A Tesla store in Changzhou, China, in April 2022. Tencent, known as one of the world’s largest gaming and social media firms, invested in Tesla in 2017, taking a 5% stake for around $1.78 billio...
Tag: Technology
Ericsson warns on near-term outlook as profit disappoints
STOCKHOLM–Ericsson AB on Friday posted lower-than-expected fourth-quarter net profit and cautioned that the near-term outlook is uncertain, with operators holding off placing new orders as they rebala...
Crypto lender Genesis Trading files for bankruptcy protection
Barry Silbert, Founder and CEO, Digital Currency Group David A. Grogan | CNBC Crypto lender Genesis filed for Chapter 11 bankruptcy protection late Thursday night in Manhattan federal court, the lates...
Netflix Stock Surges on Subscriber Beat
Netflix posted better-than-expected subscriber growth in the fourth quarter, adding 7.66 million net new subscribers, well ahead of the 4.5 million the company had projected. The company also announce...
‘I have $30,000 in my savings account’: I’m 56, unemployed and single. I invented products that will cost $20,000 to bring to market. Should I do it?
Dear Quentin, I am a 56-year-old divorced woman who has raised four children as a single parent. I made the decision at a young age to give birth to all of my children, and I was the sole provider for...
Apple Will Struggle to Post Growth Amid Waning iPhone Demand, Warns J.P. Morgan
Apple faces a tough task to meet Wall Street expectations for the first two quarters of its current fiscal year as supply problems feed into lower demand, according to analysts at J.P. Morgan Apple ...
Binance was final destination for millions in funds from Bitzlato
Binance is the world’s largest crypto exchange, handling billions of dollars in trading volumes on a daily basis. STR | NurPhoto via Getty Images Federal prosecutors unsealed an indictment again...
JPMorgan CEO Jamie Dimon says Bitcoin is a ‘hyped-up fraud’ and cryptocurrencies are a ‘waste of time’—but blockchain is a ‘deployable’ technology
Despite the ongoing Crypto Winter, Bitcoin supporters are certain that the future for the fledgling industry is bright. And so far this year, they’ve had reason to celebrate. Bitcoin’s price has jumpe...
Netflix rivals like Disney are comrades in fight against slow growth
For the past three years, the global media and entertainment industry has been defined by the streaming wars. Each media company created a streaming service to compete. Only the strongest would surviv...
‘Bitcoin is a hyped-up fraud, it’s a pet rock’: says JP Morgan CEO Jamie Dimon
““Bitcoin itself is a hyped-up fraud, it’s a pet rock.”” — Jamie Dimon, JP Morgan Chase CEO In an interview on Thursday morning on CNBC, billionaire Jamie Dimon, Chairman and chief executive of JP Mor...
Hertz, Denver partner on a broad electric vehicle and charging program
Hertz is teaming up with the city of Denver — and soon, it hopes, with other cities — to build out its charging infrastructure to support the ongoing transition to electric vehicles. The partnership i...
Cathie Wood Watch: Ark Piles Its Tesla Holding High
Famed investor Cathie Wood, chief executive of Ark Investment Management, continued her buying onslaught of Tesla (TSLA) – Get Free Report shares Jan. 17. That company, of course, is the domina...
PayPal’s ‘baggage’ sparks downgrade of its stock
The financial-technology category is “better positioned” than many other pockets of tech to post a strong 2023, according to an analyst, but some names could fare better than others. As SMBC Nikko Sec...
China tightens media control with tiny stakes in two Alibaba units
Alibaba completed its acquisition of video platform operator Youku Tudou in 2016. Pictured here is an old version of the Youku logo. Sopa Images | Lightrocket | Getty Images BEIJING — State-backed ent...
CoinDesk engages Lazard to explore sale as DCG crisis grows
Barry Silbert, Founder and CEO, Digital Currency Group Anjali Sundaram | CNBC Crypto trade publication CoinDesk is exploring a potential sale, hiring advisors at Lazard to weigh a move that would rem...
Jim Cramer Reveals His ‘Fear’ After Microsoft’s Massive Layoffs
Microsoft (MSFT) – Get Free Report shares rose in pre-market trading Wednesday amid investor enthusiasm over the software titan’s announcement that it will slash 10,000 jobs, about 5% of its wo...
Get Ready, Tech Investors: Intel and Qualcomm Could Give Gloomy Outlooks
Citi Research predicts Intel and Qualcomm could provide disappointing guidance when they report their December quarter financial results. On Wednesday, analyst Christopher Danely reiterated his Neutra...
Cybertruck Could Boost Revenue, Says Big Tesla Investor
Tesla CEO Elon Musk has made several promises recently, including the production of the long-awaited Cybertruck and finding a replacement for Twitter’s top executive. Investors will likely have ...
Apple CEO Tim Cook asked for — and got — a major pay cut this year. Is there ever a time when some of us should accept one too? The answer is ‘yes.’
In an SEC filing, Apple announced that CEO Tim Cook will receive a big pay cut in 2023, and the filing noted that he requested the cut. mandel ngan/Agence France-Presse/Getty Images The new year is ba...
Board also light on media experience
Nelson Peltz David A. Grogan | CNBC Disney directors unanimously rejected activist investor Nelson Peltz’s request to join the board this month, in large part due to his lack of media industry e...
Trading And Blockchain Technology For The Betterment Of the Finan…
Since it is distributed and unchangeable, a blockchain-based ledger makes it difficult to falsify transactions without alerting all stakeholders. Using the built-in capabilities of distributed ledger ...
Ripple CEO optimistic crypto firm will get SEC XRP lawsuit ruling soon
The head of cryptocurrency and blockchain company Ripple, Brad Garlinghouse says he is hopeful a resolution will be reached in its spat with the U.S. Securities and Exchange Commission within the firs...
Here’s How Manufacturers Can Make A Recession Work To Their Advantage
After more than a decade of boom times, the U.S. could be headed for recession this year. Research firm Ned Davis has the chances at 98 percent. How deep that recession goes is anyone’s guess at this ...
Cosmetic Surgery Is On The Rise With Technology And Hollywood Is At The Center Of It
Cropped image of female surgeon reaching for syringes on table. Close-up of healthcare worker’s hand … [+] wearing surgical glove. She is in emergency room. getty A 2021 report on North Am...
FTX says $415 million of crypto was hacked
FTX logo displayed on a phone screen is seen through the broken glass in this illustration photo taken in Krakow, Poland on November 14, 2022. Jakub Porzycki/NurPhoto via Getty Images Bankrupt crypto ...
SmileDirectClub stock rallies on cost cuts, workforce ‘realignment’
Shares of SmileDirectClub Inc. rallied after hours on Tuesday after the oral-care company said it planned a round of cost cuts and a “realignment” of its workforce — even as its sales forecasts came u...
Sell Microsoft Stock. The Software Giant Is Facing a Bad Economy, Says Analyst.
Guggenheim is getting more pessimistic about Microsoft stock on the risk of a slowing global economy. On Tuesday, analyst John DiFucci lowered his rating on software giant Microsoft (ticker: MSFT ) to...
Coinbase Stock Is Soaring. It Might Be a Haven in a Wild Crypto Market.
Coinbase Global stock continued its winning streak on Tuesday, rising alongside the price of Bitcoin and on the back of a strong analyst endorsement. Coinbase (ticker: COIN) has already had a busy sta...
The 1980s was the blueprint for the upcoming disinflation cycle and these are the stocks for it, strategists say
Stocks logged a third-straight losing session on Thursday as investors continue to deal with a mixed bag of economic data. That followed Wednesday’s session and extremely weak industrial production th...