World's biggest stablecoin regains dollar peg after $3 billion in withdrawals
The collapse of another so-called stablecoin called terraUSD had shaken crypto investors' confidence in tether.
CNBC Technology
Elon Musk can't just walk away from his Twitter deal by paying a $1 billion breakup fee
Musk can't just walk away from buying Twitter, despite a $1 billion reverse break fee attached to the deal.
Cryptocurrency luna crashes to $0 as UST falls further from dollar peg
Luna, the cryptocurrency associated with TerraUSD, or UST, is now worth $0 as the stablecoin has dramatically lost its $1 peg.
Salesforce dumped rest of its Snowflake shares during first-quarter market plunge
Salesforce had $35 million worth of Snowflake shares at the end of 2021, and sold them all in the fourth quarter, according to an SEC filing.
Twitter CEO expects Musk deal to close but is preparing for other scenarios
Twitter CEO Parag Agrawal said Friday that he still expects the deal to sell the company to Elon Musk will close.
Elon Musk says Twitter deal on hold pending details on fake accounts; shares sink 9%
In follow-up tweet around two hours later, he added that he was "still committed to the acquisition."
The world's biggest stablecoin has dropped below its $1 peg
Tether sank to as low as 95 cents on some crypto exchanges Thursday morning.
More than $200 billion erased from entire crypto market in a day as sell-off intensifies
The price of bitcoin plunged below $26,000 Thursday, hitting its lowest level in 16 months.
For the first time, Japan's SoftBank could spend more on share buybacks than new investments: CLSA
Japanese conglomerate SoftBank Group on Thursday posted a record $27 billion loss in its Vision Fund as tech stocks have plummeted in recent months.
Cryptocurrency luna now almost worthless after controversial stablecoin it is linked to loses peg
UST has been dragged into the spotlight after the stablecoin, which is supposed to be pegged one-to-one with the U.S. dollar, fell below the $1 mark.
Why it’s bad news for the entire market when Apple has a big drop
Apple is now officially in a bear market alongside other technology giants.
Salesforce tells employees worried about abortion access that it will help them relocate
Salesforce and other tech companies have agreed to cover costs associated with traveling in order to get abortions or other critical care.
Robinhood shares pop more than 20% after Sam Bankman-Fried buys 7.6% stake
Sam Bankman-Fried, the CEO of crypto exchange FTX, has taken a 7.6% stake in Robinhood worth $648 million, according to an SEC filing.
Start-up investor Jason Calacanis raising millions of dollars for Musk’s Twitter deal
Jason Calacanis, who's known for early bets on companies like Uber and Robinhood, is pulling together funds to invest in Twitter.
Twitter's market cap has dropped to $9 billion below Musk's purchase price as concerns about deal emerge
The sell-off in Twitter has brought its market cap below $35 billion, about $9 billion below Elon Musk's offer.
Twitter freezing hiring and cutting costs as execs depart
The news comes as billionaire Elon Musk seeks to complete his $44 billion deal to buy the company and take it private.
Alphabet CEO Sundar Pichai on inflation, investing in growth and free speech on the internet
Google's Sundar Pichai signaled that a sluggish economy could present more obstacles for the internet giant, whose shares have slumped this year.
'The most dumb thing': Elon Musk dismisses hydrogen as tool for energy storage
Musk has a history of expressing strong opinions about hydrogen and hydrogen fuel cells.
Disney shares slip after earnings report, as Covid closures take a toll on parks in Asia
Disney reported stronger-than-expected growth in streaming subscribers across all of its media platforms, but its shares fell after hours.
SoftBank plans to keep majority stake after Arm IPO and wants to list the firm as soon as possible
Japanese tech conglomerate SoftBank intends to keep a majority stake in U.K. chip designer Arm when it lists the company through an initial public offering.
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