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Water scarcity threatens chipmakers like TSMC and could push prices higher, according to S&P

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Water scarcity threatens chipmakers like TSMC and could push prices higher, according to S&P

admin February 29, 2024

TSMC's dominance in the chip industry could allow it to charge higher prices if supplies dip.

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Bitcoin bull Michael Saylor nets $700 million in gains on 3-day pop in crypto and MicroStrategy

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Bitcoin bull Michael Saylor nets $700 million in gains on 3-day pop in crypto and MicroStrategy

admin February 28, 2024

MicroStrategy Chairman Michael Saylor is having a huge week, given the massive three-day rally in his company's...

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Snowflake says Frank Slootman is retiring as CEO, stock plunges more than 20%

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Snowflake says Frank Slootman is retiring as CEO, stock plunges more than 20%

admin February 28, 2024

Snowflake said CEO Frank Slootman is retiring and being replaced by Google's former ad head.

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Salesforce beats on earnings but forecasts single-digit revenue growth for the year

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Salesforce beats on earnings but forecasts single-digit revenue growth for the year

admin February 28, 2024

Salesforce said revenue growth will slow to 8.6% in the new fiscal year, but revenue guidance exceeds...

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EA to lay off 5% of workforce, or about 670 employees

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EA to lay off 5% of workforce, or about 670 employees

admin February 28, 2024

EA's announcement marks the latest round of layoffs among video game companies in recent months.

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Apple CEO Tim Cook says company is ‘investing significantly’ in generative AI

3 min read

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Apple CEO Tim Cook says company is ‘investing significantly’ in generative AI

admin February 28, 2024

Tim Cook's remarks at Apple's annual shareholder meeting represent one of the strongest signals that Apple is...

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Coinbase users see $0 balance after crypto-trading app suffers glitch

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Coinbase users see $0 balance after crypto-trading app suffers glitch

admin February 28, 2024

Coinbase users took to social media platform X on Wednesday screenshots showing that their accounts appeared to...

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Google CEO tells employees Gemini AI blunder ‘unacceptable’

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Google CEO tells employees Gemini AI blunder ‘unacceptable’

admin February 28, 2024

The Google CEO said the company is working around the clock on a fix for its AI...

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Top Amazon aggregator Thrasio files for bankruptcy

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Top Amazon aggregator Thrasio files for bankruptcy

admin February 28, 2024

Aggregators like Thrasio raised billions of dollars from investors looking to cash in on the third-party seller...

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Bitcoin jumps above $60,000 for the first time since November 2021

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Bitcoin jumps above $60,000 for the first time since November 2021

admin February 28, 2024

Bitcoin continued its surge on Wednesday, shooting above $60,000 for the first time since November 2021.

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Biden to issue executive order aimed at protecting Americans’ sensitive data from China, other ‘hostile countries’

3 min read

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Biden to issue executive order aimed at protecting Americans’ sensitive data from China, other ‘hostile countries’

admin February 28, 2024

U.S. President Joe Biden will issue a new executive order intended to safeguard the personal data of...

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From expanding screens to see-through displays: How tech giants are trying to jazz up their gadgets

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From expanding screens to see-through displays: How tech giants are trying to jazz up their gadgets

admin February 28, 2024

Gadget makers are experimenting with various types of displays from expandable to bendable screends on their devices...

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Honor to launch its first foldable flip phone to challenge Samsung

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Honor to launch its first foldable flip phone to challenge Samsung

admin February 28, 2024

Honor will launch a foldable flip phone this year, the Chinese smartphone maker's CEO George Zhao told...

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Bumble to lay off 350 employees, or about 37% of its workforce

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Bumble to lay off 350 employees, or about 37% of its workforce

admin February 27, 2024

Bumble announced plans to lay off about 350 employees in its fourth-quarter report Tuesday.

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Bitcoin firm MicroStrategy pops 27% in two days as company’s crypto stake hits $11 billion

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Bitcoin firm MicroStrategy pops 27% in two days as company’s crypto stake hits $11 billion

admin February 27, 2024

MicroStrategy announced Monday that it added another $155 million worth of bitcoin to its balance sheet.

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Hims & Hers soars 32% on rapid growth in mental health, weight loss and dermatology treatments

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Hims & Hers soars 32% on rapid growth in mental health, weight loss and dermatology treatments

admin February 27, 2024

Shares of Hims & Hers Health popped Tuesday after the company reported better-than-expected quarterly results.

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Apple reportedly cancels plans to build an electric car

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Apple reportedly cancels plans to build an electric car

admin February 27, 2024

Apple will wind down its team working on electric cars, called Special Projects Group, according to a...

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FTC Chair Lina Khan takes victory lap on blocking Nvidia-Arm merger

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FTC Chair Lina Khan takes victory lap on blocking Nvidia-Arm merger

admin February 27, 2024

FTC Chair Lina Khan cited the surging stock prices of Nvidia and Arm as an example of...

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OpenAI alleges New York Times ‘hacked’ ChatGPT for lawsuit evidence

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OpenAI alleges New York Times ‘hacked’ ChatGPT for lawsuit evidence

admin February 27, 2024

OpenAI asked a judge to dismiss parts of The New York Times' lawsuit against it, alleging that...

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Fraudster who peddled fake pre-IPO Airbnb stock falsely claimed to represent Egypt’s Mansour family

4 min read

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Fraudster who peddled fake pre-IPO Airbnb stock falsely claimed to represent Egypt’s Mansour family

admin February 27, 2024

Shamoon Rafiq impersonated a close associate of the billionaire Mansour family in a scheme to defraud investors...

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