Apple CEO Tim Cook requests and receives a 40% pay cut after shareholder vote
Apple CEO Tim Cook will receive a pay cut in 2023, targeting $49 million in total compensation, the company said in an SEC filing.
CNBC Technology
House Republicans move to regulate crypto industry with a new subcommittee
Republican Rep. French Hill will chair a new digital assets subcommittee, as lawmakers continue a push to regulate the crypto space after the collapse of FTX.
Crypto.com lays off 20% of workforce after FTX collapse blunted ambitious growth
Crypto.com cut head count by 20%, another blow to an industry and company that grew explosively in the crypto boom but was unable to weather FTX's collapse.
Tesla cuts prices in the U.S. and Europe to stoke sales after lackluster year-end deliveries
Electric vehicle maker Tesla is cutting prices in the United States and throughout Europe again, according to listings on the company's website.
Lithium company Ioneer scores $700 million conditional loan from Energy Department for Nevada plant
The announcement comes as the U.S. races to develop domestic supply chains for materials critical to the energy transition.
A stablecoin collapse could spill into the U.S. bond market and economy, professor warns
While there are no signs of major stablecoins collapsing, an economics professor at Cornell University says it's something regulators are worried about.
Crypto firms Genesis and Gemini charged by SEC with selling unregistered securities
The SEC alleged on Thursday that crypto firm Gemini, founded by the Winklevoss twins, and Barry Silbert's Genesis offered and sold unregistered securities.
JPMorgan shutters website it paid $175 million for, accuses founder of inventing millions of accounts
Regardless of the outcome of this legal scuffle, this is an embarrassing episode for JPMorgan and its CEO, Jamie Dimon.
FTX founder Sam Bankman-Fried denies stealing user funds and repeats claims of solvency in new post
Bankman-Fried repeated several claims which bankruptcy officials and federal regulators have denied or contradicted.
Meta sues Voyager Labs, saying it created fake accounts to scrape user data
Meta alleged that Voyager Labs was improperly creating fake accounts and scaping user data.
Bitcoin jumps above $19,000 to highest level since November on cooling U.S. inflation
The world's largest digital currency climbed above $18,000 for the first time since Dec. 14, increasing in value by about 5% in the last 24 hours.
Market history says a recession could produce the next Airbnb or Slack
The Silicon Valley startup economy has been decimated by rising interest rates and the market downturn, but some of the best tech has been born of recession.
Assassin's Creed maker Ubisoft sinks to seven-year low after slashing guidance, cancelling games
Ubisoft shares slumped as low as 18.80 euros apiece Thursday morning, hitting their lowest level in nearly seven years.
Rent the Runway to sell secondhand luxury on Amazon as it chases profitability
Rent the Runway began selling its secondhand luxury clothes Thursday on Amazon as the subscription-based startup continues to chase profitability.
Alphabet to cut staff of health sciences unit Verily by 15%
It's the first known layoff to hit the Google parent company in the current tech downturn.
FAA system outage disrupts thousands of flights across U.S.
U.S. flights were delayed after the Federal Aviation Administration suffered an outage of the system that sends messages to pilots.
Swiss company that counts Microsoft as a customer says it's removed CO2 from the air and put it in the ground
Swiss company Climeworks says it's making good on future removals Microsoft, Shopify and Stripe have paid for.
Ubisoft cancels three games and slashes targets, citing 'worsening macroeconomic conditions'
Ubisoft said it expects its 2022 net bookings to fall 10%, after an earlier forecast called for an increase of 10%.
FTX has recovered $5 billion worth of 'liquid' assets, lawyers say
FTX lawyers said they had recovered $5 billion of assets, including cash and crypto, bringing customers closer to recovering from the exchange's collapse.
Apple reportedly considering touchscreen Mac laptop for 2025
The move, if it were to happen, would mark a significant reversal for Apple, which has said for years that touchscreen laptops are ergonomically inferior.
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