Uber and Lyft rides are more expensive than ever because of a driver shortage
The cost of a ride from a ride-sharing app like Uber or Lyft increased 92% between January 2018 and July 2021, and the recent driver shortage is to blame.
CNBC Technology
A fake Banksy NFT sold for more than $300,000. Then the buyer got his money back
A web page added to Banksy's website Tuesday linked to an NFT called “Great Redistribution of the Climate Change Disaster.”
Elizabeth Holmes trial starts as both sides grill potential jurors
Prosecutors and defense attorneys dismissed 14 jurors in the first day of jury selection for embattled CEO Elizabeth Holmes.
Google reportedly plans to put its own chips in Chromebook laptops from 2023
Google is edging closer to rolling out its own central processing units for its Chromebook laptops, according to a report from Nikkei Asia.
South Korea passes bill limiting Apple and Google control over app store payments
Google and Apple's policies usually require developers to pay them a commission as high as 30% in every transaction.
Xiaomi officially registers its electric vehicle business and says it has 300 staff
The name of the subsidiary is Xiaomi EV, Inc. and it has been set up with previously announced registered capital of 10 billion yuan ($1.55 billion).
Amazon pushes deworming drug falsely touted as Covid treatment
Amazon is directing users to a deworming drug falsely touted as a cure for Covid-19. The CDC and FDA have warned against using ivermectin as a Covid treatment.
The U.S. added more new energy capacity from wind than any other source last year
A record 16,836 megawatts of new land-based wind capacity was added last year, representing about $24.6 billion in new investment.
Google delays return to office to January
Google has postponed to Jan. 10 its workers' return to the office, CEO Sundar Pichai said Tuesday. This is its third delay, as the Covid delta variant spreads.
Enterprise software company Databricks now worth $38 billion, up $10 billion since February
Databricks has raised $1.6 billion in a Series H funding round that values the enterprise software company at $38 billion — a $10 billion gain since February.
Zoom faces headwinds as businesses reopen, CFO says as stock dips nearly 17%
Investors got a peek into post-pandemic Zoom after it reported better-than-expected earnings, but it struggled with tough year-over-year comparisons.
New Apple Watch production reportedly facing delays because of complicated design
Apple reportedly has delayed production of new Apple Watch models because it is encountering challenges manufacturing them.
Elizabeth Holmes, one-time billionaire and media darling, goes on trial
Former Theranos CEO Elizabeth Holmes, once the youngest female self-made billionaire, is facing fraud charges and 20 years in prison if convicted.
SoftBank-backed ride-hailing firm Ola plans to raise $1 billion in India IPO
Indian ride-sharing firm Ola is planning to raise up to $1 billion through an initial public offering, a source familiar with the situation told CNBC.
Microsoft's first major operating system in 6 years, Windows 11, launches Oct. 5
Microsoft will bring out Windows 11 six years after Windows 10, the longest stretch between operating system releases in the software company's history.
Uber is selling stakes in several Russian businesses for $1 billion
Uber is selling shares in several joint ventures that it has with Russia's Yandex for $1 billion in cash.
House panel investigating Capitol riot tells telecom firms to preserve Trump allies' phone records
The Jan. 6 committee's list of names — including Trump loyalists Marjorie Taylor Greene, Matt Gaetz and Mo Brooks — is still evolving.
Apple pledges another $30 million to racial equity initiatives
The latest announcement builds on its initial commitment of $100 million toward its Racial Equity and Justice Initiative.
Tencent and NetEase shares pare losses after China tightens gaming rules for kids
China's latest rules will allow kids under 18 years old to play online games for only three hours a week and only during specific times.
China to ban kids from playing online games for more than three hours per week
Under 2019 rules, people under 18 were allowed to play games for 1½ hours a day on most days.
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