Tech giants including Alphabet and IBM are racing toward building a quantum computer, and financial firms including JPMorgan are exploring possible uses. Story Published at: July 30, 2022 at 03:16AM
JPMorgan hires scientist Charles Lim to help protect financial system from quantum-supremacy threat
Elon Musk countersues Twitter over merger, but details aren’t yet public
It wasn’t clear why Musk wanted to carry out a countersuit in private when the billionaire had been vocally critical of Twitter in recent months.Story Published at: July 29, 2022 at 11:28PM
AMD passes Intel in market cap for the first time
The milestone also suggests that investors may value an asset-light chipmaker over one that’s investing heavily in manufacturing. Story Published at: July 29, 2022 at 09:38PM
How US-made mobile-rocket artillery could change the battlefield in Ukraine
The effectiveness of HIMARS, a U.S.-made rocket-artillery system, has been a boon to Ukrainian efforts to fend off Russia. But could it lead to more escalation?Story Published at: July 29, 2022 at 05:50PM
Don’t expect a sudden turnaround on supply chain problems, top autos CEO says
Luca de Meo told CNBC that the sourcing of raw materials would continue to be an issue for automakers, but added that the company had grown more resilient.Story Published at: July 29, 2022 at 12:00PM
Bitcoin hits 6-week high topping $24,000 in a post-Fed rally
Bitcoin’s rally began after the Federal Reserve hiked interest rates on Wednesday, but signaled that the pace of such rises could slow. Story Published at: July 29, 2022 at 11:39AM
German city Hanover bans hot showers as Russian gas crisis begins to bite
The city will also switch off public fountains and stop lighting up large buildings at night, as the city aims to reduce its energy consumption by 15%.Story Published at: July 29, 2022 at 10:24AM
China is one small step closer to getting alternative iron ore supply from Simandou
The development of one of the world’s largest untapped high-grade iron ore deposits in Guinea has edged one step forward after miners struck a deal.Story Published at: July 29, 2022 at 10:06AM
Apple’s iPhones held up surprisingly well in China even as the country faced Covid lockdowns
Apple held up relatively well in the June quarter in China despite a 10% slump in the smartphone market as the iPhone 13 continued to attract users. Story Published at: July 29, 2022 at 08:53AM
A toxic culture and ‘race to the bottom’: Pilots open up on why air travel is in chaos
Airlines are vocally laying the blame on airports and governments, but some working within the industry say airlines, too, failed to prepare.Story Published at: July 29, 2022 at 08:02AM