Omar Marques | Lightrocket | Getty Images The U.S. Securities and Exchange Commission just approved the first-ever batch of spot bitcoin exchange-traded funds to come out of the U.S. The agency gave the green light on Wednesday to sponsors of 10 ETFs, including BlackRock, Invesco, Fidelity, Grayscale, and Ark Invest — paving the way for
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Anthony Scaramucci, founder and CEO of SkyBridge Capital, said Thursday that the U.S. Securities and Exchange Commission’s approval of the first spot bitcoin exchange traded funds should be viewed as a watershed moment for bitcoin. Speaking to CNBC’s Arjun Kharpal in the Swiss ski town of St. Moritz, Scaramucci said his New York-based hedge fund unexpectedly
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Amazon is laying off hundreds of employees across its Prime Video and MGM Studios divisions. Mike Hopkins, who oversees those units, sent a note to staffers on Wednesday informing them of the job cuts, according to a copy of the memo viewed by CNBC. An
People walk past a billboard advertisement for YouTube in Berlin, Germany, on Sept. 27, 2019. Sean Gallup | Getty Images YouTube is taking steps to fight against medical misinformation, especially when it comes to finding immediate tips on how to handle an emergency. The company on Wednesday introduced a feature called First Aid Information Shelves,
In this article U Follow your favorite stocksCREATE FREE ACCOUNT Krisanapong Detraphiphat | Moment | Getty Images Trend Micro has laid off 2% of its overall workforce. The Japanese cybersecurity giant, which employed 7,582 employees as of June 2023, announced the layoffs Tuesday, pitching it as part of a business transformation plan. “Trend Micro informed
Jaap Arriens | Nurphoto | Getty Images Microsoft’s multibillion-dollar investment in artificial intelligence firm OpenAI risks a potential full-blown merger investigation in the European Union, EU officials signaled Tuesday. The European Commission, which is the executive arm of the EU, said that it was embarking on a competition investigation looking at the markets for virtual
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple launched its Vision Pro headset at its annual WWDC event on Monday, ending months of speculation that the Cupertino tech giant was getting ready to launch its own VR or augmented reality product. Josh Edelson | AFP | Getty Images Apple’s Vision Pro will
In this article 7974.T-JP Follow your favorite stocksCREATE FREE ACCOUNT Nintendo said domestic sales of Splatoon 3 hit a record in the first three days of the game being on sale. Splatoon 3 proved to be a hit in Japan, helping keep momentum for Nintendo’s ageing Switch console. Philip Fong | AFP | Getty Images
In this article AUD Follow your favorite stocksCREATE FREE ACCOUNT The New York Stock Exchange welcomes executives and guests of Audacy (NYSE: AUD), today, Friday, April 9,2021, in celebration of its recent company rebrand. NYSE Audacy, the radio and podcast giant, said Sunday it filed plans for Chapter 11 bankruptcy protection to reduce its debt.
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk, CEO of Tesla and owner of X, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images Tesla is recalling more than 1.6 million cars in
In this article COIN Follow your favorite stocksCREATE FREE ACCOUNT LONDON, ENGLAND – NOVEMBER 09: In this photo illustration, a flipped version of the Coinbase logo is reflected in a mobile phone screen on November 09, 2021 in London, England. The cryptocurrency exchange platform is to release its quarterly earnings today. (Photo illustration by Leon
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple CEO Tim Cook listens as President Joe Biden speaks during a roundtable with American and Indian business leaders in the East Room of the White House in Washington, D.C., June 23, 2023. Anna Moneymaker | Getty Images Apple shares slid less than 1% during
In this article 2354-TW AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple’s iPhone 15 series devices are displayed for sale at The Grove Apple retail store on release day in Los Angeles on Sept. 22, 2023. Patrick T. Fallon | AFP | Getty Images Apple supplier and lead iPhone assembler Foxconn on Friday reported a
Chinese electric vehicle company Xpeng told CNBC on Friday that its newly launched X9 model could be a “game changer” for the industry. Xpeng launched the X9 large 7-seater EV on Jan. 1, a car built on its SEPA2.0 architecture for the Chinese market. The X9 series are priced between 359,800 yuan to 419,800 yuan (about $50,360
C.E.O. of Tesla, C.E.O. of SpaceX and C.T.O. of X Elon Musk speaks during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty Images The U.S. National Labor Relations Board has filed a complaint against SpaceX, alleging that Elon Musk’s defense contractor illegally fired
Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited’s Shopee and Tokopedia, according to Momentum Works. Matt Hunt | Lightrocket | Getty Images SINGAPORE — Alibaba-owned Lazada began its latest round of layoffs on Wednesday, a person with direct knowledge of the matter told CNBC, following a slew of media reports about cuts
In this article XRX Follow your favorite stocksCREATE FREE ACCOUNT Signage is displayed outside the Xerox headquarters in Norwalk, Connecticut. Michael Nagle | Bloomberg | Getty Images Xerox on Wednesday announced it will cut 15% of its workforce as part of a plan to implement a new organizational structure and operating model. Xerox, which offers
CUPERTINO, CALIFORNIA – SEPTEMBER 12: The new iPhone 15 Pro is displayed during an Apple event at the Steve Jobs Theater at Apple Park on September 12, 2023 in Cupertino, California. Justin Sullivan | Getty Images News | Getty Images Shares of Apple suppliers fell in Asia on Wednesday after Barclays downgraded the iPhone maker
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla just published its fourth-quarter vehicle production and deliveries report for 2023. Here are the key numbers: Total deliveries Q4 2023: 484,507 Total production Q4 2023: 494,989 Total annual deliveries 2023: 1,808,581 Total annual production 2023: 1,845,985 In 2022, the Elon Musk-led automaker reported annual deliveries of 1.31
In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Filip Radwanski | Sopa Images | Lightrocket | Getty Images Bitcoin had a huge rally in 2023, with the digital currency up some 152% for the year. And a number of commentators CNBC spoke to — both inside and outside of the cryptocurrency industry —
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