Text size Cryptocurrencies are gaining as investors return to high-growth “risk assets.” Dreamstime Bitcoin has perked up, gaining 8% to roughly $42,600 in the past week. But Ether, the se...
Tag: Technology
Cathie Wood Watch: Ark Buys E-Commerce, Sells Payments
Investment manager Cathie Wood, chief executive of Ark Investment Management, was active buying and selling big-name technology stocks on Monday. She also continued her foray into the biotechnology s...
Walmart sues BJ’s Wholesale claiming theft of Sam’s Club self-checkout tech
Shoppers stock up on merchandise at a Sam’s Club store on January 12, 2018 in Streamwood, Illinois. Scott Olson | Getty Images Walmart and its big-box warehouse subsidiary Sam’s Club accus...
SpaceX raises prices for launches and Starlink due to inflation
A Starlink logo of a satellite internet constellation being constructed by SpaceX is seen on a smartphone and a pc screen. Pavlo Gonchar | LightRocket | Getty Images WASHINGTON — SpaceX is raising pri...
Catherine Faddis reveals her top health technology stock
Looming recession and the Ukraine war; there’s sufficient at present that could scare investors out of the stock market. Still, Grace Capital’s Catherine Faddis remains bullish on U.S. equ...
China’s Tencent exploring a financial holding company for WeChat Pay
An image of WeChat Pay in action. Zhang Peng | LightRocket | Getty Images Chinese tech giant Tencent is exploring whether regulators will require it to create a financial holding company to house is f...
Apple buys UK fintech start-up Credit Kudos
Customers walk past a digital display of the new green color Apple iPhone 13 pro inside the Apple Store on 5th Avenue in Manhattan, in New York, March 18, 2022. Mike Segar | Reuters LONDON — Apple has...
Last Week Provided Good News for Cathie Wood, Ark
The stock market soared last week, with the S&P 500 index climbing 6% and the technology-heavy Nasdaq Composite gaining 8%. That was good news for Cathie Wood’s exchange-traded funds at Ark Invest...
Elon Musk’s SpaceX sent thousands of Starlink satellite dishes to Ukraine, exec says
A shipment of SpaceX’s Starlink satellite antennas, also known as terminals, arriving in Ukraine. Fedorov Mykhailo on Twitter WASHINGTON – SpaceX has sent “thousands” of Starlink sat...
2022 Bahrain Grand Prix was ESPN’s most-viewed since 1995
Formula One F1 – Bahrain Grand Prix – Bahrain International Circuit, Sakhir, Bahrain – March 20, 2022 General view during the race. Thaier Al-sudani | Reuters Formula 1’s 2022 ...
Crypto investor Katie Haun raises $1.5 billion for Haun Ventures
Crypto investor Katie Haun has raised $1.5 billion for her new fund after leaving Andreessen Horowitz, and shattered multiple records in the process. Haun Ventures’ kickoff marks the largest deb...
The All-Electric Cadillac Lyriq Is Here. What It Means for GM Stock.
The Lyriq has 300 miles of driving range, via a 100-kilowatt-hour battery. Cadillac photo Text size General Motors began retail production of its all-electric luxury crossover vehicle, the Cadillac Ly...
Elon Musk Hails ‘Great Day’ As Tesla Delivers Maiden Berlin-Made EV
Updated at 11:27 am EST Tesla (TSLA) – Get Tesla Inc Report shares extended their longest winning streak since last November Tuesday as the carmaker delivered the first-ever Model Y sedan made ...
BuzzFeed investors have pushed CEO Jonah Peretti to shut down newsroom
BuzzFeed founder and CEO Jonah Peretti Manuel Blondeau | AOP.Press/Corbis | Getty Images BuzzFeed is shrinking its money-losing news organization, the company announced Tuesday, amid what people famil...
Rocket builder Firefly resuming launch operations, raises $75 million
The company’s inaugural Alpha rocket launches from Vandenberg Space Force Base in California on Sept. 2, 2021. Firefly Aerospace WASHINGTON – Firefly Aerospace aims to make its second attempt to...
NFL will let teams seek blockchain sponsorships
A football with the NFL logo Jacob Kupferman | Getty Images The National Football League, in a memo issued Tuesday, granted teams limited permission to seek blockchain sponsorships, a partial reversal...
Okta Stock Tumbles Amid Breach Investigation As Cyber Risks Mount
Updated at 10:51 am EST Okta Inc. (OKTA) – Get Okta, Inc. Class A Report shares slumped lower Tuesday after the tech group, which manages network access for thousands of U.S. companies, began i...
Nvidia Has Its Investor Day on Tuesday. What to Expect.
Text size Shares of Nvidia have risen roughly 14% in the past month. Justin Sullivan/Getty Images Nvidia kicks off its investor day at 10 a.m. Pacific time on Tuesday, following a follow a keynote spe...
China’s Big Tech Firms Are Axing Thousands of Workers
BEIJING—China’s biggest tech companies are conducting large-scale layoffs this year as they deal with an economic slowdown and Beijing’s regulatory pressure. Tencent Holdings Ltd. TCEHY -7.14% , opera...
Securities Clearing Firm Euroclear Invests in Fnality, Advancing Distributed Ledger Technology
Financial product service provider Euroclear Group has invested in Fnality, an international consortium of global banking and financial market infrastructure, to advance distributed ledger technology ...
Amazon Loses Round One of Indian Retail Battle Royale
Amazon AMZN 0.15% is staring at an embarrassing defeat after fighting a drawn-out legal battle to block India’s most valuable firm, Reliance Industries, 500325 -0.50% from buying the country’s number ...
Ripple’s Technology to Be Used by Canadian Top Bank for Cross-Border Payments: Details
Tomiwabold Olajide The RippleNet network wrapped up 2021 with a payment volume run rate of more than $10 billion CryptoLaw founder John Deaton shares the news that Ripple’s blockchain technology...
Semiconductor Watchlist: Micron, Nvidia Applied Materials
The benchmark PHLX Index (SOX) started at 3,432 this week, up 9.1% over the prior week. The SOX remains down 14% on a year-to-date basis. The week saw a number of major semiconductor funds rising at l...
Shopify’s Stock Is Falling Again After a 50% Four-Day Rally
Text size There was no company-specific news to explain last week’s rally in Shopify stock, or Monday’s slump. Dreamstime The wild gyrations in Shopify shares offer a clear demonstration o...
Goldman Sachs Helps Bitcoin Take a Major Step
Goldman Sachs on Monday took a big step toward the possible wide adoption of bitcoin among institutional investors, such as hedge and pension funds. A step that will undoubtedly reassure some big inv...
SpaceX will hopefully launch Starship orbital flight in May
Prototypes of SpaceX’s Starship rocket and Super Heavy booster stand at the company’s Starbase facility in Texas. Michael Sheetz | CNBC Elon Musk on Monday gave an update on the timeline f...
BlackBerry Valuation Makes It More Attractive. The Stock Receives an Upgrade.
Text size A logo stands on display outside the BlackBerry headquarters. Chris Ratcliffe/Bloomberg Shares of BlackBerry received a boost on Monday after analysts at RBC Capital Markets upgraded the sto...