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Toast, Shift4 lead drop in fintechs as investors exit stocks tied to consumer spending

Toast, Shift4 lead drop in fintechs as investors exit stocks tied to consumer spending

A screen displays the company logo for Toast Inc. during the company’s initial public offering at the New York Stock Exchange in New York City on Sept. 22, 2021. Brendan Mcdermid | Reuters Economic concerns are hitting the stock market broadly, but they’re having an outsized impact on fintech companies that are tied closely to […]

Toast, Shift4 lead drop in fintechs as investors exit stocks tied to consumer spending Read More »

Nvidia’s next chips are named after Vera Rubin, the scientist who discovered dark matter

Nvidia’s next chips are named after Vera Rubin, the scientist who discovered dark matter

Jensen Huang, co-founder and CEO of Nvidia, displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference in San Jose, California, on March 18, 2024. David Paul Morris/Bloomberg via Getty Images Nvidia CEO Jensen Huang is expected to reveal details about Rubin, the chipmaker’s next AI graphics processor, on Tuesday at the company’s

Nvidia’s next chips are named after Vera Rubin, the scientist who discovered dark matter Read More »

Crypto payments company MoonPay looks to compete with Stripe with Iron stablecoin acquisition

Crypto payments company MoonPay looks to compete with Stripe with Iron stablecoin acquisition

MoonPay co-founder and CEO Ivan Soto-Wright at the Bitcoin 2022 conference in Miami. MoonPay Crypto payments giant MoonPay is expanding its push into the enterprise market with the acquisition of Iron, an API-first stablecoin infrastructure startup. This marks MoonPay’s second significant acquisition in two months, underscoring its ambition to dominate the rapidly growing stablecoin payments

Crypto payments company MoonPay looks to compete with Stripe with Iron stablecoin acquisition Read More »

Meta’s Community Notes will use open-source technology from Elon Musk’s X

Meta’s Community Notes will use open-source technology from Elon Musk’s X

Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta’s upcoming Community Notes feature for monitoring misinformation through crowdsourcing will use some technology developed by Elon Musk’s X for its similar service. On Thursday, Meta revealed in a

Meta’s Community Notes will use open-source technology from Elon Musk’s X Read More »

Binance secures ‘largest investment ever’ in crypto as Abu Dhabi’s MGX pledges  billion

Binance secures ‘largest investment ever’ in crypto as Abu Dhabi’s MGX pledges $2 billion

The Binance logo is displayed on a screen in San Anselmo, California, June 6, 2023. Justin Sullivan | Getty Images Emirati state-owned investment firm MGX announced a $2 billion investment into Binance, in what marks the cryptocurrency exchange’s first institutional investment and one of the largest ever made in the crypto industry. In a joint

Binance secures ‘largest investment ever’ in crypto as Abu Dhabi’s MGX pledges $2 billion Read More »

Shares of iRobot tank 30% after Roomba maker raises doubt about its survival

Shares of iRobot tank 30% after Roomba maker raises doubt about its survival

Roomba vacuums by iRobot are displayed at Best Buy store on January 19, 2024 in San Rafael, California.  Justin Sullivan | Getty Images Shares of iRobot plunged more than 30% on Wednesday after it said there is “substantial doubt” about its ability to stay in business. The Roomba maker’s financial outlook has darkened since Amazon

Shares of iRobot tank 30% after Roomba maker raises doubt about its survival Read More »

FTC asks to delay Amazon Prime deceptive practices case, citing staffing shortfalls

FTC asks to delay Amazon Prime deceptive practices case, citing staffing shortfalls

Bloomberg | Bloomberg | Getty Images Attorneys for the Federal Trade Commission asked a judge in Seattle to delay the start of its trial accusing Amazon of deceiving users of its Prime subscription program, pointing to staffing constraints and other issues. The comments came during a status hearing on Wednesday before Judge John Chun in

FTC asks to delay Amazon Prime deceptive practices case, citing staffing shortfalls Read More »

Ailing Swedish EV battery firm Northvolt files for bankruptcy

Ailing Swedish EV battery firm Northvolt files for bankruptcy

A Northvolt building in Sweden, photographed in February 2022. Mikael Sjoberg | Bloomberg | Getty Images Struggling electric vehicle battery manufacturer Northvolt on Wednesday said it has filed for bankruptcy in Sweden. The firm said it that it submitted the insolvency filing after an “exhaustive effort to explore all available means to secure a viable

Ailing Swedish EV battery firm Northvolt files for bankruptcy Read More »

Waymo expands its robotaxi service again, this time to parts of Silicon Valley

Waymo expands its robotaxi service again, this time to parts of Silicon Valley

Waymo self-driving cars with roof-mounted sensor arrays traveling near palm trees and modern buildings along the Embarcadero, San Francisco, California, February 21, 2025.  Smith Collection/gado | Archive Photos | Getty Images Waymo on Tuesday announced it is expanding its service to include another 27 square miles of coverage around the San Francisco Bay Area. With

Waymo expands its robotaxi service again, this time to parts of Silicon Valley Read More »

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