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☆ The IPO reopening is real. Just look at Rubrik, the first unicorn to go public in months
▼ + stars: | 2024-04-25 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Last night data security firm Rubrik priced 23.5 million shares at $32, above the price talk of 23 million shares at $28-$31, raising $752 million. Rubrik is the first tech unicorn IPO since last fall. Marex Group, a UK-based financial services company known for its global clearing business, priced 15.4 million shares at $19, the midpoint of the price talk of $18-$21, raising $292 million. Loar Holdings, which makes aerospace and defense components, priced 11 million shares at $28, above the range of $24-$26, raising $308 million. All eyes on Rubrik Rubrik is an important test of the tech IPO market.

Persons: Matt Kennedy, Rubrik, Kennedy, Ingram, Del Organizations: Marex, Nasdaq, Loar Holdings, New York Stock Exchange, Viking Holdings, Arm Holdings, Renaissance Capital, UL, Astera Labs, Forge, Companies, Ingram Micro, Epic Locations: Del Monte

☆ Drone startup Zipline hits 1 million deliveries, looks to restaurants as it continues to grow
▼ + stars: | 2024-04-19 | by ( Kate Rogers | ) www.cnbc.com time to read: +3 min

Autonomous delivery drone startup Zipline said Friday that it hit its 1 millionth delivery to customers and that it's eyeing restaurant partnerships in its next phase of growth. The San Francisco-based startup designs, builds and operates autonomous delivery drones, working with clients that range from more than 4,700 hospitals including the Cleveland Clinic to major brands such as Walmart and GNC. The company said its zero-emission drones have now flown more than 70 million autonomous commercial miles across four continents and delivered more than 10 million products. The push into restaurant partnerships marks an "obvious transition" he said, due to the continuing growth in interest in instant food delivery. Zipline deliveries for some Panera locations in Seattle are expected to begin next year, the Panera franchisee's chief operating officer Ron Bellamy told CNBC.

Persons: It's, Keller Rinaudo Cliffton, Rinaudo Cliffton, Ron Bellamy, I'm, Bellamy Organizations: Cleveland Clinic, Walmart, Sequoia Capital, a16z, Google Ventures, CNBC, Memorial Hermann Health Locations: San Francisco, Ghana, Seattle, Houston, Detroit

☆ Royal Caribbean's family-friendly private island is about to get more crowded with Gen Xers
▼ + stars: | 2024-04-11 | by ( Brittany Chang | ) www.businessinsider.com time to read: +5 min

Read previewRoyal Caribbean's family-friendly private island is about to get a bit more crowded — with Gen Xers. Royal Caribbean's private island is a tropical dream for cruising families dotted with sprawling beaches, clubs, a zipline, and a waterpark. Royal Caribbean goes after multi-generational families, while Celebrity's target demographic is Gen Xers, Lisa Lutoff-Perlo, the then-CEO of Celebrity Cruises, told Business Insider in 2021. Celebrity sails to 300 ports on all seven continents — why this sudden push for the private Caribbean island? Brittany Chang/Business InsiderBut for the two brands' parent company, there are more benefits to private island cruising besides guest satisfaction.

Persons: —, Gen Xers, Gen X, Brittany Chang, Xers, Lisa Lutoff, Michael Bayley, CocoCay, Patrick Scholes, Bayley Organizations: Service, Cruises, Royal, Business, Royal Caribbean Group, Apex, Celebrity Cruises, Royal Caribbean International, Truist Securities, Coco Locations: CocoCay, Fort Lauderdale , Florida, Royal Caribbean, that's, Royal, Caribbean, Brittany, cabanas

☆ There are green shoots appearing in the IPO market. Here are the stocks to watch going public soon
▼ + stars: | 2024-04-10 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Two months ago, I wrote a story entitled, "The IPO market is looking very shaky and facing challenges galore." Two months later, the IPO market is still shaky, but there are definite signs of improvement. Second, three $100 million IPOs have filed to go public in the past week, including Viking (the cruise line operator) and Rubrik, a data management platform. Greg Martin at Rainmaker Securities told me that the recent performance of Reddit and Astera Labs, "Were nice shots in the arm for the IPO market. Even with markets at new highs, the specter of interest rates creeping up is still hanging over the IPO market.

Persons: Matt Kennedy, Reddit, Greg Martin, Ibotta, Ingram, Del, Viking, Howe Ng, I'm, Martin, Rainmaker, Santosh Rao Organizations: IPOs, Viking, Renaissance Capital, Astera Labs, Rainmaker Securities, NYSE, UL Solutions, Underwriters Laboratories, Nursing, Centuri Holdings, Labs, Companies, Ingram Micro, Epic, Manhattan Venture Partners Locations: IPOs, Del Monte

☆ A '$28 trillion opportunity': Ark Invest reveals its top AI plays right now
▼ + stars: | 2024-03-11 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Ark Invest — which has a particular focus on innovation — is invested in segments including autonomous vehicles, drones and robotics, energy storage, 3D printing, and space exploration through its Ark Autonomous Tech & Robotics ETF (ticker ARKQ). Autonomous cars: A $28 trillion opportunity Autonomous cars is one area related to AI that Keeney is "particularly excited about." "Autonomous cars are already driving in major cities today across the globe. Autonomous drones: A 'very hot topic' Beyond automakers, Keeney is looking to ride the autonomy wave through opportunities in drones. Keeney emphasized that drone technology can transcend military use cases and be applied across industries.

Persons: Tasha Keeney, CNBC's, Tesla, Keeney, — Organizations: Ark Autonomous Tech, Robotics ETF, Invest, Defense, Security Solutions, Walmart, Google Locations: Mar

☆ I spent Valentine's Day at the bottom of a coal mine. It was the highlight of that relationship.
▼ + stars: | 2024-02-14 | by ( Charlotte Ahlin | ) www.businessinsider.com time to read: +5 min

I spent a Valentine's Day in an active coal mine. The relationship only lasted months, but that is still one of my most memorable Valentine's Day. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt was Valentine's Day, and I was taking a zipline into hell. Or rather, I was suspended from a swinging bicycle seat, descending into an active coal mine.

Persons: —, We'd, I'd, Jay, stupidly Organizations: Service Locations: India, parasailing, —

☆ Battle-tested bull: S&P 500 plows through obstacle course of worries to new high
▼ + stars: | 2024-02-03 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The S & P 500' s latest run to a record high last week took it through an obstacle course of macroeconomic and company-specific hazards. Stocks are not at all cheap, with the S & P 500 at 20-times year-ahead earnings, which probably will mute multi-year returns. The median S & P 500 stock is flat year to date, is up 13% over the past three months, has gained 30% off its 52-week low and is within 8% of its 52-week high. On Friday, even as a majority of stocks fell with the S & P 500 gaining 1%, there were 175 NYSE new 52-week highs compared to 54 new lows. Here are the equal-weighted industrial and consumer-discretionary sectors compared to the equal-weight S & P 5600 since just after the bear-market low in October 2022.

Persons: Stocks, Craig Johnson, Piper Sandler, it's, Steve Deppe, Jobs, Jerome Powell, Friday's, Henry McVey, KKR's, Keith Lerner Organizations: Treasury, Wealth Management, Meta, Microsoft, Truist, Equity Locations: Meta, handicapping

☆ Walmart is betting big on new technology. But can it deliver where others haven’t?
▼ + stars: | 2024-01-10 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +7 min

New York CNN —Walmart is joining the AI, drone and tech race. The superstore announced that it is offering drone delivery for up to 75% of the Dallas area’s population, or about 1.8 million homes. But drone delivery as a concept isn’t new, and Walmart’s timeline to take off in Dallas is remarkably short. Normally, customers who need to shop for a Super Bowl party search for items on the Walmart app individually, the company said. Walmart also announced advancements in its InHome service, which it debuted in 2019 to deliver groceries straight into customer’s refrigerators.

Persons: Doug McMillon, Satya Nadella, it’s, ” McMillon, John Locher, Jeff Bezos, Prathibha Rajashekhar, It’s, Walmart’s InHome Organizations: New, New York CNN, Walmart, Consumer, Sam’s Club, CES, Sam’s, Fort, Dallas, Amazon, UPS, Volkswagen, Federal Aviation Administration, CNBC, FAA, Amazon’s, Air, Technology, Microsoft, Apple, Super, Business Locations: New York, Las Vegas, Dallas, Fort Worth Area, Italy

Amazon will soon make prescription drugs fall from the sky when the e-commerce giant becomes the latest company to test drone deliveries for medications. The company's Prime Air division began testing drone deliveries of common household items last December in College Station and Lockeford, California. Amazon founder Jeff Bezos had predicted a decade ago that drones would be making deliveries by 2018. Walmart has also been working to expand its own drone deliveries. Amazon has been growing its presence in health care for a few years now.

Persons: Jessica Bardoulas, John Love, Vin Gupta, Daniel Duersch, Jeff Bezos, Lisa Ellman Organizations: College Station ,, Prime Air, Amazon, Amazon Pharmacy, CVS, UPS, Intermountain Health, Alliance, FAA, Walmart Locations: College Station, College Station , Texas, College, Lockeford , California, North Carolina, Salt Lake City

☆ Take a look at the world's first truly wireless TV
▼ + stars: | 2023-10-06 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

The wireless Displace TV is a new take on flatscreens. It sticks to surfaces using a vacuum system instead of traditional TV mounting. AdvertisementAdvertisementThe convenience of a wireless TV — no ugly wires, no hiring a handyman — is here, but it will cost you. The Displace TV is a battery-powered, 55-inch flatscreen TV. Recently, frame TVs, or mounted TV displays that mimicking framed artwork, have taken over social media as one way to disguise TV hardware.

Persons: —, We've, Balaji Krishnan Organizations: Service, CES

☆ Secret spots on Croatia’s famous Dalmatian coast
▼ + stars: | 2023-10-03 | by ( Mary Novakovich | ) edition.cnn.com time to read: +11 min

CNN —To many, the southern Dalmatian coast is Croatia. The Adriatic coast is undeniably beautiful, with the forbidding Dinaric Alps as a dramatic backdrop to the heavily indented coastline and dozens of islands scattered about. Until 2022, reaching it from the north meant crossing into Bosnia, whose 12.4 miles of coastline sits below the Neretva delta, before giving way once more to Croatia’s southern Dalmatian coast. Elaphiti islandsWander along Dubrovnik’s old port and in seconds you’ll be offered a day trip to the Elaphiti islands, north of the city. Cavtat, about 15 miles south of Dubrovnik, has been steadily growing in popularity as an alternative to the city.

Persons: you’ve, Ivan Meštrović, Poelzer Wolfgang, Alamy, it’s, Pušćica, Klesarska, Goran Bogicevic, It’s, Mamma Mia, ”, laze, Baška Voda, Croatia’s, Korčula, Mali Ston Organizations: CNN, UNESCO, Stari Grad, Hvar Town, Zipline Locations: Croatia, Split, Dubrovnik, Hvar, Poelzer, Split’s, Brač, Senjska, Maslinica, Bol, Dalmatia, Washington ,, Stari Grad, Vrboska, Zaklopatica, Vis, Komiža, Tučepi, Biokovo, Hardy, Sveti Jure, Zipline Croatia, Bosnia, Rogotin, Croatian, mali, Dalmatian, Orebić, Mljet, Prapratno, Mali, Ston, Cavtat, robertharding, Slano

☆ With flurry of FAA approvals, many more drones are about to fly over U.S. skies
▼ + stars: | 2023-09-20 | by ( Natalie Rose Goldberg | ) www.cnbc.com time to read: +3 min

This week, drone delivery company Zipline was granted Federal Aviation Administration approval to fly drones beyond the visual line of sight. That's a major milestone in efforts to extend the range of the domestic drone industry over U.S. airspace, and Zipline isn't the only drone operator to recently receive FAA approval. It's a regulatory aim that the drone companies have been working towards for a decade and will pave the way for other companies to receive streamlined approval for their own drone flights beyond the visual line of sight. Prior to "beyond the visual line of sight" approval, human observers were required to be stationed along the entire route a drone was flying to ensure that there was no interference with air traffic. Now he says Zipline will be able to serve "hundreds of millions of people" in the U.S."It unlocks the scale of the technology so that everybody can benefit.

Persons: Zipline, we've, Keller Cliffton Organizations: U.S, Federal Aviation Administration, FAA, Phoenix Air Unmanned, Walmart, Amazon Locations: U.S

Islamabad, Pakistan CNN —Battling anxiety and nausea, they huddled together in the ruptured cable car, gripped by fear as they dangled precariously hundreds of feet in the air. A soldier slings down from a helicopter during a rescue mission to recover students stuck in a cable car in Khyber Pakhtunkhwa province, Pakistan on August 22. As they waited to be rescued, two of the students in the cable car were slipping in and out of consciousness, one of the passengers told Pakistani outlet Geo News. Battagram district, where the cable car is located, is deeply impoverished and lacks infrastructure and development. Last December, 12 children were rescued from another cable car in eastern Khyber Pakhtunkhwa.

Persons: Tanveer Ur Rehman, “, Anwaar ul Haq Kakar Organizations: Pakistan CNN, AFP, Geo, Battagram, Twitter, Cable Locations: Islamabad, Pakistan, Khyber Pakhtunkhwa, Batangi, Battagram, Battagram district

☆ Amazon Prime Air loses two key operations leaders, as drone delivery struggles continue
▼ + stars: | 2023-08-09 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

An Amazon delivery drone is on display at Amazon's BOS27 Robotics Innovation Hub in Westborough, Massachusetts on November 10, 2022. Jim Mullin, Prime Air's chief pilot, left Amazon last month, according to his LinkedIn profile. Just as Prime Air was set to launch early this year and start delivering packages sent to consumers, CEO Andy Jassy, who succeeded Bezos in 2021, embarked on the largest round of layoffs in company history, which included significant job cuts at Prime Air. But problems for Prime Air predated the economic downturn. At the beginning of the year, the company began durability and reliability (D&R) testing, which requires that Prime Air complete several hundred hours of flying without any incidents.

Persons: Jim Mullin, Robert Dreer, Mullin, Jeff Bezos, Obama, Andy Jassy, Bezos, David Carbon's, There's, Nobody, Simone Griffin, Griffin, Zipline Organizations: Amazon, Prime Air, Marine, College Station, CNBC, Federal Aviation Administration, Air, Walmart Locations: Westborough , Massachusetts, Pendleton , Oregon, Oregon , California, Texas, , California, Pendleton

☆ The robots are coming — and the companies building them are looking for workers
▼ + stars: | 2023-08-06 | by ( Kate Rogers | ) www.cnbc.com time to read: +4 min

But as companies adopt robots on manufacturing floors, in kitchens and on delivery routes, workers have a growing opportunity to join the ranks in helping to build and implement the technology. On the other hand, 60% of companies operating in information and technology services expect jobs to be created due to robots in the next five years. Jose A. Iglesias | Tribune News Service | Getty ImagesRobotics company Zipline is among the companies looking for employees, as it aims to add at least 100 workers. The use of automation at companies large and small has two advantages, the Association for Advancing Automation argues. It reduces challenges for workers in taking away monotonous or dangerous tasks in their day-to-day roles and it keeps companies competitive and speedy in the production process.

Persons: Jose A, Keller Rinaudo Cliffton, Rinaudo Cliffton, Jeff Burnstein, Avocados Organizations: Jobs, Iglesias, Tribune, Service, Getty, Robotics, Walmart, GNC, Toyota, Association for, Automation, Vebu Labs Locations: Miami, San Francisco , California, Rwanda, China

☆ Florists, caterers...Tiktokers? Content creators are bringing in up to $150/hour filming weddings for social media
▼ + stars: | 2023-05-28 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +7 min

Wilkins, 29, of Fayetteville, Ark., says social media plays a large role in her life as a small business owner. She thinks hiring wedding content creators makes sense in addition to hiring traditional wedding photographers and videographers. For one, she says, "No matter what media you use to take the pictures, they're going to end up on social media." Lanise Harris was always good at capturing social media content at weddings. Alejandra Hernandez wedding content creator, Always a Bride Events

☆ Amazon's 100 drone deliveries puts Prime Air far behind Alphabet's Wing and Walmart partner Zipline
▼ + stars: | 2023-05-18 | by ( Katie Tarasov | ) www.cnbc.com time to read: +14 min

Wing CEO Adam Woodworth shows the Alphabet company's delivery drone to CNBC's Katie Tarasov on April 25, 2023, in Hollister, California. Walmart said it made more than 6,000 drone deliveries across seven states in 2022 with DroneUp, Zipline and a third partner, Flytrex. Amazon's VP of Prime Air David Carbon showcased the current MK27-2 drone in Westborough, Massachusetts, on Nov. 10, 2022. Prime Air drones, along with most other delivery drones, operate with a number of federal exemptions that greatly restrict where and how they can fly. Prime Air drones are not expected to exceed 58 decibels, according to an FAA assessment, about the noise level of an outdoor air conditioning unit.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon drones make 100th delivery, lagging far behind Alphabet's Wing and Walmart partner ZiplineAmazon says its Prime Air drones recently completed 100 deliveries in two small U.S. markets. Meanwhile, competitors like Alphabet's Wing and Walmart partner Zipline have made hundreds of thousands of deliveries, although most of those have been overseas in Australia and Africa. The U.S. is a tough regulatory environment, with strict rules about flying over roads and people and beyond line of sight. Yet some companies have been granted broader certifications. Here's how Amazon fell behind.

☆ Walmart-backed DroneUp is cutting jobs as drone delivery market struggles
▼ + stars: | 2023-05-16 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

DroneUp, a Walmart -backed startup competing alongside Amazon and others in the nascent drone delivery market, is cutting jobs across the company, CNBC has learned. DroneUp is one of several startups racing to make drone delivery a reality. UPS , Amazon and Alphabet 's Wing unit are also in various stages of developing their own drone delivery services. Attempts at scaling commercial drone delivery in the U.S. have been slow moving, largely due to technical challenges and a lengthy regulatory approval process with the Federal Aviation Administration. The economic downturn has also proven a setback for some drone delivery operators.

☆ Drone maker Zipline, on track for 1 million deliveries, adds vitamins, pizzas and prescriptions to cargo
▼ + stars: | 2023-05-10 | by ( Carolyn Chun | ) www.cnbc.com time to read: +2 min

watch nowDrone technology company Zipline, which rose to prominence flying critical medical supplies like blood bags and vaccines over rugged terrain in Rwanda, has seen the commercial side of its business boom. Deals with Walmart, and a new drone design, are making Zipline a bigger player in the world of retail and home delivery, and not only in hard-to-reach places. On Wednesday, the company announced new delivery deals in the U.S., with nutritional supplement and wellness retail company GNC for Salt Lake City, and Seattle-area pizza chain Pagliacci Pizza for the greater Seattle metro area. Pagliacci and Zipline have created a new custom-designed pizza box to fit two 13" pizzas and side dishes in Zipline drones. Rinaudo Cliffton said that Zipline has already delivered in urban cities across the U.S. where people don't expect this technology to start.

☆ Zipline ranks at No. 25 in the eleventh annual Disruptor 50 list
▼ + stars: | 2023-05-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailZipline ranks at No. 25 in the eleventh annual Disruptor 50 listKeller Rinaudo Cliffton, Zipline CEO, one of the companies on this year's annual Disruptor 50 list, joins 'Power Lunch' to discuss drone delivery across the U.S.

☆ Zipline: 2023 CNBC Disruptor 50
▼ + stars: | 2023-05-09 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +3 min

But with the release of its latest drone, Zipline is spreading its unmanned wings far beyond medicine. Zipline also has relationships with medical providers in the country, and in recent years has conducted long-range medical drone flights in challenging geographies including the Appalachian regions of North Carolina. In 2022, Zipline became the first company to receive FAA Part 135 approval for long-range drone delivery in the U.S., a huge step towards greater domestic expansion. From lunch deliveries with Sweetgreen to health prescriptions from Walmart, Zipline can maneuver peak order times by creating its Zips in a way that automatically redistributes the drones from dock to dock for loading and launching. Zipline has already completed 540,000 deliveries to customers, which is more than what Alphabet and Amazon have delivered combined.

☆ Zipline’s new delivery drone comes with cute ‘droid’ for precise delivery
▼ + stars: | 2023-03-23 | by ( ) edition.cnn.com time to read: 1 min

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☆ Here are 15 of the wildest cruise ship activities for thrill seekers, including a 400-foot zipline, a 'boomerang' slide, and a robotic arm that flies guests over the ocean
▼ + stars: | 2023-03-16 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: 1 min

Robotron is a robotic arm with an attached gondola that seats three people and flies them out 53 meters above the sea, whilst rotating riders and giving them a 360-degree view of the ocean. It is available on the MSC cruise ship Seascape. Robotron, MSC Cruises MSC CruisesSource: MSC Cruises

To deliver cargo to a customer's door, the P2 Zip hovers around 300 feet above ground level and dispatches a kind of mini-aircraft and container called the "droid." Setting up one of these docks takes about as much work as installing an electric vehicle charger, Rinaudo Cliffton said. Before developing the P2 Zip, Zipline had established logistics networks in Cote d'Ivoire, Ghana, Japan, Kenya, Nigeria and Rwanda already. It is operating some drone delivery networks in the US, in North Carolina, Arkansas and Utah -- but the P2 will help it expand that network. The droid component of the P2 Zip is designed to enter distribution centers through a small portal, where it's loaded up with goods for delivery.

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