In this article PDD Follow your favorite stocksCREATE FREE ACCOUNT An ad spot during the Super Bowl costs millions of dollars. Temu, the U.S. shopping site launched by China’s PDD Holdings Inc., ran a 30-second ad during the game titled “Shop Like A Billionaire,” highlighting its ambitions to crack the international e-commerce market. Jevone Moore
Technology
Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, January 27, 2023. Jonathan Ernst | Reuters Elon Musk’s brain-computer interface company Neuralink is being investigated by the U.S. Department of Transportation for allegedly packaging and transporting contaminated hardware in an unsafe manner, a DOT spokesperson confirmed to CNBC. In
In this article GS GSBD Follow your favorite stocksCREATE FREE ACCOUNT Last year’s havoc in the cryptocurrencies space has allowed for a “flight to quality” among crypto investors, Mathew McDermott, Goldman Sachs’ global head of digital assets, said on CNBC’s “Crypto World” on Friday. “We do have a crypto trading desk at the firm,” he
In this article MSFT GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Sundar Pichai, CEO of Google Anindito Mukherjee | Bloomberg | Getty Images Google employees are criticizing leadership, most notably CEO Sundar Pichai, for the way the company handled the announcement this week of its ChatGPT competitor called Bard. Staffers took to the popular internal
In this article LYFT Follow your favorite stocksCREATE FREE ACCOUNT The Lyft logo is shown on the screen at the Nasdaq offices in Times Square on March 29, 2019 in New York. Don Emmert | AFP | Getty Images Shares of Lyft fell more than 35% when markets opened on Friday, a day after the
In this article 9618-HK Follow your favorite stocksCREATE FREE ACCOUNT JD.com has become the latest Chinese tech giant to announced plans for a ChatGPT-style product, joining the hype around the chatbot technology. Qilai Shen | Bloomberg | Getty Images JD.com, one of China’s largest e-commerce players, said on Friday it plans to launch a ChatGPT-style
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT SMIC’s 14nm chip yield has reached industry production level. Future Publishing | Getty Images China’s biggest chipmaker SMIC posted record revenue in 2022, despite ongoing U.S. sanctions, but warned of a more difficult year ahead given a slump in the semiconductor industry. SMIC said on
Dan Schulman, CEO of Paypal, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, July 10, 2019. Gerard Miller | CNBC PayPal said on Thursday that CEO and president Dan Schulman will retire and leave the company at the end 2023. Schulman, who became PayPal CEO after the split from
In this article COIN Follow your favorite stocksCREATE FREE ACCOUNT Brian Armstrong, co-founder and chief executive officer of Coinbase Inc., speaks during the Singapore Fintech Festival, in Singapore, on Friday, Nov. 4, 2022. Bryan van der Beek | Bloomberg | Getty Images Coinbase shares closed down more than 14% Thursday, after CEO Brian Armstrong voiced
In this article LYFT Follow your favorite stocksCREATE FREE ACCOUNT Air travelers walk toward a Lyft pickup area at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California. Mario Tama | Getty Images Lyft shares fell more than 20% during after-hours trading after issuing weak guidance in its earnings report on
In this article TBLA APO Follow your favorite stocksCREATE FREE ACCOUNT Noah Berger | Bloomberg | Getty Images Yahoo will lay off more than 20% of its workforce by the end of 2023, eliminating 1,000 positions this week alone, the company said in a statement Thursday. Private equity firm Apollo Global Management acquired 90% of
Kraken is one of the world’s largest crypto exchanges. Tiffany Hagler-Geard | Bloomberg via Getty Images Crypto exchange Kraken will shutter its U.S. cryptocurrency staking operation and pay a $30 million fine to settle an enforcement action alleging it sold unregistered securities, the Securities and Exchange Commission said Thursday. The SEC claims Kraken failed to register
In this article USDT.CM= Follow your favorite stocksCREATE FREE ACCOUNT Tether previously claimed its stablecoin was backed 1-to-1 by U.S. dollars. Justin Tallis | Afp | Getty Images Tether on Thursday published its latest quarterly financials, with the world’s top stablecoin issuer stating publicly for the first time that it generated a profit. Tether, which
Elon Musk Twitter page seen on mobile with his poll to step down as head of Twitter Jonathan Raa | Nurphoto | Getty Images Access to Twitter was restored in Turkey late Wednesday after network restrictions left people in the country unable to use the site, according to internet monitoring site NetBlocks. The service was
Elon Musk Twitter page seen on mobile with his poll to step down as head of Twitter Jonathan Raa | Nurphoto | Getty Images Many Twitter users on Wednesday afternoon were unable to post on the site for about 90 minutes, receiving a message that read, “You are over the daily limit for sending Tweets.”
In this article CRM GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Google VP of VR Clay Bavor Source: Google Google veteran Clay Bavor is leaving the company to build a startup focused on artificial intelligence with former Salesforce co-CEO Bret Taylor. “We share an obsession with recent advances in AI, and we’re excited to build
The FTX logo on a laptop screen. Andrey Rudakov | Bloomberg via Getty Images FTX’s top bankruptcy, legal and financial advisors have billed the company more than $19.6 million in fees for work done in 2022, according to Tuesday bankruptcy court filings. More than $10 million of that was for work done in November 2022
Cruz Foam, and pro surfer Zak Noyle, are fighting plastic pollution. Cruz Foam More than 100 cities in the US have put ordinances in place restricting or flatly banning the use of disposable styrofoam, especially by restaurants and for shipping food and other products. In the state of California alone, 97 cities or counties have