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Lawmaker who wrote New York crypto mining bill explains: ‘It’s not a ban’
Bitcoin offices in Istanbul, Turkey, on May 11, 2022. Umit Turhan Coskun/NurPhoto via Getty Images New York State Assemblymember Anna Kelles is tired of all the fear-mongering about the bill she wrote — and sponsored — to place a two-year moratorium on certain types of new cryptocurrency mines in the state. The fate of the […]
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Amazon CEO of Worldwide Consumer Dave Clark resigns
Dave Clark, Amazon’s senior vice president of worldwide operations. Lindsey Wasson | Reuters Dave Clark, CEO of Amazon’s worldwide consumer business and a top lieutenant of Andy Jassy, will resign July 1 after 23 years at the company, Amazon announced in a regulatory filing Friday. Clark is one of a handful of the most important […]
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Musk’s Twitter deal faces backlash from advocacy groups that are seeking to block it
Pavlo Gonchar | Lightrocket | Getty Images A dozen advocacy groups are launching a new campaign Friday aimed at blocking Tesla CEO Elon Musk’s $44 billion purchase of Twitter, warning he will degrade important safeguards on the platform if he’s allowed to take control. The Stop the Deal campaign, shared exclusively with CNBC, includes plans […]
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Coinbase extends hiring pause for ‘foreseeable future’ and plans to rescind some offers
Brian Armstrong, cofounder and CEO of Coinbase speaks onstage during ‘Tales from the Crypto: What the Currency of the Future Means for You’ at Vanity Fair’s 6th Annual New Establishment Summit at Wallis Annenberg Center for the Performing Arts on October 23, 2019 in Beverly Hills, California. Matt Winkelmeyer | Getty Images Two weeks after […]
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Dan Niles sees more pain in tech — and reveals an opportunity in the sector
Tech stocks may have already suffered a massive sell-off this year, but hedge fund manager Dan Niles thinks there could be even more pain ahead for the sector. He tells CNBC why and reveals where he sees an opportunity in the sector. Tech stocks have taken a drubbing this year as market volatility worsened and […]
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Sheryl Sandberg sold $1.7 billion worth of Facebook stock over the last decade
Sheryl Sandberg leaves Meta as one of the highest-profile and most successful women in tech — and after more than $1.7 billion in stock sales. Sandberg announced Wednesday that she is stepping down from her role as chief operating officer after 14 years at Meta, formerly known as Facebook. Sandberg will remain on the social media […]
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Stocks making the biggest moves midday: Microsoft, Chewy, GameStop, MongoDB & more
Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. Charles Platiau | Reuters Check out the companies making headlines in midday trading Thursday. Microsoft — Shares of the technology giant slipped 0.6% after Microsoft cut its earnings and revenue guidance for the fiscal fourth quarter. Microsoft cited unfavorable foreign exchange rates as the […]
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5 things to know before the stock market opens Thursday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures rise as Wall Street tries to rebound from Wednesday’s losses A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York, April 11, 2022. Andrew Kelly | Reuters […]
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Javier Olivan, who’s replacing Sheryl Sandberg at Meta, built his career on international expansion
Mark Zuckerberg, chief executive officer of Facebook Inc., right, pauses while speaking as Javier Olivan, vice president of growth and analytics at Facebook Inc., looks on at Billionaire Carlos Slim’s Telmex Foundation annual event for scholarship students in Mexico City, Mexico, on Friday, Sept. 5, 2014. Zuckerberg said he’s willing to spend whatever it takes […]
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Sheryl Sandberg was Facebook’s adult in the room, but it’s always been a Zuckerberg production
Mark Zuckerberg, chief executive officer of Facebook Inc., right, Sheryl Sandberg, chief operating officer of Facebook, left, applaud after remotely ring the opening bell for trading at the Nasdaq MarketSite from the Facebook campus in Menlo Park, California Zef Nikolla | Facebook | Bloomberg When Facebook held its Nasdaq debut 10 years ago, the prospectus […]
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