Long gone are the days back when Tesla Inc TSLA CEO Elon Musk wanted to rebrand the digital payment company as X.com two decades ago when he participated in its inception. Musk sees X as the letter that shows the power to change the world. Back then, he believed it can take over the worlds
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a fab deal — Report: Apple buys every 3 nm chip that TSMC can make for next-gen iPhones and Macs TSMC is said to eat the cost of defective chips so it can keep Apple’s business. Andrew Cunningham – Aug 7, 2023 8:35 pm UTC Enlarge / Silicon wafers from a TSMC factory.Taiwan Semiconductor Manufacturing
Summer wave — New SARS-CoV-2 variant gains dominance in US amid mild summer COVID wave Absolute numbers are low, but several indicators show pandemic virus is on the rise. Beth Mole – Aug 7, 2023 10:21 pm UTC EnlargeGetty | Thomas Trutschel reader comments 77 with For a fourth consecutive summer, COVID-19 is on the
Founded in 2019, TradeStation partner Aries is debuting on StartEngine, the same crowdfunding platform trusted by famed businesspeople and investors like Kevin OLeary. Aries challenges traditional full-stack brokers, sporting the tools Main Street needs to compete with its better capitalized and informed peers on Wall Street. Available in 130 countries, Aries differentiates itself by offering
Not a remote possibility — Zoom has Zoom fatigue, requires workers to return to the office Zoom surprisingly decides its teams are more effective working in-office. Ashley Belanger – Aug 7, 2023 8:40 pm UTC EnlargeMorsa Images | DigitalVision reader comments 175 with A video-conferencing company might be the last business anyone would expect to
The month of June marked the beginning of a regulatory storm for Coinbase COIN . The SEC accused the company of operating as an unregistered broker, a charge that was part of a broader crackdown on cryptocurrency exchanges. Despite the significant fallout, which saw Binance BNB/USD experience a $300 million liquidation of crypto positions, Coinbase
China’s trade slumped in July, with exports and imports falling more sharply than economists forecast, adding to concerns about growth prospects in the world’s second-biggest economy more than six months after Beijing eased pandemic restrictions. Exports declined by 14.5 per cent year on year in dollar terms, official data showed on Tuesday, the steepest fall
Last week, the Wall Street Journal reported that a syndicate of investors was in the closing stages of a $125 million deal to purchase CoinDesk. Founded in 2013 and sold to DCG in 2016, CoinDesk has been an important voice in the crypto world as an online publication and for its Consensus events. Benzinga interviewed
No answers yet — Whats going on with the reports of a room-temperature superconductor? Rumors are flying of confirmation, but the situation is still frustratingly vague. John Timmer – Aug 4, 2023 2:07 pm UTC Enlarge / Pellet of LK-99 being repelled by a magnet.Hyun-Tak Kim (CC BY 4.0) reader comments 362 with In late
In the early hours on Monday, Sam Altman, CEO of OpenAI and the driving force behind AI models like ChatGPT, launched his latest venture Worldcoin (WLD). With OpenAI going from a non-profit private organization, to a for-profit private organization in 2019, some questions bear asking: What is Worldcoin? Is it safe? What is it for?
Frameworkers of the world, unite — Turning my Framework laptop into a tiny desktop was fun. Now it needs a job. “Reuse” doesn’t get as much attention as the other two Rs, but it’s important. Kevin Purdy – Aug 7, 2023 11:00 am UTC Enlarge / The Framework Slabtop, as I dub it. Not a
Despite the ongoing digitization of payments, this industry is still struggling to meet the growing demands of the public. Because of this, many financial market players are looking towards blockchain as a potential way to speed up the process. Blockchain is a groundbreaking technology that offers a multitude of use cases and benefits for businesses
Shiba Inu SHIB/USD , the self-proclaimed Dogecoin DOGE/USD Killer's burn rate has surged over 145%. What Happened: In the past 24 hours, Shiburn, the burning mechanism, reported that 92 million SHIB tokens have been transferred to inferno wallets, effectively removing them from circulation forever. This substantial burn activity includes a single transaction of 34,547,609 SHIB
Private equity firms are increasingly offering sweeteners such as fee discounts to secure backing from deep-pocketed investors, in a sign that the industry is facing its toughest-ever fundraising environment. Blue-chip firms including CVC Capital Partners, Ardian, TPG and Cinven have all in recent months offered investors either a discount on management fees or other incentives
Berkshire Hathaway’s cash and investments in short-term Treasuries surged to $147bn at the end of the second quarter, underscoring Warren Buffett’s faith in the backbone of global financial markets despite the rocky political climate in Washington. The sprawling conglomerate — which owns the BNSF railroad and Geico insurer — increased the holdings by nearly $17bn
The US and China are opening new lines of communication to tackle contentious issues, in one of the first signs of progress towards stabilising relations since secretary of state Antony Blinken visited Beijing in June. According to three people familiar with the situation, Washington and Beijing will create two working groups to focus on Asia-Pacific
The trial in Dominion v. Fox News, which has already resulted in bombshell revelations about the right-wing media giant and the 2020 election, is scheduled to begin Tuesday. Unless a settlement is reached, a jury will determine whether Fox is financially liable for broadcasting and promoting false claims about Dominion Voting Systems voting machines rigging
Affirm Holdings, IncAFRM stock is trading lower afterPiper Sandleranalyst Kevin J. Barker downgraded the stock from Neutral to Underweight with aprice target of $11.00. Barker expects persistently higher rates to pressure operating margins as AFRM needs to hold more loans on the balance sheet. In addition, he expects tighter underwriting standards, increased pricing, and the
So far, 2023 has been a tough year for crypto, with a persistent down market and regulatory uncertainty that will likely send many blockchain ventures overseas for more favorable conditions. Yet the potential of blockchain to improve life for everyone remains with an increasing number of projects with practical use cases. A recent survey by
Dangerous stuff — Frackers can use dangerous chemicals without disclosure due to Halliburton loophole Facking industry exempt from disclosure of 28 chemicals regulated by federal law. John Hurdle, Inside Climate News – Aug 4, 2023 1:45 pm UTC A fracking rig targets the Marcellus Shale.Wikimedia Commons reader comments 8 with For almost 20 years, US