Technology

Chinese consumer electronics company Xiaomi revealed Thurs., Dec. 28, 2023, its long-awaited electric car, but declined to share its price or specific release date. CNBC | Evelyn Cheng BEIJING — Chinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla’s Model 3, as price wars heat up in

THE HAGUE, NETHERLANDS – MARCH 23:Dutch Prime Minister Mark Rutte meets with the President of the People’s Republic of China Xi Jinping at the Catshuis March 23, 2014 in The Hague, Netherlands. (Photo by Valerie Kuypers-Pool/Getty Images Valerie Kuypers-Pool | Getty Images News | Getty Images China’s technological progress cannot be stopped, Chinese President Xi

In this article TSLA ZE594-CN Follow your favorite stocksCREATE FREE ACCOUNT A BYD Co. Atto 3 electric sport utility vehicle (SUV) on day two of the Geneva International Motor Show in Geneva, Switzerland, on Tuesday, Feb. 27, 2024.  Bloomberg | Bloomberg | Getty Images China-made electric vehicles will make up more than a quarter of

Wenjin Chen | Digitalvision Vectors | Getty Images Britain’s financial services regulator announced guidelines for financial services companies and social media influencers making memes about cryptocurrencies and other investments in a bid to tackle a rise in scams. The Financial Conduct Authority said in a statement Tuesday that any marketing for financial products — including

Israeli-American businessman Adam Neumann speaks during The Israeli American Council (IAC) 8th Annual National Summit on January 19, 2023 in Austin, Texas. Shahar Azran | Getty Images Adam Neumann has sent a preliminary offer to buy WeWork out of bankruptcy for more than $500 million, five years after he was ousted by the office-sharing company

In this article ZE594-CN TSLA Follow your favorite stocksCREATE FREE ACCOUNT In the U.S., Tesla may be at the forefront of the electric vehicle revolution, but abroad, the carmaker has some serious competition. In China, the world’s largest EV market, Tesla has been losing ground to domestic automakers who are increasingly building better cars at

The Microsoft logo is on display at the Mobile World Congress in Barcelona, Spain, on February 26, 2024.  Charlie Perez | Nurphoto | Getty Images Microsoft said Monday it has selected company veteran Pavan Davuluri to lead its Windows operating system and Surface devices teams. Davuluri, who joined Microsoft in 2001 and has been corporate

In this article MASI Follow your favorite stocksCREATE FREE ACCOUNT Joe Kiani, CEO, Masimo Scott Mlyn | CNBC Health-tech company Masimo, best known for its successful patent litigation over the Apple Watch, is facing a proxy fight for the second time in two years — from the same activist investor who now sits on the

In this article GS MS Follow your favorite stocksCREATE FREE ACCOUNT The New York Stock Exchange welcomes Reddit, Inc. (NYSE: RDDT) to celebrate its initial public offering. To honor the occasion, Snoo, rings the Opening Bell®. NYSE Wall Street’s tech IPO bankers may finally have a reason to break out the champagne after an extended

Deep-pocketed, sovereign wealth funds are among the investors clamoring to get a stake in Anthropic, the red-hot artificial intelligence startup that’s taking on OpenAI. One country that’s being left out: Saudi Arabia. As bankers line up a group of potential new Anthropic backers, the company has ruled out taking money from the Saudis, according to

In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT The Justice Department’s top antitrust official said Friday that Apple shareholders should encourage the company to “compete on the merits,” one day after the government sued the iPhone maker over allegedly anticompetitive practices. “Competition on the merits is good for everybody,” Jonathan Kanter, assistant attorney

Vodafone announced plans to cut 11,000 jobs as part of a turnaround plan from the company’s newly-appointed CEO Margherita Della Valle. Paul Hanna | Bloomberg | Getty Images The U.K.’s Competition and Markets Authority on Friday said Vodafone’s proposed merger with rival CK Hutchison will face an in-depth probe, unless the two mobile operators provide

In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple CEO, Tim Cook, testifies before the Senate Homeland Security and Governmental Affairs Committee’s Investigati Getty Images The U.S. Department of Justice sued Apple on Thursday, accusing it of using the iPhone’s market power to cut off rivals, kicking off a multi-year process involving hundreds

A view shows the office of TikTok after the U.S. House of Representatives overwhelmingly passed a bill that would give TikTok’s Chinese owner ByteDance about six months to divest the U.S. assets of the short-video app or face a ban, in Culver City, California, March 13, 2024.  Mike Blake | Reuters Kevin O’Leary is putting

In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple CEO Tim Cook listens during a program at the Asia-Pacific Economic Cooperation Leaders’ Week at Apple Park in San Francisco on Nov. 17, 2023. Andrew Caballero-Reynolds | AFP | Getty Images The Department of Justice sued Apple on Thursday, saying its iPhone ecosystem is

In this photo illustration a Reddit logo is seen displayed on a smartphone. Mateusz Slodkowski | Sopa Images | Lightrocket | Getty Images Reddit, the 19-year-old website that hosts millions of online forums, priced its IPO on Wednesday at $34 a share, the top of the expected range. The offering brought in $519 million, according

The Neuralink logo is displayed on a smartphone with Neuralink visible in the background in this photo illustration in Brussels, Belgium, on January 30, 2024. Jonathan Raa | Nurphoto | Getty Images Elon Musk’s startup Neuralink streamed a live video on Wednesday that showed a patient using the company’s brain implant to move a mouse

PIF Managing Director Yasir bin Othman Al-Rumayyan attends the Russian-Saudi Investment Forum held at the Ritz-Carlton Moscow Hotel. Sergei Bobylev | TASS via Getty Images DUBAI, United Arab Emirates — Saudi Arabia’s sovereign wealth fund is in talks with American venture capital firm Andreessen Horowitz and potentially others to create a $40 billion fund to

In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Nvidia’s next-generation graphics processor for artificial intelligence, called Blackwell, will cost between $30,000 and $40,000 per unit, CEO Jensen Huang told CNBC’s Jim Cramer. “This will cost $30 to $40 thousand dollars,” Huang said, holding up the Blackwell chip. “We had to invent some new

Bitcoin. Nurphoto | Getty Images Bitcoin extended its slide on Tuesday, dropping more than $10,000 from its all-time high last week. The flagship cryptocurrency was last lower by 6% at $62,918.35, according to Coin Metrics. Last week it climbed to a record $73,679. The move helped drag other cryptocurrencies lower. Ether lost more than 5%