An Israeli startup plans to build about one mile of pavement in Michigan that will wirelessly charge electric vehicles as drivers roll past, marking a first-of-its-kind infrastructure project in the U.S. Electreon, based in Beit Yanai, won a contract with the state to build the charging road system near downtown …
Read More »Meme
The 2021 rush to heavily shorted “meme stocks” accomplished at least one thing where the longest bull market had failed: It brought young retail investors into the fold. Individuals who had sat out Wall Street’s more than a decade-long winning run jumped into stocks this year, lured by a trading …
Read More »Facebook whistleblower fears Meta’s plan for the metaverse
Meta Platforms, the owner of Facebook, is racing to build the “metaverse,” and Frances Haugen is worried. The company’s notorious struggles to moderate content on its social media platform bode ill for Meta’s ability to control what is posted in the virtual world, said Haugen, the former Facebook product manager …
Read More »Starved for semiconductors, Ford strikes deal for more chips
As the global shortage of semiconductors continues to stunt car sales, Ford Motor is teaming with a U.S. chipmaker to ensure its access to the essential vehicle components. Under an agreement announced on Thursday, GlobalFoundries will make semiconductors for Ford vehicles and collaborate with the automaker on research. Ford will initially use the …
Read More »Yale Drama School scraps tuition after David Geffen donates $150 million
The Yale School of Drama is eliminating tuition for all current and future students after receiving a $150 million donation from billionaire David Geffen, the noted theater organization announced Wednesday. The Ivy League school said it would waive the cost of tuition for all drama students beginning with the upcoming …
Read More »Amazon to buy film studio MGM for $8.45 billion
Amazon said Wednesday it is buying Metro-Goldwyn-Mayer in a deal valued at $8.45 billion, giving the e-commerce giant access to the famed studio’s extensive library of movies and TV shows, including film franchises such as “Rocky” and “James Bond.” The deal is Amazon’s biggest purchase since acquiring grocery chain Whole Foods …
Read More »Microsoft to launch Xbox Series X on November 10, just ahead of holidays
The holiday video game console battle is heating up. Microsoft says its new Xbox Series X will cost $500 and debut November 10, just ahead of the holidays. There haven’t been any new generations of video game consoles for several years. The most recent Xbox, Xbox One, was released in …
Read More »iStreamItAll: Illegal streaming site bigger than Netflix, Amazon Prime and Hulu combined, feds say
Two Las Vegas men who admitted to running one of the nation’s largest illegal television and movie streaming services pleaded guilty this week and now face money laundering and copyright infringement charges, federal officials said Friday. iStreamItAll was an online, subscription-based streaming site that allowed users to download TV episodes …
Read More »NCAA athletes getting paid: Thousands could be in their futures
Elite college athletes could pocket tens of thousands of dollars annually during their school years once the NCAA officially allows them to score sponsorships and endorsements. A wider pool of athletes without prominent profiles could earn smaller amounts off local deals that would at least make life on a student …
Read More »Stranger Things season 3 product placement boosts relevance for hundreds of brands
“Stranger Things,” the acclaimed Netflix series set in the 1980s, has emerged as a powerful platform for promoting a range of corporate brands.Netflix doesn’t accept paid product placements, but rather seeks to weave brands into storylines in ways that more organically evoke the show’s setting in the 1980s.That approach has …
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