Coinbase made a rousing debut on Wall Street, with shares of the digital currency exchange rising as high as $429, briefly giving it a market value over $100 billion. Coinbase Global Inc.‘s initial public offering happened with cryptocurrency chatter seemingly everywhere, even at the U.S. Federal Reserve. Digital currencies are being incorporated into business plans […]
Search results for "stock"
Chinese regulators have ordered Ant Group, a financial affiliate of e-commerce giant Alibaba Group Holding, to become a financial holding company to ease financial oversight amid stepped up scrutiny of technology firms. In a meeting Monday, the central bank and other financial regulators also ordered Ant to cease anti-competitive behavior in its payments business and […]
Alibaba Group, the world’s biggest e-commerce company, was fined 18.3 billion yuan ($2.8 billion) by Chinese regulators on Saturday for anti-competitive tactics, as the ruling Communist Party tightens control over fast-growing tech industries. Party leaders worry about the dominance of China’s biggest internet companies, which are expanding into finance, health services and other sensitive areas. […]
As the U.S. economy rebounds from its pandemic slump, a vital cog is in short supply: the computer chips that power a wide range of products that connect, transport and entertain us in a world increasingly dependent on technology. The shortage has already been rippling through various markets since last summer. It has made it […]
Riders for the app-based meal delivery platform Deliveroo held a strike in London Wednesday over pay and working conditions, part of a broader backlash against one of the U.K.’s biggest gig economy companies. Scooter and bicycle delivery riders waving flags and red smoke flares rode through the streets of Central London. Socially distanced protests were […]
The president and auto industry maintain the nation is on the cusp of a gigantic shift to electric vehicles and away from liquid-fueled cars, but biofuels producers and some of their supporters in Congress aren’t buying it. They argue that now is the time to increase sales of ethanol and biodiesel, not abandon them. To […]
In a MedTech first for the Mediterranean country of Lebanon, a team from the American University of Beirut (AUB) has established a biotech corporation in the U.S. devoted research on biomarkers for cardiovascular disease. The school told Inside Telecom that team physicians and scientists from AUB have founded the first US-based biotech S-Corporation, Teucer Biotech […]
Trading in Toshiba stock was halted Wednesday after the Tokyo-based technology conglomerate confirmed it had received a preliminary acquisition proposal. Toshiba Corp. said it had asked for more details on the proposal it had received on Tuesday, was giving it “careful consideration” and would make an announcement “in due course.” Major Japanese newspaper Nikkei reported […]
Maybe the Luka Doncic rookie basketball card that recently sold at auction for a record $4.6 million was a bit rich for your blood. Perhaps you’d be interested in a more affordable alternative — say, a virtual card of the Dallas Mavericks forward currently listed for a mere $150,000? Not long ago, there’s no way […]
Chinese tech giant Huawei said Wednesday it eked out higher sales and profit last year but growth plunged after its smartphone unit was hammered by U.S. sanctions imposed in a fight with Beijing over technology and security. China’s first global tech brand reported sales of phones, network gear and other technology rose 3.8% over 2019 […]