Tesla suppliers' shares jump as electric automaker cuts prices for some models in China
Tesla slashed prices of some models in China for a second time in 3 months, and shares of Chinese suppliers closed higher on hopes of improved demand.
CNBC Technology
Gemini's Winklevoss accuses crypto mogul Silbert of 'bad faith stalling tactics' over frozen funds
Gemini is attempting to recoup $900 million of client funds which it lent to Genesis to generate yields for its interest-bearing Gemini Earn accounts.
Silvergate Capital tanks more than 40% after crypto bank discloses massive fourth-quarter withdrawals
The bank, which was tied to failed crypto exchange FTX, reported a decline of nearly 70% in customer deposits last quarter.
Crypto lender Genesis Trading lays off 30% of workforce
Barry Silbert's Genesis Trading reduced headcount by 30%, or 60 jobs, as the crypto lender fends off a potential bankruptcy filing after the collapse of FTX.
Stitch Fix plans 20% job cuts as CEO steps down, founder Katrina Lake to reassume post
Stitch Fix founder Katrina Lake on Thursday announced the company will be cutting 20% of its salaried workforce and that she will reassume her post as CEO.
New York AG accuses Celsius ex-CEO Alex Mashinsky of defrauding hundreds of thousands of crypto investors in $20 billion collapse
New York Attorney General Letitia James sued former Celsius CEO Alex Mashinsky, alleging that he defrauded his clients at the $20 billion crypto exchange.
Tech jobs were hit the hardest by layoffs last year
Tech job cut announcements were up 649% in 2022 from the nearly 13,000 announced in 2021, Challenger reported.
These states will dominate EV battery manufacturing in 2030
Georgia, Kentucky, and Michigan each have plans to stand up between 97 and 136 gigawatt hours of EV battery manufacturing capacity per year by 2030.
Amazon's Alexa will soon help EV drivers find a charger
Amazon is teaming up with EVGo, one of the largest U.S. EV charging networks, to add new EV-related features to Alexa.
Amazon says it will cut over 18,000 jobs, more than initially planned
Amazon has decided to get rid of additional roles after committing to a round of cuts in its corporate workforce in November.
Samsung expected to post lowest quarterly profit in years due to memory chip 'market carnage'
Samsung's profit could nosedive in the fourth quarter as memory prices have plunged sharply amid a lack of demand.
Fanatics is divesting its 60% stake in NFT company Candy Digital
Michael Rubin's sports platform company Fanatics is divesting its 60% stake in NFT company Candy Digital, according to an internal email obtained by CNBC.
Salesforce is cutting 10% of its personnel, more than 7,000 employees
Salesforce is cutting 10% of its personnel and reducing some office space as part of a restructuring plan, the company announced Wednesday.
Microsoft drops after UBS analysts warn of weakness in the cloud
Shares of Microsoft dropped during a broader tech rally Wednesday after analysts at UBS said there is weakness ahead for the tech giant.
Coinbase settles with New York state financial regulator for $100 million, stock spikes
Crypto exchange Coinbase will pay a $50 million fine and invest another $50 million into compliance efforts after a settlement with New York state regulators.
Meta fined over $400 million by top EU regulator for forcing users to accept targeted ads
The Irish Data Protection Commission fined Meta over $400 million Wednesday after finding its Facebook and Instagram services breached EU privacy rules.
China risks loom over U.S. tech giants Tesla and Apple as share prices plunge
Apple and Tesla are facing headwinds in China with concerns over consumer strength, which is contributing to investor jitters around the U.S. tech giants.
Ant gets approval to expand its consumer finance business
Ant Group's consumer finance unit has received approval to more than double its registered capital, a sign of progress in resolving regulators' concerns.
Regulators warn U.S. banks on crypto risks including 'fraud and scams’ after FTX collapse
Bank executives have said they need further guidance from regulators before dealing more directly with bitcoin and other types of cryptocurrency.
Why Deere thinks satellites are the next big technology to invest in
The goal is to create a geospatial map that farmers can use to better track productivity and the performance of crops.
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