For crypto investors, the only thing to celebrate about 2022 is that it is almost over. The industry is fighting for its life amid a cascade of scandals, bankruptcies, and fury in Washington over its ...
Tag: Technology
Adobe Stock Rallies as Profits Top Expectations
Adobe shares gained ground after the provider of content development and marketing software tools posted better-than-expected quarterly profits. While the numbers for Adobe’s fiscal fourth quarter, en...
‘Big Short’ Michael Burry Sends an Alarming Warning to Investors
Investors are worried. They wonder whether we are in a recession or we are heading towards a recession. What will this sharp slowdown in economic activity look like as companies have started pausing ...
Comcast Doubles Down on a Shady Billing Practice (It Will Cost You)
Many Comcast (CMCSA) – Get Free Report customers have little decent choice when it comes to internet, and while streaming seems to have made a cable subscription optional, that’s not entir...
Binance CEO brushes off $2.1 billion FTX clawback concerns
Binance chief executive Changpeng “CZ” Zhao dismissed concerns that his company could have $2.1 billion clawed back as a result of FTX’s bankruptcy proceedings, in an appearance on S...
Qualcomm Stock Could Rise in 2023. J.P. Morgan Cites 3 Reasons Why.
Text size Qualcomm President and CEO Cristiano Amon. Ethan Miller/Getty Image J.P. Morgan predicts Qualcomm, a maker of mobile processors and 5G wireless chips, is primed for a comeback next year. On ...
Binance Crypto Exchange Faces Test as Customers Withdraw Funds
There’s nothing in crypto like the New York Stock Exchange, but if the industry has anything close, Coinbase Global and Binance fill that role. Coinbase (ticker: COIN) is based in the U.S. and provide...
Elon Musk sells another huge chunk of Tesla shares
Anadolu Agency | Anadolu Agency | Getty Images Tesla CEO Elon Musk sold about 22 million more shares in his electric vehicle business, which were worth around $3.6 billion, according to a financial fi...
Elon Musk Leans on Promises to Soothe Tesla Investors
Elon Musk knows he can no longer ignore the discontent rumbling among individual Tesla investors. The billionaire is seen as a guru by Tesla (TSLA) – Get Free Report fans and investors, who mo...
Record quarter as revenue climbs
Will Marshall, Co-Founder & CEO of Planet Inc., celebrates his company’s listing on the floor of the New York Stock Exchange (NYSE) in New York City, December 8, 2021. Brendan McDermid | Reute...
FTX’s new CEO John J. Ray making $1,300 an hour
John J. Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, arrives to a House Financial Services Committee hearing investigating the collapse of FTX in Washington, DC, on Tuesday...
Jim Cramer’s Investing Club meeting Wednesday: Fed decision, Qualcomm
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Don’t trade on Fed...
Bankman-Fried will sit in Bahamas prison until Feb. 8, 2023: Photos
TOPSHOT – FTX founder Sam Bankman-Fried (C) is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau, Bahamas on December 13, 2022. – Disgraced cryptocurrency tycoon ...
Why salaries in the United States don’t keep up with inflation
Inflation in the United States hit a record high in June 2022. Consumer prices soared by 9.1% compared with a year prior — the largest annual increase since 1981. While wages are rising, they’re...
Lucid Secures EV Batteries, But the Stock Falls Anyway
Electric vehicle start-up Lucid is securing electric-vehicle batteries ahead of its product line expansion. The stock isn’t getting any benefit though. Tesla might be to blame. On Tuesday, Lucid (tick...
Elon Musk Loses More Money Than Gates and Bezos
The net worth of billionaire Elon Musk continues to plummet, exceeding the amount of money that both Bill Gates and Jeff Bezos have lost in 2022. As shares of Tesla (TSLA) – Get Free Report, th...
Oracle’s ‘practically perfect’ earnings report sends stock higher
Oracle Corp.’s cloud offerings and its Cerner business were highlights of the software company’s second-quarter results, analysts say. Oracle ORCL, -0.89% beat Wall Street’s top- and bottom-line expec...
Tesla stock down 28% since Elon Musk took over Twitter
CEO of Tesla Motors Elon Musk speaks at the Tesla Giga Texas manufacturing “Cyber Rodeo” grand opening party in Austin, Texas, on April 7, 2022. Suzanne Cordeiro | AFP | Getty Images Share...
Elon Musk Stands Up For Tesla
Tesla is completely lost on Wall Street. The electric vehicle manufacturer is having a dark year in the stock market. And those difficulties worsened on Dec. 13 with another sharp drop in the stock p...
Buy or Sell AMD Stock? The Chart Provides a Clue.
Growth and technology investors are anxiously awaiting the return of stocks like Advanced Micro Devices (AMD) – Get Free Report, Nvidia (NVDA) – Get Free Report and others. As for Nvidia...
FTX fallout continues with Bankman-Fried arrest. But where is former Alameda CEO Caroline Ellison?
FTX founder Sam Bankman-Fried is squarely in the spotlight following his arrest in the Bahamas, but attention is also focused on the whereabouts of Caroline Ellison, former CEO of Alameda Research, th...
Hybrid Entertainment and Technology Company Trioscope Secures Bridge Funding From Entertainment Development Collective KRAFTON, Inc.
LOS ANGELES–(BUSINESS WIRE)–#krafton—Trioscope, the groundbreaking entertainment and technology company behind Netflix’s The Liberator, today announced it has closed the first tranche of bridge financ...
Why you’ve been getting so much Gmail spam about Yeti coolers
The Yeti logo is seen on a cooler for sale at the company’s flagship store in Austin, Texas. Sergio Flores | Bloomberg | Getty Images Over the past few months, Americans have been receiving emai...
CFTC piles on with new charges against Bankman-Fried
FTX logo on mobile screen with crypto coins are displayed for illustration. Jonathan Raa | Nurphoto | Getty Images Charges continue to mount for disgraced FTX co-founder Sam Bankman-Fried, with the Co...
Horizen Labs Appoints Zain Cheng as Chief Technology Officer
Expanded role includes scaling the Horizen team and reimagining the Horizen ecosystem NEW YORK–(BUSINESS WIRE)–Horizen Labs, a leading blockchain innovator securing the world’s transition to Web3, ann...
FTX executives spent $256 million on Bahamas real estate
The Bahamas has more than 700 islands and cays; remote workers and students can live on 16 of them, including Eleuthera (shown here). Sylvain Sonnet | The Image Bank | Getty Images Bahhamian lawyers s...
Nvidia stock is top pick as ‘fundamental bottom’ nears for chips, analyst says
After a semiconductor shortage flipped into a glut in 2022, chip stocks are headed for a strong entry point and will lead the broader market in the new year, with Nvidia Corp. the best pick among them...