Text size Wall Street seems to think the merger is a good deal for IronSource stock, which surged. Angela WeissAFP/Getty Images Unity Software will take over IronSource in an all-stock $4.4 billion me...
Tag: Technology
Alibaba And Tencent Fined In China Tech Crackdown
Getty Images Key takeaways Stocks in China plunged Monday as the country’s anti-monopoly authority announced multiple fines for failure to report past merger activities Alibaba and Tencent (a Chinese ...
Tesla Rival Rivian Makes Big and Deep Changes
Rivian ( (RIVN) – Get Rivian Automotive Inc. Report) is in the process of launching a major restructuring to become more “nimble” to weather a difficult period for the automotive ind...
Polestar confirms it’s on track to meet 2022 deliveries guidance
Attendees view a Polestar 2 electric vehicle (EV) during the Electrify Expo in Irvine, California, U.S., on Saturday, Sept. 18, 2021. Jill Connelly | Bloomberg | Getty Images Swedish electric vehicle ...
Nike is making a strategic shift in how it makes NCAA fan apparel
A Nike logo shown on a Baylor University long sleeve shirt. Nike, which has apparel and equipment deals with many college sports programs, is entering into a deal with Fanatics for college fan apparel...
Tech can’t remove all financial risks, crypto regulation needed: BOE
Regulators need to “get on with the job” of bringing the use of crypto technologies within the “regulatory perimeter,” says Jon Cunliffe, Bank of England’s deputy governo...
Walmart Gives Embattled Tesla Rival Canoo a Lifeline
Canoo (GOEV) – Get Canoo Inc. Report, a young electric-vehicle manufacturer navigating serious financial stresses, got a lifeline just when it needed it. The financial problems have clouded Can...
Tesla Is Doing to Car Makers What Apple Did to Nokia. Will History Repeat?
Text size Volkswagen’s software delays underscore why Tesla will be so hard to catch, according to one analyst. Sean Gallup/Getty Images Tesla is disrupting the car business, a little like how A...
Cathie Wood Watch: Ark Buys Big Into Biotech
Renowned investor Cathie Wood, chief executive of Ark Investment Management, on Monday purchased a heavy dose of biotechnology stocks. All valuations below are as of Monday’s close. Ark funds bought 8...
Nvidia Stock-Price Cuts Pile Up as Street Worries Over Gaming, Crypto Risks
Text size An Nvidia GeForce RTX 3060 Ti gaming graphics card. Courtesy of Nvidia Wall Street analysts are falling over themselves slashing their projections for Nvidia. In April, Barron’s cautioned in...
ServiceNow sinks after CEO warns global tech firms won’t be able to outrun strong dollar
The strong U.S. dollar is a drag against technology brands in an environment already battered by fierce macro headwinds, ServiceNow CEO Bill McDermott told CNBC’s Jim Cramer. “You’re...
Vleppo and Tokel Make NFT Rights Legally Enforceable Leveraging Komodo Technology
[PRESS RELEASE – Kongens Lyngby, Denmark, 12th July, 2022] A long-standing problem confronting the blockchain world and NFT owners is the distinct lack of contractual clarity and legal rights in the e...
Canoo Walmart deal for 4,500 vans sends EV stock jumping
Walmart to Purchase 4,500 Canoo Electric Delivery Vehicles to be Used for Last Mile Deliveries in Support of Its Growing eCommerce Business Courtesy: Canoo | Walmart Electric vehicle startup Canoo sai...
Electric vehicle startup Lordstown Motors names new CEO following Foxconn deal
Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio, on Saturday, May 15, 2021. Dustin Franz | Bloomberg | Getty Images Electric vehicle startup Lordstown Motors said Tuesday that i...
Elon Musk says it’s time for Trump to ‘sail into the sunset’
Tesla and SpaceX CEO Elon Musk said Monday that he thinks former President Donald Trump should, “hang up his hat & sail into the sunset.” Writing on Twitter, where Musk has more than 1...
Goldman Sachs hires Alphabet tech incubator CEO Jared Cohen for new innovation group
Jared Cohen Anjali Sundaram | CNBC Goldman Sachs CEO David Solomon has hired another senior executive from the technology sector. The investment bank is adding Alphabet‘s Jared Cohen, a protege ...
Vleppo and Tokel make NFT rights legally enforceable in the real world leveraging Komodo technology
Kongens Lyngby, Denmark, 12th July, 2022, Chainwire A long-standing problem confronting the blockchain world and NFT owners is the distinct lack of contractual clarity and legal rights in the enforcem...
Sports Betting Company Cipher Sports Technology Group Raises $5 Million Series A Round
In this Sept. 9, 2018 photo, customers watch sports on a giant screen at the sports book of the … [+] Ocean Resort Casino in Atlantic City, N.J. Panelists at a gambling conference in Atlantic Ci...
Tesla Rival Rivian Considers a Major Move
Rivian ( (RIVN) – Get Rivian Automotive Inc. Report) is preparing for the tough times ahead. The young manufacturer of electric vehicles, considered one of Tesla’s ( (TSLA) – Get Te...
Semis: AMD, Nvidia Picture Bleaker
The semiconductor sector bounced back during the past week as news from Samsung buoyed the market, but faces more headwinds amid high inflation dampening consumer demand and supply chain challenges. ...
Demand for Smartphones Is Slowing. These 3 Stocks Could Be Hurt, Analysts Say.
Text size Qorvo is more at risk from the slowdown in the economy than other makers of wireless chips because it focuses more on the lower end of the market, according to Cowen. Dreamstime Wall Street ...
Nvidia Stock Gets a Price Target Cut. Russia and China Will Hurt Sales.
Text size Nvidia has said that Covid-19 lockdowns in China, plus the suspension of sales in Russia, will reduce its second-quarter revenue by $500 million. Justin Sullivan/Getty Images Shares of Nvidi...
NIO conducts own probe into Grizzly short-seller report, retains forensic accounting firm
NIO Inc. said Monday that it has formed a committee to look into recent allegations that the China-based electric vehicle maker is using an affiliate battery maker to boost financial results. Short-se...
Will Coinbase go bankrupt? Crypto CEO says there is ‘no risk of bankruptcy’
““We have no risk of bankruptcy.”” That’s a quote from Brian Armstrong, chief executive and co-founder of cryptocurrency exchange platform Coinbase COIN, -10.63%. In a series of tweets on May 10, Arms...
Opinion: ‘Quality’ companies are getting stronger yet their shares are down in this selloff. This is how to find the bargains.
If you’re a long-term investor, this year’s selloff is good news because it offers a great chance to pick up quality companies at a discount. But wait a second. If a company is “high quality,” why wou...