Times are tough even for the giants of Silicon Valley that are accustomed to big profits. In recent months, the storm on the financial markets has particularly shaken the Nasdaq index, which is domina...
Tag: Technology
FTX signs a deal giving it the option to buy crypto lender BlockFi
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images FTX has signed a deal giving it...
Self-driving cars from GM’s Cruise block San Francisco streets
A robot car of the General Motors subsidiary Cruise is on a test drive. Andrej Sokolow | picture alliance | Getty Images Automotive and tech executives long promised autonomous vehicles would drive be...
There may be another shoe to drop after Micron’s big outlook miss
Micron Technology Inc. delivered an outlook that fell far short of the consensus view, prompting questions about how the memory market will fare in a downturn. The company expects August-quarter reven...
Vickers Venture AI – a Great Impact Technology Development Program
Place/Date: Singapore – June 30th, 2022 at 6:10 pm UTC · 3 min read Contact: Lim Xinhong, Source: Vickers Venture Everything from chatbot assistants to fraud detection and task automation is cov...
NIO XPEV LI report strong deliveries for June as Covid wanes
Nio’s ES7 sports utility vehicle adds another competitor to Tesla’s Model X and Model Y in China. Nio Chinese electric-vehicle maker Nio reported Friday that it delivered nearly 13,000 veh...
PNC Financial Services Group, Dupont, Lindsay, Watsco, Micron Technology
The board of directors of The PNC Financial Services Group declared a quarterly cash dividend on the common stock of $1.50 per share. The dividend will be payable Aug. 5, 2022, to shareholders of reco...
AMD stock gets an upgrade as analyst says recession worries are already priced in
Advanced Micro Devices Inc. likely wouldn’t be immune to the effects of a recession, but Northland Capital Markets analyst Gus Richard said that risk is already baked into AMD’s stock price. While he ...
How Semi-Automated Offside Technology Will Change Qatar 2022 World Cup
Referee Nestor Pitana holds his hand to his ear before consulting VAR and consequently awarding … [+] France a penalty during the 2018 FIFA World Cup Final between France and Croatia at Luzhniki...
Opinion: The chip boom likely over, as Micron says it’s in a ‘downturn’
The semiconductor boom of the past two years appears to be ending. Memory-chip maker Micron Technology Inc. MU, -1.32% gave a downbeat forecast for its next fiscal quarter Thursday, predicting a massi...
Technology Stocks Head for Historic Wipeout as US Economy Cools
(Bloomberg) — Skeptics have long made a sport of predicting that the decade-long rally in technology stocks was destined to reverse. At the halfway point of 2022, it seems like this is the year ...
Asian crypto technology solutions firms ChainUp and HS88 team up to grow market » CryptoNinjas
ChainUp, an end-to-end blockchain technology solutions provider, today announced the signing of a Memorandum of Understanding (MoU) with Korean blockchain company HS88. Both parties will join forces i...
EU agrees to deal on landmark MiCA cryptocurrency regulation
Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images EU officials on Thursday secured an agreement on what i...
Micron Issues Muted Sales Forecast On Demand Weakness
Memory-chip maker Micron Technology issued a subdued revenue outlook, spooking investors even as it reported a strong rise in earnings for its latest quarter. “Recently, the industry demand environmen...
Micron Stock Is Sliding. The Outlook Disappointed.
Text size New Street Research analyst Pierre Ferragu says recent weakness in Micron Technology stock represents an opportunity to buy. Dreamstime Micron Technology stock is trading lower after the mem...
AMD Stock Approaches Key Support Amid Fall to New Lows
Advanced Micro Devices (AMD) – Get Advanced Micro Devices Inc. Report is declining to new 52-week lows and is now down 54% from its all-time high just just seven months ago. It’s been a brutal ...
FCC approves SpaceX Starlink service to vehicles, boats, planes
The Starlink logo is seen in the background of a silhouetted woman holding a mobile phone. Sopa Images | Lightrocket | Getty Images The Federal Communications Commission authorized SpaceX to provide S...
Palo Alto Networks Shares Are Too Cheap, Morgan Stanley Says
Text size Palo Alto Networks is within one to two quarters of reaching profitability under generally accepted accounting principles. Dreamstime Palo Alto Networks shares have held up a little better t...
Xerox CEO Visentin Has Died. What It Means for the Company.
Text size John Visentin. Courtesy Xerox Xerox Holdings shares are in the spotlight as investors respond to news that CEO and Vice Chairman John Visentin has died unexpectedly at age 59, a development ...
Ex-Apple exec Ron Johnson’s Enjoy Technology files for bankruptcy
Ron Johnson during a panel discussion at the CNBC Evolve New York event on June 19, 2019. Astrid Stawiarz | CNBC Enjoy Technology, a retail startup founded by former Apple and J.C. Penney exec Ron Joh...
ARK Has Introduced a New Blockchain Consensus Technology
ARK, the original blockchain interoperability innovator, has announced their brand new consensus tech that will be running the ARK blockchain and coin. Called Bearmint, ARK has created a new consensus...
Nikola vote to issue new stock seeks to counter founder Trevor Milton
CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy ...
Palantir CEO Alex Karp on fighting with Peter Thiel and progressives
As U.S. companies and executives balance publicly addressing hot-button political topics, Palantir CEO Alex Karp said many still struggle with figuring out when they must speak out and when they shoul...
North Korea likely behind $100 million Horizon crypto hack: Experts
A photo illustration showing the North Korean flag and a computer hacker. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images North Korean state-sponsored hackers were likely the perpetrators of...
Micron’s Weak Outlook Crushes Chip Stocks. There’s More Trouble Coming for Tech.
Text size Dreamstime Almost every analyst on Wall Street knew that the memory chip company Micron Technology was likely to provide quarterly guidance below previous Street estimates. And that’s exactl...