Li Auto shares off to muted start in $1.5 billion Hong Kong debut
Li Auto sold shares at 118.00 Hong Kong dollar per share, raising the company 11.6 billion Hong Kong dollars ($1.49 billion).
CNBC Technology
Bipartisan bill targets Apple and Google's ability to profit from app stores
App developers have complained to Congress of unfair treatment by Apple and Google.
Electric air taxi start-up Joby Aviation surges in trading on NYSE after SPAC merger
Joby is the latest aviation start-up to pursue a SPAC deal.
Samsung announces two new phones with folding screens
Samsung's Galaxy Z Fold 3 5G and Galaxy Z Flip 3 5G can be ordered today and launch Aug. 27.
You can be taxed for buying a cup of coffee with bitcoin using a crypto credit card, but there are ways around it
Visa and MasterCard are trying to help users spend and earn bitcoin, but accountants say these crypto debit and credit cards can lead to confusing tax bills.
Fintech just saw an earnings bonanza, as Coinbase and Upstart report over 11-fold revenue growth
Across the fintech landscape, valuations are surging and revenue is growing at historic rates as consumers turn to digital apps for banking and investing.
Amazon opens its $1.5 billion air hub in Kentucky in latest push to speed deliveries
The hub will serve as the central nerve of Amazon's U.S. air cargo operations, allowing it to speed deliveries even further to more corners of the country.
Deliveroo doubled orders and trimmed losses in the first six months of 2021
Deliveroo reported orders of 148.8 million in the six months to June 30, up from 74.5 million in the same period a year ago.
SoftBank unit behind risky multibillion-dollar tech bets dumps Microsoft, Facebook, Alphabet and Netflix shares
SoftBank has offloaded shares of U.S. tech giants like Facebook, Microsoft, Alphabet and Netflix, according to its latest financial report.
Chinese gaming giant NetEase pushes for major overseas growth with new battle royale title
A top executive at Chinese tech giant NetEase lays out the company's plans for growing revenue overseas and dipping its toes into console and cloud gaming.
How the $1 trillion infrastructure bill will direct billions toward tech spending
The bill includes funding for broadband access programs, electric vehicle charging stations and cybersecurity.
Coinbase profits surge following volatile stretch of cryptocurrency trading
While the company offered no formal guidance, it did say trading volume will be lower in the third quarter compared with Q2.
Doximity shares jump after digital health company says revenue doubled in first report since IPO
Doximity said revenue in the fiscal first quarter climbed to $72.7 million from $36.4 million a year earlier.
Judge may unseal some mental health records in Elizabeth Holmes case
Federal prosecutors want the records unsealed in case Holmes makes a mental health defense in her fraud trial.
Venmo is letting its credit cardholders convert cash-back to crypto for free
Venmo launched a credit card feature that lets users convert their cash-back to crypto for free.
Apple will reportedly add big upgrades to the next iPhone's camera
Apple is reportedly planning a video Portrait mode with several new photo and video updates on the new iPhone, Bloomberg reported Tuesday.
How Apple’s upcoming email privacy update could change what’s in your inbox
Apple announced several new features for mobile and desktop operating systems that will have major impacts for commercial email.
Amazon gives consumers easier way to file complaints for faulty goods from third-party sellers
Amazon has long struggled to police dangerous and faulty goods on its third-party marketplace, which is made up of millions of independent sellers.
Amazon cloud executive Charlie Bell is leaving after 23 years as shakeup continues at AWS
Charlie Bell was considered a candidate to become the head of AWS, but Amazon tapped Adam Selipsky, who had worked alongside Bell.
Apps are helping people avoid air pollution amid record wildfires, rising temperatures
Air quality in the U.S. and Europe improved over the last decade thanks to stricter regulations, but record wildfires raise new air pollution concerns.
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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