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Finance News

AppLovin, top tech stock of the year, soars another 45% on earnings beat

AppLovin, top tech stock of the year, soars another 45% on earnings beat

Finance News

Adam Foroughi, CEO of AppLovin. CNBC AppLovin shares soared 45% on Thursday after the online gaming and advertising company issued guidance that was well above estimates and reported better-than-expected earnings and revenue. The stock jumped past $245 in early afternoon trading. It’s now up 515% this year, far outpacing all other tech companies valued at […]

AppLovin, top tech stock of the year, soars another 45% on earnings beat Read More »

FTX fraudster Caroline Ellison reports to Connecticut prison to begin 2-year sentence

FTX fraudster Caroline Ellison reports to Connecticut prison to begin 2-year sentence

Finance News

Caroline Ellison, former chief executive officer of Alameda Research LLC, arrives at court in New York, US, on Tuesday, Sept. 24, 2024. Michael Nagle | Bloomberg | Getty Images Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, reported to a low-security federal prison in Connecticut on Thursday, according to a spokesman

FTX fraudster Caroline Ellison reports to Connecticut prison to begin 2-year sentence Read More »

Trump likely to uphold CHIPS Act despite his campaign rhetoric, experts say

Trump likely to uphold CHIPS Act despite his campaign rhetoric, experts say

Finance News

Illustration of the China and U.S. flag on a central processing unit. Blackdovfx | Istock | Getty Images President-elect Donald Trump is unlikely to roll back the Biden administration’s CHIPS and Science Act, despite his campaign rhetoric on the bill, experts say.  The legislation, which provides incentives for chipmakers to set up manufacturing in the

Trump likely to uphold CHIPS Act despite his campaign rhetoric, experts say Read More »

Jeff Bezos, Sam Altman, Tim Cook and other tech leaders congratulate Trump on election win

Jeff Bezos, Sam Altman, Tim Cook and other tech leaders congratulate Trump on election win

Finance News

Leaders of major technology companies congratulated President-elect Donald Trump and Vice President-elect JD Vance on their victory in the U.S. presidential election Wednesday. The messages were similar, with CEOs remarking that they wish Trump success when he returns to the Oval Office, and look forward to working with his administration. Amazon founder and executive chairman

Jeff Bezos, Sam Altman, Tim Cook and other tech leaders congratulate Trump on election win Read More »

Super Micro shares plummet 22% after financial update heightens investor concerns

Super Micro shares plummet 22% after financial update heightens investor concerns

Finance News

Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. The trade show runs through June 7.  Annabelle Chih | Bloomberg | Getty Images Super Micro shares plunged 22% on Wednesday to their lowest level since May of last year after the embattled

Super Micro shares plummet 22% after financial update heightens investor concerns Read More »

Crypto’s 5 million campaign finance operation filled airwaves with ads not about crypto

Crypto’s $245 million campaign finance operation filled airwaves with ads not about crypto

Finance News

Stand With Crypto’s bus tour through five battleground states kicked off last week in Phoenix and Las Vegas. Logan Dobson/Stand With Crypto Alliance LAS VEGAS — In Nevada’s 4th Congressional District, a crypto PAC spent nearly $2 million on ads this cycle to support the reelection of Steven Horsford, a Democratic congressman who’s voted in

Crypto’s $245 million campaign finance operation filled airwaves with ads not about crypto Read More »

Trump claims presidential win. Here is what he promised the crypto industry ahead of the election

Trump claims presidential win. Here is what he promised the crypto industry ahead of the election

Finance News

Former President Donald Trump arrives for his campaign rally at the Trump National Doral Golf Club in Doral, Florida, on July 9, 2024. Joe Raedle | Getty Images News | Getty Images As Donald Trump celebrated his prospective victory on Election Night at Mar-a-Lago, he was joined by a roster of high-profile supporters. Among them

Trump claims presidential win. Here is what he promised the crypto industry ahead of the election Read More »

Nintendo jumps 6% as it says current Switch games will be playable on the console’s successor

Nintendo jumps 6% as it says current Switch games will be playable on the console’s successor

Finance News

The Nintendo Switch game console store in Shanghai, Feb 25, 2024.  Cfoto | Future Publishing | Getty Images Nintendo on Wednesday said it will allow current Switch games to be played on the hit console’s successor as it looks to drum up excitement among its current user base for the highly-anticipated device. Shares of Nintendo

Nintendo jumps 6% as it says current Switch games will be playable on the console’s successor Read More »

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