Technology
Oracle shares rise on better-than-expected earnings report
Safra Catz, then co-chief executive officer of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Sept. 20, 2016. David Paul Morris | Bloomberg | Getty Images Oracle shares rose almost 9% in extended trading on Monday after the database software company issued fiscal fourth-quarter results that exceeded analysts’ estimates. Here’s how […]
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Amazon says it will begin delivering packages by drone in California later this year
Amazon Prime Air drone Source: Amazon Amazon said Monday it will begin to deliver products using Prime Air drones in Lockeford, California, later this year. It’s the first time the company plans to use drones for customer deliveries in the United States. The company received approval in 2020 from the Federal Aviation Administration to fly […]
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Binance pauses bitcoin withdrawals due to a ‘stuck transaction’ as crypto sell-off deepens
The logo of cryptocurrency exchange Binance displayed on a smartphone with the word “cancelled” on a computer screen in the background. Budrul Chukrut | SOPA Images | LightRocket via Getty Images Binance said Monday that it is temporarily pausing bitcoin withdrawals “due to a stuck transaction causing a backlog.” At first, Binance founder and CEO […]
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Coinbase plunges more than 20% as bitcoin dives
The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters Coinbase shares are down more than 20% in pre-market trading Monday. Coinbase makes a commission when people buy and sell cryptocurrencies. […]
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Tesla fires Singapore country manager after Elon Musk warns of job cuts
Christopher Bousigues, the Singapore country manager from Tesla, said that his role has been cut as part of a global reduction in the electric carmaker’s workforce. Bousigues said he was responsible for launching the Model Y in Singapore. Bing Guan | Bloomberg | Getty Images Tesla has laid off its Singapore country manager just over […]
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Bitcoin briefly drops below $25,000 as $150 billion wiped off crypto markets over the weekend
Bitcoin and other cryptocurrencies fell sharply as investors dump risk assets. A crypto lending company called Celsius pausing withdrawals for its customers, sparking fears of contagion into the broader market. Nurphoto | Nurphoto | Getty Images Bitcoin tumbled below $25,000 late on Sunday, hitting its lowest level since December 2020, as investors dump crypto amid […]
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Chinese automakers want to bring assisted driving to the masses
Jidu, Baidu’s electric car venture alongside Geely, revealed its first concept car on June 8, 2022. Baidu BEIJING — As Chinese companies race for a slice of the world’s largest car market, they’re betting heavily on assisted driving technology. China sold nearly 21.5 million passenger cars last year. That’s roughly the equivalent of sales in […]
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Cramer: 15 things I learned about the changing tech sector from my week in Silicon Valley
It’s been more than two years — going back to the start of the Covid pandemic — since I have been able to do a deep dive of Silicon Valley. But over the past week I was able to reconnect with many executives, CEOs, and market insiders in CNBC’s San Francisco bureau, and I was […]
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Apple’s newest homegrown chips present a fresh challenge to Microsoft’s Windows business
Apple CEO Tim Cook (R) looks at a newly redesigned MacBook Air laptop during the WWDC22 at Apple Park on June 06, 2022 in Cupertino, California. Apple CEO Tim Cook kicked off the annual WWDC22 developer conference. Justin Sullivan | Getty Images Apple’s new laptops announced on Monday, featuring the iPhone maker’s next-generation in-house chips, […]
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Amazon is flying internet influencers to luxurious resorts in bid for social media clout
Sivan Ayla, a social media creator, hosted a workshop on Amazon’s influencer program at a recent paid getaway in Mexico. Amazon Influencer Program For three days in May, more than a dozen stars of Instagram, YouTube and TikTok convened in the coastal town of Todos Santos, Mexico, where they were treated to sunset dinners and […]
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