In this article AAPL External View of the Apple store on Fifth Avenue on August 19, 2020 in New York City. VIEW press | Corbis News | Getty Images Apple closed its stores to indoor customer traffic at its New York City retail locations Monday due to a rise in Covid-19 cases in the city.
Technology
Chris Hondros | Newsmakers | Getty Images For the first time in five years, tech investors aren’t the life of the Wall Street party. As 2021 winds down, the tech-heavy Nasdaq Composite is up 23% for the year, trailing the S&P 500, which has climbed 28%, through Monday. The last two times the S&P 500
In this article FB This photo from Oculus shows what it might be like to play it in an apartment. Oculus The metaverse won Christmas this year. Meta, Facebook’s parent company, had the most popular app in Apple’s App Store on Christmas day: the Oculus virtual reality app. That’s the app people download to manage
In this article GOOGL Sundar Pichai, CEO of Alphabet, in Brussels, Belgium, on Jan. 20, 2020. Geert Vanden Wijngaert | Bloomberg | Getty Images Alphabet is on the verge of wrapping up its best year from an investment perspective since 2009, and has proven to be by far the top-performing Big Tech stock of 2021.
In this article NVDA FTNT ASAN SYNA UPST Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Technology stocks have been far from a sure bet since 2021 began its stretch run in mid-November. Inflationary concerns and fears of rising interest rates pushed investors out of software and internet
SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Electric carmaker Tesla is clearing the final hurdles to get its massive German “Gigafactory” up and running in the new year. The Berlin-Brandenburg plant has
A visual representation of cryptocurrencies. Jakub Porzycki | NurPhoto | Getty Images The International Monetary Fund is concerned about cryptocurrencies, particularly because the nascent market is growing at such a significant pace and regulation is not following suit. The total market value of all crypto assets surpassed $2 trillion in September this year — representing
In this article BIDU Baidu Vice President Ma Jie gives reporters in Beijing a preview on Dec. 21, 2021, of how the company’s metaverse app XiRang will host a developer conference. Baidu BEIJING — While metaverse hype has swept the world this year, one of China’s tech giants in the game has revealed a version
Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square speaks on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Jack Dorsey has been blocked on Twitter, the social media
Rivian electric trucks are seen parked near the Nasdaq MarketSite building in Times Square on November 10, 2021 in New York City. Michael M. Santiago | Getty Images If 2021 was the year for electric vehicle stocks, 2022 is the year for actual deliveries. At least that’s the wager. Investor money this year poured into
David Marcus, head of blockchain with Facebook Inc., waits for the start of a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, July 16, 2019. Andrew Harrer | Bloomberg | Getty Images It was a year of change for Facebook. The company was reborn as Meta, its first name change since Facebook dropped
In this article 9618-HK 700-HK JD.com plummeted Thursday after Tencent announced it will be giving most of its shares in the Chinese e-commerce giant away to its shareholders. Tencent said it will declare a one-time dividend in which it will distribute more than 457 million Class A ordinary shares of JD.com to shareholders, with a
Workers and supporters hold signs after filing a petition requesting an election to form a union outside the National Labor Relations Board (NLRB) regional office in the Brooklyn Borough of New York, on Monday, Oct. 25, 2021. Gabby Jones | Bloomberg | Getty Images A labor group seeking to organize Amazon warehouse workers on New
Matthew Lloyd | Bloomberg | Getty Images When a video game company only your kids have heard of goes public at a $38 billion valuation, you pay attention. When Microsoft‘s CEO drops the phrase “metaverse economies” on a quarterly earnings call, you pay attention. When Mark Zuckerberg says he’s going to spend $10 billion to
Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. FABRICE COFFRINI | AFP | Getty Images Google employees are pressing executives to bring back a part of the company’s culture that, in the past, made it a desirable place to work: candor.
This image shows a turbine at the Hornsea 2 offshore wind farm, in waters off the east coast of England. Orsted The Hornsea 2 offshore wind farm has produced its first power, Danish energy firm Orsted has said, with the announcement representing a significant milestone in the facility’s development. Situated in waters around 89 kilometers
The site of a roof collapse at an Amazon.com distribution center in Edwardsville, Illinois. Drone Base | Reuters Gary Quigley was nearing the end of his Amazon delivery route on Friday when he noticed the winds were picking up. Quigley had been listening to local radio stations in Edwardsville, Illinois, all afternoon to keep an
In this article CERN ORCL A sign is posted in front of Oracle headquarters on December 09, 2021 in Redwood Shores, California. Justin Sullivan | Getty Images Enterprise software giant Oracle will buy electronic medical records company Cerner in an all-cash deal for $95 per share, or approximately $28.3 billion in equity value. The deal, expected to
In this article ZM Zoom will continue to be relevant after the pandemic even when people return to the office, according to an executive from the video communications company. More organizations are moving toward a hybrid work model in which employees work both in the office and from home each week. “I think there are
Chesnot | Getty Images For years, the U.S. government has maintained a side hustle auctioning off bitcoin and other cryptocurrencies. Historically, Uncle Sam has done a pretty lousy job of timing the market. The 500 bitcoin it sold to Riot Blockchain in 2018 for around $5 million? That’s now worth north of $23 million. Or