In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in Paris, France, on March 5, 2024. Chesnot | Getty Images News | Getty Images Bitcoin has not reached the top of its current appreciation cycle and is likely to go past its all-time high this year, according to a
Technology
Tesla shares jumped on Tuesday after the company posted second-quarter vehicle production and deliveries numbers that beat analyst expectations. Here are the key numbers: Total deliveries Q2 2024: 443,956 vehicles Total production Q2 2024: 410,831 vehicles Analysts expected Tesla deliveries to hit 439,000 in the three months ending June 30, according to a consensus of estimates compiled by
Salesforce CEO Marc Benioff attends the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Halil Sagirkaya | Anadolu | Getty Images Salesforce investors voted against the company’s compensation plan for top executives, after shareholder advisory groups raised concerns about equity awards granted to CEO Marc Benioff. According to a regulatory filing on Monday,
Launched in 2018 by crypto firm Circle, USDC is now the second-biggest stablecoin globally, with more than $30 billion worth of tokens in circulation. Nurphoto | Getty Images Cryptocurrency firm Circle said Monday it’s now registered as an electronic money institution, or EMI, in France, granting the firm a key license to become a compliant
Young Asian woman unboxing new purchase clothings from cardboard box that received from her online shopping retail delivery at home. She is happy and excited to see the content from the box. Online shopping, trustworthy parcel delivery service D3sign | Moment | Getty Images Generation Z in Asia-Pacific is taking fashion cues from idols and
Pedestrians pass the Nasdaq MarketSite in New York, US, on Tuesday, Jan. 2, 2024. Michael Nagle | Bloomberg | Getty Images Silicon Valley is known for producing tech businesses that start in garages and turn into massive publicly traded companies ubiquitously known across the globe. From Oracle and Microsoft to Google and Facebook, the public
Joseph Lubin, co-founder of Ethereum and CEO of blockchain firm ConsenSys. Riccardo Savi | Getty Images for Concordia Summit Crypto firm Consensys has been added to the SEC’s list of targets, as the regulator continues its industrywide crackdown. The Securities and Exchange Commission on Friday sued Consensys in federal court in Brooklyn, New York, over
Users of collapsed bitcoin exchange Mt. Gox have been trying to get their money back for a decade. From the beginning of July, the company will begin paying users back their funds. Kiyoshi Ota | Bloomberg | Getty Images Mt. Gox, the Japanese bitcoin exchange that collapsed into bankruptcy a decade ago after a major
Amazon will double the value of credits it offers some startups to use its cloud infrastructure, CNBC has learned, as the company faces heightened competition from Microsoft in artificial intelligence services. Starting July 1, startups that have raised a Series A round of funding in the past year will be eligible for $200,000 in credits
The news industry just gained a powerful ally in its effort to take on OpenAI. The Center for Investigative Reporting, the country’s oldest nonprofit newsroom, sued OpenAI and lead backer Microsoft in federal court on Thursday for alleged copyright infringement, following similar suits from publications including The New York Times, Chicago Tribune and the New
Then-president-elect Donald Trump shakes the hand of Peter Thiel during a meeting with technology executives at Trump Tower, December 14, 2016 in New York City. Getty Images Peter Thiel, once one of Donald Trump’s major financial backers in the tech industry, said Thursday that even though he’s not providing money to the Republican presumptive nominee’s
Budrul Chukrut | Lightrocket | Getty Images OpenAI and Time magazine on Thursday announced a “multi-year content deal” that will allow OpenAI to access current and archived articles from more than 100 years of Time’s history. The Microsoft-backed startup will be able to display Time’s content within its ChatGPT chatbot in response to user questions, according
Sanjay Mehrotra, Micron Technology President & CEO at the WEF in Davos, Switzerland on May 24th, 2022. Adam Galica | CNBC Micron shares fell about 7% in extended trading on Wednesday as investors looked past better-than-expected results and focused instead on a revenue forecast that was in line with estimates. Here’s how the company did versus
The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan, May 30, 2017. Tyrone Siu | Reuters Global semiconductor stocks saw volatile trading Tuesday after a slump in shares of Nvidia during the previous session. Shares of chip firms in Europe and Asia fell in early trade as investors reacted to
Cryptocurrencies rose broadly, a day after bitcoin slumped to under $60,000 for the first time since early May, leading to a broad sell-off in crypto assets. Bitcoin advanced more than 3% on Tuesday to $62,103.90, according to Coin Metrics. The move coincided with a rebound in Nvidia and the Nasdaq Composite, both of which in
An Amazon contract worker pulls a cart of packages for delivery in New York, US, on Monday, April 22, 2024. Angus Mordant | Bloomberg | Getty Images Amazon‘s Prime Day mega sale event will return on July 16 and 17, the company announced Tuesday. Like in previous years, Amazon said the event will feature millions
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