Planet Fitness saw the valuation of the company’s stock drop this week after an Alaska gym canceled a woman’s membership when she photographed a male using the women’s locker room. The company’s stock price, which traded at a monthly high of $66.92 on March 7, plummeted to a low of $56.46 on Tuesday. The price
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Target is reportedly doubling bonuses for its salaried workers this year in a display of financial strength — despite a challenging year for the retailer during which it reported its first decline in store visits and same-store sales since before the pandemic. Target has plans to pay 100% of employees’ eligible 2023 bonuses, up an
The first human to have a Neuralink computer chip surgically implanted in his brain demonstrated how he uses his thoughts to move a computer cursor around a screen to play online chess and toggle a music stream on and off. Noland Arbaugh, a 29-year-old man who is paralyzed from the shoulders down due to a
The pressing need to combat a new breed of cybercriminals using artificial intelligence to trick their way into government and corporate records is likely to be the driving force behind AI deployment in the coming months. This was underlined on Wednesday after Microsoft Corporation MSFT said in a report that it had detected hacking groups
The Justice Department is poised to sue Apple as soon as Thursday for allegedly violating antitrust laws by blocking rivals from accessing hardware and software features of its iPhone, Bloomberg News reported on Wednesday. The lawsuit, which is expected to be filed in federal court, escalates the Biden administration’s antitrust fights against most of the biggest technology companies in the
In Las Vegas, cheating at the gambling tables can swiftly send you to jail. Yet in the world of fantasy sports betting, major companies are cheating and getting away with it: They are edging out rising competitors rather than playing fair. Their accomplice in this endeavor? None other than state legislatures. The online fantasy sports
Social media platform Reddit,priced its initial public offering at the top of its targeted range of $31 to $34 per share on Wednesday, raising $748 million and giving the ailing technology IPO market a much-needed boost. The IPO priced 22 million shares sold by the company and its existing shareholders at $34 a share, giving
The first human to have a Neuralink computer chip surgically implanted in his brain demonstrated how he uses his thoughts to move a computer cursor around a screen to play online chess and toggle on and off a music stream. Noland Arbaugh, a 29-year-old man who is paralyzed from the shoulders down due to a
Wall Street’s main stock indexes closed at record highs on Wednesday after the Federal Reserve eased investor jitters bykeeping borrowing costs unchangedand reinforcing expectations that rates could be cut as many as three times this year. The Dow Jones Industrial Average jumped 401.37 points, or 1%, to a record close of 39,512.13. The S&P 500 gained 0.9%
American chipmaker Intel will receive up to $19 billion in corporate welfare, the White House announced Wednesday, making it likely to be the largest recipient of taxpayer-funded aid intended to boost semiconductor manufacturing. President Joe Biden is expected to make a formal announcement of the handout later today during a campaign stop at Intel’s headquarters
Russia has returned five Ukrainian children to Kyiv with thousands still believed to be held by Moscow. A report from Russian news agency TASS said that six children were reunited with their families after mediation at the Qatari embassy in Moscow. Five of the children were sent to Ukraine, and one was returned to relatives
Listen to a recap of the top stories of the day from Electrek. Quick Charge is now available on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
Delhi has been named 2023’s the most polluted capital city in the world, as India – and the whole of South Asia – continues to grapple with smog and toxic air. A report into the most polluted cities around the world by IQAir, a Swiss-based air-quality monitoring group, found nine of the top 10 were
Shares in Reddit will make their market debut later on Thursday after a sale valuing the social media platform at $6.4bn (£5bn). The company’s initial public offering (IPO) was priced at the top of its targeted range of $31 to $34 per share on Wednesday night, raising $748m. Reddit and its existing shareholders sold 22
Hermès has been sued over claims it unlawfully allows only customers with “sufficient purchase history” with the company to buy its famous Birkin bags. Two residents in California allege Hermès is violating antitrust laws by “tying” the sale of one item to the purchase of another, according to the proposed federal class-action lawsuit filed on
The first patient to receive a brain chip from Elon Musk’s company Neuralink has been shown playing online chess. Neuralink released a nine-minute video in which the patient, who is paralyzed below his shoulders, appears to move a cursor across a laptop screen with nothing but his thoughts. The video shows him playing chess and
In this photo illustration a Reddit logo is seen displayed on a smartphone. Mateusz Slodkowski | Sopa Images | Lightrocket | Getty Images Reddit, the 19-year-old website that hosts millions of online forums, priced its IPO on Wednesday at $34 a share, the top of the expected range. The offering brought in $519 million, according
Tesla has partnered with IronRidge, a solar mount manufacturer, to combine their products into a solution that’s expected to slash rooftop solar costs. Improvements in solar power technology are not just about solar panels and inverters. A lot of the cost of a solar system is linked to design, installation, mounting equipment, and more. If
The King’s medical records were not accessed during an alleged data breach at the London Clinic, it is understood. As many as three staff members could have been involved in allegedly accessing the Princess of Wales’s private records, according to The Mirror, after Kate was discharged from the exclusive hospital in central London in January.
A government bill centred on deporting asylum seekers to Rwanda has been sent back to MPs after peers rejected it. The Safety of Rwanda Bill had been debated in the House of Lords after their previous changes were dismissed by the Commons earlier this week. In the upper chamber, the government lost seven votes by
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