Bitcoin jumps above $19,000 to highest level since November on cooling U.S. inflation
The world's largest digital currency climbed above $18,000 for the first time since Dec. 14, increasing in value by about 5% in the last 24 hours.
CNBC Technology
Market history says a recession could produce the next Airbnb or Slack
The Silicon Valley startup economy has been decimated by rising interest rates and the market downturn, but some of the best tech has been born of recession.
Assassin's Creed maker Ubisoft sinks to seven-year low after slashing guidance, cancelling games
Ubisoft shares slumped as low as 18.80 euros apiece Thursday morning, hitting their lowest level in nearly seven years.
Rent the Runway to sell secondhand luxury on Amazon as it chases profitability
Rent the Runway began selling its secondhand luxury clothes Thursday on Amazon as the subscription-based startup continues to chase profitability.
Alphabet to cut staff of health sciences unit Verily by 15%
It's the first known layoff to hit the Google parent company in the current tech downturn.
FAA system outage disrupts thousands of flights across U.S.
U.S. flights were delayed after the Federal Aviation Administration suffered an outage of the system that sends messages to pilots.
Swiss company that counts Microsoft as a customer says it's removed CO2 from the air and put it in the ground
Swiss company Climeworks says it's making good on future removals Microsoft, Shopify and Stripe have paid for.
Ubisoft cancels three games and slashes targets, citing 'worsening macroeconomic conditions'
Ubisoft said it expects its 2022 net bookings to fall 10%, after an earlier forecast called for an increase of 10%.
FTX has recovered $5 billion worth of 'liquid' assets, lawyers say
FTX lawyers said they had recovered $5 billion of assets, including cash and crypto, bringing customers closer to recovering from the exchange's collapse.
Apple reportedly considering touchscreen Mac laptop for 2025
The move, if it were to happen, would mark a significant reversal for Apple, which has said for years that touchscreen laptops are ergonomically inferior.
Amazon union victory at Staten Island warehouse upheld by federal labor board
Amazon said it intends to appeal the National Labor Relations Board's ruling.
Microsoft looked at buying Figma but declined to put in an offer as Adobe deal was nearing
Microsoft had its hands full with Activision Blizzard but was also seeing how Figma's software was taking off internally.
Why the Winklevoss brothers are in a $900 million crypto faceoff with Barry Silbert
Digital Currency Group's Barry Silbert and Cameron Winklevoss have been engaged in a public war of words over the fate of $900 million.
Barclays cuts Apple price target on concerns over demand weakness, slowing services growth
Barclays cut its Apple price target from $144 per share to $133 per share and said it's also slashing its revenue estimates by 7%.
Biden's plea to lawmakers in rare op-ed: Unite to hold tech accountable
In a WSJ op-ed, Biden made one of the most pointed calls yet for Congress to take action on topics including digital privacy, competition and online safety.
Flexport to lay off 20% of its global workforce
Flexport, the supply chain software startup, is laying off 20% of its workforce, roughly 640 employees, as trade volumes weaken in a global economic downturn.
Tesla plans to spend more than $770 million on Texas factory expansion
The Elon Musk-led automaker officially opened its Texas factory in April 2022, and builds some of its Model Y crossover vehicles there.
Crypto exchange Binance plans 15%-30% hiring spree in 2023 even as rivals slash jobs
Crypto exchange Binance plans to increase the number of staff by between 15% and 30%, CEO Changpeng Zhao said.
Apple Maps is getting a big update. Here's what it looks like
The features announced on Wednesday are free and Apple isn't selling ad units in Maps.
IPO market remains frozen, but could rebound later this year, tech analyst says
As the IPO market remains frozen, one tech analyst is optimistic that we could see a rebound in public listings as early as the second half of this year.
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