Oracle shares were moving higher late Monday after the company posted better-than-expected financial results for its latest quarter. The enterprise software giant continued to see success in shifting ...
Tag: Technology
These are the 5 most damning things FTX’s CEO has to say about Sam Bankman-Fried
Sam Bankman-Fried’s management of FTX was an “utter failure” that lacked any level of financial control and allowed his family-office trading vehicle, Alameda Research, to raid the crypto exchange’s c...
Crypto Problems Grow: Binance Might Face Money-Laundering Charges
The end of the year is proving very eventful, even tumultuous, for the crypto industry. The fledgling blockchain-powered financial-services industry is still wondering what and who will be the collate...
Indonesia NFT Market Intelligence and Future Growth Dynamics Report 2022: Startups are Using Emerging Blockchain 5.0 Technology to Launch the NFT Marketplace in Indonesia – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Indonesia NFT Market Intelligence and Future Growth Dynamics Databook – 50+ KPIs on NFT Investments by Key Assets, Currency, Sales Channels – Q2 2022” report has been added...
Nvidia Stock Runs Into Resistance. Here’s How to Trade It Now.
Nvidia (NVDA) – Get Free Report stock slumped earlier this year, but it has found its footing and enjoyed a monstrous rally. The graphics-chip specialist’s shares bottomed on Oct. 13. Sin...
Elon Musk is no longer the richest person in the world
SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, June 13, 2019. Mike Bl...
Binance and Its CEO at Risk of Criminal Charges Over AML Rules: Report
The cryptocurrency exchange Binance and executives including CEO Changpeng Zhao are at risk of U.S. criminal charges over compliance with U.S. money-laundering laws and sanctions, according to a repor...
Rivian Suffers a Huge Setback in Battle Against Tesla
It’s an announcement that is somewhat like a thunderbolt in the automotive industry. Three months ago, Rivian, which aims to challenge Tesla in the race for electric vehicles, announced with fan...
Crypto: Bieber, Madonna, Steph Curry, Snoop Dogg in Big Trouble
The adventure of celebrities in the crypto space is turning into a real nightmare. After lawsuits against billionaire Mark Cuban along with bankrupt crypto lender Voyager Digital, Tom Brady, Steph Cur...
Terraform Labs co-founder Do Kwon reportedly hiding in Serbia
South Korean prosecutors said Monday that fugitive crypto executive Do Kwon is hiding in Serbia, according to reports. The prosecutors are working with authorities in Serbia to locate him, the Financi...
Rivian Pauses Its Electric Van Tie-Up With Mercedes
Rivian Automotive has paused its joint venture to build commercial vans with Mercedes-Benz Group in Europe just three months after it was announced. The electric-vehicle maker, whose stock has collaps...
Horizon Therapeutics, Coupa Software, Rivian, and More Stock Market Movers
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Tesla Mega packs, giant hydrogen tank: Panasonic’s new climate factory
As a bullet train speeds by in the background, a liquid hydrogen tank towers over solar panels and hydrogen fuel cells at Panasonic’s Kusatsu plant in Japan. Combined with a Tesla Megapack stora...
SpaceX launches Japanese ispace lunar lander first mission
A long exposure photo shows the path of SpaceX’s Falcon 9 rocket as it launched the ispace mission on Dec. 11, 2022, with the rocket booster’s return and landing visible as well. SpaceX Ja...
NASA completes Artemis I moon mission with Orion capsule splash down
The Orion capsule splashes down in the Pacific Ocean on December 11, 2022. NASA TV NASA’s Orion spacecraft splashed down in the Pacific Ocean off the coast of Baja California, Mexico on Sunday, ...
A home energy upgrade that’s becoming a climate and financial winner
Heat pumps are becoming more popular for residential housing with energy prices increasing and the need to reduce use of fossil fuel heating systems. Andrew Aitchison | In Pictures | Getty Images Thin...
Electric school buses give kids a cleaner, but costlier, ride
BEVERLY, Mass. — It’s a gray November morning, and we’re on board a long, yellow school bus. The bus bounces over this Boston suburb’s patched streets in a way that would be familiar...
Netflix Stock Has Lost Almost Half Its Value. Why It Could Make a 2023 Comeback.
Netflix has had a tough run this year. But a number of Wall Street analysts are confident for a recovery in 2023, piling up bullish ratings on the stock. On Friday, Wells Fargo analyst Steven Cahall u...
The Fed Could Drive Bitcoin to $18,000 or Unleash More Selling Pressure
Cryptocurrency prices including Bitcoin drifted slightly higher Saturday ahead of an eventful macro week for markets. Highly anticipated inflation data and a likely increase in interest rates from the...
Tech Stocks Could Keep Falling but IAC Stock Already Looks Like a Buy
With the Nasdaq Composite down more than 30% over the past 12 months, almost every tech stock is cheaper than a year ago, and there is temptation to bottom-fish. There’s a big difference between cheap...
Survival Lessons From Past Tech Downturns
People who have been in the tech industry long enough to remember its previous major downturns have a message for those facing the current one: Decisions made now will determine who survives—and lay t...
The Block CEO showed ‘serious lack of judgment’ in taking loans from FTX’s Sam Bankman-Fried and not disclosing them
The fallout from the implosion of FTX continues, with crypto publication The Block on Friday announcing that Michael McCaffrey has stepped down as its chief executive officer after failing to disclose...
Elon Musk Sounds a Dire Warning About the Economy
Elon Musk is worried about the economy. For several months now, the richest man in the world has continued to sound the alarm, warning that the economy risks a deep recession if the central bank̵...
Short selling giant Jim Chanos is still short on Coinbase, Tesla and the FOMO-investment market
Short selling giant Jim Chanos is still pretty bearish on a number of stocks including Coinbase and Tesla, he said on Thursday. In a Twitter Spaces conversation, Chanos was asked about the FTX fiasco ...
Anti-Tesla Investors Hit The Jackpot
This is an exceptional year for investors who have bet on Tesla’s short-term stock market crash. The electric vehicle maker is one of the shortest companies on Wall Street. Short selling stock ...
TSMC Makes a $40 Billion Bet on U.S.-Made Chips. Don’t Declare Victory Yet.
This past Tuesday, Taiwan Semiconductor Manufacturing announced that it would expand its investments in Arizona to more than $40 billion—from its initial $12 billion commitment. TSMC’s first Arizona f...
A Look Back at Cathie Wood’s Disastrous Year
Celebrity money manager Cathie Wood, chief executive of Ark Investment Management, has offered plenty of interesting ideas about the economy and stock market this year. But for her clients, Mama Cathi...
One company could determine if U.S. corporate profits rise to a record next year
As Wall Street looks toward 2023, earnings growth for the companies that make up the S&P 500 index could hinge on just one of them: Amazon.com Inc. Amazon AMZN, -1.39%, the online retail giant who...