Tech is hitting the brakes on hiring even as other industries keep adding jobs
Several tech companies have recently announced hiring freezes and layoffs. But it's not necessarily a bellwether for the broader economy.
CNBC Technology
VW is looking to bring back the Scout brand as an electric vehicle
Volkswagen confirmed to CNBC that its supervisory board would vote on the proposals on Wednesday.
Bitcoin investors are panicking as a controversial crypto experiment unravels
Investors in bitcoin are in panic mode as the controversial terraUSD stablecoin slips further from its intended $1 peg.
London is looking to tap the deep pockets of Silicon Valley
Sadiq Khan, the mayor of London, traveled to California to try to convince Silicon Valley tech leaders to invest more money in the U.K. capital.
40% of bitcoin investors are now underwater, new data shows
Bitcoin is off nearly 55% from its November peak, and 40% of holders are now underwater on their investments, according to new data from Glassnode.
Coinbase revenue drops 27% from a year ago, stock slides
Coinbase earnings missed analyst estimates and shares fell as much as 19% in extended trading.
El Salvador buys the bitcoin dip, adding 500 coins to its balance sheet
El Salvador just added another $15.5 million worth of bitcoin to its balance sheet, as the world's most popular cryptocurrency continues its sell-off.
Tesla production lags in Shanghai due to parts shortages, Covid restrictions
According to research by JL Warren Capital, Tesla specifically stopped production lines for the Model Y electric crossover at its Shanghai Gigafactory.
Elon Musk says he would lift Twitter ban on Donald Trump after deal closes
Trump has said he wouldn't return to the platform if invited back.
Roblox shares sink on disappointing revenue and wider-than-expected loss
Roblox soared in popularity during the pandemic, but the hype has since cooled.
Bitcoin briefly drops below $30,000 as investors flee risky assets
Bitcoin fell below the $30,000 price level late Monday before bouncing back slightly.
Amazon stock has lost nearly all of its gains from the pandemic
Amazon stock skyrocketed in 2020 and 2021 as consumers flocked to online retailers, but shares have taken a hit in recent months amid a broader market selloff.
A.I. lender Upstart shares plummet more than 50% after company cuts full-year revenue forecast
Shares of Upstart plummeted Tuesday after the consumer lending platform cut its full-year revenue outlook.
Uber CEO tells staff company will cut down on costs, treat hiring as a 'privilege'
Uber will slash spending on marketing and incentives and treat hiring as a "privilege," CEO Dara Khosrowshahi said in an email to staff Sunday.
Apple discontinues the last iPod model
Apple said the iPod touch will be available while supplies last.
Netflix could introduce ads, crack down on password sharing by the end of this year, source says
An end-of-year target would put the ad-supported tier on a much faster track than Netflix originally indicated.
Amazon fires two employees tied to Staten Island union effort
Amazon recently fired two employees involved in the organizing effort at a Staten Island warehouse, where workers voted in the company's first U.S. union.
Nintendo announces surprise 10-for-1 stock split; expects Switch sales to fall 9%
Nintendo said Switch console sales totaled 23.06 million last financial year, down from 28.83 million the previous year due to the chip shortage.
Rivian stock hit new low after Ford unloaded 8 million shares of EV start-up
A stock lockup period for company insiders and early investors such as Ford expired Sunday.
A $3.5 billion bet on bitcoin becoming a 'reserve currency' for crypto is being put to the test
South Korean entrepreneur Do Kwon is betting billions on the idea of bitcoin becoming the "reserve currency" of the crypto economy.
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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