Charlie Pellett
👤 SpeakerAppearances Over Time
Podcast Appearances
The decision effectively grounds the company's reusable New Shepard rocket, which has launched 38 times and sent more than 90 people to the edge of space and back to experience brief periods of weightlessness.
Charlie Pellett, Bloomberg Radio.
Staff are heading to employers such as MetaPlatforms and Google DeepMind.
The departures underscore the continued turbulence within Apple's AI division.
The company has struggled to keep up with peers in the AI race, and a decision to outsource some technology to Alphabet's Google has rankled staff.
In recent months, the company has suffered an exodus of talent, especially from its artificial intelligence ranks.
Charlie Pellett, Bloomberg Radio.
In a statement, Blue Origin said the decision reflects its commitment to the nation's goal of returning to the moon.
and establishing a permanent, sustained lunar presence.
The decision effectively grounds the company's reusable New Shepard rocket, which has launched 38 times and sent more than 90 people to the edge of space and back to experience brief periods of weightlessness.
Charlie Pellett, Bloomberg Radio.
The dollar rose against all major currencies as President Trump announced his pick for the Fed's top job, Kevin Warsh, who is seen as less supportive of deep rate cuts and more worried about inflation.
A drop in commodity and tech shares dragged down the S&P 500, which still notched its best month since October, up 1.4%.
For the week, the S&P 500 index gained 3 tenths of 1%.
The Dow fell for a third week down 4 tenths of 1%.
NASDAQ on the week down 2 tenths of 1%.
In New York, Charlie Pellett, Bloomberg Radio.
Sources tell Bloomberg Peloton Interactive has cut 11% of its employees, a cutback aimed at slashing costs.
The source says Peter Stern, the company's CEO who took over last year, informed staffers of the move, which mostly affects engineers working on technology and enterprise-related efforts.
The cuts come ahead of the company's quarterly earnings report next week and follow the launch of new AI-powered bikes and treadmills.