Chinese cryptocurrency exchange Huobi is planning to re-enter the U.S. market more than two years after it ceased operations to comply with regulations, one of the company’s co-founders told CNBC. But the company might not launch an exchange and instead could focus on other areas such as asset management, after missteps last time around, according
Technology
A Tesla Model S car equipped with Autopilot David Paul Morris | Bloomberg | Getty Images Tesla’s automated lane changing system, known as Autopilot, is being probed by German regulators, newspaper Bild am Sonntag reported Sunday, citing a spokesperson for the agency. The Kraftfahrt-Bundesamt (Federal Motor Transport Authority) is reportedly assessing whether the technology, which
In this article BTC.CM= Thomas Trutschel | Photothek | Getty Images Bitcoin may not see a bull market until late 2024 or the beginning of 2025, if past price cycles are any indication, according to the co-founder of Huobi, one of the world’s largest cryptocurrency exchanges. Du Jun told CNBC that bitcoin bull markets are
In this article T AndreyPopov | iStock | Getty Images As many Americans begin to adopt newer and faster 5G wireless service, an earlier-generation wireless network is winding down next week. The shutdown presents enormous consequences for certain products that still use the older 3G networks, such as alarm systems and personal emergency response systems
In this article AMZN In this Feb. 21, 2020 photo, Dilip Kumar, vice president of physical retail and technology for Amazon, poses for a photo inside an Amazon Go Grocery store set to open soon in Seattle’s Capitol Hill neighborhood. Ted S. Warren | AP Amazon has spent almost three decades perfecting the art of
In this article TSLA Elon Musk, chief executive officer of Tesla Inc., speaks to members of the media while departing from federal court in New York, U.S., on Thursday, April 4, 2019. Natan Dvir | Bloomberg | Getty Images The Securities and Exchange Commission submitted a letter to a federal judge on Friday responding to
Bobby Kotick, chief executive officer of Activision Blizzard, attends the Allen & Company Sun Valley Conference on July 10, 2019, in Sun Valley, Idaho. Drew Angerer | Getty Images Microsoft first reached out to game publisher Activision Blizzard about a possible tie-up the same week a media report landed asserting that Activision CEO Bobby Kotick
In this article ROKU People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. Brendan McDermid | Reuters Roku shares dropped as much as 25% on Friday after the streaming company reported fourth-quarter revenue
In this article ROKU Anthony Wood David Orrell | CNBC Roku shares fell as much as 12% in extended trading on Thursday after the video-streaming company issued fourth-quarter revenue and first-quarter revenue guidance that came in below consensus. Here’s how the company did: Earnings: 17 cents per share, adjusted, vs. 9 cents per share as
In this article TSLA Visitors look at a Tesla Model 3 during a press preview of the Seoul Motor Show in Goyang, northwest of Seoul, on March 28, 2019. Jung Yeon-Je | AFP | Getty Images The National Highway Traffic Safety Administration has initiated a new Tesla safety probe after receiving 354 drivers’ complaints about
Nvidia co-founder and CEO Jensen Huang attends an event during the annual Computex computer exhibition in Taipei. Tyrone Siu | Reuters Nvidia reported fourth-quarter earnings and sales on Wednesday that beat analyst expectations and provided a strong outlook for the current quarter. The stock fell over 1% in extended trading. Here’s how the chipmaker did
In this article FB AAPL GOOGL An Android statue is displayed in front of a building on the Google campus on January 31, 2022 in Mountain View, California. Google parent company Alphabet will report fourth quarter earnings on Tuesday after the closing bell. Justin Sullivan | Getty Images Google on Wednesday announced it’s adopting new
In this article ABNB Brian Chesky, chief executive officer and co-founder of Airbnb Inc., speaks during an Economic Club of New York luncheon at the New York Stock Exchange (NYSE) in New York, U.S., on Monday, March 13, 2017. Michael Nagle | Bloomberg | Getty Images Airbnb beat Wall Street estimates on earnings and revenue
Los Angeles Rams’ Von Miller celebrates with the Vince Lombardi Trophy after winning Super Bowl LVI. Mike Segar | Reuters Super Bowl ratings recovered from last year’s low, but the National Football League’s championship game didn’t reach a record projection. The game aired on NBC, Telemundo and the streaming service Peacock and attracted an average
Warren Buffett Gerald Miller | CNBC Warren Buffett’s Berkshire Hathaway purchased about $1 billion worth of shares in Activision Blizzard in the fourth quarter, according to a regulatory filing, jumping in before Microsoft agreed to buy the video-game publisher for $68.7 billion. Berkshire owns 14.66 million shares valued at $975 million as of the end
A CryptoPunk NFT on display at Sotheby’s on June 4, 2021 in New York City. Cindy Ord | Getty Images LONDON — Britain’s tax watchdog has seized three non-fungible tokens, in what is thought to be the first seizure of NFTs by a U.K. law enforcement agency. Officials at Her Majesty’s Revenue and Customs say
Citizens try out a virtual reality experience at the opening of Cheonan Qianshu Shopping mall, Shanghai, China, On December 22, 2021. Virtual reality is a key part of the concept of the metaverse. Xing Yun | Costfoto | Future Publishing | Getty Images Imagine this: the metaverse with Chinese characteristics. That’s how the virtual world
In this article PTON John Foley, co-founder and chief executive officer of Peloton Interactive Inc., stands for a photograph during the company’s initial public offering (IPO) in front of the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Roughly two months after Peloton’s IPO, founder
A chip made by Taiwan Semiconductor Manufacturing Company TSMC Semiconductor stocks got whacked on Friday as investors digested hotter-than-expected inflation and increased tensions between Ukraine and Russia. Chipmakers had been boosted by increased demand during the pandemic and have generally reported strong earnings and outlooks in the past month. But investors are looking for less-risky
Chuck Robbins, CEO, Cisco Systems, speaking at the World Economic Forum, Davos, Switzerland, January 21, 2020. Splunk shares rose as much as 14% in extended trading on Friday after the Wall Street Journal reported that Cisco made an offer to buy the data analytics software company for over $20 billion. At the peak of its
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