General Motors has brought back the cast of “Austin Powers” to promote electric vehicles during Super Bowl LVI. General Motors Many football fans are making bets on whether the Cincinnati ...
Tag: Technology
Billionaire George Soros reveals stake in Rivian, sells some tech shares
Billionaire George Soros’ investment fund has taken a more than $1 billion stake in electric-pickup maker Rivian Automotive Inc. According to a filing with the Securities and Exchange Commission on Fr...
Tesla CEO Elon Musk Has Found a Smart Way to Get Free Money
You don’t change a formula that wins, says an adage. In this case, the formula is doubly winning. The electric vehicle (EV) manufacturer Tesla (TSLA) – Get Tesla Inc Report continues to ...
MU Stock Rebounds As Micron Touts Technology Lead
Micron Technology (MU) says its innovations in memory chips will keep it several quarters ahead of competitors. Meanwhile, MU stock has rebounded from the recent stock market correction. X “We h...
The Arm deal is dead, but Nvidia is not expected to slow down
Nvidia Corp.’s acquisition of Arm Ltd. has been scuttled, but that isn’t expected to stop the chip maker’s charge into the data center. seeks to cut further into Intel Corp.’s and Advanced Micro Devic...
Zillow Is Betting on a Housing Super App. What Wall Street Thinks.
Text size Zillow Group announced plans to shut down its home-flipping business in November. Chris Goodney/Bloomberg Zillow ‘s spectacular decision to shut down its home-flipping business last year has...
Intel announces plans to venture into blockchain technology
Intel will be moving into the blockchain sector, as announced by the company’s senior vice president, Raja M. Koduri. In a statement shared on Friday, Koduri stated that Intel was focusing on developi...
The fall of Peloton’s John Foley and the market’s big founder problem
John Foley, co-founder and chief executive officer of Peloton Interactive Inc., stands for a photograph during the company’s initial public offering (IPO) in front of the Nasdaq MarketSite in Ne...
The Chip Shortage Has Made These 4 Stocks a Buy
Text size GlobalFoundries, which makes basic chips for everything from cars and phones to toys and power tools, says chip capacity is growing at half the needed pace. Liesa Johannssen-Koppitz/Bloomber...
NFL Lobbied SEC on ‘Blockchain Technology’ Issues: Report
In brief According to SEC disclosures, the NFL spent money on blockchain-related lobbying efforts in 2021. The NFL has been slower than some other leagues to partner with cryptocurrency companies. Las...
NFL lobbies the SEC on blockchain technology
NFL commissioner Roger Goodell Kirby Lee-USA TODAY Sports | Reuters The National Football League lobbied the Securities and Exchange Commission on “issues related to blockchain technology”...
Alibaba Earnings Are Coming. What to Expect.
A selloff in the technology sector and macroeconomic headwinds in China make Alibaba’s looming earnings report sure to be an interesting one. The Chinese e-commerce giant announced Friday that its fin...
SpaceX’s Starship is solution to efficient space travel
Elon Musk gestures as he speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. Jim Watson | AFP | Getty Images CAMERON COUNT...
Alibaba Earnings Are Coming. Here’s When, What to Expect and 4 Numbers to Watch.
A selloff in the technology sector and macroeconomic headwinds in China make Alibaba’s looming earnings report sure to be an interesting one. The Chinese e-commerce giant announced Friday that its fin...
Uber’s New Earnings Outlook Leaves Investors Hungry for More
Uber Technologies Inc. spooked investors with a midterm earnings forecast that fell short of expectations and overshadowed the company’s pledge to be cash-flow positive by the end of this year. Chief ...
Morgan Stanley Wants to Educate Investors on Ethereum
It’s not often that one of the major wirehouses tells clients to pay attention to cryptocurrencies, so when Morgan Stanley Wealth Management introduces a 20-page primer on the cryptocurrency Ether, it...
Watch Elon Musk give an update on SpaceX’s massive Starship rocket
Note: SpaceX is producing the webcast for this event. [The livestream is slated to begin at 9 p.m. ET. Please refresh the page if the web player above is not visible.] SpaceX CEO Elon Musk is giving a...
Astra stock drops 26% after NASA mission fails mid-launch
Shares of rocket builder Astra fell sharply Thursday, after the company’s latest mission failed to reach orbit. Astra’s stock fell 26% to close at $3.91 a share. The company confirmed ther...
6 Stocks for a 2022 of Higher Interest Rates and Slower Earnings Growth
Don’t let inflation fears dominate your investment thoughts. Save time to worry about earnings growth, too. Below, some statistical bellyaching and portfolio defeatism, plus one Wall Street bank’s top...