Technology
How Elon Musk stands to cash in on Trump’s presidential victory
Tesla CEO Elon Musk (R) joins former U.S. President and Republican presidential candidate Donald Trump during a campaign rally at the site of his first assassination attempt in Butler, Pennsylvania, on Oct. 5, 2024. Jim Watson | Afp | Getty Images As Donald Trump celebrated his presidential victory early Wednesday morning, Elon Musk was right […]
Read More
Trump likely to uphold CHIPS Act despite his campaign rhetoric, experts say
Illustration of the China and U.S. flag on a central processing unit. Blackdovfx | Istock | Getty Images President-elect Donald Trump is unlikely to roll back the Biden administration’s CHIPS and Science Act, despite his campaign rhetoric on the bill, experts say. The legislation, which provides incentives for chipmakers to set up manufacturing in the […]
Read More
Qualcomm pops 10% on chipmaker’s earnings and revenue beat
Qualcomm CEO Cristiano Amon speaks at the Computex forum in Taipei, Taiwan, June 3, 2024. Ann Wang | Reuters Qualcomm reported fourth-quarter earnings on Wednesday that beat Wall Street expectations for earnings and revenue, and the company guided to a strong December quarter. The shares rose 10% in extended trading. Here’s how the company did […]
Read More
Coinbase CEO Brian Armstrong is more than $2 billion richer after post-election stock pop
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 Election Day proved hugely successful for the crypto industry. Nobody was a bigger winner than Coinbase CEO Brian Armstrong. Coinbase shares soared 31% […]
Read More
Super Micro shares plummet 22% after financial update heightens investor concerns
Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. The trade show runs through June 7. Annabelle Chih | Bloomberg | Getty Images Super Micro shares plunged 22% on Wednesday to their lowest level since May of last year after the embattled […]
Read More
Trump claims presidential win. Here is what he promised the crypto industry ahead of the election
Former President Donald Trump arrives for his campaign rally at the Trump National Doral Golf Club in Doral, Florida, on July 9, 2024. Joe Raedle | Getty Images News | Getty Images As Donald Trump celebrated his prospective victory on Election Night at Mar-a-Lago, he was joined by a roster of high-profile supporters. Among them […]
Read More
Nintendo jumps 6% as it says current Switch games will be playable on the console’s successor
The Nintendo Switch game console store in Shanghai, Feb 25, 2024. Cfoto | Future Publishing | Getty Images Nintendo on Wednesday said it will allow current Switch games to be played on the hit console’s successor as it looks to drum up excitement among its current user base for the highly-anticipated device. Shares of Nintendo […]
Read More
Bitcoiners celebrate as $40 million campaign brings down Ohio Sen. Sherrod Brown
Crypto fans are celebrating the results of the Ohio Senate race, where blockchain entrepreneur Bernie Moreno has defeated Senate Banking Chair Sherrod Brown, a three-term incumbent, in a contest that was key in the battle for control of the U.S. Senate. Some $40 million of crypto money was directed at defeating Brown, with one PAC […]
Read More
Dogecoin and other memecoins surge as crypto traders position for a Trump election victory
In this photo illustration, the Elon Musk’s twitter account seen displayed on a mobile phone screen with a Dogecoin logo in the background. Adrees Abbas | Lightrocket | Getty Images Memecoins surged early Wednesday on the back of election results that showed former President Donald Trump in a strong position to gain a second term. […]
Read More
Google curbs politics discussion among employees on U.S. Election Day
Sundar Pichai, CEO of Google Anindito Mukherjee | Bloomberg | Getty Images Google has been moderating and removing employees’ internal election-related conversations, CNBC has learned. Ahead of Tuesday’s U.S. elections, Google executives warned employees to keep political opinions and statements away from a popular internal discussion forum called Memegen, according to correspondence viewed by CNBC. […]
Read More