- Walmart is planning to expand its autonomous vehicle delivery service in Miami, Austin, and Washington, D.C. For this, the retail giant has collaborated with Ford Motor and autonomous car startup Argo AI, which has the backing of Ford. The collaboration will use Ford Escape hybrids and the technology of Argo AI. Once started, the customers […]
- In a major overhaul, Bank of America has announced several changes in its management. This is the revamp under the 12-year tenure of Chief executive officer Brian Moynihan. As part of the changes, the bank will see five new members of the senior management team is elevated. This would include three women. In a memo […]
- JPMorgan Chase & Co has agreed to acquire the restaurant review platform The Infatuation which owns Zagat. Infatuation had purchased Zagat in March 2018. The platform is famous for sharing reviews and recommendations about restaurants and help people find the best restaurant near them. The platform, which is just over a decade old, had started […]
- In a major decision, ride-hailing apps Lyft and Uber have decided to help drivers who get sued under Texas anti-abortion law. The companies said that they will pay legal fees to drivers who are sued under the newly enacted abortion law. The new law bans abortion once a heartbeat is detected after around six weeks […]
- Top executives of a New York hedge fund have agreed to settle a tax probe against them by paying around USD 7 billion in back taxes. Executives of Renaissance Technologies will have to pay back taxes as part of the settlement. Moreover, their spouses too have agreed to penalties. The taxes related to trades made […]
- In a major development, Ford Motor has hired former Apple executive Doug Field, who was rumored to lead tech giant’s Titan car project. The carmaker said that Field, who has extensively worked with Tesla and led the development of Model 3, will work as the company’s chief advanced technology and embedded systems officer. The field […]