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 It's Apple pre-order week, and we're already tracking solid discounts across every new product that was announced this week. This includes free Best Buy gift cards when ordering the new MacBook Neo, Air, and Pro, plus the first cash discounts on M4 iPad Air on Amazon.
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Life EV has completed a court-approved acquisition of Rad Power Bikes, granting a second life to the troubled e-bike brand.
The Florida-based Life EV now owns Rad's brand, intellectual property, inventory and certain unspecified operating assets, and will continue to operate as Rad Power Bikes in the US, with plans to expand to "select key markets."
Rad's new owner has committed to honoring certain warranties and gift cards purchased prior to the acquisition, and says new bikes will be built in the US going forward. Life EV will adopt a Foreign Trade Zone (FTZ) structure for its manufacturing operations, allowing it to take advantage of special domestic customs procedures when sourcing parts from global suppliers.
"Rad Power Bikes has helped define the e-bike category in North America with its innovative products and passionate rider community," said Life EV CEO, Rob Provost. "Respecting and preserving that legacy - its brand, vision, and leadership - is foundational to this acquisition. Together, we will build on that trust and create new opportunities for riders nationwide."
The completed acquisition marks the end of a turbulent period for Rad. Back in December, the company was forced to file for Chapter 11 bankruptcy after the Consumer Product Safety Commission (CPSC) warned Rad's customers to "immediately stop using" some of its e-bike batteries due to a serious fire hazard. At the time, Rad said it couldn't afford to r
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Xbox CEO Asha Sharma is gearing up to spill the beans on Microsoft's next-generation console. In a post on X today, she revealed that the system is codenamed "Project Helix." Confirming previous rumors, she says it will "lead in performance" and play both console and PC games. Sharma also notes that she'll be discussing the system at GDC next week with partners and developers.
The next-gen console tease follows Sharma's appointment as Xbox CEO a few weeks ago, after former Xbox head Phil Spencer stepped down. Last year, it was clear that things were rocky for Microsoft's storied gaming brand, and the executive shakeup certainly didn't help much. But it'll be interesting to hear more details about Project Helix at GDC — is it simply a PC masquerading as a console? What sort of performance benchmarks is Microsoft trying to reach, and will we get any hints about hardware?
For the first time, in a long time, there's something intriguing happening in the land of Xbox. Much like the first Xbox, Microsoft could end up cutting this generation short to quickly prep a successor. And if the rumors about a PlayStation 6 delay end up being true, it could give Microsoft a f
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