March 28, 2024

Web and Technology News

Apple issues friendly reminder that it’s employees’ right not to unionize

As a handful of Apple retail locations begin the process of unionizing, the trillion-dollar company’s vice president of people and retail Deirdre O’Brien delivered a warning to 58,000 retail staff in a video that was leaked to The Verge. “I want to start off by saying that it is your right to join a union, […]

Hyundai plans to spend $10B on EVs, AVs and robotics in the US by 2025

Hyundai said it plans to invest more than $10 billion toward accelerating electrification and autonomous vehicle technology in the U.S. by 2025. Part of that pot includes the $5.5 billion it has earmarked for a new EV plant and battery manufacturing facility in Georgia that Hyundai announced Friday. Non-affiliated suppliers are contributing another $1 billion […]

PSA: Apple’s new rules let apps raise subscription prices automatically

Surely, this won’t be abused? Alongside the launch of the iOS 15.5 update, Apple introduced a new set of rules to govern auto-renewing subscriptions on the App Store. Now, instead of asking users to agree to any subscription price increases, developers will be able to roll out a price increase with the user’s explicit consent. […]

Greenlight, a $2.3B fintech focused on kids, launches credit card for parents

Greenlight, the Atlanta, GA-based fintech company that pitches parents on kid-friendly bank accounts, is launching a credit card. The Greenlight-branded card, offered through Mastercard, offers up to 3% unlimited cash back on all purchases and gives parents the option to automatically invest those cash rewards in mutual funds and ETFs to spend on family-related expenses, […]

Greenlight, a $2.3B fintech focused on kids, launches credit card for parents

Greenlight, the Atlanta, GA-based fintech company that pitches parents on kid-friendly bank accounts, is launching a credit card. The Greenlight-branded card, offered through Mastercard, offers up to 3% unlimited cash back on all purchases and gives parents the option to automatically invest those cash rewards in mutual funds and ETFs to spend on family-related expenses, […]

Rivian shares pop even as Q1 losses widen amid EV production ramp up

Rivian saw its first-quarter losses widen nearly fourfold as the EV maker burned through cash battling supply chain constraints and production bottlenecks to bring its electric vehicles to market. Rivian, which is now delivering its R1T pickup and R1S SUV to consumers and EDV commercial electric van to Amazon, reported net losses of $1.59 billion […]

3 predictions for Rivian’s Q1 earnings

Rivian, the Irvine, Calif.-based electric vehicle startup, has faced mounting production pressures since launching late last year in one of the largest IPOs in U.S. history. In March, the company adjusted its full-year forecast to 25,000 vehicles, down from an initial projection of 40,000 due to supply chain constraints. On Monday, Rivian’s stock plummeted more […]

Rivian lands $1.5B incentives package to build massive EV factory in Georgia

Rivian will receive a $1.5 billion incentives package to build its massive factory in Georgia, according to documents posted Monday by the state’s Department of Economic Development. That sizable carrot — the biggest in the state’s history — comes with several commitments from Rivian, including that it will hire 7,500 people who will earn an […]

An Apple Store in Atlanta is the first to file for a union election

Apple retail workers at the Cumberland Mall store in Atlanta, Georgia became the first group of U.S. Apple store workers to reach a crucial step in the formal unionization process: filing for a union election. Over 70% of the store’s 100 employees signed union authorization cards, demonstrating their interest in moving forward with formal recognition. […]

Nue Life Health raises $23M Series A Led by Obvious Ventures for psychedelics platform

Last year we covered the $3.3 million seed round for NUE Life Health, a US-based telemedicine startup in the US, which was building out a mental wellness platform that combined psychedelic-assisted therapies and a graph database-driven app. This at-home ketamine therapy – considered a radically new way to treat depression – also combines music therapies […]

Tech talent flees Russia as Western sanctions bite

Russia is seeing an exodus of entrepreneurs, computer programmers, as well as other educated middle-class citizens as Western sanctions and political instability make it impossible to run an international business in the country. Russia’s invasion of Ukraine has forced millions to flee their homes fearing for their lives. But the war is also leading to […]