Investors asking tech firms for a path to profitability are “not going to love what they see,” said Orlando Bravo, founder of buyout firm Thoma Bravo. Eva Marie Uzcategui | Bloomberg via Getty Images Private equity boss Orlando Bravo has a somber warning for the technology industry. “I think there’s more pain to come,” Bravo,
The wife of a British journalist killed in the Amazon has said his family can “say goodbye with love” after his body was found. The remains of Dom Phillips and his companion, indigenous expert Bruno Pereira, were found near where the pair disappeared on 5 June, the Brazilian justice minister Anderson Torres said. A suspect
This month’s Platinum Jubilee was a celebration of permanence. Seventy years on the throne by the same Queen of the United Kingdom of Great Britain and Northern Ireland. The Union Jack decked the streets as an emblem of that union, combining the crosses of the patron saints of England, Scotland and Ireland. There is no
Boris Johnson’s ethics adviser told the prime minister he was quitting after being placed in an “impossible and odious position”. Downing Street published Lord Geidt’s resignation letter a day after he unexpectedly decided to step down, becoming the second in the role to do so under Mr Johnson. Lord Geidt admitted this week that he
The Bank of England has raised interest rates for the fifth time in a row to 1.25% and set the scene to act more “forcefully” ahead because of a mounting inflation threat. There had been speculation of a more aggressive tightening after the sharpest rate hike since 1994 of 0.75% was imposed by counterparts at
Kevin Spacey has arrived at a court in London charged with sexually assaulting three men. The actor, 62, arrived at Westminster Magistrates’ Court on Thursday morning to face four counts of sexual assault and one count of causing a person to engage in penetrative sexual activity without consent. He was accompanied by members of his
Tesla (TSLA) has significantly increased the prices of its electric cars across its entire lineup with some models going up by as much as $6,000. After a year of increasing prices almost every month in 2021, Tesla slowed down the rapid rise in prices across its electric vehicles in early 2022. The last major price
Nuclear reactors have a well-earned reputation for being massive construction projects that frequently run into cost overruns. Plus, once they are eventually constructed, monitoring and maintaining them takes a staff of dozens of trained experts. But Yasir Arafat believes nuclear power doesn’t have to be this way. Arafat is the technical lead of the microreactor
CNN’s Jeffrey Toobin reacts after Steve Bannon, who once served as former President Donald Trump’s chief strategist, threatened Attorney General Merrick Garland in response to the January 6 committee hearings. #CNN #News
The main suspect in the killings of a British journalist and indigenous expert has confessed to fatally shooting them in a remote part of the Amazon, police have said. Police told reporters that the suspect confessed on Tuesday night and also took officers to the spot where the bodies of Dom Phillips and Bruno Pereira
In this article WWE Vince McMahon attends a press conference at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey. Michael N. Todaro | Getty Images World Wrestling Entertainment‘s board is investigating a $3 million hush-money settlement that CEO Vince McMahon paid a woman over an alleged affair, The Wall Street Journal reported
A dozen children were served floor sealant instead of milk at a day care summer programme at a school in Alaska. Several students complained that their mouths and throats were burning shortly after being served breakfast on Tuesday, and at least one child was taken to hospital for treatment. Police in the Alaskan state capital
A Republican state representative who describes himself as a death penalty supporter has said he believes that death row inmate Richard Glossip is innocent. Kevin McDugle, from Oklahoma, was responding to a report by a Houston law firm into Glossip’s case. He said: “We’ve got an individual sitting on death row that has been there
Tesla has topped the list of most crashes on advanced driver-assist (ADAS) features – Autopilot in Tesla’s case – in NHTSA’s first report on “Safety Performance of Advanced Vehicle Technologies.” Dr. Steven Cliff, NHTSA’s Administrator, commented on the report: The data released today are part of our commitment to transparency, accountability and public safety. New
A giant digital sign is seen at Facebook’s corporate headquarters campus in Menlo Park, California, on October 23, 2019. Josh Edelson | AFP | Getty Images Technology hub Menlo Park, California, home to Meta, is teaming up with Brooklyn, New York-based BlocPower in a new form of public-private partnership to electrify thousands of buildings to
Lil Wayne will no longer appear at a music festival this weekend after he was banned from entering the UK. The American rapper’s visa was denied by the Home Office in a “last-minute decision”, according to the Strawberries and Creem Festival, where he had been due to headline on Saturday. The A Milli singer was
Lord Geidt has resigned as the prime minister’s adviser on ministerial interests. He tendered his resignation to Boris Johnson, according to a brief statement on the government’s website on Wednesday evening. “With regret, I feel that it is right that I am resigning from my post as Independent Adviser on Ministers’ Interests,” the statement reads.
The US central bank has increased interest rates by 0.75% to combat inflation – the sharpest hike in 28 years. The Federal Reserve signalled more rate rises to come and projected a slowing economy in the months ahead, along with rising unemployment. The bank raised its benchmark rate to a range of 1.5% to 1.75%,
7:43 AM ET BROOKLINE, Mass. — We interrupt the ongoing drama of who has left the PGA Tour — and who might still be going to the LIV Golf Invitational Series — for the 122nd U.S. Open, the third major championship of the season. With two golf worlds colliding at The Country Club this week,
Bill Gates Gerard Miller | CNBC Bill Gates is not a fan of cryptocurrencies or non-fungible tokens. Speaking at a TechCrunch talk on climate change Tuesday, the billionaire Microsoft co-founder described the phenomenon as something that’s “100% based on greater fool theory,” referring to the idea that overvalued assets will go up in price when