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- Yahoo Sports
Docs: NCAA could face $20B in damages, bankruptcy if proposed settlement offer isn't agreed upon
The potential settlement is believed to be in its final stages of adoption and consists of back pay, a new compensation model and an overhaul of the NCAA scholarship system.
- Autoblog
UPS and FedEx find it harder to replace gas guzzlers than expected
Shipping companies like UPS and FedEx are facing uncertainty in U.S. supplies of big, boxy electric step vans they need to replace their gas guzzlers.
- Yahoo Finance
Re-vote on Elon Musk’s pay could expose Tesla to even more legal trouble
Tesla is likely in for some fresh legal entanglements after recommending stockholders vote to reinstate Elon Musk’s compensation package.
- Yahoo Finance
Amid uncertainty around Social Security, here's what financial advisers are telling clients
One of the biggest retirement fears is a reduction in Social Security benefits. Here's what advisers say to do to prepare.
- Yahoo Finance
JPMorgan predicts 2024 revenue boost as rate expectations shift
The nation's largest bank boosted expectations for a key revenue source in 2024 due partly to fewer rate cuts expected from the Federal Reserve.
- Yahoo Finance
The ending of Google's monopoly trial has Silicon Valley on edge
Google has a lot at stake as a federal judge weighs whether the tech giant’s search empire should be broken up. But so does the rest of Silicon Valley.
- TechCrunch
Fisker stiffed the engineering firm developing its low-cost EV and pickup truck, lawsuit claims
Henrik Fisker stood on a stage last August and proudly debuted two prototypes designed to catapult his eponymous EV startup Fisker into the mainstream. There was the Pear, a low-cost EV meant for the masses, and the Alaska, Fisker’s entry into the red-hot pickup truck market. In the weeks that followed, Fisker stopped paying the engineering firm that helped develop those vehicles, according to a previously unreported lawsuit filed in federal court this week.
- Engadget
FCC fines America's largest wireless carriers $200 million for selling customer location data
The Federal Communications Commission has slapped the largest mobile carriers in the US with a collective fine worth $200 million for selling access to their customers' location information without consent.
- TechCrunch
Rivian targets gas-powered Ford and Toyota trucks and SUVs with $5,000 'electric upgrade' discount
Rivian is offering discounts up to $5,000 on its EVs — and a year of free charging — to customers willing to trade in their gas-powered trucks and SUVs. The promotion, which kicked off on April 22, is aimed directly at some of the best-selling and most ubiquitous gas-powered trucks and SUVs on the market today, including the Ford F-150, Toyota Tacoma and Jeep Wrangler. Rivian is even going after German automakers, Audi and BMW.
- Yahoo Finance
The big questions JPMorgan investors have for Jamie Dimon
Attendees at JPMorgan's annual investor day Monday will be listening for answers to some key questions. A top concern is how much longer Jamie Dimon plans to run the largest US bank.
- Engadget
Apple’s big AI rollout at WWDC will reportedly focus on making Siri suck less
Apple will reportedly focus its first round of generative AI enhancements on beefing up Siri’s conversational chops. The company will reportedly roll out a new version of Siri powered by generative AI at its WWDC keynote on June 10.
- TechCrunch
Luminar cuts 20% of staff and outsources lidar production
Lidar company Luminar is slashing its workforce by 20% and will lean harder on its contract manufacturing partner as part of a restructuring that will shift the company to a more "asset-light" business model, as it aims to scale production. Luminar is also cutting ties with "the majority" of its contract workers. "Today, we stand at the crossroads of two realities: the core of our business has never been stronger across technology, product, industrialization, and commercialization; yet at the same time the capital markets perception of our company has never been more challenging," billionaire founder and CEO Austin Russell said in a letter posted to Luminar's website.
- Yahoo Finance
Starbucks CFO says there are no plans to lower prices, but Wall Street is skeptical of its 2024 plans
The company is planning to introduce new menu items, loyalty offerings, and more, but it likely falls short of what's needed for a turnaround.
- Yahoo Finance
Macy's beats lowly Q1 estimates, as it weighs a future between a turnaround or a buyout
Macy’s recorded another quarter of sales declines, but not as much as Wall Street feared.
- Yahoo Finance
Wall Street bosses tested by calls to strip them of power
Some of Wall Street’s most powerful bosses are facing new shareholder proposals this spring that would strip them of power by separating CEO and chairman seats.
- TechCrunch
Google's 3D video conferencing platform, Project Starline, is coming in 2025 with help from HP
In 2021, Google kicked off work on Project Starline, a corporate-focused teleconferencing platform that uses 3D imaging, cameras and a custom-designed screen to let people converse with someone as if they were in the same room -- more or less. In a blog post published ahead of Google I/O, Google said that it'll collaborate with HP to start commercializing Starline sometime in 2025. Google's also working to integrate Starline with popular videoconferencing services like Zoom and Google Meet, the company says.
- Engadget
Microsoft and OpenAI sued yet again by Chicago Tribune and New York Daily News
A group of publications that include the Chicago Tribune, New York Daily News and the Orlando Sentinel are accusing OpenAI and Microsoft of stealing their copyrighted content to train generative AI products.
- TechCrunch
Pine Labs gets Singapore court approval to shift base to India
Pine Labs, a merchant commerce startup, has received approval from a Singapore court to merge its local entity with its Indian unit, and transfer all its assets and properties, effectively permitting the firm to shift its operations to India. Pine Labs disclosed the court order in a recent regulatory filing seen by TechCrunch. Pine Labs offers a range of products and services to merchants, such as cloud-connected point-of-sale machines and working capital.
- Engadget
Google asks court to reject the DOJ’s lawsuit that accuses it of monopolizing ad tech
Google filed a motion on Friday in a Virginia federal court seeking summary judgment for the Department of Justice's antitrust case against it. The DOJ sued Google at the beginning of 2023 for alleged monopolistic practices.
- TechCrunch
Electricity Maps calculates the carbon intensity of electricity consumption to optimize usage at scale
If you’re an electricity nerd, chances are you’ve already spent quite a few hours looking at Electricity Maps and its mesmerizing export flow animations. This open source data visualization project has been around since 2016. There are currently 20 people working for Electricity Maps and the company has been profitable for a few years.