Amazon on Wednesday unveiled a new robotic system that’s capable of performing multiple tasks at once in the company’s warehouses.The system, called Blue Jay, is made up of a series of robotic arms that are suspended from a conveyor belt-like track. Those arms are tipped with suction-cup devices that allow them to grab items of varying shapes and sizes.Blue Jay combines “what used to be three separate robotic stations into one streamlined workplace that can pick, sort, and consolidate in a single place,” Amazon said in a blog.The robotic system’s goal is to assist employees with otherwise strenuous tasks “while…
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Brand new Range Rovers are parked outside a Jaguar Land Rover car dealership on May 8, 2025 in Taunton, England. Anna Barclay | Getty ImagesThe hack of Jaguar Land Rover, owned by India’s Tata Motors, cost the British economy an estimated 1.9 billion pounds ($2.55 billion) and affected over 5,000 organisations, an independent cybersecurity body said in a report published on Wednesday.The report was produced by the Cyber Monitoring Centre, an independent, not for profit organisation made up of industry specialists, including the former head of Britain’s National Cyber Security Centre. It said losses could be higher if there were…
The crypto industry recently had one of its worst days ever. And while bitcoin and ether holders seem to have put some of the carnage behind them, traders of many lesser-known tokens are still feeling a lot of pain.More than 1.6 million traders suffered a combined $19.37 billion erasure of leveraged positions over a 24-hour period beginning Friday, Oct. 10. That’s the largest ever liquidation event tracked by crypto-focused data analytics firm CoinGlass. The wipeout marked a dark spot for the digital assets market in an otherwise strong year for cryptocurrencies that saw bitcoin and ether hit record highs. More…
A vehicle transport truck arrives with Tesla Model Y vehicles at the company’s store in Colma, California, US, on Thursday, Oct. 9, 2025. David Paul Morris | Bloomberg | Getty ImagesTesla is set to report earnings after the bell on Wednesday.Here’s what analysts are expecting, according to an average of estimates compiled by LSEG:Earnings per share: 54 centsRevenue: $26.37 billionFollowing two straight year-over-year revenue declines, Tesla is expected to return to growth, for one quarter at least, with analysts expecting an increase of 4.7% from $25.18 billion a year earlier. However, early projections for the fourth quarter show revenue dropping 1.2%,…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Wall Street analysts were underwhelmed by the latest quarterly report from Texas Instruments . The company on Tuesday evening reported earnings per share of $1.48, underperforming LSEG’s polling prediction of $1.49. Texas Instruments’ fourth quarter guidance also left much to be desired. The company sees earnings per share ranging between $1.13 and $1.39 for the current period. Analysts expected a forecast around $1.41 per share. The results sent Texas Instrument shares down 6.5% on Wednesday, on pace for its worst day since July 23, when it plunged 13%. Following the report, several analysts cut their price targets on the stock…
Demolition of a section of the East Wing of the White House, during construction on the new ballroom extension of the White House in Washington, DC, US, on Tuesday, Oct. 21, 2025. Aaron Schartz | Bloomberg | Getty ImagesTech giant Alphabet is contributing $22 million to help build the White House ballroom under a legal settlement reached with President Donald Trump last month over his being banned from the company’s YouTube platform after the Jan. 6, 2021, U.S. Capitol riot by his supporters.Images showing the demolition of part of the White House’s East Wing to prepare for building the ballroom…
Jose Luis Pelaez Inc | Digitalvision | Getty ImagesAt around the same time Accenture announced its investment in data labeling startup Snorkel AI to power its financial services clients in August, the startup announced it was laying off about 13% of its staff.It wasn’t alone.When Meta took a massive stake in Scale AI in June, the deal was billed as a sign of confidence in the fast-growing data-labeling company. It was also the catalyst that resulted in laying off 14% of its staff. Windsurf, a coding AI startup, offered buyouts to all of its employees after a failed OpenAI acquisition…
An aerial view of residential homes, many with solar panels, on Sept. 17, 2025 in Fontana, California. Mario Tama | Getty ImagesMortgage rates last week dropped to the lowest level in a month, pushing more borrowers to refinance. Potential homebuyers, however, were not as enthused.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, decreased last week to 6.37% from 6.42%, with points falling to 0.59 from 0.61, including the origination fee, for loans with a 20% down payment.As a result, applications to refinance a home loan, which are most sensitive to weekly changes…
Tickets still available for ‘Fast Money’ live Trading the Holidays event Source link
