In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT A number of factors are behind bitcoin’s New Year rise, according to analysts, including an increased probability of interest rates being lowered and purchases by large buyers known as “whales.” Filip Radwanski | Sopa Images | Lightrocket | Getty Images Bitcoin has begun 2023 on
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After a tumultuous 2022, crypto investors are trying to figure out when the next bitcoin bull run could be. Last week, at a crypto conference in St. Moritz, Switzerland, CNBC spoke to industry insiders who painted a picture of 2023 as year of caution. Bitcoin is expected to trade within a range, be sensitive to
In this article AMZN RIVN Follow your favorite stocksCREATE FREE ACCOUNT For the 275,000 Amazon drivers dropping off 10 million packages a day around the world, the job can be a grind. But a lot has changed since drivers in 2021 told CNBC about unrealistic workloads, peeing in bottles, dog bites and error-prone routing software.
In this article FTT.CM= Follow your favorite stocksCREATE FREE ACCOUNT Representative French Hill, a Republican from Arkansas, left, speaks during a news conference on Capitol Hill in Washington, D.C., July 24, 2018. Zach Gibson | Bloomberg | Getty Images Republican lawmakers announced late Thursday the launch of a new subcommittee that will oversee the crypto
The exterior of Crypto.com Arena on January 26, 2022 in Los Angeles, California. Rich Fury | Getty Images Crypto.com announced Friday that it’s laying off 20% of its workforce. CEO Kris Marszalek said in a blog post that the crypto exchange grew “ambitiously” but was unable to weather the collapse of Sam Bankman-Fried’s crypto empire
The Tesla Model Y (left) and Model 3 electric cars at the company’s official launch event in Bangkok on Dec. 7, 2022. The Model 3 is the company’s entry-level sedan. The Model Y is categorized by some as an SUV and others as a crossover. Lillian Suwanrumpha | Afp | Getty Images Electric vehicle maker
The near $1.4 trillion collapse of the crypto market in 2022 didn’t make a dent to traditional assets like stocks or to the real economy. But one academic has warned that the failure of a major stablecoin could have an impact on the U.S. bond market, marking a potential new area that investors need to
In this article BTC.CM= FTT.CM= COIN Follow your favorite stocksCREATE FREE ACCOUNT The Securities and Exchange Commission on Thursday charged crypto firms Genesis and Gemini with allegedly selling unregistered securities in connection with a high-yield product offered to depositors. Gemini, a crypto exchange, and Genesis, a crypto lender, partnered in February 2021 on a Gemini
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Tim Cook, chief executive officer of Apple Inc., speaks during a “First Tool-In” ceremony at the TSMC facility under construction in Phoenix, Arizona, on Tuesday, Dec. 6, 2022. Caitlin O’Hara | Bloomberg | Getty Images Apple CEO Tim Cook will receive a pay cut in
In this article FTT.CM= BNB.CM= VYGVQ Follow your favorite stocksCREATE FREE ACCOUNT Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York, January 3, 2023. Timothy A. Clary | AFP | Getty Images In a Thursday morning Substack post, FTX
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Amazon workers arrive with paperwork to unionize at the NLRB office in Brooklyn, New York, October 25, 2021. Brendan Mcdermid | Reuters A federal labor agency on Wednesday certified an independent union’s landmark victory at Amazon‘s Staten Island warehouse and threw out a litany of
Zhao Changpeng, founder and chief executive officer of Binance, attends a conference at Porte de Versailles exhibition center in Paris, France June 16, 2022. Benoit Tessier | Reuters Binance is planning a hiring spree in 2023, CEO Changpeng Zhao said Wednesday, taking a somewhat contrarian view as crypto firms lay off huge swathes of staff
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT A giant cowboy boot is on display outside the Tesla Giga Texas manufacturing facility during the “Cyber Rodeo” grand opening party on April 7, 2022 in Austin, Texas. Suzanne Cordeiro | AFP | Getty Images Tesla has registered with the state of Texas to expand
In this article COIN Follow your favorite stocksCREATE FREE ACCOUNT Coinbase is cutting about a fifth of its workforce as it looks to preserve cash during the crypto market downturn. The exchange plans to cut 950 jobs, according to a blog post published Tuesday morning. Coinbase, which had roughly 4,700 employees as of the end
U.S. House Minority Leader Kevin McCarthy (R-CA) (R) talks to Rep. Jim Jordan (R-OH) as Representatives cast their votes for Speaker of the House on the first day of the 118th Congress in the House Chamber of the U.S. Capitol Building on January 03, 2023 in Washington, DC. Win Mcnamee | Getty Images House Republicans
“Chinese companies are getting pretty competitive for iPhone assemblers. China is doing quite well in pretty much everything, except semiconductors,” Kirk Yang, chairman and CEO of Kirkland Capital, told CNBC’s “Squawk Box Asia” Friday. CFOTO | Future Publishing | Getty Images More mainland Chinese electronics manufacturing companies are set to take away market share from
The Huobi crypto exchange logo displayed on a smartphone. Nikolas Kokovlis | Nurphoto via Getty Images Digital currency exchange Huobi on Friday said it plans to reduce its global headcount by about 20%, in the latest round of layoffs to hit the beleaguered cryptocurrency industry. The Seychelles-based company is one of the largest crypto exchanges
Tesla CEO Elon Musk speaks at an event in Hawthorne, California April 30, 2015. Patrick T. Fallon | Reuters Attorneys for Tesla and Elon Musk are asking a federal judge in San Francisco to move, or delay, a forthcoming trial from Northern California to Western Texas, saying they won’t be able to find unbiased jurors
In this article CRM Follow your favorite stocksCREATE FREE ACCOUNT Marc Benioff, co-chief executive officer of Salesforce.com Inc., between panel sessions on day two of the World Economic Forum in Davos, Switzerland, on May 24, 2022. Jason Alden | Bloomberg | Getty Images Marc Benioff, Salesforce’s co-founder and soon to be sole CEO, indicated in
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT David Limp, senior vice president of devices and services at Amazon.com Inc., presents the Amazon Echo Dot smart speaker during an unveiling event at the company’s Spheres headquarters in Seattle, Washington, U.S., on Thursday, Sept. 20, 2018. Andrew Burton | Bloomberg | Getty Images Amazon
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