Updated at 9:38 am EST Chamath Palihapitiya, the outspoken venture capitalist who fronted several special purpose acquisition companies at the peak of last year’s investment frenzy, will step do...
Tag: Technology
BuyTheBroncos DAO aims to raise $4 billion to buy Denver Broncos
DENVER — The Denver Broncos are up for sale, and a group of crypto enthusiasts is aiming to raise more than $4 billion using a decentralized autonomous organization, or DAO, to make it their own. You ...
Nvidia Dipped on Earnings Report but Found Footing. Rally From Here?
It was not the reaction the bulls were hoping for after graphics-chip major Nvidia (NVDA) – Get NVIDIA Corporation Report reported earnings. Even as the company beat consensus expectations, Nvi...
Liquidation services resell returned items, a $644 billion business
Inside Liquidity Services’ 130,000-square-foot warehouse in Garland, Texas, the aisles aren’t lined with typical merchandise. Instead, they’re stacked with returns from Amazon, Targe...
Intel CEO Pat Gelsinger Sees Company as the ‘Next Great Growth Story’
Text size Intel now expects to increase its annual revenue to grow 10% to 12% by 2025. Patrick T. Fallon/Bloomberg Intel CEO Pat Gelsinger said Thursday that the chip maker can be the stock market’s “...
Bitcoin Will Continue to Fall in March to Low Levels
“What goes up must come down,” said renowned English mathematician and physicist Issac Netwon. And that continues to be true in case of the world’s most traded cryptocurrency, bitcoin. Bi...
What’s behind the congestion at U.S. ports
The Port of Los Angeles, the busiest port in North America, saw record volume in 2021. Container volume at the port, including imports like furniture and apparel, surged to a record 10.6 million TEUs ...
Cathie Wood’s ARKK Fund Looks for a Bottom. Here’s How to Trade It.
In the battleground for growth stocks, the bulls lately haven’t put up much of a fight. High-growth stocks have been getting crushed. A typical drawdown in quality names has been 40% to 50% ov...
Elon Musk’s SpaceX to split its private stock 10-for-1
A SpaceX Falcon 9 rocket and Dragon spacecraft ahead of the Inspiration4 mission in Merritt Island, Florida, U.S., on Wednesday, Sept. 15, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Elon Mus...
Ford Stock Leaps On Report It’s Considering EV Division Spin-Off
Updated at 11:53 am EST Ford (F) – Get Ford Motor Company Report shares jumped higher Friday following a report that the carmaker is mulling the split its electric vehicle business from its leg...
GM discontinues once-promising Marketplace app that allowed you to shop while driving
GM is ending its in-vehicle “Marketplace” app that allowed drivers to order and pay for goods and services such as gasoline or coffee through their vehicle. GM DETROIT – General Motors is ...
Cathie Wood’s Ark Adds Shares of Roku, Roblox, Zoom
The buying spree continues for investment star Cathie Wood, CEO of Ark Investment Management. She sees the decline of young technology stocks as a buying opportunity and has been snapping them up in r...
Chamath Palihapitiya steps down from Virgin Galactic board
Virgin Galactic leaders in front of the New York Stock Exchange, from left: CEO George Whitesides, founder Richard Branson and Chairman Chamath Palihapitiya. Virgin Galactic Virgin Galactic announced ...
Nokia Is Remaking Itself Into a 5G Leader. Now Might Be the Time to Plug Into the Stock.
Nokia unveiled a broad restructuring plan last March. Roni Rekomaa/Bloomberg Text size Nokia has had a tough few years, but the Finnish telecom giant has successfully engineered the first part of its ...
Xi calls for more tech laws, signals more regulation ahead
The Great Hall of the People is seen after the closing meeting of the fourth session of the 13th National People’s Congress (NPC) on March 11, 2021 in Beijing, China. VCG | Visual China Group | ...
‘He promised to pay them off’: My daughter lived with a man for 9 years. He took out credit cards in her name. Will she be held liable?
Dear Quentin, I have a problem. My daughter lived with a guy for nine years. During that time, I found out that he took out two credit cards in her name without her permission. Identity theft, right? ...
Nvidia Can’t Catch a Break. Why Its Stock Is Still a Buy.
Text size Nvidia stock was falling Thursday despite a “beat and raise” earnings result. Dreamstime Nvidia can’t seem to catch a break. The chip maker delivered what Wall Street was expecti...
Ark’s Cathie Wood Makes the Case for Her Stocks
Star investor Cathie Wood of Ark Investment Management has been adamant in recent weeks that the decline of tech stocks represents a buying opportunity rather than a sign of distress. She defended her...
Redfin stock tanks after forecast shows losses expanding as iBuying business grows
Redfin Corp. shares plunged more than 10% in after-hours trading Thursday, after executives predicted losses in the first quarter of 2022 would exceed full-year losses in 2021 as the company maintains...
Where one of UnitedHealth’s first tech start-up acquisitions is today
Bloomberg | Bloomberg | Getty Images In 2010, Grant Verstandig founded Audax Health with a vision of putting more power in the hands of the health-care consumer and creating a digital interface to enc...
Umbria Launches AVAX Cross-Chain Bridge Solution, Claims Tech Is 90% Cheaper Than Alternative – Technology Bitcoin News
On Tuesday, the team behind the Umbria network announced the launch of the new Narni cross-chain Avalanche bridge. Umbria says the bridge is 90% cheaper than the official Avalanche bridging solution a...
Bezos’ Blue Origin building more space tourism rockets: CEO
A Blue Origin New Shepard rocket lifts off with a crew of six, including Laura Shepard Churchley, the daughter of the first American in space Alan Shepard, for whom the spacecraft is named, from Launc...
Intel Slides After Analyst Day. Wall Street Sees Risks From Foundry Plans.
Text size Intel laid out its expectations at a meeting for analysts and investors on Thursday. Courtesy Intel Corporation Intel CEO Pat Gelsinger came into his first analyst day since he took the top ...