Binance CEO Changpeng Zhao speaking at a press conference during Web Summit 2022. Ben Mcshane | Sportsfile | Getty Images Binance’s agreement to salvage rival cryptocurrency exchange FTX from co...
Tag: Technology
Tom Brady and Steph Curry Among Stars Caught up in Crypto Drama
Sports teams welcomed the multi-million dollar partnerships in 2021 from cryptocurrency companies like FTX, an exchange to trade digital assets. The abrupt downfall and the pending acquisition of FTX,...
We’re fed up after Disney’s terrible quarter and streaming losses. It’s time for some big changes
Disney (DIS) reported weaker-than-expected fiscal fourth-quarter results after the closing bell Tuesday. We are shocked and stunned by the poor performance, and we’re certainly not alone. The st...
Lionel Messi takes stake in NFT fantasy soccer game Sorare
Soccer star Lionel Messi has joined NFT trading platform Sorare as an investor and brand ambassador. Sorare Soccer star Lionel Messi is joining Sorare, the French nonfungible token trading game, as an...
Binance Takeover of FTX Is a Huge Red Flag for Crypto
One of the most dangerous moments in any hurricane is when the eye passes. Gale winds give way to calm, tempting those hunkering down to come out and assess the damage only to find that more of the st...
Plug Power results come in below Street view following warning
Plug Power Inc. shares fluctuated between small gains and losses in the extended session Tuesday after the hydrogen- and fuel-cell systems company made good on its warning a few weeks ago and results ...
Robinhood Collapses Following Difficulties of Savior
Sam Bankman-Fried bought a 7.6% stake in May in Robinhood, a brokerage meant to attract Millennial investors who sought to invest in cryptocurrencies. But Bankman-Fried, the founder of FTX, a popular ...
Lucid (LCID) earnings Q3 2022
Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Electric vehicle maker Lucid Group on Tue...
Disney’s weak revenue and profit eclipse streaming subscriber growth
The Disney+ Marvel website home screen on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Gabby Jones | Bloomberg | Getty Images The biggest companies in media and...
Wells Fargo Embroiled in Yet Another Scandal
Sending money to family or making a rent payment through Zelle has many perks — it is immediate and does not come with the fees commanded by many traditional e-transfers. The instant payment ser...
Space company announces layoffs amid rocket delay
Astra CEO Chris Kemp speaks inside the company’s headquarters during the company’s “Spacetech Day” on May 12, 2022. Brady Kenniston / Astra Astra announced Tuesday it would lay...
Oil, Club news, Disney earnings
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 Tuesday’s key moments. Oil in focus Quick mention...
Nvidia Stock Jumps On Report New Chip Designed for China Market
Updated at 10:08 am EST Nvidia Corp. (NVDA) shares moved firmly higher Tuesday following a report suggesting the chipmaker had developed a new semiconductor it could sell to customers in China witho...
Healthcare Blockchain Technology
After transforming and improving several significant industries, blockchain technology is now advancing a range of innovative solutions in the healthcare field. Its contributions are invaluable for pa...
Foxconn investment to boost EV production
Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio, on Saturday, May 15, 2021. Dustin Franz | Bloomberg | Getty Images Struggling electric truck startup Lordstown Motors still plan...
Blockchain Technology in Business Operations
The world has seen a multitude of changes when it comes to business. Different business processes with other uses have swept the stage and have given birth to digitalization. Digitalization has come f...
Alibaba’s international arm invests millions into South Korea expansion
Alibaba’s international e-commerce platform AliExpress has expanded in South Korea and Brazil, in addition to Europe. Pictured here is an AliExpress locker in Poland in July 2022. Nurphoto | Nur...
Microsoft Deal, Not Earnings, Is the Focus for Activision Stock
Wall Street barely reacted to Activision Blizzard’s third-quarter results on Monday because investors are much more focused its deal to be acquired by Microsoft for $69 billion in cash. Activision Bli...
$25 million raise, revised outlook
Virgin Orbit’s modified 747 jet “Cosmic Girl” releases the company’s LauncherOne rocket for a mission on January 13, 2022. Virgin Orbit Virgin Orbit raised $25 million, the com...
SpaceX adds data restrictions to Starlink satellite internet service
SpaceX CEO Elon Musk speaking about the Starlink project at MWC hybrid Keynote during the second day of Mobile World Congress on June 29, 2021 in Barcelona, Spain. Nurphoto | Nurphoto | Getty Images E...
Activision Stock Higher As Call of Duty Powers Q3 Earnings Beat
Activision Blizzard (ATVI) posted stronger-than-expected third quarter earnings Monday and said its planned $69 billion takeover by Microsoft (MSFT) is expected to be completed by the middle of ne...
Digital Ocean Earnings Raise More Big Questions About the Cloud
DigitalOcean posted better-than-expected third quarter results, but the provider of cloud-based computing service to small- and medium-size businesses offered guidance for the fourth quarter that fell...
Cathie Wood Watch: Ark Buys DraftKings Amid big Drop
Famed investor Cathie Wood bought shares of two major companies and sold shares of two others Nov. 4, continuing her double-sided trading pattern. The chief executive of Ark Investment Management acqu...
Semiconductor stocks have bounced from 2022 lows — and analysts expect upside of at least 28% in the next year
For investors aiming to take advantage of stock market declines, the obvious question is: How far is too far for stocks to fall? The semiconductor industry, a standout performer during the reopening o...