Theranos founder Elizabeth Holmes and former COO Ramesh Balwani were charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud. Office of the US Attorney for the Northern District of California Allegations has accused Holmes of defrauding investors,doctors and patients. Conviction could result in 20 years in prison and […]
Category: News
The Silicon Valley startup SpinLaunch has proposed to launch rockets using ground-based electricity instead of traditional fossil fuel which costs hundreds of thousands of dollars for a single launch. Details about the technology and electricity consumption hasn’t been released. CEO Jonathan Yaney anticipates higher levels of cost reduction and multiple rocket launches per day. The […]
The 2018 FIFA World Cup hosted by Russia started with a win for the Russian national team by a 5-0 victory over Saudi Arabia. Russian player Alan Dzagoev was injured on the hamstring before the victory streak and then made a 2-0 before halftime. Russia is three points away from entering into the next round […]
US President Donald Trump and North Korean leader Kim Jong Un committed to “complete denuclearization” of the Korean Peninsula during the first ever meeting between a sitting U.S. president and a North Korean leader. Both leaders expressed optimism throughout the talks, with Trump thanking Kim for taking the first bold step toward a bright new […]
Tesla CEO Elon Musk said that beginning this week Tesla will lay off about 9% of its employees due to redundancies in some job functions. The layoffs would primarily affect salaried employees, sparing production-line workers as the company ramps up Model 3 production. Tesla would continue to hire for important roles, particularly those involved in […]
Rafael Nadal claimed his record-extending 11th French Open championship Sunday by a 6-4, 6-3, 6-2 victory over No. 7 seed Dominic Thiem. The victory allowed Nadal, 32, to hold onto the No. 1 ranking, ahead of Federer. Nadal said “If you tell me seven, eight years ago that I will be here, having this trophy […]
Bitcoin tumbled more than 10 percent over the weekend to its lowest in two months, after Coinrail, a relatively small South Korean cryptocurrency exchange, tweeted over the weekend that it was hacked and noted that lesser-known cryptocurrencies such as Pundi X were among those affected. The decline followed a report on Friday from The Wall […]
HondaJet has unveiled HondaJet Elite, the upgraded version of its original jet. While the original HondaJet could fly about 1,407 miles without stopping, the Elite adds another 246 miles to its total range, an increase of about 17 percent. The company has improved upon the cabin comfort of the original design and reduction of high-frequency […]
Lorenzo Bertelli, the eldest son of Prada’s co-CEOs Miuccia Prada and Patrizio Bertelli, has joined the company in a key role, putting him into position as a possible successor to the husband and wife duo that turned the Italian luggage maker into a global fashion powerhouse. He joined the company as head of digital communications […]
Ralph Lauren’s Chief executive Patrice Louvet unveiled a five-point strategic plan to significantly boost revenue, operating income and payouts to shareholders. The company aims to increase sales by $1 billion by 2023. Louvet’s goal is to woo the next generation of consumers and increase gross margins by improving the core product, amplifying under-penetrated categories and […]