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Internet

Amazon takes on SpaceX in the satellite internet with Project Kuiper

Amazon has a plan to deliver internet from space using 3,236 small satellites in low Earth orbit. It’s called Project Kuiper. In April, the company signed a multibillion-dollar contract — the largest rocket deal in the history of the commercial space industry — for launches of its Kuiper satellites with three different entities: Jeff Bezos’s […]

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Mobile

Why it’s bad news for the entire market when Apple has a big drop

Apple stock is down over 8% this week, wiping off about $200 billion in value, and dragging down the Dow and Nasdaq indexes. Apple is now officially in a bear market alongside other technology megastocks. Apple has failed during a bad week for equity markets, which are selling off stocks in nearly every industry on […]

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Markets

Twitter market cap has dropped to $9 billion below Musk purchase price

The Twitter logo and trading information is displayed as a trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, May 3, 2022. Brendan Mcdermid | Reuters As Elon Musk pursues ownership of Twitter, shares of the social media company are dropping, suggesting some concern among investors that […]

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Business

Coinbase (COIN) earnings Q1 2022

Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase reported first-quarter earnings that missed analyst estimates after the bell on Tuesday. Shares fell as much as 19% in extended trading, before rebounding. […]

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Mobile

How Citizens Financial used an iPhone plan to create a nationwide digital bank

Citizens Financial Group Inc. launched its Citizens Pay iPhone upgrade plan in 2015 as an early form of the buy-now-pay-later concept that’s in vogue in the payments space. The idea was to take the Citizens CFG, -0.96% brand as a credit provider and combine it with Apple’s AAPL, +1.61% iPhone to help customers avoid waiting […]