Tech

In this article 3690-HK BABA 700-HK This photo from September 25, 2020 shows Jack Ma, founder of Alibaba Group, attending the opening ceremony of the 3rd All-China Young Entrepreneurs Summit in Fuzhou, Fujian Province of China. Alibaba is among the Chinese technology stocks recently upgraded by JPMorgan analysts. Lyu Ming | China News Service via

In this article TWTR Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters Elon Musk hinted that he could seek to renegotiate the price of his Twitter takeover, saying a deal at a lower price wasn’t “out of the question,” Bloomberg reported

Bitcoin fell below the $26,000 level since December 2020. (Photo credit should read CFOTO/Future Publishing via Getty Images) CFOTO | Future Publishing via Getty Images Investors have been eager to find out what happened to the more than $3 billion in bitcoin bought up by crypto firm Terra to back its failed stablecoin. Now, they’ve

In this article VOW3-DE As Volkswagen looks to resurrect the Scout brand in the United States, CEO Herbert Diess has shed light on the decision, saying it represents an opportunity for the German auto giant to “become much more American.”  VW announced plans to re-launch the Scout as a fully-electric pick-up and “rugged” SUV last

In this article AMZN Amazon founder Jeff Bezos arrives for his meeting with British Prime Minister Boris Johnson at the UK diplomatic residence on September 20, 2021 in New York City. Michael M. Santiago | Getty Images News | Getty Images Amazon founder Jeff Bezos tweeted on Sunday that inflation is most hurtful to the

In this article LUNA.CM= UST.CM= BTC.BS=-USS Bitcoin staged a rebound on Friday, jumping above $30,000 despite the ongoing woes of stablecoin TerraUSD which has caused panic in the crypto market. The world’s largest cryptocurrency bitcoin was trading at around $30,262.85 at 4 a.m. ET on Friday, according to CoinGecko data, up 8% in the last

Marc Benioff, chairman and co-chief executive officer of Salesforce.com Inc., speaks at the Dreamforce conference in San Francisco on Nov. 19, 2019. Salesforce’s annual software conference, where it introduces new products and discusses its commitment to social causes, was interrupted for the second year in a row by protests against the company’s work with the

BRENDAN SMIALOWSKI Tesla CEO Elon Musk sent Twitter shares tumbling on Friday when he said he was going to put his $44 billion acquisition of the social network “on hold” while he researches the proportion of fake and spam accounts on the platform. Though Musk later clarified that he remains committed to the deal, he continued

In this article AMZN Amazon CEO Jeff Bezos speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021. Paul Ellis | Reuters Amazon founder Jeff Bezos took aim at President Joe Biden on Friday over a tweet that said inflation could be brought down by taxing wealthy corporations. Biden earlier

In this article TWTR Parag Agrawal named Twitter CEO on Nov 29th, 2021. Courtesy: Twitter Twitter CEO Parag Agrawal said Friday that he still expects the sale to Elon Musk to go through, but he’s continuing to run the company in case it doesn’t. “While I expect the deal to close, we need to be

In this article TWTR Musk’s plan to buy Twitter has worried policymakers around the world. Joe Skipper | Reuters Elon Musk can’t just walk away from his deal to acquire Twitter by paying an agreed-upon $1 billion breakup fee. It’s not that simple. Musk Friday tweeted that he has decided to put his acquisition of

In this article TWTR Elon Musk, during an event at SpaceX headquarters in Hawthorne, California, U.S., on Thursday, Oct. 10, 2019. Bloomberg /Getty Elon Musk announced Friday that the Twitter deal is on hold until he receives more information about how many fake accounts there are on the platform. Twitter’s stock plummeted 19% following the

In this article LUNA.CM= Luna, the sister cryptocurrency of controversial stablecoin TerraUSD, has almost dropped to $0. The cryptocurrency markets have seen a steep sell-off over the last week after the TerraUSD stablecoin lost its $1 peg. Dan Kitwood | Getty Images News | Getty Images Luna, the sister cryptocurrency of controversial stablecoin TerraUSD, has

Getty Images Apple stock is down over 8% this week, wiping off about $200 billion in value, and dragging down the Dow and Nasdaq indexes. Apple is now officially in a bear market alongside other technology megastocks. Apple has fallen during a bad week for equity markets, which are selling off stocks in nearly every

Crypto firm Tether has been reducing the amount of commercial paper in its reserves. Jakub Porzycki | Nurphoto | Getty Images Tether, the world’s largest stablecoin, broke below its $1 peg Thursday amid panic in the crypto market. The token sank to as low as 98 cents at around 3:30 a.m. ET, according to data

A Bitcoin coin lies on a screen showing the Bitcoin – US dollar exchange rate. Fernando Gutierrez-Juarez | picture alliance | Getty Images The price of bitcoin fell below the $30,000 mark on Wednesday for the second time this week, after new data showed inflation is still running near 40-year highs. Bitcoin fell about 7%

In this article AAPL Tim Cook, CEO of Apple Inc. Adam Jeffery | CNBC Oil giant Saudi Aramco on Wednesday surpassed Apple as the world’s most valuable firm. Aramco’s market valuation was just under $2.43 trillion on Wednesday, according to FactSet, which converted its market cap to dollars. Apple, which fell over 5% during trading

In this article BTC.CM= LUNA.CM= ETH.CM= Bitcoin, the world’s largest cryptocurrency, has fallen over 50% since setting an all-time high of nearly $69,000 in November. Dan Kitwood | Getty Images The two main tokens from embattled crypto project Terra are now in freefall. UST, a so-called stablecoin that’s meant to maintain a $1 peg, plunged

In this article TSLA Employees work at the Tesla Gigafactory in Shanghai, east China, Nov. 20, 2020. U.S. electric car company Tesla in 2019 built its first Gigafactory outside the United States in the new Lingang area, with a designed annual production capacity of 500,000 units. Ding Ting | Xinhua News Agency | Getty Images

In this article COIN Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase reported first-quarter earnings that missed analyst estimates after the bell on Tuesday. Shares fell as much as 19% in

In this article BTC.CM= Bitcoin is now down 50% from its November all-time highs. Artur Widak | Nurphoto | Getty Images Investors in bitcoin are in panic mode as the controversial terraUSD stablecoin slips further from its intended $1 peg. TerraUSD, or UST, sank below 70 cents for the first time late Monday, as holders

Bitcoin dropped below the $30,000 level late Monday, breaching a symbolic price threshold. At its lowest price point, the world’s most popular cryptocurrency was more than 12% lower on the day — and more than 56% off its November all-time high of around $69,000. The last time bitcoin traded below $30,000 was in July 2021,

In this article FB NVDA GOOGL TSLA MSFT AMZN AAPL OMAHA, NEBRASKA – APRIL 30: Apple CEO Tim Cook walks through the convention floor at the Berkshire Hathaway annual shareholder’s meeting on April 30, 2022 in Omaha, Nebraska. This is the first time the annual shareholders event has been held since 2019 due to the

In this article UBER Uber posted a $5.9 billion loss in the first quarter of 2022. Philip Pacheco | AFP via Getty Images Uber will cut back on spending and focus on becoming a leaner business to address a “seismic shift” in investor sentiment, CEO Dara Khosrowshahi told employees in an email obtained by CNBC.

In this article ETH= NVDA A sign is posted in front of the Nvidia headquarters on May 10, 2018 in Santa Clara, California. Justin Sullivan | Getty Images Nvidia will pay $5.5 million as part of a settlement with the SEC that it did not properly inform investors about how cryptocurrency miners were stoking demand

In this article BTC.CM= Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images Bitcoin continued to slide after a broader stock sell-off in the U.S. last week sent the cryptocurrency market into a frenzy and prompted

In this article XRP.CM= ETH.CM= BTC.CB= Bitcoin fell sharply after a sell-off of major U.S. stock indices. Bitcoin has been correlated closely to the price movement of the Nasdaq index. Luke MacGregor  | Bloomberg | Getty Images Bitcoin cratered on Thursday as a major stock sell-off in the U.S. spooked the cryptocurrency market. Bitcoin was

Former President Donald Trump Tom Brenner | Reuters A judge on Friday dismissed a lawsuit by former President Donald Trump seeking to lift his ban from Twitter. But San Francisco federal district court Judge James Donato left the door open for Trump and other plaintiffs to file an amended complaint against Twitter that is consistent

Senator Bernie Sanders, an Independent from Vermont, left, speaks next to Christian Smalls, founder of the Amazon Labor Union (ALU), during an ALU rally in the Staten Island borough of New York, U.S., on Sunday, April 24, 2022. Victor J. Blue | Bloomberg | Getty Images After years of declining influence, unions are having a

Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 19, 2020 at Wall Street in New York City. – US stocks open mixed, Dow -0.4%, Nasdaq +0.1% (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images) JOHANNES EISELE | AFP | Getty Images The Nasdaq Composite fell

Sundar Pichai, Google CEO David Paul Morris | Bloomberg | Getty Images Google is overhauling its performance evaluation process, implementing changes that will result in increased salaries, as the company tries to ease tension between employees and leadership on the issue of compensation. Starting this week, Google is using a new process for performance reviews

An electric Amazon delivery van from Rivian cruises down the street with the Hollywood sign in the background. Amazon The tech sell-off of 2022 accelerated in the past couple weeks, with first-quarter earnings reports highlighting challenges like inflation, supply chain shortages and the war in Ukraine. For some tech leaders, the market swoon has created

In this article 9866-HK Nio is planning to list its shares in Singapore. This would be the Chinese electric carmaker’s third listing location, following its IPO in New York and a secondary listing in Hong Kong. Costfoto | Future Publishing | Getty Images Chinese electric carmaker Nio said Friday that it’s planning a secondary share

Alongside their natural beauty, coral reefs have an important role to play in the natural world. According to the National Oceanic and Atmospheric Administration, around one quarter of the ocean’s fish rely on healthy coral reefs. Reinhard Dirscherl | Ullstein Bild | Getty Images Danish energy firm Orsted is to trial growing corals on the

Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Cloud companies, e-retailers and household tech names got hammered on Thursday, wiping out hundreds of billions of dollars in market value and pushing the Nasdaq Composite toward its worst one-day plunge since June

In this article GE Straddling the border between Brazil and Paraguay, Itaipu commenced electricity production in 1984. The technological upgrades being planned for the site are set to take 14 years. Tifonimages | Istock | Getty Images GE Renewable Energy has signed a deal that will see it carry out upgrades to the 14 gigawatt

In this article FB Facebook co-founder and CEO Mark Zuckerberg testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill October 23, 2019 in Washington, DC. Zuckerberg testified about Facebook’s proposed cryptocurrency Libra, how his company will handle false and misleading information by political leaders during the 2020 campaign

Binance CEO Changpeng Zhao gave a keynote at a Paris crypto industry event in April 2022 to debut a new accelerator program for so-called “Web3” start-ups. Benjamin Girette | Bloomberg | Getty Images Binance has been granted approval from regulators to operate its cryptocurrency exchange in France. The company is now listed as a registered

In this article UBER Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images Uber reported first-quarter earnings before the bell on Wednesday. Here are the key numbers: Loss per share: $3.04 (GAAP), not comparable to analyst estimates Revenue: $6.85 billion vs.

In this article LYFT A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Shares of Lyft lost

In this article EXPE Visitors browse at the display of Expedia during the International Tourism Trade Fair in Berlin. Fabrizio Bensch | Retuers Shares of Expedia plunged more than 13% on Tuesday after reporting mixed financials in what’s been a tough earnings season. The company reported first-quarter financials after the bell on Monday. Expedia lost

In this article EMBRAC.B-SE 9684.T-JP Tomb Raider is one of the most well-known video game franchises of all time. Christian Petersen | Getty Images The iconic Tomb Raider video game franchise is being sold by its Japanese publisher Square Enix as part of a $300 million ddeal. Square Enix said Monday it will offload three

Shane Smith, co-founder of Vice. CNBC Vice Media, the digital media company once valued at $5.7 billion, has hired bankers to seek a sale, according to people familiar with the matter. Several buyers have expressed preliminary interest in acquiring Vice outright, people familiar with the matter said. While finding a single buyer would be a

U.S. President Joe Biden delivers remarks about climate change and protecting national forests on Earth Day at Seward Park in Seattle, Washington, April 22, 2022. Jonathan Ernst | Reuters The Biden administration on Monday announced it will begin a $3.1 billion plan to boost domestic manufacturing of batteries, in a broader effort to shift the

In this article AAPL Apple CEO Tim Cook Brooks Kraft/Apple Inc/Handout via Reuters An ongoing shortage of chips and other basic materials is forcing some of the world’s biggest tech and automotive companies to scale back their targets this year. Apple CEO Tim Cook warned Thursday that the company was “not immune” to supply chain

In this article NFLX Netflix is expanding its push into mobile gaming. Sopa Images | Lightrocket | Getty Images Netflix has canceled development on “Pearl,” an animated series created by Meghan, Duchess of Sussex, marking the latest cost-saving moves after the company reported a disappointing first quarter. The cancellation is part of strategic decisions Netflix

In this article CMCSA CHTR ROKU Brian Roberts, CEO of Comcast (L), and Tom Rutledge, chief executive officer of Charter Communications Drew Angerer | Getty Images It’s easy to shrug off last week’s announcement that Comcast and Charter have started a joint venture to gain market share nationwide in streaming-video distribution. But the two largest

In this article BRK.A BTC.CM= Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance on bitcoin. He said at the Berkshire Hathaway Annual Shareholder meeting Saturday that it’s not a productive asset and it doesn’t produce anything tangible. Despite