Mergers in software may be about to break out. Top investment banker Rick Sherlund of Bank of America sees a wave of struggling companies putting themselves up for sale at cheaper prices due to the ec...
Tag: Technology
Frontier Airlines recently held talks with SpaceX about adding Starlink Wi-Fi
A Frontier Airlines airplane taxis to a gate at Denver International Airport in Denver, Colorado, U.S., on Monday, Feb. 7, 2022. Michael Ciaglo | Bloomberg | Getty Images Frontier Airlines “rece...
Walmart, Target Urge Lawmakers to Pass Bill Taking Aim at Visa, Mastercard Fees
More than 1,600 merchants including Walmart and Target are urging U.S. lawmakers to pass legislation that aims to break the hold that Visa and Mastercard have over the credit-card market. The bill, wh...
PayPal’s New CFO Takes Leave of Absence
Text size PayPal is in the midst of a turnaround after the company was forced to retreat from some of its more ambitious growth goals earlier this year. Justin Sullivan/Getty Images PayPal ’s new chie...
Cash Is No Longer Trash. T-Bill Yields Near 4%.
Text size After years of yielding near zero, cash is suddenly a better investment. Eva Hambach/AFP via Getty Images Cash is no longer trash. For the first time in 15 years, investors can get nearly 4%...
Tesla spent 864 days as Wall Street’s biggest short bet. Now it’s Apple.
A previous version of this piece incorrectly reported Apple’s and Tesla’s market caps. Apple Inc. is now Wall Street’s biggest short bet, displacing Tesla Inc., which had held the title nonstop since ...
Verizon is ‘not going to throw away money’ to woo consumers with cheaper phones, CEO says
In a competitive market for wireless deals, Verizon Communications Inc.’s chief executive says the company is “not going to throw away money” on promotions. The company recently rolled out its deals f...
SWIFT Payment System Embraces Blockchain Technology
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is making a targeted move to integrate blockchain technology in a bid to drive efficiency in some of its international financial...
Cardano (ADA) Named Top Crypto Project Considering ‘Technology Development’
Every top crypto project may have spent millions on developments and upgrades to scale up their business or to achieve efficiency. But, Cardano (ADA) appears as a leading project by ‘Technology Develo...
Bad News Is Piling Up for Chip Makers
The months follow one another and look alike for the manufacturers of semiconductors. There is an ongoing cycle of bad news for these companies whose chips power almost all the technological hardware ...
Biden announces first round of funding for EV charging network across 35 states
President Joe Biden announced Wednesday the release of the first round of funding for a nationwide electric vehicle charging network, financing the construction of stations in 35 states. “I̵...
Elon Musk Reiterates His Worst Nightmare for The Economy
The markets are slumping as investors worry about the consequences of the Federal Reserve’s aggressive interest-rate hikes, designed to fight an inflation rate that’s the highest in 40 yea...
Stay diversified, watch these stocks, why we made a trim
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. Keep portfolios diversif...
GameStop Gods Unchained NFT trading cards to loyalty program perks in digital world push
Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, Jan. 28, 2021, in the Manhattan borough of New York. John Minchillo | AP GameStop is adding NFT trading cards for the virtua...
SpaceX Starship has potential but not ready yet
Starship prototype #24 conducts a test firing of six of its Raptor engines at the company’s facility near Brownsville, Texas on Sept. 8, 2022. SpaceX PARIS — The leader of a Northrop Grumman sub...
Ankr and ssv.network announce advanced validator technology integration
Multichain Web3 and DeFi infrastructure provider Ankr and distributed validator technology infrastructure protocol ssv.network announced a strategic partnership, under which the former will integrate ...
Next Fed rate hike to spark dangerous game in economy: Peter Boockvar
The market’s violent reaction to hotter-than-expected inflation may usher in more losses. Investor Peter Boockvar believes Wall Street is coming to grips with a painful reality: Inflation isn...
PayPal is ‘clearly now at a turning point,’ its CEO says
“It’s an uncertain macroeconomic environment, but I think we finally got the guidance right, and we’re executing against that.” — PayPal CEO Dan Schulman Pandemic darling PayPal Holdings Inc. PYPL, -2...
Norway Releases Source Code for Digital Krone Sandbox, Utilizes Ethereum Technology – Finance Bitcoin News
A crypto company working with the central bank of Norway has published the source code for the sandbox created to trial the digital version of the Nordic nation’s fiat currency. The prototype digital ...
Taiwan Semiconductor Is a Top Pick in a Weak Chip Market, Says Analyst
Text size The Taiwan Semiconductor Manufacturing building in Taichung, Taiwan. I-Hwa Cheng/Bloomberg Bernstein believes investors should look through any immediate hiccups and focus on Taiwan Semicond...
What proprietary technology can connect billions to the Internet?
The internet is a necessity in the current digital era. One can easily argue for the role of reliable internet coverage in improving the quality of life of individuals and the development of nations. ...
Seagate Warns Disk Drive Demand Continues to Erode
Text size Seagate has been hurt by weakening demand for its disk drives in China, among other places. Dreamstime Seagate Technology continues to see weakening demand across the disk-drive business, CE...
These five stocks in the S&P 500 lost almost half a trillion dollars in value in one day amid widespread wipeout
A decline in gasoline prices couldn’t mask the problem that spooked investors on Sept. 13: Core consumer prices resumed their rapid increase during August. Fear of the Federal Reserve’s ongoing tighte...
Tesla Talks About a Lower-Priced Car. When It’s Coming.
Text size If it wasn’t for lousy inflation data, Tesla bulls might be feeling very happy with the company. Getty Images Tesla stock is down with the rest of the market on a bad day for stocks. T...
Apple is now the market’s most-shorted stock. If Tesla is an example, that’s bullish.
Apple shareholders need not worry that it’s the most-shorted U.S. stock. I’m referring to the report from short-seller analytics firm S3 Partners that, after 864 days in which Tesla TSLA, +0.38% was a...