Mark Zuckerberg comments on Apple’s Vision Pro
Meta CEO Mark Zuckerberg demonstrates an Oculus Rift virtual reality (VR) headset and Oculus Touch controllers during the Oculus Connect 3 event in San Jose, California, U.S., on Thursday, Oct. 6, 2016. David Paul Morris | Bloomberg | Getty Images…
Uber unveils $7 billion share buyback after first profitable year
A banner announcing the IPO of Uber Technologies hangs outside the New York Stock Exchange, May 10, 2019. Andrew Kelly | Reuters Uber Technologies said on Wednesday it will buy back up to $7 billion worth of company shares after…
Bitcoin (BTC) regains $1 trillion market cap after price rise
The value of all the bitcoin in circulation, or market capitalization, on Wednesday rose above $1 trillion for the first time since late 2021, according to CoinMarketCap data. The cryptocurrency also broke through the $51,000 level during the day, marking…
Indonesia’s GoTo denies merger talks with ride-hailing rival Grab
A Gojek driver looks at a smartphone in Jakarta, Indonesia, on Monday, Dec. 11, 2023. ByteDance Ltd.’s TikTok agreed to invest $1.5 billion in a joint venture with Indonesia’s GoTo Group that it will control, part of a pact that lets the…
Nvidia market cap passes Amazon on strength of AI boom
Jensen Huang, CEO of Nvidia, arrives for the Inaugural AI Insight Forum in the Russell Building on Capitol Hill on Sept. 13, 2023. Tom Williams | CQ-Roll Call, Inc. | Getty Images Nvidia surpassed Amazon in market capitalization on Tuesday….
Company to cut 250 employees, about 7% of company
A smartphone with an Instacart logo displayed is seen in this illustration taken March 25, 2022. Dado Ruvic | Reuters Instacart on Tuesday announced it would lay off about 250 employees, or roughly 7% of the company, as part of…
Jeff Bezos sells more than $2 billion in Amazon stock
Jeff Bezos. Emma McIntyre | Getty Images Entertainment | Getty Images Amazon founder and executive chairman Jeff Bezos sold roughly $2.08 billion of shares in the company over the past few days, according to a financial filing. The sales began…
Lyft shares jump on earnings beat, guidance
Air travelers walk toward a Lyft pickup area at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California. Mario Tama | Getty Images Lyft shares rose in extended trading on Tuesday after the ride-hailing company reported…
Are You Getting Sticker Shock From Your Electric Bills? We Want to Hear About It.
Upgrades to aging utility equipment and efforts to reduce greenhouse gas emissions have combined to drive up electricity costs across the country, with the national average increasing from one year to the next. As a New York Times business reporter,…
AI frenzy puts Nvidia briefly ahead of Amazon in market value
Jensen Huang, chief executive officer of Nvidia Corp. David Paul Morris | Bloomberg | Getty Images Nvidia briefly surpassed Amazon.com Inc in market capitalization on Monday, as the euphoria around artificial intelligence catapulted the chipmaker to the fourth most valuable…