We're trimming tech stocks and an automaker because it never pays to fight the Fed
We're making several more trims, targeting tech and an economically sensitive automaker due to our concerns about an aggressively hawkish Fed.
CNBC Technology
Uber looks to create travel 'superapp' by adding planes, trains and rental cars
The San Francisco-headquartered firm announced Wednesday that it is adding trains, buses, planes and car rentals to its U.K. app this year.
Elon Musk spent $2.64 billion on Twitter shares so far this year, new filing shows
Twitter said in an SEC filing on Tuesday that Tesla CEO Elon Musk has purchased $2.64 billion worth of shares since the end of January.
Twitter confirms it is testing edit button after Elon Musk polls followers
The feature has been one of the most requested new features for the social networking service for over a decade
Elon Musk's Twitter board seat raises questions about his plans for the company
Analysts are already speculating whether the Tesla CEO may agitate for more control over Twitter now that he's a major shareholder and director.
Twitter shares rise after Elon Musk takes board seat
Twitter's stock climbed 2% on Tuesday after Elon Musk took a seat on the board of directors.
Elon Musk to join Twitter’s board of directors, teases 'significant improvements'
Musk took a 9.2% passive stake in the company.
Fintech stocks Toast, Affirm close down on analyst concerns about 'longer-term growth trajectories'
Toast and Affirm plummeted on Tuesday after analysts from MoffettNathanson issued words of caution.
Microsoft wants to help business customers simplify those annoying software updates
Despite its successful transition to the cloud, Microsoft still has a persistent problem when it comes to software updates. The company is trying to fix it.
Apple just announced its big annual conference starts June 6, new iPhone software expected
Apple usually unveils new iPhone, iPad, Apple Watch, Apple TV and Mac software at a presentation on the first day of WWDC.
Amazon signs massive rocket deal with 3 firms, including Bezos' Blue Origin, to launch internet satellites
Project Kuiper is Amazon's plan to build a network of 3,236 satellites in low Earth orbit, to provide high-speed internet to anywhere in the world.
There's a new way to quickly send U.S. dollars around the world with bitcoin
Lightning Labs announced it's launching the Taro protocol that will route stablecoins and other digital assets through the bitcoin monetary network.
Three former DeepMinders are developing A.I. to pick stocks and crypto
Three former DeepMind employees are trying to train a machine to spot and invest in company stocks and cryptocurrencies before they rise.
Wind energy needs dramatic increase to hit net-zero goals, new report says
The offshore wind segment installed 21.1 GW in 2021, its best ever year.
Twitter shares close up 27% after Elon Musk takes 9% stake in social media company
Tesla CEO Elon Musk has taken a big stake in the social media company Twitter, a regulatory filing released Monday showed.
SEC Chair Gensler says agency is planning greater oversight of crypto markets to protect investors
SEC Chair Gary Gensler announced on Monday several initiatives to expand investor safeguards in the crypto world.
Elon Musk thumbs his nose at the SEC again with Twitter stake
Musk failed to disclose his 9.2% stake in Twitter within the mandatory 10-day window, but SEC fines are historically toothless.
Twitter just had its best day since its IPO, thanks to Elon Musk
Twitter's stock soared after Tesla and SpaceX CEO Elon Musk acquired a 9.2% passive stake in the company.
Britain announces plans to mint its own NFT as it looks to 'lead the way' in crypto
U.K. Finance Minister Rishi Sunak has asked the Royal Mint to create and issue the NFT "by the summer," a government minister said Monday.
Morgan Stanley explains how unions could affect Amazon's bottom line
Morgan Stanley analysts estimated that if Amazon boosts JFK8 employees' hourly wages to $29, it could increase 2023 operating expenses by $203 million.
Business news related to the technology industry, including Apple, Amazon, Microsoft, Google, and Facebook, plus consumer electronics, start-ups, cryptocurrency, media, advertising, streaming, venture capital, antitrust and regulation.
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