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April 13, 2021

Technology

Coinbase is unlike any market debut Wall Street has ever seen

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CNBC – For more and to sign up click here Coinbase is poised to command an astronomical valuation when the digital currency exchange goes public on Wednesday. But ask 10 market experts how the company should be valued, and you’ll likely get 10 different answers. That’s because Coinbase’s current business......

Apple announces April 20 event where new iPads and more are expected

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CNBC – For more and to sign up click here Apple just announced an April 20 product event where it’s expected to announce new versions of the iPad Pro, AirTags tracking devices and more. The event will start at 1 p.m. ET. Apple could use the event to continue riding......

SoftBank-backed Grab agrees to deal to go public in world’s largest SPAC merger

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CNBC – For more and to sign up click here Southeast Asia’s ride-hailing giant Grab announced Tuesday that it’s set to go public through a SPAC merger with Altimeter Growth Corp., in a deal that values the company at $39.6 billion — the largest blank-check merger to date. Grab says......

Bitcoin hits new all-time high above $62,000 ahead of Coinbase debut

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CNBC – For more and to sign up click here The Coinbase cryptocurrency exchange application seen on the screen of an iPhone. Getty Images Bitcoin surged to a fresh record high of more than $62,000 on Tuesday, as investors awaited the highly-anticipated stock market debut of cryptocurrency exchange Coinbase. The......

Tough road ahead for U.S. firms trying to cut reliance on Taiwan chipmakers

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CNBC – For more and to sign up click here Taiwanese chipmakers are ahead of their international rivals and it will be tough for U.S. tech companies to reduce their reliance on Taiwan, said Sebastian Hou from CLSA. Tech firms like Apple, Amazon, Google as well as Qualcomm, NVIDIA and......

Google could match Amazon and Microsoft with virtual desktop tool, but keeps it for employees only

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CNBC – For more and to sign up click here Thomas Kurian, chief executive officer of cloud services at Google LLC, speaks during the Google Cloud Next ’19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019. The conference brings together industry experts to discuss the future of......

The PC market just had its best Q1 since 2015 and fastest growth in 20 years

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CNBC – For more and to sign up click here Customers looking at laptop computers at a Best Buy in Los Angeles. Getty Images A lot of people and businesses are still buying PCs, extending a boom that started last year during the Covid-19 pandemic as people needed computers to......

CEO of a top bitcoin exchange warns a crackdown on cryptocurrencies may be coming

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CNBC – For more and to sign up click here Yuriko Nakao | Getty Images Governments around the world may start to clamp down on the use of bitcoin and other cryptocurrencies, the CEO of a top crypto exchange has warned. A number of officials — from U.S. Treasury Secretary......

DARPA awards nuclear spacecraft contracts to Lockheed Martin, Bezos’ Blue Origin and General Atomics

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CNBC – For more and to sign up click here An artist’s rendering of a DRACO spacecraft. DARPA The Pentagon’s research and development arm on Monday awarded a trio of companies with contracts to build and demonstrate a nuclear-based propulsion system on a spacecraft in orbit by 2025. General Atomics,......

Nvidia stock rises as it sees better-than-expected first quarter

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CNBC – For more and to sign up click here A sign is posted in front of the NVIDIA headquarters on May 10, 2018 in Santa Clara, California. Justin Sullivan/Getty Images Nvidia stock rose over 5% on Monday after announcing several new products and telling investors that it expected its......

Intel stock dropping after Nvidia announces server chip

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CNBC – For more and to sign up click here Nvidia CEO Jensen Huang wearing his usual leather jacket. Getty Intel stock dropped as much as 4% on news that Nvidia plans to make its own server CPU based on ARM technology. Nvidia stock was up over 2% in trading......

How Alex Rodriguez and Marc Lore’s $1.5 billion purchase of the Timberwolves can rebuild the team, boost diversity in NBA

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CNBC – For more and to sign up click here Alex Rodriguez on May 9, 2019, at NBC’s “Today.” Zach Pagano | NBCUniversal | Getty Images Alex Rodriguez is finally about to become a sports owner. Months after the former Major League Baseball star came up short in a bid......

Northrop Grumman robotic MEV-2 spacecraft, in a first, catches active Intelsat satellite

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CNBC – For more and to sign up click here The view from Northrop Grumman’s MEV-2 spacecraft as it approached to dock with Intelsat satellite IS-1002. Intelsat Two aerospace firms accomplished an industry first on Monday, as a small Northrop Grumman spacecraft docked successfully with an active Intelsat satellite to......

Uber CEO says company could get into cannabis delivery

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CNBC – For more and to sign up click here Uber could start delivering cannabis once federal regulation allows the company to do so, CEO Dara Khosrowshahi told CNBC on Monday. “When the road is clear for cannabis, when federal laws come into play, we’re absolutely going to take a......

China’s Huawei blames global chip shortage on U.S. sanctions

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CNBC – For more and to sign up click here The U.S. flag and a smartphone with the Huawei and 5G network logo are seen on a PC motherboard in this illustration taken January 29, 2020. Dado Ruvic | Reuters Huawei said Monday that U.S. sanctions on the company are......

Biden meets today with executives on chip shortage as U.S. auto industry feels the pain

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CNBC – For more and to sign up click here General Motors employees work on the assembly line at Fairfax Assembly & Stamping Plant in Kansas City, Kansas. Jim Barcus for General Motors Clarence E. Brown has experienced union strikes, plant shutdowns and layoffs due to parts shortages during his......

Apple reportedly building new Apple TV with built-in camera and speaker

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CNBC – For more and to sign up click here Apple is in the early stages of building a new Apple TV device with a built-in camera and speaker, according to Bloomberg. The newest Apple TV was released in 2016 and is long overdue for an update as it competes......

Actor Hill Harper launches The Black Wall Street platform aimed at empowering investors of color

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CNBC – For more and to sign up click here Hill Harper attends the Netflix Golden Globe Weekend Cocktail Party at Cecconi’s Restaurant on Jan. 4, 2020, in Los Angeles, California. Charley Gallay | Getty Images Nearly a century after Black Wall Street — a center of Black business in......

Microsoft buys Nuance Communications in a $16 billion deal

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CNBC – For more and to sign up click here Microsoft CEO Satya Nadella looks on during a panel session on day three of the World Economic Forum in Davos, Switzerland, on Jan. 24, 2019. Jason Alden | Bloomberg | Getty Images Microsoft announced Monday that it will buy speech......

Uber posts record gross bookings in March as ride-hailing demand picks up

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CNBC – For more and to sign up click here Air travelers wait in the ride share lot near a sign for Uber at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California. Mario Tama | Getty Images Uber on Monday posted record gross bookings in......

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