GM Chair and CEO Mary Barra addresses investors Oct. 6, 2021 at the GM Tech Center in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — In September 2017, General Motors CEO Mary Bar...
Tag: Technology
Micron Stock Is Slipping. Morgan Stanley Turned Bearish.
Text size Morgan Stanley analyst Joseph Moore downgraded Micron to Underweight from Equal Weight. Dreamstime Micron Technology stock is lower Friday after Morgan Stanley analyst Joseph Moore issued a ...
Apple and Microsoft Report Earnings Next Week. Can a Fed Rate Hike Top Them?
Text size Earnings from Big Tech are next week. But so is the Federal Reserve’s announcement on interest rates. Krisztian Bocsi/Bloomberg Big Tech earnings season will shift into fifth gear next...
A West Coast port worker union is fighting robots. The stakes are high
Shipping containers are transported by automated guided vehicles (AGV) beside gantry cranes on the dockside at the Delta Terminal, operated by Europe Container Terminals BV (ECT), at the Port of Rotte...
Crypto: A Bernie Madoff-Style Scheme May Have Crushed Prominent Lenders
An unprecedented crisis of confidence has affected the crypto industry for several months. To measure it, just consider the prices of cryptocurrencies, which are often attached to a platform or a pro...
Verizon shares fall after company cuts full-year forecast
A Verizon store in San Francisco, California, U.S., on Tuesday, July 20, 2021. Bloomberg | Getty Images Shares of Verizon fell Friday after the company reported second-quarter earnings that fell shy o...
Blockchain technology is transforming the real estate market – Cointelegraph Magazine
Property is the world’s single largest store of wealth, and if the cryptocurrency and blockchain world is seeking an express route to mass adoption, it could do worse than partnering with the real est...
The Best Tech CEOs: What Matters Most
Text size Shopify CEO Tobi Lütke spent years programming before he co-founded the e-commerce software firm. He has said he knows how long projects will take—and which initiatives to choose—because of ...
Crypto: Trump’s ex-Ally’s Bitcoin Troubles Worsen
The past few days have been eventful for Anthony Scaramucci, the former White House communications director under Donald Trump. He spent 11 days in the role. “The Mooch,” as he is nickname...
DeFi Is Betting Big on ‘Zero Knowledge’ — Is the Technology Ready?
Polygon’s open-source zkEVM code is incomplete “We’re not at the point where any team has a zkEVM prover that works,” an Arbitrum developer said Within 36 hours this past week, Polygon, zkSync and Scr...
Verizon Stock Set for Worst Week Since 2008. Time to Buy?
Yesterday it was AT&T (T) – Get AT&T Inc. Report; today it’s Verizon (VZ) – Get Verizon Communications Inc. Report. The stocks of the country’s two largest telecom companies are...
It’s the end of ‘fantasyland’ for Big Tech and its workers
After Big Tech grew in unprecedented and unchecked fashion for a decade, building ostentatious palaces to house growing workforces while plying them luxuriant freebies to keep them from defecting to r...
Verizon Stock Falls Sharply on Cut to Earnings Guidance
Text size Verizon said wireless revenue growth for the year will be between 8.5% to 9.5%, lower than previous guidance. David Paul Morris/Bloomberg Verizon Communications posted second-quarter earning...
Coinbase blasts SEC over insider trading case
Coinbase signage in New York’s Times Square during the company’s initial public offering on the Nasdaq on April 14, 2021. Robert Nickelsberg | Getty Images Coinbase pushed back on claims f...
Ripple Remittance Technology Launches on Shopify via Airwallex’s New Online App
Contents RippleX announces XRPL Grants Wave 3 recipients Ripple speaks on NFT expansion Ripple user Airwallex has announced the launch of its Airwallex Online Payments App on Shopify. Ravi Adusumilli,...
Opinion: The cloud boom is coming back to earth, and that could be scary for tech stocks
Cloud computing is widely viewed as a recession-resistant business, but the theory has not really been tested since cloud-service providers have not experienced a major economic downturn since becomin...
How Amazon’s $3.9 billion wager on primary care could change your Prime membership
Amazon’s AMZN, +1.52% $3.9 billion acquisition of One Medical ONEM, +69.45% is the e-commerce giant’s biggest bet on healthcare to date, and it hints at a future in which primary care and streaming op...
Seagate’s Earnings Miss Estimates as Demand for Disk Drives Worsens
Text size A Seagate hard drive from an Apple laptop computer. Demand is weakening in consumer-related markets. Brent Lwein/Bloomberg The disk-drive company Seagate Technology posted sales and profits ...
Minecraft Stays Away from NFTs as Game Developers Call New Technology “Not Inclusive”
Arman Shirinyan Minecraft will remain user-friendly as company behind game decides to stay away from NFTs As the most recent news article on Minecraft’s official website suggests, the game devel...
Palantir stock’s ‘strength will prove unsustainable,’ analyst says in downgrade
Palantir Technologies Inc. shares are up nearly 50% from their May lows, but one analyst worries that “this strength will prove unsustainable.” Monness, Crespi, Hardt & Co. analyst Brian White dow...