Technology
5 things to know before the stock market opens Monday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks steady after two-week winning streak Traders on the floor of the NYSE, March 21, 2022. Source: NYSE U.S. stock futures rose slightly Monday. Wall Street was looking to close out a monthly gain for […]
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Elon Musk says he’s considering building a new social media platform
Elon Musk pauses and looks down as he speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. Jim Watson | AFP | Getty Images Elon Musk said he is giving “serious thought” to building a new social media platform in a Tweet on Saturday. […]
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Tesla wants to split its stock so it can pay a stock dividend; shares gain
Founder and CEO of Tesla Motors Elon Musk speaks during a media tour of the Tesla Gigafactory, which will produce batteries for the electric carmaker, in Sparks, Nevada. James Glover II | Reuters Tesla wants to split its stock so it can pay a stock dividend to shareholders, according to a filing Monday. The Securities […]
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Amazon, Walmart and more: Cowen loves these stocks it says can beat surging inflation
Cowen has identified several tech and internet stocks it rates as likely to outperform, some of which are set to return “at least” 15% over the next 12 months. Source
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Tesla to halt Shanghai factory production amid Covid curbs, Bloomberg News reports
Aerial view of the Tesla Shanghai Gigafactory on Mar. 29, 2021 in Shanghai, China. Xiaolu Chu | Getty Images News | Getty Images Tesla is planning to suspend production at its Shanghai factory for at least one day, Bloomberg News reported on Sunday, as China’s financial hub said it would go into a lockdown in […]
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The Tesla Roadster is an endangered species — meet the community keeping it alive
The year was 2006, the concept of electric vehicles expensive and impractical. But a small engineering team had an unorthodox vision for a car that could truly showcase the potential of electrification. That summer, then-fledgling start-up Tesla Motors unveiled its tour de force to the world — the Roadster. Right out of the gate, the […]
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Amazon faces another high-stakes union election as vote kicks off in Staten Island
Workers stand in line to cast ballots for a union election at Amazon’s JFK8 distribution center, in the Staten Island borough of New York City, U.S. March 25, 2022. Brendan Mcdermid | Reuters On Friday afternoon, a stream of Amazon workers exited a sprawling warehouse on New York’s Staten Island after wrapping up the daytime […]
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Britain will reveal crypto regulation plans in coming weeks, sources say
Britain’s Chancellor of the Exchequer Rishi Sunak leaves the 11 Downing Street, in London, on March 23, 2022. Daniel Leal | AFP | Getty Images LONDON — The U.K. government will soon reveal plans to regulate the cryptocurrency market, focusing on a fast-growing type of token known as stablecoins, according to four industry sources familiar […]
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Uber wins 30-month London license, ending a lengthy battle with city regulators
Peter Summers | Getty Images LONDON — Uber has secured a 30-month license to continue operating in London, ending a protracted battle with city regulators over whether the ride-hailing app was “fit and proper.” “Uber has been granted a London private hire vehicle operator’s license for a period of two and a half years,” a […]
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Exxon is mining bitcoin in North Dakota as part of its plan to slash emissions
A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters ExxonMobil, the top oil and gas producer in the U.S., is piloting a project to mine bitcoin in North Dakota, according to people with knowledge of the matter. For over a year, Exxon has been working with Crusoe Energy Systems, a […]
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