Caterpillar has had a presence in Texas since the 1960s, according to the firm, but Illinois remains the largest concentration of Caterpillar employees. Dreamstime Text size Caterpillar is moving head...
Tag: Technology
Asset Manager AllianceBernstein to Add Blockchain Technology in Deal With Allfunds Unit
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Bill Gates says crypto and NFTs are based on ‘greater fool theory’
Bill Gates Gerard Miller | CNBC Bill Gates is not a fan of cryptocurrencies or non-fungible tokens. Speaking at a TechCrunch talk on climate change Tuesday, the billionaire Microsoft co-founder descri...
Ford Makes a Misstep in Its Race Against Tesla
Ford (F) – Get Ford Motor Company Report doesn’t want to see setbacks in its race against Tesla (TSLA) – Get Tesla Inc. Report. The legacy carmaker — and everyone else ̵...
Vietnam Blockchain Association ushers a new era in Blockchain Technology
The Vietnam Blockchain Association has entered into strategic cooperation with the leading cryptocurrency exchange Binance for the growth of the nascent blockchain technology. Vietnam, the land of the...
Texas power demand breaks record as severe heat wave hits the state
Yvette Johnson, 54, sits next to a fan outside of her families home on June 10, 2022 in Houston, Texas. Brandon Bell | Getty Images Power demand recently hit a record high in Texas amid a severe heat ...
Tesla Rival Rivian Delivers Bad News
This is a tough time to be a start-up. New entrants into the electric vehicle market are facing a slew of challenges, including runaway inflation, supply chain hold-ups and Russia’s invasion of ...
Bitcoin down 70% from all-time high. Why is crypto market crashing?
Cryptocurrencies have been crashing. Bitcoin BTCUSD, -3.21% plunged to as low as $20,834 late Monday, the lowest level since December 2020 and down about 70% from its all-time high in November. The No...
SpaceX Starship ‘ready to fly’ by July
Starship prototypes are pictured at the SpaceX South Texas launch site in Brownsville, Texas, U.S., May 22, 2022. Picture taken May 22, 2022. Veronica Cardenas | Reuters SpaceX is closing in on the n...
Strategist who nailed the recent S&P 500 top says three things are needed for a market bottom
Wariness is in order after the S&P 500’s bear-market finish and a potential 75 basis-point Fed hike just one day away. Gains for stock futures and a potential bounce are fading fast. Morgan Stanle...
Elon Musk Is No Longer a $200 Billion Man
Recession fears affect almost everyone. Even the richest man in the world, who has just left the most select club on the planet. Elon Musk, the CEO of electric vehicle manufacturer Tesla (TSLA) R...
Netflix considers ads, password sharing crackdown, live sports
Reed Hastings, co-founder and chief executive officer of Netflix Inc., during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, Oct. 18, 2021. Kyle Grillot | Bloomb...
Celsius liquidity crisis fuels fears of crypto market contagion
Cryptocurrencies have taken a tumble in 2022. Chesnot | Getty Images A liquidity crisis at cryptocurrency lending firm Celsius has investors worried about a broader contagion that could bring down oth...
Workplace Transformation Expert Discusses The Convergence Of Technology And Human Element
“Outfocus” by Bill Adams is released with ForbesBooks This release is posted on behalf of ForbesBooks (operated by Advantage Media Group under license). NEW YORK (June 14, 2022) — Outfocus: Harness th...
Fears of MicroStrategy Margin Call Mount as Bitcoin Slumps
Text size MicroStrategy would be forced to add to collateral if Bitcoin slips below $21,000. Dreamstime MicroStrategy , the business-intelligence software maker that borrowed money to invest in Bitcoi...
Coinbase lays off 18% as execs prepare for recession, ‘crypto winter’
Coinbase Founder and CEO Brian Armstrong attends Consensus 2019 at the Hilton Midtown on May 15, 2019 in New York City. Steven Ferdman | Getty Images Coinbase is laying off almost a fifth of its workf...
Bitcoin plunge spells trouble for Michael Saylor’s MicroStrategy
Michael Saylor, chairman and chief executive officer of MicroStrategy, first got into bitcoin in 2020, when he decided to start adding the cryptocurrency to MicroStrategy’s balance sheet as part...
BYD sold so many EVs it’s one of the top three automakers in China
One of BYD’s bestselling electric car models, the Han, is on display during an auto show in Shenzhen on June 5, 2022. Anadolu Agency | Anadolu Agency | Getty Images BEIJING — Chinese electric ca...
Fed’s inflation battle to worsen market turmoil: Canaccord’s Dwyer
Stocks may go into a deeper tailspin. Canaccord Genuity’s Tony Dwyer predicts 1980s-era interest rate hikes will exacerbate the turmoil and make a recession seem increasingly more likely. “...
Nigeria Exchange Ltd plans to adopt blockchain technology
Blockchain technology is gaining strong use cases in the traditional financial sector. Nigeria Exchange Ltd, the largest stock exchange in Nigeria, has launched a trading platform supported by blockch...
Cathie Wood’s Zoom Price Target is Amazing
Zoom Video Communications (ZM) – Get Zoom Video Communications Inc. Report was a big winner during the early part of the covid pandemic. Shares of the video conferencing company shot higher thr...
Opinion: As tech melts down, a truth remains: Semiconductors are eating the world
Everyone’s favorite trade in the stock market, technology, has gone the way of the dodo. Oil and value stocks are all the rage. But one part of technology — semiconductors — is vital not only to the t...
Binance resumes bitcoin withdrawals as crypto prices crater
The world’s largest cryptocurrency exchange, Binance, resumed withdrawals of bitcoin after it instituted a “temporary pause” Monday morning that latest several hours, the company said. Binance founder...
Crypto crash FOMO? ‘I missed the bus on Bitcoin, but now feel like my time has come. Is it time to go big or go home? I have another 25 years of a boring 9-to-5 job, and I just want out.’
I read a letter from a reader last year who was suffering from crypto FOMO, and I have been following the crypto markets ever since. I felt like I missed the bus on Bitcoin, but now feel like my time ...
Astra’s stock drops after rocket failed to deliver NASA mission to orbit
The company’s LV0010 rocket stands on the launchpad at Florida’s Cape Canaveral ahead of the NASA TROPICS-1 mission. Astra Shares of rocket-builder Astra fell sharply in trading on Monday ...
Coinbase and Billionaire Saylor Swept Up in Bitcoin Crash
It’s a bitingly cold wind blowing on the crypto sphere and particularly on the king of digital currencies, bitcoin. Bitcoin prices are moving to their lowest levels since 2020. They have fallen...
FAA SpaceX Starship environmental review clears Texas program to move forward
A Starship prototype stands on the company’s launchpad in Boca Chica, Texas on March 16, 2022. SpaceX The Federal Aviation Administration on Monday said it will require Elon Musk’s SpaceX ...
Micron Technology Stock Slumps After Getting Downgraded Again
Text size Micron was downgraded earlier this month by Piper Sandler. Dreamstime Micron Technology stock was sliding Monday after the memory chip provider got its second downgrade in less than two week...