Chinese buyers not living in lockdown shake off electric car price hikes, Xpeng says
In a sign Chinese drivers are still willing to buy electric, start-up Xpeng said that demand for its cars has shaken off the impact of price hikes.
CNBC Technology
Bitcoin Pizza Day and NFTs: Crypto players take over main strip in Davos even after market crash
The industry's strong showing at Davos comes despite a recent market crash. More than $500 billion has been wiped off the crypto market in the last month.
Electronics are set to get even more expensive as chip giants hike their prices
Products that rely on semiconductors are set to get even more expensive as chip foundries prepare to increase their prices, according to analysts.
Snap plunges 30% after CEO warns company will miss revenue and earnings estimates, slow hiring
Snap will miss its own targets for revenue and adjusted earnings in the current quarter, CEO Evan Speigel warned on Monday in a note to employees.
New York City removes the last payphone from service
The city has been installing LinkNYC kiosks, which offer services like free phone calls, Wi-Fi and device charging.
Zoom pops 16% on first-quarter earnings beat and strong guidance
Zoom shares have lost about 85% of their value since peaking October 2020, and are down by more than half this year.
Airbnb is closing its domestic business in China, sources say
All mainland Chinese listings — homes and experiences — will be taken down by this summer.
Broadcom, VMware deal could be announced by Thursday, sources say
Shares of VMware surged on reports that Broadcom is in talks to acquire the company.
Tether withdrawals top $10 billion as regulators raise alarm about stablecoins
Tether has seen its circulating supply plunge from a record $84 billion on May 11 to around $73 billion as of Monday.
Bitcoin could fall to $8,000, a more than 70% plunge, Guggenheim's Minerd says
Guggenheim Chief Investment Officer Scott Minerd said most crypto is "junk" but bitcoin and ethereum will survive.
Crypto exchange FTX quietly shops for brokerage start-ups amid move into stock trading, sources say
FTX has been on the hunt to buy brokerage start-ups as the crypto exchange moves into stock trading and its CEO takes a stake in Robinhood, sources say.
DC AG sues Meta CEO Zuckerberg over Cambridge Analytica privacy scandal
The lawsuit comes after a judge rejected Racine's attempt to add Zuckerberg as a defendant on his original consumer protection complaint against Facebook.
Hyundai plans $5 billion investment in U.S. on mobility technology such as autonomous driving and robotics
The operations are expected to open during the first half of 2025, with an annual production capacity of 300,000 vehicles,
EBay is entering the NFT business, with an assist from hockey legend Wayne Gretzky
EBay is launching 13 limited-edition NFT collectibles, each of which contains a 3-D animated rendering of hockey legend Wayne Gretzky's famous moves on the ice.
Russia dominates nuclear power supply chains — and the West needs to prepare now to be independent in the future
A new report from Columbia University's Center on Global Energy Policy details how Russia dominates the supply chains of nuclear power around the globe.
Where the billions spent on autonomous vehicles by U.S. and Chinese giants is heading
Billions of dollars are being spent to bring self-driving vehicles to the road. Commercial autonomous vehicles like robotaxis may be first.
Christine Lagarde says crypto is worth nothing
Lagarde said she thinks crypto should be regulated to protect inexperienced investors.
Renault reveals electric-hydrogen hybrid concept car, says it will have range of up to 497 miles
Renault's idea of developing a passenger vehicle that uses hydrogen technology is not unique.
'The next era of humanity's technological development': U.S. and its Asian allies get serious about semiconductors
The countries have made clear in recent days how much strategic importance they place on semiconductors — including export controls to China.
China's state-backed blockchain company is set to launch its first major international project
BSN's international product called the the Spartan Network will eventually be made up of public blockchains that do no operate with cryptocurrencies.
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