Michael Sonnenshein, CEO, Grayscale Investments at the NYSE, April 18, 2022. Source: NYSE Grayscale, the asset manager running the world’s largest bitcoin fund, met privately with the Securities...
Tag: Technology
Terra UST stablecoin dives below $1 peg; luna cryptocurrency down 80%
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 crypt...
SoFi tops expectations with latest earnings, gives mixed outlook
SoFi Technologies Inc. topped expectations with its latest results Tuesday but delivered a mixed forecast in an earnings report that came out several hours before it was officially expected. SoFi SOFI...
Unity Software Earnings Met Estimates. Why the Stock Is Cratering.
Text size Unity stock was dropping after its earnings release. Dreamstime Unity Software stock was tumbling after the videogame development platform’s earnings met analyst expectations but its sales a...
Billionaire Michael Saylor Tries to Reassure as His Bitcoin Bet Falters
The ongoing crypto market crash is a big test for bitcoin evangelists like Michael Saylor. Prices for the king of cryptocurrencies have plummeted from $69,044.77 in November to around $31,000 current...
WWE looks to boost sponsorship revenue as live events return, media deal expires
Chief Brand Officer and TV Personality of WWE, Stephanie McMahon delivers her keynote address at the opening of Sports Matters in conjunction with All That Matters 2016 in Singapore on September 14, 2...
These two subsectors of technology are trading at a discount to S&P 500
The ongoing sell-off in technology has created ample opportunities for investors, particularly in software and semiconductors, both of which are trading at a discount to the S&P 500. Paul Hickey d...
Netflix ads, password crackdown expected as early as this year, source says
Reed Hastings, co-founder, chairman, and co-chief executive officer of Netflix, arrives for the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S. July 6, 2021. Brian Losness ...
Ken Griffin wins $8 million Bezos spaceflight auction, donating seats
Ken Griffin, Founder and CEO, Citadel (L) and Blue Origin New Shepard rocket lifts off (R) Reuters Ken Griffin, billionaire founder and CEO of hedge fund Citadel, placed the winning $8 million bid in ...
Visa crypto executive leaves for Softbank-backed start-up DriveWealth
Terry Angelos, Visa’s global head of fintech and crypto. DriveWealth One of Visa‘s top executives is leaving the payments giant for a brokerage technology start-up, CNBC has learned. Terry...
How Plugin’s Blockchain Technology Helps Industries Adapt To Climate Change
With the growing threat of climate change, many industries need precise weather forecasting every hour. Plugin’s blockchain solution provides decentralized, verifiable weather data. Problems with exis...
Bitcoin (BTC) investors panic as terraUSD (UST) sinks below $1 peg
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 i...
Virgin Orbit assembling fleet of 747 jets to launch more rockets
The modified 737 aircraft “Cosmic Girl” lifts off from Mojave Air and Space Port in California carrying a LauncherOne rocket on June 30, 2021. Virgin Orbit Virgin Orbit is assembling a fle...
How Apple Stock Could Save the S&P 500 From a Bear Market
Text size Apple has outperformed the S&P 500 for the entire year. Michael M. Santiago/Getty Images The S&P 500 looks like it can fall into bear market territory. There is a good chance that wo...
Liquid NFT: Next-Gen Bitcoin Mining Technology At Your Fingertips
The world of cryptocurrency has always been, and will always be one which welcomes improvements, changes for the better and of course embraces the growth and implementation of cutting edge technologie...
Apple and Amazon Have Fallen for 6 Straight Weeks. There Could Be More Pain Ahead.
Text size People visit the Apple Store in Grand Central Station in New York. Michael M. Santiago/Getty Images Apple and Amazon.com kicked off the second week of May looking as if the stocks would exte...
Retirees Face a Whirlwind Market. Here’s What Advisors Say They Should Do.
Given market conditions, retirees can be forgiven if they feel that investing right now is akin to running with scissors. Risks and uncertainties abound: spiking inflation, Federal Reserve rate hikes ...
GoodRx stock tanks after company says it’s unlikely to achieve 2022 outlook amid issue with grocery chain
Shares of GoodRx Holdings Inc. sank in after-hours trading Monday after the company, which offers tools that help consumers compare drug prices, exceeded expectations with its March-quarter results bu...
Palantir stock plunges to all-time low after earnings, forecast miss
Executives at Palantir Technologies Inc. see the software company as strongly positioned for the current uncertain environment, but shares were tanking on Monday after the company delivered a mixed ea...
Mark Cuban: ‘Crypto is going through the lull that the internet went through’
Billionaire entrepreneur Mark Cuban thinks that cryptocurrency is on the same downswing that tech and internet companies hit in the early 2000s. Bitcoin hit a 10-month low as U,S. stocks continued to ...
Innovative Manufacturing Requires Workers And Machines In Tandem, MIT Professors Say At Symposium
Professor John Hart opening remarks at the Manufacturing at MIT symposium on May 6, 2022. Julie Diop We might be witnessing the dawn of a new industrial era in this decade. Strikingly, it might be des...
ARK Invest’s Cathie Wood Says Crypto Nearing End of Bear Market, Predicts Explosion in Blockchain Technology
ARK Invest founder Cathie Wood says that the increasing correlation between crypto and traditional assets indicates that the bear market will soon be over. In a new video update, Wood says that the bo...
Palantir Earnings and Outlook Fall Short of Estimates. The Stock Plunges.
Text size Palantir guided to a ‘base case’ of $470 million in revenue for the second quarter. Dreamstime Palantir Technologies posted soft first-quarter results, along with June quarter gu...
Opinion: Keep calm — there’s no recession on the way. These 13 stocks may rise as investors figure this out
A so-called hard landing of the U.S. economy is not going to happen. It’s a false fear. We may have a bumpy landing, but the odds of hard landing — a possible recession — are low for the reasons below...