Techlife News #524

Read the most relevant news of the week about the world of technology and its influence on our lives. New products, Apps, acquisitions in the industry, highlights about the digital world and everything about your favorite iGadgets and upgrades. Everything you need to keep well informed. A new concept of light, intelligent, innovative reading at your fingertips. A global view of Tech LifeStyle and its influence on our lives.

País:
United States
Idioma:
English
Editor:
Ivan Castilho de Almeida
Periodicidad:
Weekly
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52 Números

en este número

3 min.
electric truck maker rivian zooms to $86b market value

Shares of Rivian Automotive jumped in their debut Wednesday, rising as much as 53% as investors look for the next big winner in the electric vehicle market. The closing price of $100.73 gave Rivian a market value of about $85.9 billion, greater than that of Ford and just below General Motors. That’s noteworthy because Rivian has so far delivered about 150 of its electric pickup trucks to customers, mostly employees, whereas Ford and GM sell millions of cars globally each year. Ford is one of Rivian’s high-profile backers, having invested a half-billion dollars into the company in 2019. The other is Amazon, which held a 20% stake in Rivian ahead of the IPO. Rivian is aiming to take advantage of a growing appetite among consumers and investors for electric vehicles. It joins what’s…

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2 min.
after twitter poll, ceo musk sells off $5b in tesla shares

After making a promise on Twitter, Tesla CEO Elon Musk has sold about 4.5 million shares of the electric car maker’s stock, raising over $5 billion. The sales, disclosed in 10 regulatory filings late Wednesday, amount to about 3% of Musk’s stake in the company. About $1.1 billion will go toward paying tax obligations for stock options granted to Musk in September. Last weekend, Musk said he would sell 10% of his holdings in the company, worth more than $20 billion, based on the results of a poll he conducted on Twitter. The sale tweets caused a sell off of the stock Monday and Tuesday, but it recovered some on Wednesday. The shares were up 2.6% to $1,096 in extended trading Wednesday, and they have risen more than 50% this year. The filings also…

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1 min.
us sues uber, saying wait fees discriminate against disabled

The federal government is suing Uber saying it discriminates against disabled people by charging fees when drivers have to wait for passengers to board their vehicles. Uber’s “wait time” fees kick in two minutes after a driver arrives, and are charged until the car begins its trip. According to the Department of Justice, Uber added the fees in a few cities in April 2016. Eventually, they spread nationwide. In its lawsuit, filed Wednesday in U.S. District Court in Northern California, the Justice Department says Uber is violating the Americans with Disabilities Act for failing to modify its fees for those who may need extra time to get into an Uber car. The lawsuit alleges that Uber charged the fees even when it was aware that a delay was disability-based. Uber said it has been…

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4 min.
spacex crew launch marks 600 space travelers in 60 years

A SpaceX rocket carried four astronauts into orbit Wednesday night, including the 600th person to reach space in 60 years. The repeatedly delayed flight occurred just two days after SpaceX brought four other astronauts home from the International Space Station. They should have been up there to welcome the newcomers, but NASA and SpaceX decided to switch the order based on Monday’s ideal recovery weather in the Gulf of Mexico and pulled it off. “It was a great ride, better than we imagined,” mission commander Raja Chari said shortly after the spacecraft reached orbit. The launch was just as riveting for spectators at NASA’s Kennedy Space Center, as well as along the East Coast, as the Falcon rocket thundered through clouds on its way to space, turning night into day. Germany’s Matthias Maurer claimed…

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2 min.
study: us shoppers outspend chinese to restore luxury market

The personal luxury market of high-end accessories, leather goods and apparel has snapped back to pre-pandemic levels as U.S. shoppers outspent those in China in pursuit of the latest fashion trends, according to a study released by the Bain consultancy. Global consumer spending on personal luxury goods, including the latest sneaker trend or design collaboration, is forecast to spike by 29% this year, to 283 billion euros ($325 billion). That’s a return to 2019 levels and a turnaround from the gloom of the 2020 pandemic lockdowns that shuttered stores and halted international travel. The recovery is expected to be supported by a strong holiday shopping season, Bain said. “We are pretty positive, even if the growth rate in particular in China has been slowing down since mid-August. But they are still very strong,”said…

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2 min.
leaders in paris to call for protecting children online

Some world leaders and internet giants are expected to issue a global call to better protect children online during a Paris summit of about 30 heads of state and government, including U.S. Vice-President Kamala Harris, the French presidency said on Thursday. “Protecting our children and teenagers online means taking them away from inappropriate or dangerous content, from violence, hatred and pornography,”French President Emmanuel Macron tweeted. He called on states, organizations and companies to“make concrete commitments for 2022”on the occasion of the Paris Peace Forum. The Elysee said about 450 participants are expected at the three-day summit that opens Thursday, while 15,000 others will attend online. The summit brings together world leaders, CEOs, NGOs and others to discuss global issues such as climate, the COVID-19 pandemic and the digital transition. Macron is to chair…

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