cnbc.com

Robinhood CEO defends payment for order flow, says practice is ‘here to stay’::That’s despite calls from notable consumer trading advocates and regulators for a ban on the practice.

Amazon will allow auto dealers to sell cars on its site, starting with Hyundai::The company has slowly entered the car buying business over the years by launching a digital showroom for shoppers to research and compare vehicles.

Samsung expected to report 80% profit plunge as losses mount at chip business::The semiconductor business — typically Samsung’s cash cow — is likely to see continued pressure as memory prices and demand for end products remain low.

The Pentagon has awarded Elon Musk’s SpaceX its first confirmed contract for the Starshield network it’s developing, a military-specific version of the company’s Starlink satellite internet system, the defense agency said Wednesday....

cross-posted from: lemmy.world/post/13724318...

SpaceX sets new rocket record with 96 successful launches in 2023::SpaceX this year launched 96 successful missions with its Falcon series of rockets, topping its previous annual record of 61 orbital launches in 2022.

Jeff Bezos urged Amazon to flood search results with junk ads, FTC alleges::Amazon’s ads strategy helped pump its profits while steering shoppers to higher-priced goods, the agency alleges.

There may be another factor creating so much wealth among millennials: inheritances. In what’s known as “the great wealth transfer,” baby boomers are expected to pass down between $70 trillion and $90 trillion in wealth over the next 20 years. Much of that is expected to go to their millennial children. High-net-worth...

An oil tanker was boarded by armed individuals near the Gulf of Oman on Thursday and appeared to change course toward Iranian waters, according to the U.K. Marine Trade Operations....

Okta hackers stole data on all customer support users, company says::The hack was worse than initially believed, with every client having some data stolen in the breach, the cybersecurity company warned.

Ford Motor is scaling back plans for a $3.5 billion battery plant in Michigan as consumers move to electric vehicles more slowly than expected, labor costs rise and the company moves to cut costs....

Dropbox handing over 25% of San Francisco HQ back to landlord as commercial real estate softens::San Francisco is seeing its highest office vacancy rate since at least 2007 as Dropbox and other companies allow employees to work from home