Compounding a disastrous year for Bitcoin and other cryptocurrency: IRS proposes controversial new question about digital assets

The Internal Revenue Service could have a potential head-scratcher of a question about your crypto investments and what’s taxable, according to a major accountants’ association. For two years, the IRS...

Chinese E-Commerce Companies Suffer as Economy Sours

Chinese consumers are cutting back on discretionary purchases and becoming more thrifty as the country’s economic slowdown drags on, impeding the once-inexorable growth of the country’s e-commerce com...

Forget Bitcoin. Interest in Ether Is Booming Ahead of ‘The Merge.’

Investors have flocked into Ether trades as a critical upgrade to one of crypto’s most crucial networks looms large this month, setting the stage for volatility in the days and weeks to come. Set to b...

Mayo Clinic uses blockchain technology to run clinical trials

Join Our Telegram channel to stay up to date on breaking news coverage Triall, a blockchain startup based in the Netherlands, has partnered with a non-profit medical firm, Mayo Clinic. The partnership...

Ethereum Aims to Become the Internet of Crypto With ‘The Merge’

If Bitcoin is crypto’s answer to gold, Ethereum is the closest thing it has to its own internet. Anyone who wants to mint a new token, launch a crypto app, or spend $150,000 on a Bored Ape nonfungible...

Elon Musk Takes on a Wall Street Giant

Elon Musk fears neither his competitors nor the regulators.  The CEO of Tesla  (TSLA) has not hesitated to attack the powerful US Securities and Exchange Commission (SEC) with which he has had a storm...

AMD and Nvidia Are Hurting; Better Check the Charts

Chip stocks, particularly Advanced Micro Devices  (AMD)  and Nvidia  (NVDA) , are getting crushed on Sept 1.  While the broader market selloff certainly doesn’t help matters, these stocks are under pr...

Li Auto’s Awful Deliveries Send Tesla Stock Lower

Text size Citigroup analyst Jeff Chung believes August and September sales are important for Chinese EV stocks. Hector Retamal/AFP via Getty Images Demand for electric vehicles in China is wavering. T...

Bull Market or Bear Market. Investors Are Trying to Decide

GMO’s Jeremy Grantham has warned of a ‘superbubble’ that’s about to burst. Lane Turner/The Boston Globe/Getty Images Text size Unlike traders, the most stressful part of my day comes at 4 p.m., just a...

Nvidia and AMD Stock Tumble as U.S. Limits Exports to China

Text size Nvidia’s A100 chips are used in data centers for high-performance applications such as artificial intelligence. Courtesy NVIDIA Nvidia can’t catch a break. Late Wednesday, the chip mak...

Facebook and Snap Stock are Both Cheap. Why Shares May Still Struggle.

Social media may be the most influential innovation of the 21st century. In 2022, if an event doesn’t make it to a social feed, it never really happened, like the tree that falls in a forest with no a...

The technology that can revolutionize South East Asia’s economy

Regulators in South East Asia have become increasingly hawkish on digital assets such as Bitcoin and other cryptocurrencies. On the 9th of August, Thai Finance Minister Arkhom Termpittayapaisith annou...

CVS Is in Advanced Talks to Buy Signify Health for Around $8 Billion

CVS Health is in advanced talks to acquire the home-healthcare company Signify Health for around $8 billion, according to people familiar with the matter. CVS appears to have beat out other heavy hitt...

MicroStrategy’s Michael Saylor Sued for Alleged Tax Fraud in Washington, D.C.

By Vicky Ge Huang and Richard Rubin Aug. 31, 2022 6:17 pm ET Listen to article (2 minutes) The District of Columbia attorney general sued Michael Saylor, the founder and chairman of software intellige...

Mayo Clinic taps into blockchain technology for clinical trial design

On Thursday, Dutch blockchain startup Triall announced that it has partnered with American nonprofit medical center Mayo Clinic to optimize clinical trial design and the management of study data. Star...

Cathie Wood Sells Tesla Stock, Buys Nvidia After Chip Maker’s Tough Day

Text size Cathie Wood’s ARK sold Tesla and bought Nvidia shares in three of its exchange-traded funds on Thursday. Getty Images Cathie Wood seems to have used Nvidia ’s tough day to buy more sto...

Nvidia Selloff Is an ‘Overreaction,’ Analyst Says. The Stock Is Still a Buy.

Text size An analyst said a selloff in shares of Nvidia on Thursday presents a ‘particular buying opportunity.’ (Photo by Justin Sullivan/Getty Images) Getty Images Shares of Nvidia fell n...

Europe’s Public Markets Offer Happy Hunting Grounds For Private Tech Investors

The expansion of private markets – and the ready availability of capital to technology companies without having to list their shares publicly – has been a key development shaping the global digital ec...

Apple decimated Meta’s adtech empire. Now, it’s honing in on its advertisers

In terms of Silicon Valley feuds, you’d be hard pressed to find one that’s spicier than the years-long battle between Meta and Apple. Meta Platforms CEO Mark Zuckerberg started steering his company to...

After selling Nvidia last month, Cathie Wood’s ARK snaps up graphic chipmaker’s stock as it hits 52-week low

That was a quick turnaround. After cutting its stake in Nvidia ahead of the graphic chipmaker’s results last month, Cathie Wood’s ARK Invest has now bought the stock in three of the company’s funds. T...

Cathie Wood Trades Tesla Stock for Nvidia After the Chip Maker’s Tough Day

Text size Cathie Wood’s ARK sold Tesla and bought Nvidia shares in three of its exchange-traded funds on Thursday. Getty Images Cathie Wood seems to have used Nvidia ’s tough day to buy more sto...

China’s electric car companies are safe from the U.S. Nvidia chip ban

Nvidia has found success in China by selling automotive chips to the country’s electric car companies. But the U.S. semiconductor giant has been restricted from sending some products to China. S...

Why a Bearish Money Manager Likes Gambling Stocks and Is Ready to Dump Apple

Dan Niles thinks the stock market is headed lower. Maybe a lot lower. A Stanford University–trained electrical engineer who once worked at the old minicomputer giant Digital Equipment, Niles has focus...

Toyota Is Upping Its EV Game to Catch GM, Ford, and Tesla

Text size An all-electric 2023 BZ4X from Toyota. The company sold only 14,000 all-electric vehicles in 2021. Courtesy of Toyota The automotive giant Toyota Motor is starting to pivot away from hybrid ...

Broadcom CEO defends optimistic ‘true demand’ outlook as PC, smartphone sales slide

Broadcom Inc.’s chief executive on Thursday defended his positive outlook that end-market demand is “solid” for the rest of the year as Wall Street analysts questioned that optimism amid a cooling of ...

Nvidia’s ‘China Syndrome’: Is the stock melting down?

Like the nuclear reactor in the 1979 film “The China Syndrome,” Nvidia Corp.’s share price and sales forecast have been melting down, and a sales ban of artificial-intelligence chips to China is the l...

Michael ‘Big Short’ Burry Makes Another Dire Prediction

Michael Burry rose to fame after the 2015 film “The Big Short” depicted his bet on the subprime-mortgage meltdown, which sparked the 2008 financial crisis.  The financier has since become ...

Donald Trump’s Social-Media Company Is in Big Trouble

Donald Trump has never hidden his objective in launching Truth Social: to disrupt the hegemony of the giants of Silicon Valley.  The former president did not take well to what appeared to be a humilia...

Mayo Clinic to use blockchain technology to trial clinical data design

US nonprofit medical center Mayo Clinic is to integrate blockchain technology to embed verifiable clinical data as part of a design trial involving 10 research sites and over 500 patients. For this pr...

GM’s Cruise recalls and updates self-driving software following crash

A robot car of the General Motors subsidiary Cruise is on a test drive. Andrej Sokolow | picture alliance | Getty Images General Motors’ autonomous vehicle unit Cruise has recalled and updated s...

The bear market in stocks has a long way to go, this money manager warns. Here are the 2 strategic moves he’s making.

As if everyone isn’t tense enough, bubble expert Jeremy Grantham is warning that we’re in the last throes of a superbubble that’s about to burst. (In fairness, he’s been crash calling for roughly a de...

Nio August EV deliveries grow while Xpeng, Li Auto fall; shares drop

Nio managed to grow deliveries of its electric vehicles in August versus July. However, rivals Li Auto and Xpeng saw a sharp fall in deliveries. EV players continue to face supply chain disruptions fo...