Technology
Britain plans new safeguards for stablecoins that go bust in wake of Terra’s collapse
The world’s biggest stablecoin, tether, saw more than $10 billion in redemptions in May, fueling fears of a 2008-style “bank run.” Justin Tallis | AFP via Getty Images Britain wants to make sure stablecoins don’t end up threatening the wider financial system following the collapse of controversial crypto project Terra. The government on Tuesday proposed […]
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Apple’s iPhone assembler says supply chain outlook better than feared, despite lockdowns
Customers walk past a digital display of the new green color Apple iPhone 13 pro inside the Apple Store on 5th Avenue in Manhattan, in New York, March 18, 2022. Mike Segar | Reuters Foxconn, a major supplier of Apple’s iPhones, said the impact of China’s Covid lockdowns on its operations wasn’t as bad as […]
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Apple’s new iPhone and iPad software will reportedly add lots of big changes
Apple iOS 15 Spotlight search Apple Apple is reportedly bringing a slew of new updates to iPhones and iPads with its upcoming software releases, iOS 16 and iPadOS 16, which the company is expected to announce during its WWDC 2022 developer keynote on June 6. The changes to the iPhone include updates to notifications, messages […]
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5 things to know before the stock market opens Tuesday
1. S&P 500 futures are lower after snapping long losing streak Traders on the NYSE, May 20, 2022. Source: NYSE S&P 500 futures were lower Tuesday morning, as Wall Street resumes trading following the Memorial Day holiday. Stocks posted strong gains last week, ending seven-week losing streaks for the S&P 500 and Nasdaq Composite and […]
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This electric vehicle stock is poised for a comeback as China lockdowns ease, Morgan Stanley says
Shutdowns in China have hit Nio hard, but the electric vehicle maker is ready for a rebound which could come as soon as the next 15 days, according to Morgan Stanley. China’s Covid lockdowns pummeled the electric automaker in recent months, shutting down production, suppressing vehicle sales, and delaying the launch of new models. However, […]
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Daiwa double upgrades Zoom, says market retreat presents a good entry point
The recent market sell-off that’s hard-hit the technology sector offers a “good entry point” for shares of Zoom Video , Daiwa Capital Markets said. Analyst Stephen Bersey double upgraded the popular stay-at-home beneficiary to outperform from underperform, saying in a Friday note to clients that the recent pullback in tech presents an excellent opportunity to […]
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Top crypto firms go on the hunt for acquisition targets as market crashes
Two top cryptocurrency companies, Ripple and FTX, told CNBC that they’re on the lookout for acquisitions as the industry hopes to drive growth through buying other firms. It is a sign that some crypto firms feel that they’re large enough and well capitalized to splash the cash on acquisitions. Brett Harrison, president of cryptocurrency exchange […]
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Investment banks pick their top stocks to buy in the ‘beaten down’ tech sector
Analysts at leading investment banks say a number of tech stocks present compelling buying opportunities right now — with some more than 30% off their 52-week highs. A storm of headwinds have hit tech stocks and investors are asking about names that are nearing the bottom, according to Bank of America . “Tech is facing […]
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BeReal is the latest buzzy social media app trying to go mainstream. Here’s how it works
Zoom In IconArrows pointing outwards BeReal | Jessica Bursztynsky Popular social media apps come and go with frequency, as developers try to find the next big that will go viral with Gen Z users. Most flame out long before reaching the status of an Instagram or Snapchat. Among the newbies gaining steam and aiming to […]
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What’s next for the ‘Metaverse’?
In the future, we could be spending more time in virtual worlds. That’s what the world’s tech giants are betting on anyway, as they push forward the Metaverse. Source
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