Apple Fights Addiction, and SpaceX's Zuma Payload Goes Missing
Apple responds to investor calls that it do something to prevent kids from getting addicted to iPhones. The tech giant saying it will roll out new features to help parents control what their kids see on their devices.
And SpaceX's first launch of the year may not have been as successful as hoped. The mysterious Zuma payload, commissioned but kept under wraps by the government, may have burned up and disappeared after separating from the Falcon 9 rocket.
Plus Democratic senators have enough support to force a floor vote on last month's net neutrality repeal. That could lead to a reversal of the controversial decision by the FCC, but there are still plenty of hurdles in the way.
And Samsung shares fell after the company issued guidance for the fourth quarter below analyst estimates. Still, the South Korean electronics giant sees record profit for the period.
The stunning indictment that led to the arrest of more than 30 people — including Miami Heat guard Terry Rozier and other NBA figures — has drawn new scrutiny of the booming business of sports betting in the U.S. The multibillion-dollar industry has made it easy for sports fans — and even some players — to wager on everything from the outcome of games to that of a single play with just a few taps of a cellphone. But regulating the rapidly-growing industry has proven to be a challenge. Professional sports leagues’ own role in promoting gambling has also raised eyebrows.
Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply. Third-quarter earnings fell to $1.4 billion, from $2.2 billion a year earlier. Excluding charges, per share profit of 50 cents came in below analysts' estimate. Tesla shares fell 3.5% in after-hours trading. Musk said the company's robotaxi service, which is available in Austin, Texas, and San Francisco, will roll out to as many as 10 other metro areas by the end of the year.
Starbucks’ AI barista aims to speed service and improve experience. Nick Lichtenberg, Fortune Business Editor, explains its impact on workers and customers.
As Big Tech reports Q3 earnings, investors await proof that massive AI and cloud investments from Meta, Apple, Microsoft, and Alphabet are driving real growth.
