Dado Ruvic | Reuters The Bitcoin network on Friday night slashed the incentives rewarded to miners in half for the fourth time in its history. The celebrated event, which takes place about once every four years as mandated in the Bitcoin code, is designed to slow the issuance of bitcoins, thereby creating a scarcity effect
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The Bitcoin network on Friday evening completed its fourth “halving,” reducing the rewards earned by miners to 3.125 bitcoins from 6.25. The price of bitcoin fell about 4% this week to about $64,100, according to Coin Metrics. Mechanically, the halving itself shouldn’t affect the price of bitcoin in the short term, but many investors are
A drone operator loads a Walmart package into Zipline’s P1 fixed-wing drone for delivery to a customer home in Pea Ridge, Arkansas, on March 30, 2023. Bunee Tomlinson Autonomous delivery drone startup Zipline said Friday that it hit its 1 millionth delivery to customers and that it’s eyeing restaurant partnerships in its next phase of
In this article AAPL META Follow your favorite stocksCREATE FREE ACCOUNT Apple CEO Tim Cook looks on following a conversation on mental health, during a spousal program on the last day of the Asia-Pacific Economic Cooperation (APEC) Leaders’ Week at Apple Park in San Francisco, California, on November 17, 2023. Andrew Caballero-Reynolds | AFP |
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla’s new Cybertruck is shown on display at a Tesla store in San Diego, California, on Dec. 9, 2023. Mike Blake | Reuters Tesla has issued a voluntary recall of 3,878 Cybertrucks to fix a “stuck pedal” issue that had been depicted in a viral
In this article MSTR Follow your favorite stocksCREATE FREE ACCOUNT Michael Saylor, chairman and chief executive officer at MicroStrategy, during an interview at the Bitcoin 2023 conference in Miami Beach, Florida, US, on Thursday, May 18, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images MicroStrategy founder and bitcoin evangelist Michael Saylor entered into a
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk, Chief Executive Officer of Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, June 16, 2023. Gonzalo Fuentes | Reuters Tesla CEO Elon
In this article GOOGL GOOG Follow your favorite stocksCREATE FREE ACCOUNT Google and Alphabet Inc. CEO Sundar Pichai arrives at the federal courthouse in Washington, Monday, Oct. 30, 2023. Jose Luis Magana | AP Google terminated 28 employees Wednesday, according to an internal memo viewed by CNBC, after a series of protests against labor conditions
KUALA LUMPUR, MALAYSIA – 2018/01/24: A foreigner is seen with a Malaysia flag as a background. Kuala Lumpur or commonly known as KL is the national capital for Malaysia and is the fastest growing metropolitan regions in South-East Asia. The urban city is also well known to the world for tourism and shopping. Kuala Lumpur
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Vehicles sit parked outside the Tesla Inc. solar panel factory in Buffalo, New York, U.S., on Wednesday, Dec. 26, 2018. Andrew Harrer | Bloomberg | Getty Images Tesla is laying off 285 employees in the state of New York as part of a broader restructuring
In this article GOOG GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Google employees protest in New York on April 17th, 2024. Courtesy: No Tech For Apartheid Nine Google workers were arrested on trespassing charges Tuesday night after staging a sit-in at the company’s offices in New York and Sunnyvale, California, including a protest in Google
In this article GOOGL GOOG Follow your favorite stocksCREATE FREE ACCOUNT Alphabet Chief Financial Officer Ruth Porat. Adam Galica | CNBC Alphabet Chief Financial Officer Ruth Porat said in a memo Wednesday that Google is restructuring its finance organization, a move that will include layoffs and relocations, as the company pushes resources to favor investments
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk attends the premiere of ”Lola” held at the Regency Bruin Theatre in Los Angeles, California, U.S., February 3, 2024. Aude Guerrucci | Reuters Tesla said Wednesday it will ask shareholders to reinstate CEO Elon Musk’s $56 billion pay package, which a Delaware judge voided
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple CEO Tim Cook gestures as he arrives for a meeting with Indonesia’s President Joko Widodo at the Merdeka Palace in Jakarta on April 17, 2024. Bay Ismoyo | AFP | Getty Images Apple CEO Tim Cook said the company will “look at” manufacturing in
In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT The bitcoin “halving” is almost upon us. This technical event, written in bitcoin’s code, happens every four years. In simple terms, it is when the rewards for bitcoin miners are cut in half. This reduces the pace at which new bitcoins enter the market. Since
Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., Sept. 13, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Companies often see their stock price jump after announcing job cuts, as Wall Street rallies around the prospects for improved efficiency and profits. But
In this article MSFT SNAP PINS META AAPL GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Sundar Pichai, chief executive officer of Alphabet Inc., during Stanford’s 2024 Business, Government, and Society forum in Stanford, California, US, on Wednesday, April 3, 2024. Justin Sullivan | Getty Images Heading into the 2024 election in the U.S. and major
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Microsoft President and Chief Legal Officer Brad Smith speaks during the annual Microsoft shareholders meeting in Bellevue, Washington on November 29, 2017. JASON REDMOND | AFP | Getty Images Microsoft will invest $1.5 billion into G42, an artificial intelligence firm based in the United Arab
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Rows of new Tesla cars are seen in a holding area near a customer collection point on April 15, 2024 in London, England. Leon Neal | Getty Images Tesla executives Drew Baglino and Rohan Patel announced Monday they are leaving the electric vehicle maker and
In this article ADBE Follow your favorite stocksCREATE FREE ACCOUNT Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor of the New York Stock Exchange on Feb. 20, 2024. Brendan Mcdermid | Reuters Adobe on Monday released its artificial intelligence assistant, which helps users understand the contents of digital documents. Monthly
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