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Bitcoin touches record, ether almost makes new high before rolling over

Bitcoin touches record, ether almost makes new high before rolling over

Ether and bitcoin. Yuriko Nakao | Getty Images Bitcoin hit a new record late Wednesday as ether climbed even closer to its all-time high. The flagship cryptocurrency rose as high as $124,496, surpassing its July record of 123,193.63, according to Coin Metrics. Ether rose to $4,791.19 overnight, edging closer to its 2021 record of $4,866.01. […]

Bitcoin touches record, ether almost makes new high before rolling over Read More »

Sequoia’s Moritz backs Intel CEO Lip-Bu Tan after Trump’s ‘artless bullying’

Sequoia’s Moritz backs Intel CEO Lip-Bu Tan after Trump’s ‘artless bullying’

Michael Moritz, Sequoia Capital Scott Mlyn | CNBC Renowned venture capitalist Mike Moritz called on Intel to stand by CEO Lip-Bu Tan after President Donald Trump demanded his resignation last week. “Trump’s assault has no modern precedent,” Moritz wrote, calling the attack a “vindictive political sideshow.” Moritz, who spent decades at Sequoia Capital and has

Sequoia’s Moritz backs Intel CEO Lip-Bu Tan after Trump’s ‘artless bullying’ Read More »

C3 AI stock falls 30% as CEO Siebel calls preliminary sales numbers ‘completely unacceptable’

C3 AI stock falls 30% as CEO Siebel calls preliminary sales numbers ‘completely unacceptable’

The C3.ai logo is seen near a computer motherboard in this illustration taken on Jan. 8, 2024. Dado Ruvic | Reuters Shares of the enterprise artificial intelligence company C3 AI tumbled 30% Monday after it announced preliminary financial results and a restructuring of its global sales and services organization. C3 AI said Friday that it

C3 AI stock falls 30% as CEO Siebel calls preliminary sales numbers ‘completely unacceptable’ Read More »

Bitcoin retakes 0,000, ether touches 2021 highs after breaking key ,000 level

Bitcoin retakes $120,000, ether touches 2021 highs after breaking key $4,000 level

People walk past a neon sign advertising a Bitcoin and Ethereum crypto currency exchange in Warsaw, Poland on 19 May, 2024.  Jaap Arriens | Nurphoto | Getty Images Bitcoin is a stone’s throw from its all-time high after an overnight rally that also propelled ether to levels not seen since 2021. The price of bitcoin

Bitcoin retakes $120,000, ether touches 2021 highs after breaking key $4,000 level Read More »

Nvidia and AMD to pay 15% of China chip sales revenues to the U.S. government, FT reports

Nvidia and AMD to pay 15% of China chip sales revenues to the U.S. government, FT reports

Nvidia and Advanced Micro Devices have agreed to give the U.S. government a share of revenues from certain chips sold in China, the Financial Times reported, in an unprecedented arrangement with the White House. In exchange for 15% of revenues from the chip sales, the two chipmakers will receive export licenses to sell Nvidia’s H20

Nvidia and AMD to pay 15% of China chip sales revenues to the U.S. government, FT reports Read More »

Trade Desk tanks almost 40% on CFO departure, tariff concerns and competition from Amazon

Trade Desk tanks almost 40% on CFO departure, tariff concerns and competition from Amazon

Jeff Green, CEO of The Trade Desk. Scott Mlyn | CNBC Shares of The Trade Desk plummeted almost 40% on Friday and headed for their worst day on record after the ad-tech company announced the departure of its CFO and analysts expressed concerns about rising competition from Amazon. The Trade Desk, which went public in

Trade Desk tanks almost 40% on CFO departure, tariff concerns and competition from Amazon Read More »

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