PARIS — Crypto firm Tether is planning to reduce its holdings of commercial debt in its reserves, as the issuer of the world’s most-used “stablecoin” continues to face questions about what its digital currency is actually backed by. Last year, Tether revealed that it held some cash but also bought a large amount of commercial
Technology
In this article WBD People walk by the world headquarters for the Cable News Network (CNN) on March 15, 2022 in Atlanta, Georgia. Anna Moneymaker | Getty Images Fewer than 10,000 people are using CNN+ on a daily basis two weeks into its existence, according to people familiar with the matter. The people spoke with
In this article AAPL An employee arranges Apple iPhones as customer shop at the Apple Store on 5th Avenue shortly after new products went on sale in Manhattan, in New York City, March 18, 2022. Mike Segar | Reuters Apple iPhone assembler Pegatron said Tuesday it has suspended production at its facilities in Shanghai and
In this article TWTR Elon Musk pauses and looks down as he speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. Jim Watson | AFP | Getty Images Billionaire Elon Musk’s reversal of his decision to join Twitter‘s board opens the door to a
In this article TWTR Tesla CEO Elon Musk, shown here in March, proposed a series of changes to Twitter’s subscription service, including price changes and the option to pay in dogecoin. Patrick Pleul | AFP | Getty Images Tesla and SpaceX CEO Elon Musk has abandoned his plans to join the board of Twitter, his
In this article AMZN Amazon is handling a rapidly growing number of returns that are causing a massive problem for the e-commerce giant and the planet. A National Retail Federation survey found a record $761 billion of merchandise was returned to retailers in 2021. That amount surpasses what the U.S. spent on national defense in
Tesla CEO Elon Musk, shown here in March, proposed a series of changes to Twitter’s subscription service, including price changes and the option to pay in dogecoin. Patrick Pleul | AFP | Getty Images Elon Musk is tweeting about Twitter again. This time, he’s come up with a slew of suggestions for Twitter Blue, the
In this article TSLA Danny Roman runs a sustainable, outdoor adventure company that gives biking and hiking tours in Southern California. Danny Roman Danny Roman bought a new Tesla Model X and took delivery of the car on Feb. 28, 2020. Three days later, he informed the company he was returning the electric SUV under
In this article AAPL Max Scherzer #21 of the New York Mets delivers a pitch in the third inning against the Miami Marlins in the Spring Training game at Roger Dean Stadium on March 21, 2022 in Jupiter, Florida. Mark Brown | Getty Images Starting Friday, Apple TV+ will stream a doubleheader of MLB games
Tesla CEO Elon Musk is pictured as he attends the start of the production at Tesla’s “Gigafactory” on March 22, 2022 in Gruenheide, southeast of Berlin. Patrick Pleul | AFP | Getty Images Elon Musk tweeted Tesla may get into the lithium mining and refining business directly and at scale because the cost of the
In this article TSLA Elon Musk speaks at the “Cyber Rodeo,” a grand opening event for Tesla’s new factory in Austin, Texas. On Thursday night, Tesla CEO Elon Musk spoke at a grand opening event for the electric vehicle maker’s new $1.1 billion factory near the Austin airport in Texas. At the event, he spoke
In this article AMZN An RWDSU union rep holds a sign outside the Amazon fulfillment warehouse at the center of a unionization drive on March 29, 2021 in Bessemer, Alabama. Elijah Nouvelage | Getty Images Amazon illegally interfered in a recent union election at an Alabama warehouse, according to a statement on Thursday from the
Ron Baron, the CEO of Baron Capital and one of Tesla’s largest shareholders, said that Elon Musk’s 9.2% stake in Twitter, and his accompanying board seat, is not significant. “I think it’s meaningless,” he told CNBC’s “Squawk Box” Thursday. “It’s a tiny investment. $3 billion for a man who is worth $300 billion. He has
Network cables are plugged in a server room. Michael Bocchieri | Getty Images Cyber firm Nord Security announced Thursday that it has raised $100 million from investors at a $1.6 billion valuation, making it Lithuania’s second tech unicorn. The company is best known for its VPN product, NordVPN, which costs around $140 a year or
A visual representation of Bitcoin. Edward Smith | Getty Images In a space filled with venture investors and traders, a blockchain fund run by value managers thinks it can give investors greater returns than bitcoin itself. Bitcoin has been called the best performing asset of the decade by some. Off the Chain Capital, a fund
Elon Musk gestures as he speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. Jim Watson | AFP | Getty Images Tesla CEO Elon Musk has been buying Twitter shares on almost a daily basis since the end of January, spending $2.64 billion for
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