Gizmodo reports that FedEx is partnering with Reliable Robotics to incorporate the firm’s unmanned aircraft into its delivery fleet. Reliable Robotics is an aviation startup run by former Tesla and SpaceX engineers. FedEx isn’t phasing out its existing delivery aircraft fleet just yet, however. FedEx CEO Fred Smith told stockholders that the company’s aircraft crews don’t need to worry about their jobs becoming automated “for the foreseeable future—decades, I would say.
Investors slashed $50 billion from Tesla's market value on Tuesday after CEO Elon Musk promised to cut electric vehicle costs so radically that a $25,000 car that drives itself will be possible -- but not for at least another three years. Gloria Tso reports.
CEO Elon Musk on Tuesday outlined Tesla's plans to cut electric vehicle battery design and manufacturing costs at an outdoor version of its shareholders meeting as about 240 shareholders watched, sitting in a Tesla Model 3 in the company parking lot.
The wealth of 643 of US' richest billionaires rose from $2.95 trillion to $3.8 trillion between March 18 and September 15. This marks a 29% increase over those six months. That's according to a report by the Institute for Policy Studies and Americans for Tax Fairness said. Tesla founder Elon Musk's wealth increased by 273% in the period to $92 billion. Jeff Bezos wealth increased 64.8%, from $113 billion to $182. Mark Zuckerberg's wealth increased from $54 billion to $100.
Just like in the workplace, domestic partnerships feature gendered division of labor. But according to Business Insider contributor Melissa Petro, divvying up chores into 'his' work and 'her' work is counter-productive. Whereas men do more work that is outdoors and considered recreational, like yard work, women tend to do indoor work like cooking, cleaning, and laundry. But because men's chores happen weekly or less often, the ones women do happen daily, or several times a day.
Last week, a federal judge issued an injunction requiring the US Postal Service to reverse changes made by Postmaster General Louis DeJoy. The judge called the changes an 'an intentional effort' by President Donald Trump and DeJoy to disrupt and challenge the legitimacy of upcoming elections. But according to Business Insider, the USPS claimed in a court filing Wednesday, 'no can do.
A new report reveals two-thirds of imported respirator masks from China into the US failed to meet safety standards. According to Business Insider, the report was produced by ECRI, an independent nonprofit organization that monitors the safety and quality of healthcare equipment. After testing nearly 200 KN95 masks from 15 different manufacturers, ECRI found a significant majority filtered out fewer than 95 percent of particles.
Sen. Rand Paul, R-Ky. and Dr. Anthony Fauci went head to head on Capitol Hill on Wednesday about the issue of 'herd immunity' and the COVID-19 pandemic. Business Insider reports that Paul argued that the 210,000 Americans who have died from the novel coronavirus had nothing to do with public health. Instead, Business Insider reports he argued that the same number of Americans would've died of COVID-19 even if states hadn't enforced any shutdown measures.
Hi! Welcome to the Insider Advertising daily for September 22. I'm Lauren Johnson, a senior advertising reporter at Business Insider. Subscribe here to get this newsletter in your inbox every weekday. Send me feedback or tips at [email protected] Today's news: Walmart and Instacart chip away at Amazon's ad dominance, Quibi mulls a sale, and Suzy raises $34 million.