Concerns over coronavirus have roiled markets and torched hundreds of billions in paper wealth from the world's billionaires over the past month. But last night's declines could be the largest overnight wealth loss in nearly a decade.
Bitcoin, the biggest cryptocurrency by value, fell 10% in 24 hours with other big digital coins ethereum, XRP and bitcoin cash, posting double-digit losses.
Wedbush Securities' analyst Dan Ives said in a note on Monday that investors should focus on "tech winners for the next 5-10 years" like Apple, which he expects will ship more than a record 231 million iPhones in FY21.
Amazon's "Just Walk Out" technology enables shoppers to "take what they want and leave" without needing to stand in a checkout line. It's used in Amazon Go stores but will be sold to other retailers
CBS and NBC have agreed to renew PGA Tour rights for nine more years, bolstering their live sports lineups until 2030. ESPN+ will also get access to a digital package of rights.
Companies such as Boeing, Airbus, Toyota and Uber are recognizing the need for more efficient travel, and injecting millions of dollars into developing VTOLs, or Vertical Takeoff and Landing Vehicles. Though these vehicles don't resemble the flying cars of "Back to the Future" or "Blade Runner," they have the potential to fundamentally change the way we commute in cities. Experts predict the market for urban air mobility to reach $1.5 trillion by 2040.
Amazon is shipping out food products that are expired, stale, or tampered with. Four months after CNBC first reported the problem, a new analysis found the sellers are still shipping expired food, even as regulation begins to catch up.
Amazon says it has removed 530,000 offers from the marketplace for coronavirus-based price gouging and suspended more than 2,500 seller accounts in its U.S. marketplace for violating its price-gouging policies
The big Y Combinator Demo Day, where start-ups pitch investors, was scheduled to happen in-person, as it has in the past, on March 23. Now it will be held online only.
Tesla CEO Elon Musk tweeted Friday that people are overreacting about the deadly COVID-19, while health officials across the world prepare for a possible pandemic.
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