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Monthly Archives: July 2023

Astranis Alaska internet satellite malfunctions, backup planned

The Arcturus satellite is seen en route to geosynchronous orbit. Astranis Satellite internet service provider Astranis said Friday its first commercial satellite in orbit, which was intended to provide coverage to Alaska, has malfunctioned. A backup satellite is planned for the spring. It’s an early setback for a unique approach …

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Amazon Kuiper to build satellite prep facility in Florida

An artist’s rendering of the Project Kuiper satellite processing facility in Florida. Amazon Amazon will invest $120 million to build a satellite processing facility at NASA’s Kennedy Space Center in Florida, as the company prepares to launch the first satellites for its Project Kuiper internet network, the tech giant announced …

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What it is and why it causes poor investment choices

Stephen Frink | The Image Bank | Getty Images Investors can get swept away by the fear or euphoria of the recent past — and it often costs them financially. “Recency bias” is the tendency to put too much emphasis on recent events, like a stock-market rout or the meteoric …

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Delivery Hero doubles down on Middle East with Saudi deal

The website of food delivery service Delivery Hero. Rafael Henrique | SOPA Images | LightRocket via Getty Images Delivery Hero, the German online food delivery company, said Friday that it is taking full ownership of its Saudi subsidiary in a transaction valued at $297 million. The company said it has …

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Japan’s BOJ has been ‘wrong footed’ on inflation, analyst says

Bank of Japan Governor Kazuo Ueda arrives to conduct an interview with a small group of journalists in Tokyo on May 25, 2023. Richard A. Brooks | AFP | Getty Images Analysts are split over the Bank of Japan’s moves after the country’s core inflation came in above the central …

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White House secures voluntary pledges from Microsoft, Google on AI

President Joe Biden speaks as he meets with AI experts and researchers at the Fairmont Hotel in San Francisco, June 20, 2023. Jane Tyska | Medianews Group | Getty Images Seven top artificial intelligence companies, including Google, Microsoft and OpenAI, will convene at the White House on Friday, pledging to …

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Amazon to add pay-by-palm tech to all Whole Foods stores by year end

Amazon is bringing its palm-scanning payment system to a Whole Foods store in Seattle, the first of many planned future locations to roll out the technology. Amazon Amazon will let shoppers pay with their palms at all Whole Foods stores by the end of the year, the company announced Thursday. …

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TikTok Shop inks Atome buy now, pay later partnership in Malaysia

Two sellers offering merchandise for sale through a TikTok livestream. Bay Ismoyo | Afp | Getty Images TikTok struck a partnership with “buy now, pay later” service Atome to offer installment payments on its e-commerce marketplace in Malaysia, the latest in the company’s e-commerce push into Southeast Asia. TikTok Shop …

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China hackers breach emails of U.S. diplomats Nicholas Burns, Kritenbrink

US Secretary of State Antony Blinken (L) shakes hands with China’s Director of the Office of the Central Foreign Affairs Commission Wang Yi at the Diaoyutai State Guesthouse in Beijing on June 19, 2023. (Photo by Leah MILLIS / POOL / AFP) (Photo by LEAH MILLIS/POOL/AFP via Getty Images) Leah …

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Medicare Part B premiums may increase in 2024 due to Alzheimer’s drug

bymuratdeniz | E+ | Getty Images One of the costs retirees pay — Medicare Part B premiums — may be increasing in 2024, driven by a new Alzheimer’s treatment on the market. The Medicare trustees projected in March that the standard monthly Part B premium may increase to $174.80 in …

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