT

Twitter has set Sept. 13 as the date for its shareholders to vote on the company’s pending buyout by Tesla CEO Elon Musk.

5 ELECTRIC SUVS FOR ALMOST ANY BUDGET

In the early days of the modern electric vehicle, or EV, your choices were largely limited to a few range-compromised models or an expensive Tesla on the high end.

CHINA ADDS SCIENCE LABORATORY TO ITS ORBITING SPACE STATION

China added a laboratory to its permanent orbiting space station as it moves toward completing the structure in coming months.

RUSSIA TO DROP OUT OF INTERNATIONAL SPACE STATION AFTER 2024

Russia will pull out of the International Space Station after 2024 and focus on building its own orbiting outpost, the country’s new space chief said this week amid high tensions between Moscow and the West over the fighting in Ukraine.

Matter - Integration: The key to the future of smart homes

Our homes might be smarter than ever, but with so many platforms, manufacturers, and ecosystems vying for our attention and hard-earned cash, it can be hard to know where to start. Matter, a new smart home connectivity standard, hopes to make things a little easier.

CALIFORNIA TO ALLOW CRYPTOCURRENCY CAMPAIGN DONATIONS

Candidates for state and local offices in California will soon be able to accept cryptocurrency campaign donations.

KOREAN FIRM'S $22B INVESTMENT WILL MEAN NEW US JOBS, WH SAYS

South Korea’s SK Group announced plans to invest $22 billion in the United States on industries including semiconductors, green energy and bioscience, which the White House said will create tens of thousands of domestic jobs while helping ease global supply chain snarls that have persisted during the coronavirus pandemic.

TOMORROW’S ‘TOP GUN’ MIGHT HAVE DRONE WINGMAN, USE AI

Maverick’s next wingman could be a drone.

Crypto Plunge is Cautionary Tale for Public Pension Funds

When the Houston Firefighters Relief and Retirement Fund bought $25 million in cryptocurrencies, with the fund’s chief investment officer touting their potential, retired fire Capt. Russell Harris was concerned.

‘The Sea Beast' is a Charming, Animated Adventure

For a young imagination, there is something uniquely captivating about a stowaway story on the high seas.

As AI Language Skills Grow, So Do Scientists' Concerns

The tech industry’s latest artificial intelligence constructs can be pretty convincing if you ask them what it feels like to be a sentient computer, or maybe just a dinosaur or squirrel. But they’re not so good — and sometimes dangerously bad — at handling other seemingly straightforward tasks.

AUTOMAKERS TARGETING AVERAGE HOUSEHOLDS WITH NEW CROP OF EVS

In their first rollouts of electric vehicles, America’s automakers targeted people who value shortrange economy cars. Then came EVs for luxury buyers and drivers of pickups and delivery vans.

HIGH-FLYING EXPERIMENT: DO STEM CELLS GROW BETTER IN SPACE?

Researcher Dhruv Sareen’s own stem cells are now orbiting the Earth. The mission? To test whether they’ll grow better in zero gravity.

TWITTER-MUSK TAKEOVER DISPUTE HEADING FOR AN OCTOBER TRIAL

Tesla CEO Elon Musk lost his fight to delay Twitter’s lawsuit against him as a Delaware judge set an October trial, citing the “cloud of uncertainty” over the social media company after the billionaire backed out of a deal to buy it.

LOG4J SOFTWARE FLAW ‘ENDEMIC,' NEW CYBER SAFETY PANEL SAYS

A computer vulnerability discovered last year in a ubiquitous piece of software is an “endemic” problem that will pose security risks for potentially a decade or more, according to a new cybersecurity panel created by President Joe Biden.

NETFLIX Q2 SUBSCRIBER LOSS WIDENS, BUT NOT AS MUCH AS FEARED

Netflix shed almost 1 million subscribers during the spring amid tougher competition and soaring inflation that’s squeezing household budgets, heightening the urgency behind the video streaming service’s effort to launch a cheaper option with commercial interruptions.

CarPlay 2.0

The possible outcomes for the most exciting ‘next big thing’