FTX founder Sam Bankman-Fried (2nd L) is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau, Bahamas on December 13, 2022. Mario Duncanson | AFP | Getty Images FTX founder and former CEO Sam Bankman-Fried will no longer contest extradition to the U.S., an about-face just days after he was remanded
Technology
In this article CRM Follow your favorite stocksCREATE FREE ACCOUNT Marlena Sloss | Bloomberg | Getty Images Salesforce co-CEO Marc Benioff told employees in a Slack message on Friday that the company’s newest hires aren’t being productive enough, and he asked for feedback as to why that’s the case. “Are we not building tribal knowledge
Binance’s Co-founder & CEO Changpeng Zhao has given several interviews discussing the outlook for cryptocurrency following a turbulent couple of weeks in the market. NurPhoto / Contributor / Getty Images Over a month after the collapse of FTX, investor concern over crypto exchange Binance isn’t fading. Binance’s native token, BNB, has fallen 15% in the
STR | Nurphoto | Getty Images The European Union on Friday threatened tech billionaire Elon Musk with sanctions after Twitter removed several journalists that report on him and the social media company. Vera Jourova, the European Commission’s vice president for values and transparency, said in a tweet that news of the “arbitrary suspension of journalists
In this article ADBE Follow your favorite stocksCREATE FREE ACCOUNT Shantanu Narayen, CEO, Adobe Mark Neuling | CNBC Adobe shares rose 6% in extended trading on Thursday after the design software maker announced fiscal fourth-quarter earnings and guidance that exceeded analysts’ expectations. Here’s how the company did: Earnings: $3.60 per share, adjusted, vs. $3.50 per
Binance Chief Executive Changpeng “CZ” Zhao dismissed concerns that his company could have $2.1 billion clawed back as a result of FTX’s bankruptcy proceedings, in an appearance Thursday morning on CNBC’s “Squawk Box,” and said he trusted his lawyers to handle the proceedings. CNBC’S Andrew Ross Sorkin and Becky Quick pressed Zhao on whether he
In this article TSLA TWTR Follow your favorite stocksCREATE FREE ACCOUNT Anadolu Agency | Anadolu Agency | Getty Images Tesla CEO Elon Musk sold about 22 million more shares in his electric vehicle business, which were worth around $3.6 billion, according to a financial filing out Wednesday night. The transactions took place between Monday and Wednesday this week
In this article TWTR Follow your favorite stocksCREATE FREE ACCOUNT Muhammed Selim Korkutata | Anadolu Agency | Getty Images Twitter has suspended the account dedicated to tracking the location of billionaire Elon Musk’s private jet. The account, @ElonJet, was run by Florida college student Jack Sweeney and had amassed more than half a million followers.
In this article GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Google senior fellow Jeff Dean speaks at a 2017 event in China. Source: Chris Wong | Google Google employees are seeing all the buzz around ChatGPT, the artificial intelligence chatbot that was released to the public at the end of November and quickly turned into
A magistrate judge in the Bahamas on Tuesday denied bail to FTX co-founder Sam Bankman-Fried, citing heightened flight risk, and said he should be remanded to Bahamian custody until February 8, 2023, hours after a U.S. federal criminal indictment against Bankman-Fried alleging a massive fraud at FTX was unsealed in New York City. Bankman-Fried was
Binance, the world’s largest cryptocurrency exchange, said Tuesday it is pausing withdrawals of the stablecoin USDC while it carries out a “token swap.” The move comes as investor concerns grow about Binance’s stability following the collapse of rival exchange FTX as well as a report of a potential criminal investigation from the U.S. government. related
In this article ORCL Follow your favorite stocksCREATE FREE ACCOUNT Safra Catz, Oracle’s CEO and then one of Oracle’s two co-CEOs, smiles during Oracle’s OpenWorld conference in San Francisco on, Sept. 20, 2016. David Paul Morris | Bloomberg | Getty Images Oracle shares rose as much as 4% in extended trading on Monday after the
Microsoft logo seen at their building in Redmond, Washington. Toby Scott | SOPA Images | LightRocket | Getty Images LONDON — U.S. tech giant Microsoft on Monday announced a 10-year partnership with the London Stock Exchange Group and took a near 4% stake in the U.K. bourse operator. The partnership involves next-generation data and analytics,
In this article FTT.CM= AMZN GOOGL Follow your favorite stocksCREATE FREE ACCOUNT John Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, arrives at bankruptcy court in Wilmington, Delaware, US, on Tuesday, Nov. 22, 2022. Eric Lee | Bloomberg | Getty Images Attorneys in the Bahamas filed an emergency motion on Friday asking a Delaware
In this article BTC.CM= ETH.CM= Follow your favorite stocksCREATE FREE ACCOUNT Kris Marszalek, CEO of Crypto.com, speaking at a 2018 Bloomberg event in Hong Kong, China. Paul Yeung | Bloomberg | Getty Images Kris Marszalek wants everyone to know that his company, Crypto.com, is safe and in good hands. His TV appearances and tweets make
In this article GETR Follow your favorite stocksCREATE FREE ACCOUNT Paul Chinn | San Francisco Chronicle | Getty Images Carsharing company Getaround made its public market debut Friday through a merger with blank-check company InterPrivate II Acquisition Corp. The company saw its share value drop more than 65%, reflecting the chilly environment for both SPACs
A bike courier outside a grocery warehouse operated by Gorillas Technologies GmbH in the West Kilburn district of London, UK, on Thursday, Dec. 8, 2022. Laura Zapata | Bloomberg | Getty Images Turkish grocery delivery firm Getir acquired its German rival Gorillas for an undisclosed amount, the company said Friday. “Markets go up and down,
In this article ATVI MSFT Follow your favorite stocksCREATE FREE ACCOUNT The Federal Trade Commission said on Thursday it has filed an antitrust case against Microsoft to challenge the software maker’s attempt to acquire video game publisher Activision Blizzard, claiming it would violate U.S. law. This isn’t Microsoft’s first time dealing with competitive pressure. In
In this article TSLA TWTR Follow your favorite stocksCREATE FREE ACCOUNT An image of new Twitter owner Elon Musk is seen surrounded by Twitter logos in this photo illustration in Warsaw, Poland on 08 November, 2022. STR | Nurphoto | Getty Images Elon Musk led a $44 billion acquisition of Twitter and appointed himself CEO
Former Theranos chief operating officer and president Ramesh “Sunny” Balwani was sentenced to nearly 13 years in prison Wednesday for fraud, after the unraveling of the blood-testing juggernaut prompted criminal charges in California federal court against both Balwani and Theranos founder Elizabeth Holmes, who on Nov. 18 was sentenced to more than 11 years in
Lensa AI image. Sofia Pitt You may have noticed a new trend taking over your Instagram feed. Your friends are turning themselves into digital art with the help of an artificial intelligence-generated app called Lensa. Lensa AI is currently the top free app in Apple App Store, though you’ll have to pay to use the
Earlier this year, as the crypto meltdown was draining the industry of liquidity, FTX executives were begging company founder Sam Bankman-Fried to preserve cash and stop spending hundreds of millions of dollars on celebrity endorsements. But the 30-year-old billionaire, who’d relied on branding and hype to rapidly take his crypto exchange from upstart to stalwart,
In this article MSFT 7974.T-JP Follow your favorite stocksCREATE FREE ACCOUNT Regulators have raised concerns that Microsoft could block the hit Call of Duty franchise from being released on rivals’ games consoles. Microsoft said it has offered Sony a 10-year contract for Call of Duty to be released on the PlayStation on the same day
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple CEO Tim Cook confirmed that Apple will buy U.S.-made microchips at an event in Arizona on Tuesday, where President Joe Biden also spoke. Cook said Apple would buy processors made in a new Arizona factory, according to a video from the event. “And now,
Anwar Almojarkesh (L) and Alan Chalabi (R) from England take a photo at Meta (formerly Facebook) corporate headquarters in Menlo Park, California on November 9, 2022. Josh Edelson | AFP | Getty Images A group of Meta workers who joined the company via a corporate training program say they are receiving inferior severance packages compared
In this article BTC.CM= FTT.CM= Follow your favorite stocksCREATE FREE ACCOUNT FTX CEO Sam Bankman-Fried attends a press conference at the FTX Arena in downtown Miami on Friday, June 4, 2021. Matias J. Ocner | Miami Herald | Tribune News Service | Getty Images Sam Bankman-Fried, the disgraced former CEO of FTX — the bankrupt
The Nothing Phone (1). Nothing U.K.-based consumer tech company Nothing is setting its sights on the U.S., with ambitions of taking on Apple’s iPhone. The startup, the hardware venture of Carl Pei — co-founder of Chinese mobile phone maker OnePlus — is in early conversations with American carriers about launching a new smartphone in the
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Amazon Web Services (AWS) CEO Adam Selipsky delivers a keynote address during AWS’ annual re:Invent conference at the Venetian in Las Vegas on Nov. 29, 2022. Noah Berger | Getty Images Amazon Web Services has been the biggest growth engine for its parent company over
In this article BTC.CM= FTT.CM= Follow your favorite stocksCREATE FREE ACCOUNT John Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, arrives at bankruptcy court in Wilmington, Delaware, US, on Tuesday, Nov. 22, 2022. Eric Lee | Bloomberg | Getty Images The Department of Justice has requested that an independent examiner be appointed to review
The Vogtle nuclear power plant is located in Burke County, near Waynesboro, Georgia in USA. Each of the two existing units have a Westinghouse pressurized water reactor (PWR), with a General Electric turbine and electric generator, producing approximately 2,400 MW of electricity. Two Westinghouse made AP 1000 reactors are under construction here. Pallava Bagla |
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Senior Vice President of Business Development at Amazon Jeff Blackburn (R) and Anne Blackburn attend the The IMDb Dinner Party at the Sundance Film Festival presented by Dolby on January 28, 2019 in Park City, Utah. Rich Polk | Getty Images Jeff Blackburn is retiring
People take selfies in front of the logo of Facebook parent company Meta on November 9, 2022 in Menlo Park, California. Meta will lay off more than 11,000 staff, the company said on Wednesday. Liu Guanguan | China News Service | Getty Images After years of seemingly boundless expansion, the U.S. tech industry has hit
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla CEO Elon Musk kicks off deliveries of the company’s heavy-duty truck, the Semi, at the Gigafactory in Sparks, Nevada. Tesla Inc. Tesla CEO Elon Musk kicked off deliveries of the company’s first few production Semi trucks on Thursday, speaking on stage at the company’s
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