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Richard Branson’s Virgin Hyperloop has completed the world’s first passenger ride on a super high-speed levitating pod system, the company said on Sunday, a key safety test for technology it hopes will transform human and cargo transportation.

Virgin Hyperloop executives Josh Giegel, its Chief Technology Officer, and Sara Luchian, Director of Passenger Experience, reached speeds of up to 107 miles per hour at the company’s DevLoop test sit...


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Billionaire activist investor Carl Icahn raised his stake in U.S. printer maker Xerox Holdings Corp to about 14.4% as of Nov. 5, according to a filing here, months after he backed the company's abandoned takeover of personal computer maker HP Inc.

Xerox’s shares rose 3.4% in extended trading on the news.

Icahn, who last reported a stake of 12.9% in Xerox as of Sept. 9, had also built a sizable stake in HP around the time Xerox reached out to it for a merger.

HP Inc rebuffed Xerox’s initial offers and Xerox went hostile with its bid but ultimately gave up the pursuit in March due to the coronavirus pandemic.


AP News | Equities.com |

Wall Street’s post-election wave swept stocks solidly higher again Thursday, pushing the S&P 500 toward its biggest weekly gain since April.

Markets are banking on Tuesday’s election leading to split control of Congress, which could mean low tax rates, lighter regulation on businesses and other policies that investors like remain the status quo. It’s still unclear who will run the White House next year, though Democrat Joe Biden is pushing closer toward the needed mark as vote counting continues in a number of key states.


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Technology and health care companies led a stock market rally Wednesday, as Wall Street embraced the upside of more gridlock in Washington even as the outcome of the U.S. presidential election remained in limbo.

The S&P 500 rose 2.2% for its best day in five months. The benchmark index had been up 3.5% before the market lost some of its momentum toward the end of the day. That pullback wiped out more than 450 points from the Dow Jones Industrial Average, though the blue-chip index still closed more than 360 points higher.


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Walmart Inc and Comcast Corp are in talks to develop and distribute smart TVs, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Under the terms being discussed by the companies, Walmart would promote TV sets running Comcast software and get a share of recurring revenue from Comcast in return, according to the report.

Comcast, which is competing with Netflix and Apple Inc’s Apple TV+ for a s...


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HONG KONG (Reuters) - China’s Lenovo Group, the world’s biggest PC maker, posted a better than expected quarterly profit on Tuesday and said it is continuing to benefit from “new normal” remote working after COVID-19.

Lenovo reported a 53% jump in net profit for the quarter ended September to $310 million, beating an average $224 million estimate of eight analysts, according to Refinitiv data.


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Apple to hold Nov 10 event, analysts expect new Mac computers
By Stephen Nellis

2 MIN READ

 

FILE PHOTO: The Apple logo is seen at an Apple Store in Brooklyn, New York, U.S. October 23, 2020. REUTERS/Brendan McDermid
(Reuters) - Apple Inc on Monday announced a special event for Nov. 10 but gave no further details aside from a tag line of "one more thing."

Apple last month announced a range of new iPhones and...


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Walmart Inc said on Monday it has dropped its plans to use roving robots to scan shelves and keep track of inventory, squashing the world’s largest retailer’s years-long efforts to automate the task.

The company has worked with Bossa Nova Robotics Inc for five years to improve customer experience by using robots to assist shop staff and make their jobs easier.

“This was one idea we tried in roughly 500 stores just as we ...


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BERLIN (Reuters) - Splitting up large tech companies such as Google and Facebook will not be necessary, Europe’s antitrust chief was quoted as saying on Sunday.

European Competition Commissioner Margrethe Vestager is due to announce new draft rules for the digital sector on Dec. 2 and will then have to reconcile her proposal with those from member countries and the European Parliament.

On Thursday, she said she would propose new powers for enforcers to tackl...


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Honor of Kings, Tencent’s flagship video game, announced a record 100 million daily active users worldwide and said it was expanding into other genres and forming a tie-up with British luxury group Burberry.

The moves come as the world’s most lucrative mobile game celebrates its fifth anniversary and faces a challenge from a mobile version of League of Legends, the world’s most popular desktop game.