(Bloomberg) — Few could have anticipated the sudden collapse of Sam Bankman-Fried’s multibillion-dollar crypto empire. Most Read from Bloomberg Yet for all the twists, revelations and anguished ...
Tag: Tech
Home Depot, Walmart Kick Off Busy Week Of Retail Earnings; Tech Investors Eye Results from Cisco, Nvidia, AMAT
Dow Jones stocks Home Depot (HD) and Walmart (WMT) headline a busy week of retail earnings reports as Wall Street weighs the impact of higher interest rates on the economy. X Big box retailer Walmart ...
NFT Tech Announces Voting Results
VANCOUVER, British Columbia–(BUSINESS WIRE)–NFT Technologies Inc. (NEO: NFT | OTC Pink: NFTFF | FRA: 8LO) (the “Company” or “NFT Tech”), a leading technology company mainstreaming decentralized owners...
Tech Workers Still in Demand Despite Mass Layoffs: Ripple CTO
With the collapse of Sam Bankman-Fried’s FTX exchange, many of his skilled employees will likely have to seek new employment. Fortunately for them, the chief technology officer at Ripple Labs hinted t...
Big Japanese Investor Finds Itself Caught In Another Debacle
SoftBank Group has struck out on several its latest investments since several of them have proved to be nearly worthless. One of the largest Japanese investors, Softbank made a bet on cryptocurrency b...
Crypto and tech are the first dominoes to fall as stimulus liquidity dries up, says this money manager. Here’s what could happen next.
Read: Sequoia on its FTX investment: Some surprise to the upside, and some surprise to the downside JPMorgan is predicting a “cascade of margin calls, deleveraging and crypto company/platform failures...
Y Combinator backs payment startup Ping in $15 million seed round
Ping, a new freelancer-focused neobank, raised $15 million in a seed round as it plans to expand its focus from Latin America to new regions. Firms including Y Combinator, Race Capital, BlockTow...
Musk has lost credibility after his ‘boy who cried wolf moment’ dumping $4 billion in Tesla stock in the latest ‘Twitter circus show’ move, says tech analyst
Elon Musk has Tesla investors fuming over his decision to unload $4 billion worth of stock onto an unsuspecting market, with key supporters warning the entrepreneur’s own credibility is now on the lin...
2 charts show how brutal it’s gotten for Big Tech
The bloodletting in big tech continues after a year of slowing sales and profits along with de facto valuation resets at the hands of an aggressive Federal Reserve. Meta said Wednesday it will slash 1...
The Hideaways revolutionary tech to launch on Ethereum
The Hideaways, a recently launched alternative investment platform that allows users to invest in NFTs backed by luxurious real estate assets, has attracted many investors. The developers of the Hide...
Are the Tech Giants Under the Seasonal Layoff?
Kobeissi Letter has produced a list of 13 tech giants who are in the layoff process. Recession is increasing interest rates and unemployment is also getting directly proportional to it. The tech secto...
Japanese mobile operator NTT Docomo plans up to $4 billion web3 investments
Japanese mobile operator NTT Docomo plans to invest up to ¥600 billion ($4.1 billion) over several years to focus on web3 technology, the company said in its second-quarter earnings report. NTT ...
Another wave of layoffs hits tech
Tech layoffs are dominating newsfeeds and headlines, and the cuts are coming across the board — Twitter’s sacking workers in droves, while Meta (META) is reportedly set to conduct large-scale cu...
Charts suggest it’s not time to buy the dip in mega-cap tech stocks just yet, Cramer says
Investors who want to capitalize on the struggles of large-cap technology stocks should remain patient, CNBC’s Jim Cramer said Monday, citing technical analysis from Carolyn Boroden. “The ...
Money Crypto Versus Tech Crypto
Money crypto and tech crypto present different risks that public policy might address. In money crypto, the risks look more or less as they do in traditional finance: third-party custody, third-party-...
Is Crypto to Blame for Tech Companies’ Woes?
As tech executives are forced to account for tumbling revenues to investors, a new scapegoat has emerged: crypto. Philipp Schindler, Google’s chief business officer, blamed the company’s growth slowdo...
As layoffs mount, one tech CEO figured out how to do them right
Good morning, If you have a Twitter account, you’ve most likely seen the backlash from employees who were among widespread layoffs last week via a robotic-type internal memo. But recent weeks have sho...
Tech can’t find a bottom; industrial, consumer stocks bounce
Lots of companies got clocked last week. We saw weakness in a host of industries everything from media to gambling to cloud computing and software sales. The pain in the technology sector seems to kno...
Rohit Chopra is cracking down on big banks and Big Tech. Is he out of control?
In March, Rohit Chopra was invited to give a virtual speech at the University of Pennsylvania, an Ivy League school known for churning out finance-minded graduates who fill the rosters of Wall Street ...
S&P 500: The $5.5 Trillion Big-Cap Tech Stock Wipeout Sinks To A New Low
The cratering of big-cap technology and tech-related S&P 500 stocks is reaching epic proportions. And amazingly, it’s getting worse. X Five of the 15 stocks in the Solactive FANG Innovation ...
Global tech innovazion summit & awards – Singapore
Where Technology Transforms Lives! Following the success of the first edition Global Tech Innovation Summit in UAE where tech pioneers, crypto projects, VC’s, Business entrepreneurs, individual invest...
The Fall of Big Tech Is Boosting Stock Quants on Wall Street
(Bloomberg) — Another tech plunge, another shot in the arm for stock quants mounting a big comeback in Wall Street’s awful year. Most Read from Bloomberg As the Federal Reserve ramped up its haw...
7 Tech Stocks to Buy Before the Market Blasts Higher in 2023
A number of catastrophic headwinds imposed significant volatility, especially for popular tech stocks to buy. Primarily, the dovish monetary policies of the past came to roost this year, sending infla...
Communications Startup Dialect Issues Tech Specs for ‘Smarter Messaging’ in Crypto
In an interview at the Solana Breakpoint conference in Lisbon, Osborn gave the example of a musician orchestrating an NFT mint via her own distribution platform. Let’s say (under the current tech land...
Opinion: A switch to ‘premium’ can keep you invested amid the tech wreck in stocks
It seems as if the stock market is punishing all technology companies regardless of performance. That underlines a set of opportunities for long-term investors. There were many eyes on this cycle of t...