Technology
Apple is no longer the world’s most valuable company
Tim Cook, CEO of Apple Inc. Adam Jeffery | CNBC Oil giant Saudi Aramco on Wednesday surpassed Apple as the world’s most valuable firm. Aramco’s market valuation was just under $2.43 trillion on Wednesday, according to FactSet, which converted its market cap to dollars. Apple, which fell over 5% during trading in the U.S. on […]
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Google teases smart glasses prototype that translates languages in real time
Google AR glasses prototype Google Google CEO Sundar Pichai on Wednesday teased a pair of smart glasses capable of translating languages in real-time. Pichai showed a video demo of the glasses during Google’s I/O developer summit. While they’re still just a prototype, Google suggested the glasses can show live language translations to the person wearing […]
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Google announces its first smartwatch, a new budget phone and more
Google announced several new gadgets during its I/O developer conference on Wednesday, including its long-awaited Pixel Watch, a new budget Pixel 6a phone and headphones. It also teased its flagship Pixel 7 phone, which is coming this fall, and said it’s working on a new tablet. Hardware isn’t a key part of Google’s business, but […]
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Grayscale tells SEC that turning biggest bitcoin fund into ETF will unlock $8 billion for investors
Michael Sonnenshein, CEO, Grayscale Investments at the NYSE, April 18, 2022. Source: NYSE Grayscale, the asset manager running the world’s largest bitcoin fund, met privately with the Securities and Exchange Commission last week in an effort to persuade the regulator to approve the conversion of its flagship fund into an ETF, CNBC has learned. Turning […]
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Roblox pops 10% after initial earnings dip
A child looks back at a banner for Roblox, displayed to celebrate the company’s IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, March 10, 2021. Brendan McDermid | Reuters Shares of Roblox were up 10% on Wednesday morning, marking a stark turnaround from an initial 10% plunge Tuesday […]
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Five U.S. states order a metaverse casino with alleged ties to Russia to halt sale of NFTs
Zoom In IconArrows pointing outwards Source: Flamingo Casino Club Regulators in five states simultaneously filed emergency orders Wednesday against a virtual casino they say has ties to Russia and that has been operating in the metaverse, a digital world where participants can interact with each other, purchase products and even gamble. State law enforcement officials […]
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Coinbase shares dive 16% after revenue miss
Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Shares of Coinbase plunged about 16% on Wednesday morning after the company reported shrinking revenue and declining users. Coinbase said Tuesday that revenue fell 27% […]
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Airbnb just did its biggest redesign in a decade — here’s what’s new
Airbnb announced a handful of updates to its platform on Wednesday, with CEO Brian Chesky billing it as “the biggest change to Airbnb in a decade.” The features, announced during its virtual summer event, include a new way to search, the option to split stays between homes and additional guest protections. The updated app and […]
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Europe wants to fight online child abuse. Critics fear it may erode privacy
Policymakers have long wrestled with tech giants over the potential abuse of encrypted messaging services such as WhatsApp and iMessage. Chesnot | Getty Images The European Union on Wednesday unveiled tough new proposals that would require online platforms to more aggressively screen and remove child abuse online. Proposed legislation would allow EU countries to ask […]
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5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures rise ahead of key inflation report, after volatile session Traders on the floor of the NYSE, May 10, 2022. Source: NYSE U.S. stock futures rose Wednesday ahead of the first of two key inflation reports […]
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