Hertz plans to sell 20,000 EVs, including Teslas, as it returns focus to gas-powered cars

Hertz plans to sell 20,000 EVs, including Teslas, as it returns focus to gas-powered cars

Rental firm Hertz Global Holdings said Thursday it would sell about 20,000 electric vehicles from its US fleet due to higher expenses related to collision and damage, and will opt for gas-powered vehicles. Shares of the company, which operates vehicles from Elon Musk’s Tesla and Swedish EV maker Polestar among others, fell about 3% at market open. Hertz had said…

Big Tech not done with layoffs as Google, Amazon announce cuts in 2024

Big Tech not done with layoffs as Google, Amazon announce cuts in 2024

Comment on this storyComment Add to your saved stories Save SAN FRANCISCO — The wave of layoffs that has broken over Silicon Valley in the past two years isn’t over. On Wednesday, Google confirmed it had cut hundreds of engineering and hardware workers as it sought to cut costs and refocus on artificial intelligence. The…

Amazon’s cashierless checkout is coming to hospitals

Amazon’s cashierless checkout is coming to hospitals

Customers carry their purchases as they leave the U.K.’s first branch of Amazon Fresh in the Ealing area of London, England, on March 4, 2021. Leon Neal | Getty Images Amazon is pitching its cashierless checkout technology to hospitals and other health-care facilities. The company on Thursday said the latest version of its Just Walk…

Don’t Get Caught Like the SEC: Protect Your Online Accounts With Two-Factor Authentication

Don’t Get Caught Like the SEC: Protect Your Online Accounts With Two-Factor Authentication

Updated Jan. 11, 2024 10:51 am ET We get it. Turning on two-factor authentication for your online accounts can be a pain. But like going to the dentist, it’s just something you have to do. On Tuesday, someone broke into the Securities and Exchange Commission’s official X account and tweeted that spot bitcoin exchange-traded funds had been…

Google lays off hundreds of workers as AI race heats up

Google lays off hundreds of workers as AI race heats up

Google will lay off several hundred workers across multiple parts of its business as the search giant shifts more resources toward the rapid development of artificial intelligence, the company confirmed Thursday. A few hundred employees were cut from Google’s core engineering team, the company said. Google also cut hundreds of workers from the division working…

Microsoft briefly surpasses Apple as world’s most valuable company

Microsoft briefly surpasses Apple as world’s most valuable company

Microsoft briefly overtook Apple as the world’s most valuable company after the iPhone maker began in 2024 with its worst start in years due to growing demand concerns. Shares of Microsoft rose 1.5% in early trading hours on Thursday, giving the company founded by Bill Gates a market cap of $2.88 trillion. The Redmond, Wash.-based company’s surge has…

Here’s what a bitcoin ETF actually means for investors

Here’s what a bitcoin ETF actually means for investors

Omar Marques | Lightrocket | Getty Images The U.S. Securities and Exchange Commission just approved the first-ever batch of spot bitcoin exchange-traded funds to come out of the U.S. The agency gave the green light on Wednesday to sponsors of 10 ETFs, including BlackRock, Invesco, Fidelity, Grayscale, and Ark Invest — paving the way for…

Ether prices spike on hopes of an ETF — but the SEC signals that’s less clear cut than bitcoin

Ether prices spike on hopes of an ETF — but the SEC signals that’s less clear cut than bitcoin

St. Moritz, SWITZERLAND — U.S. Securities and Exchange Chair Gary Gensler fired warning shots to the crypto industry, casting doubt over whether digital coin ether would follow next in the footsteps of bitcoin to receive approval for an exchange-traded fund. After the bitcoin ETF approval, prices for ether — the token linked with Ethereum —…