Ripple will have spent $200 million fighting SEC lawsuit, CEO says
Ripple will have spent $200 million by the time its legal battle with the U.S. Securities and Exchange Commission is over, CEO Brad Garlinghouse said Monday.
CNBC Technology
'A very problematic market': As Arm shuns London, tech investors question UK as an IPO destination
British chip designer Arm recently decided to list in New York, leading to worries that London will miss out on more blockbuster tech IPOs.
Threat of TikTok ban has creators scrambling to build followings on Instagram, YouTube
As U.S. lawmakers threaten a nationwide TikTok ban, creators are worried about what that would mean for their livelihood.
Ether rallies 5% as meme mania tries to reenter the crypto market
A surge in popularity of crypto's newest memecoins helped drive transactions on the Ethereum network.
Apple and fintechs like Robinhood chase yield-hungry depositors as Fed rate hikes continue
The jump in interest rates coupled with the regional banking crisis has presented a big opportunity for fintechs to provide high-yield products.
Lyft shares plunge 15% on weak second-quarter guidance
Lyft reported better-than-expected revenue for the first quarter, but the company's guidance spooked investors
AMD jumps on report Microsoft is collaborating on A.I. chip push
Unlike top U.S. cloud competitors Amazon and Google, Microsoft hasn't launched a chip that developers can use to train artificial-intelligence models.
OpenAI changed its plans and won't train on customer data, Sam Altman says
The ChatGPT creator quietly changed its terms of use in March to opt API customers out of the training, but most people will still have their inputs collected.
Apple posts record quarter in India; analyst says Cook eyes market to be bigger than China
Apple has positioned India as a key market for iPhone sales as well as manufacturing as it looks to reduce its reliance on China.
Tesla hikes price of high-end Model S and Model X in China by roughly $2,750
Tesla raised the prices by 19,000 Chinese yuan ($2,749) across all versions of the Model S and Model X cars.
Tech giant PDD Holdings, parent of Pinduoduo and Temu, moves headquarters from China to Ireland
PDD Holdings' move perhaps signals the Chinese tech giant's attempt to boost its international presence with U.S. shopping app Temu.
Samsung union threatens first strike in company's history as pressure mounts after profit plunge
Samsung is facing a testing time after its operating profit in the first quarter plunged to its lowest level since 2009 on weak memory chip demand.
CEO Tim Cook says layoffs are a 'last resort' and not something Apple is considering right now
Apple doesn't have plans for big layoffs, CEO Tim Cook told CNBC while discussing the company's earnings on Thursday.
Apple reports better-than-expected quarter driven by iPhone sales
Apple reported earnings after the bell. Here are the results.
CEO of fitness band maker Whoop mocks the demise of Amazon's Halo health device
Whoop CEO Will Ahmed said he views the demise of Halo as a win for his startup after alleging that Amazon copied it; Amazon strongly denies the allegations.
Lawmakers update Kids Online Safety Act to address potential harms, but fail to appease some activists, industry groups
As Congress and President Joe Biden have made clear kids online protections are a key priority, KOSA has become one of the leading bills on the subject.
Shopify cuts 20% of its workforce; shares surge on earnings beat
The cuts represent the second round of layoffs for Shopify in the last year.
Virgin Islands issued subpoena to Google co-founder Larry Page in lawsuit against JPMorgan Chase over Jeffrey Epstein
The U.S. Virgin Islands is suing JPMorgan Chase for alleged complicity in sex trafficking by Jeffrey Epstein.
Crypto has ‘lost its shine’ for institutional investors, says Northern Trust executive
Institutions lost interest in crypto after 2022 and their appetite for it hasn't come back yet, according to Northern Trust's Justin Chapman.
Google employees complain about CEO Sundar Pichai's pay raise as cost cuts hit rest of the company
Google CEO Sundar Pichai received $226 million last year, mostly through stock awards, making him one of the highest-paid CEOs in the U.S.
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