Technology
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Chamath Palihapitiya sells remaining $213 million personal stake in Virgin Galactic, stock falls 10%
Virgin Galactic leaders in front of the New York Stock Exchange, from left: CEO George Whitesides, founder Richard Branson and…
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Bitcoin’s chances of hitting $100,000 in 2021 stumble as Kanye West tipped to buy $100m
The likelihood of bitcoin reaching $100,000 in value this year has fallen to 36% following a difficult week for the…
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Mark Mobius: Yep we’re in a bubble, especially in crypto
Mark Mobius, the veteran emerging markets investor, has warned a bubble is forming in certain parts of the global financial…
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SpaceX denounces Justice Department’s subpoena in hiring practices investigation as ‘government overreach’
The SpaceX Falcon 9 rocket and Crew Dragon capsule stand upright on the launchpad at NASA’s Kennedy Space Center ahead…
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Buy this dip in Apple, Microsoft and these other tech stocks before they’re out of reach, says analyst
It has been a bad week for technology stocks. The Nasdaq tumbled 2.7% on Wednesday, and the slide continued in…
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Deliveroo picks London for $7bn IPO
Food delivery company Deliveroo has chosen London for its initial public offering. In a 4 March press release, the firm…
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Vaccine rollout helps end dry spell for UK equity fund inflows
Investment funds that invest specifically in UK-listed companies turned a corner in February, with the rapid rollout of Britain’s Covid…
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AMD releasing new gaming card amid chip shortage
Advanced Micro Devices Inc. said Wednesday it’s releasing a new model of gaming card amid shortages that have plagued customers…
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The Best Drones for Any Budget and Pilot
The essence of what a drone can do is lend you perspective—that is, to see, video, and photograph the world…
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Okta to buy competitor Auth0 for $6.5 billion, stock drops as earnings outlook comes up short
Okta Inc. shares dropped in the extended session Wednesday after the identity-management services company’s bottom-line outlook fell well short of…
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Zoom Video can still thrive in a post-vaccine world, analysts say
Zoom Video Communications Inc. continued to show strong momentum in its latest quarter, fueling optimism that the company can keep…
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TCS, Infosys, IT shares to beat price targets; buy for up to 70% gains, there’s no stopping IT bull run
Client spends are increasing, owing to higher cloud adoption across industries and geographies; substantial jump in tech spends led by…
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Here’s what UK fintech says the Kalifa Review got wrong
On 26 February, the long-awaited Kalifa Review of the UK fintech sector landed to great fanfare. Authored by former Worldpay…
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SpaceX is building a factory in Austin, Texas for Starlink satellite internet equipment
The contents of the Starlink Kit for customers, which includes the satellite antenna dish, a stand, its power supply, and…
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Japanese billionaire to fly eight members of the public on SpaceX moon flight
Japanese billionaire entrepreneur Yusaku Maezawa speaks at SpaceX’s headquarters in Hawthorne, California. Michael Sheetz | CNBC Japanese billionaire Yusaku Maezawa…
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Lyft sees best week for rides since pandemic began, stock rises sharply
In the best sign yet of a recovery in ride hailing, Lyft Inc. said Tuesday that it saw its largest…
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25 stocks of companies backed by rapid earnings growth as the economy reopens
With the pace of new COVID-19 cases slowing, many investors expect economic growth to accelerate over the course of 2021.…
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Chairman of Alibaba’s Ant Group insists IPO is still on the cards
The head of the Chinese fintech company Ant Group, which was prevented from listing in November by the country’s central…
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S&P 500 scores best day gain in about 9 months, as March kicks off with brighter economic outlook
U.S. stock-market benchmarks surged Monday, with the S&P 500 booking its best day of gains since June, as a gauge…
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FOMO driving billionaire hedge fund boss Daniel Loeb to ‘deep dive’ into cryptos?
Daniel Loeb, chief executive of hedge fund Third Point, said he has been on a “deep dive” into cryptocurrency recently…
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Rocket Lab CEO says SPAC deal is ‘a supercharger’ for growth and adds ability to launch astronauts
CEO Peter Beck stands at the base of the fairing, or nosecone, of the Neutron rocket the company is developing.…
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Warren Buffett owns more of a Chinese electric car company than General Motors
Chinese battery and electric vehicle maker BYD shows off a model of its Han EV series at the 2020 Beijing…
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Zoom earnings roared to nearly $1 billion in 2020, and the stock is rising again
Zoom Video Communications Inc.’s rip-roaring ride resumed its meteoric trajectory Monday, with shares jumping as the company detailed the results…
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Goldman Sachs revives cryptocurrency desk to cash in on bitcoin hype
Goldman Sachs has relaunched its trading desk for cryptocurrencies as demand for bitcoin and other digital assets continues to increase.…
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Small-launch leader Rocket Lab going public via a SPAC, with plans for bigger Neutron rocket
Rocket Lab CEO Peter Beck stands with one his company’s Electron rockets. Rocket Lab Rocket Lab, the leader among companies…
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M&A surges to record $405bn in February as tech deals boom: ‘2021 is shaping up to be incredibly busy’
Companies across the globe clinched almost $700bn worth of mergers and acquisitions during the first two months of the year,…
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Klarna valued at $31bn after Swedish fintech raises $1bn from funding round
Swedish payments giant Klarna has closed a fresh $1bn financing round, pushing the company’s valuation up to $31bn ahead of…
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Satellite data company Spire goes public via SPAC, adding to a growing list of public space plays
A Spire satellite pictured in orbit. Spire Global Small satellite builder and data specialist Spire Global is planning to go…
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Here’s how bitcoin could become the preferred unit for global trading, says Citigroup
Bitcoin has reached a “tipping point” that could see it either be adopted as the preferred currency for international trade…
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5 Big Stocks In Unexpected Downtrends
US Paper Currency, Currency, US Currency, American One Dollar Bill, Paper Currency getty Even with vaccinations now becoming widely available,…
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BET And Facebook Elevate Partner For Fireside Chat Series On Black Tech Entrepreneurship
BET and Facebook Elevate release the final episode of their weekly Black History Month digital series, “#GenBlack is Now.” Episode…
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U.S. trade deficit widens slightly in January, second highest on record
The numbers: The U.S. trade deficit in goods widened to $83.7 billion in January from a revised $83.2 billion in…
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Kalifa Review: All you need to know about the UK’s 106-page fintech report
Greater government oversight, hand-holding by regulators and a £1bn growth capital fund must be considered at pace if the UK…
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Nikola stock gains after narrower Q4 loss for electric-truck maker
Nikola Corp. late Thursday reported a narrower-than-expected adjusted quarterly loss and said it is refocusing on its “core businesses” around…
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Salesforce earnings live up to Benioff’s $20-billion goal, so now it’s on to the next one
Salesforce.com Inc. easily topped $20 billion in revenue for the first time in its recently completed fiscal year, so now…
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Relativity Space unveils a reusable, 3D-printed rocket to compete with SpaceX’s Falcon 9
An artist’s illustration of the difference in size between the company’s Terran 1 rocket, to the left, and the planned…
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$15 minimum wage won’t make it into Biden’s $1.9 trillion COVID relief package — but lawmakers have other options
Democratic lawmakers pushing to increase the federal minimum wage to $15 an hour were elated when President Joe Biden included…
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Data firm that monitors Reddit says it saw GameStop mentions spiking days ago
Mentions of GameStop increased on Reddit days before shares of the video-game retailer took off again, according to Justin Zhen,…
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DoorDash shares sink as revenue more than triples but loss more than doubles
DoorDash Inc., the food-delivery app whose pandemic-fueled boom helped it pull off one of 2020’s biggest IPOs, said in its…
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Cramer warns the GameStop surge has everybody unrealistically looking for stocks about to triple
CNBC’s Jim Cramer on Thursday questioned “are prices real” on Wall Street anymore, as he exasperatingly tried to explain GameStop‘s…
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An Ever-Moving, Unloved Fish Is Stirring Chaos in the North Atlantic
The Northeast Atlantic mackerel is a small fish with grey or greenish-blue scales and tigerlike black stripes from mouth to…
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This stock fund may be for you if you want to sleep well at night and still make money
Just about every financial adviser recommends that individual investors avoid timing the stock market. That advice can go in one…
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Foxconn to Build Cars for Electric-Vehicle Startup Fisker
Foxconn Technology Group, 2317 4.07% the world’s biggest electronics contract manufacturer, has agreed to assemble cars for electric-vehicle startup Fisker…
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Nvidia’s quarterly sales topped $5 billion for first time amid holiday scramble for gaming gear
Nvidia Corp. reported Wednesday that quarterly topped $5 billion for the first time in the fourth quarter, as holiday gaming…
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The Mediterranean’s Red Gold Is Running Out
On a golden day last September, I visited the ruins of the first Greek city on the Iberian Peninsula, a…
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These are the stocks helping to tank the high-flying ARK Innovation ETF over the past week
(Updates story with closing prices for Feb. 23.) The Ark Innovation ETF has been a top performer. But there are…
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Tesla stock’s drop likely related to bitcoin bet
Tesla Inc. stock entered a bear market on Tuesday and a few analysts pinned that on the Silicon Valley electric-car…
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Here’s what investors should know about rocket builder Astra as it prepares to go public
Rocket 3.2 launches from Kodiak, Alaska. Astra / John Kraus Rocket builder Astra is preparing to go public in the…
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Should I buy bitcoin? Why the cryptocurrency is on the verge of a bear market
Bitcoin was on the brink of entering a bear market Tuesday as the volatile crypto asset suffered a double-digit plunge…
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‘A necessity, not a token’ – What it’s like to be LGBTQ+ in fintech and the City
As the City tries to become more diverse, companies are considering who to turn to for answers. In 2021, diversity…
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