Bitcoin turns positive for the week as investor worries about GBTC sell pressure subside
Investors were taking some comfort Friday in the idea that outflows from the Grayscale Bitcoin ETF (GBTC) could be starting to taper off.
CNBC Technology
Tesla recalls nearly 200,000 vehicles in the U.S. over rearview camera bug
Tesla is recalling nearly 200,000 cars due to a software bug that prevented the rearview camera image from displaying, U.S. safety regulators said Friday.
Intel stock sinks more than 10% as early 2024 outlook comes up short
Intel has struggled to keep pace with rival chipmakers Nvidia and AMD, which are benefiting from the AI boom.
UK opens antitrust probe into Vodafone merger with CK Hutchison's Three mobile network
Britain's competition watchdog said it is opening a probe into the proposed merger between Vodafone and the Three UK mobile network owned by CK Hutchison.
AI hiring frenzy to fuel layoffs in other tech segments as firms strive to balance costs
Industry experts said that more layoffs could come in 2024 as tech firms shift investments to focus on AI.
FTC launches AI inquiry into Amazon, Alphabet, Microsoft, looking at 'investments and partnerships'
FTC Chair Lina Khan said on Thursday that her agency is looking into AI deals among the biggest players developing and using the technology.
Tesla shares close down 12% after automaker warns of slowdown
Tesla said vehicle volume growth in 2024 "may be notably lower" than last year's growth rate.
TikTok cuts about 60 jobs as January layoffs continue across tech industry
TikTok has laid off about 60 employees, though a spokesperson said anyone affected can apply for one of the 120 "similar roles" posted internally
SAP plans job changes or buyouts for 8,000 employees in restructuring plan
SAP announced a restructuring plan on Tuesday that will affect over 7% of its workforce, but overall headcount should be about the same by year end.
EBay to eliminate about 1,000 jobs, or 9% of full-time workforce
EBay said Tuesday that it plans to lay off 9% of the company's workforce, equating to 1,000 full-time employees
Microsoft lays off 1,900 workers, nearly 9% of gaming division, after Activision Blizzard acquisition
The Microsoft layoffs come a little more than three months after the company closed on its acquisition of video game maker Activison Blizzard.
Alphabet, Microsoft and Meta close at all-time highs ahead of earnings next week
Alphabet shares closed at $151.87, surpassing their prior record high set in 2021.
Elon Musk says Chinese EV makers will 'pretty much demolish' most competitors without trade barriers
Companies including BYD, Nio and Xpeng have expanded sales outside of China in the last two years, looking to take on established automakers, including Tesla.
Apple takes top spot in China's smartphone market for the first time as Huawei returns to the top 5
Apple took the top spot in China's smartphone market in 2023 even as it faces renewed competition from domestic giant Huawei.
Nokia jumps 8% as it announces $653 million share buyback program, warns of challenging 2024
Nokia on Thursday said that it will begin a 600 million euro ($653 million) share buyback this quarter after it reported that its profit plunged in 2023.
HPE hacked by same Russian intelligence group that hit Microsoft
Hewlett Packard Enterprise said its cloud-based email system was compromised by the state-sponsored actor known as Cozy Bear, which also hacked Microsoft.
North Korea crypto hacking activity soars to record high in 2023, new report shows
North Korea-linked hackers attacked a record number of crypto platforms in 2023, according to Chainalysis in its latest report on Wednesday.
Tesla shares drop 6% on weak auto revenue, warning of slower growth in 2024
Tesla reported earnings after the bell. Here are the results.
Judge refused to let Binance founder Zhao travel to UAE despite his offer to use equity as security
Binance founder Changpeng "CZ" Zhao wanted to travel to his home in the United Arab Emirates for the "hospitalization and surgery" of a person in his life.
IBM shares rise after earnings top estimates in ‘uncertain, volatile’ economy
IBM ended the year with more than $11 billion in free cash flow, more than it had been projecting, due to acceleration in distributed infrastructure.
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