The price of bitcoin jumped about 4% Monday afternoon after Tesla CEO Elon Musk tweeted that he was having active discussions regarding the sustainability of the digital coin.Bitcoin was trading around $38,074, according to Coindesk, when at about 3:42 p.m. ET Musk posted on Twitter: "Spoke with North American Bitcoin miners. They committed to publish...Read More
A trader works the floor of the New York Stock Exchange (NYSE) in New York.Yana Paskova | Bloomberg | Getty ImagesPayments company Square rose more than 5% in afternoon trading Monday after Bloomberg News reported the payments company could offer savings and checking accounts in the near future.The report said a code within a Square...Read More
Amazon is nearing a deal to acquire MGM Studios, the co-owner of the "James Bond" franchise and other TV and film series, for between $8.5 billion and $9 billion, according to people familiar with the matter. The deal is expected to be announced as soon as Tuesday.The Wall Street Journal reported earlier Monday that the...Read More
In this articleDISCATCMCSACount John Malone among those anticipating a potential future tie-up between a combined WarnerMedia-Discovery and Comcast's NBCUniversal.The billionaire media mogul and controlling Discovery shareholder told CNBC on Monday he's already held discussions with Comcast Chief Executive Officer Brian Roberts about different combinations of corporate relationships regarding NBCUniversal. (Comcast-owned NBCUniversal is the parent company...Read More
In this articleABNBThe Airbnb logo is seen on a little mini pyramid under the glass Pyramid of the Louvre museum in Paris, France, March 12, 2019.Charles Platiau | ReutersAirbnb announced more than 100 new changes and updates to its platform Monday with a focus on flexibility, ahead of a widely anticipated boost in travel as...Read More
In this articleTDISCADISNFLXThe blockbuster WarnerMedia-Discovery deal is especially good news for HBO Max, billionaire media mogul John Malone told CNBC's David Faber.In an interview that aired Monday, Malone said his previous reservations about HBO Max's ability to be a dominant player in the crowded digital-streaming landscape will be addressed once the AT&T-owned service is under...Read More
Tim Cook, chief executive officer of Apple Inc., speaks during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Monday, March 25, 2019.David Paul Morris | Bloomberg | Getty ImagesVerizon said it is giving away six- and 12-month subscriptions to Apple Arcade and Google Play Plus as it adds more bundled content...Read More
CEO and co-founder of Facebook Mark Zuckerberg poses next to Facebook head of global policy communications and former UK deputy prime minister Nick Clegg (L) prior to a meeting with French President at the Elysee Palace in Paris, on May 10, 2019.Yoah Valat | AFP | Getty ImagesAround the world, lawmakers are writing the new...Read More
GUANGZHOU, China — Qin Jiahao has been working at Chinese e-commerce giant JD.com's logistics operations for around six years. Now a huge amount of his work has become automated."In the past, almost all the work is manual. After automation, nearly half of our workers' job is done by machine. It reduces our work intensity," Qin told CNBC."In the...Read More
In this articleWBATheranos founder Elizabeth Holmes leaves the Robert F. Peckham Federal Building with her defense team in downtown San Jose, Calif., on Tuesday, May 4, 2021.MediaNews Group/The Mercury News via Getty Images | MediaNews Group | Getty ImagesJurors in the trial of Elizabeth Holmes will hear evidence about her extravagant lifestyle as Theranos CEO...Read More
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