Month: June 2026

Lucid Motors Sheds 18% of Workforce, Follows April Layoffs
Lucid Motors is cutting 18 percent of its workforce, roughly 1,500 employees, just four months afte…

Instagram for TV Expands to Samsung Smart TVs in the US
Instagram for TV is expanding to Samsung smart TVs across the United States, making the app available …

Meta Acquires Stake in Indian Fintech Cred for $900 Million
Meta has paid $900 million for a fifth stake in Indian fintech company, Cred. The significant in…

Germany’s Space Minister on US Dependence: "Without Us, It Cannot Be Done"
Germany’s space minister has a message for Washington: the dependence ru…

UPS Invests $48 Million in Global Temperature-Controlled Freight Cross-Dock Facilities
UPS has announced a $48 million investment in 27 temperature-controlled…

SpaceX’s Bond Sale: A New Chapter for Elon Musk’s Empire
Fresh from a record IPO that helped make Elon Musk a trillionaire, SpaceX is raising at least $20bn t…

OpenAI’s Financial Disclosures: A Lean Software Business or a Heavy Reality?
OpenAI’s books show zero debt and just $46mn of quarterly capital spending. The …

Most of What Makes American Healthcare Expensive Happens Before and After Doctor’s Visits
Most of what makes American healthcare expensive happens before …

China Imposes Trade Curbs on 56 US Companies in Retaliation
China has taken direct action against the United States by implementing trade restrictions targeti…

The Lime IPO: Uber’s Anchor Investment in Scooter Firm
Lime , the scooter and bike-rental firm formerly known as Neutron Holdings , is going public with the…