Apple’s annual fall product showcase is expected to deliver two firsts: the company’s first foldable phone and the debut of new CEO John Ternus, who succeeded longtime leader Tim Cook on Sept. 1. The event, which Apple is dubbing “Surprise and Shine,” will start at 1 p.m. ET on Sept. 9 at its Cupertino, California,…
Shares of SpaceX tumbled on Wednesday despite reporting strong revenue growth in its first public quarterly earnings report, as investors questioned the rocket maker’s accelerating investment in artificial intelligence. SpaceX shares tumbled $10.06, or 8%, to $115.27 in early afternoon trading on Wednesday. Investors are worried that the company’s massive investments in artificial intelligence won’t be enough…
SpaceX is set to issue its first earnings report as a public company on Tuesday, offering a detailed look at how the rocket, satellite and AI provider is faring after its ballyhooed initial public offering in June. SpaceX shares have sputtered after initially soaring following the transaction, the largest IPO in U.S. history. The company’s…
FIFA president Gianni Infantino said on Saturday he has scrapped a plan to allow private investment in the World Cup following fierce backlash from football officials worldwide. “Our purpose has always been — and will always be — to unite and improve,” Infantino said in a statement. “As a result, this proposal will not proceed.”…
European football’s governing body UEFA said on Thursday it would boycott the World Cup should FIFA press ahead with its private investor plan. “No UEFA national teams will participate in any FIFA competition for so long as these proposals remain alive, unless this proposal has been abandoned in its entirety and binding assurances have been…
FIFA said Tuesday it plans to sell a stake in the business operations of the World Cup and its other competitions through the creation of a semi-private subsidiary. World football’s governing body said it would retain a majority share in FIFA Forward Enterprise (FFE) but hoped to raise $4.2 billion later this year by “carefully…
Indian space startup Skyroot Aerospace on Saturday launched the country’s first privately developed orbital rocket, a key test of national efforts to compete for a bigger share of the global commercial launch market. The Vikram-1 rocket lifted off from the Satish Dhawan Space Centre in Sriharikota at 0635 GMT, leaving behind a plume of fire…
