INDIA – 2021/10/16: In this Photo illustration a Bitcoin logo seen displayed on a smartphone with an ETF(exchange traded fund) logo in the background. (Photo Illustration by Avishek Das/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Social media X said late Tuesday it has completed a […]
CNBC News
Is China’s consumption story over? Here’s what experts are saying
A woman waits on her bicycle to cross an intersection outside a new shopping mall in Beijing, China, on Sept. 13, 2023. Kevin Frayer | Getty Images News | Getty Images After a year of uneven and disappointing post-pandemic recovery in 2023, China’s consumer sentiment may finally start to improve […]
China’s Meituan lost $82 billion in market cap amid rising competition, slowdown in food delivery business
A food delivery courier for Meituan in Beijing, China, on Tuesday, Aug. 22, 2023. A surge in sales expected for Meituan may be a catalyst to its shares, which have outperformed peers as services spending turns out to be a rare bright spot amid deepening investor pessimism. Source: Bloomberg Bloomberg | Bloomberg | […]
Houthi militias launch biggest attack to date on merchant vessels in Red Sea
A cargo ship boat model is seen in front of “Red Sea” and “Houthi attacks” words in this illustration taken January 9, 2024. Dado Ruvic | Reuters U.S. and coalition forces under Operation Prosperity Guardian responded Tuesday in the Red Sea to what American officials said was the largest attack […]
Cramer says today’s market is more interested in AI technology for advertising, not health-care solutions
CNBC’s Jim Cramer on Tuesday shared what he learned from his two days at JPMorgan‘s health-care conference. He marveled at the myriad of uses for generative artificial intelligence in health care, but concluded that Wall Street is more concerned with using that new technology for advertising. Cramer told investors that […]
Regeneron CEO says the next big thing for biotech isn’t AI, it’s gene therapy
Regeneron CEO Leonard Schleifer elaborated on the biotech company’s latest ventures with CNBC’s Jim Cramer on Tuesday and emphasized the importance of genetic research across the industry. “The big thing for everybody these days is AI, that’s the next big thing. But I don’t believe that,” Schleifer said. “It’s a […]
China and cybercriminals are targeting American AI companies, FBI Director Wray says
American companies like Google, Microsoft, and OpenAI are currently driving the cutting edge of generative artificial intelligence development across the globe. However two of U.S.’s top national security leaders said that AI lead is under attack from foreign cybercriminals and nation-states like China. “Eighteen of the 20 most successful AI […]
Taiwan elections: Change or continuity on the cards? China and the U.S. keep a close watch
Supporters listening to Kuomintang presidential candidate, Hou Yu-ih, as he speaks on the stage during an election campaign rally in Taichung, Taiwan, January 8, 2024. Man Hei Leung | Anadolu | Getty Images More than 19 million voters in Taiwan will head to the polls on Saturday to decide if […]
Trend Micro lays off 2% of its global workforce
Krisanapong Detraphiphat | Moment | Getty Images Trend Micro has laid off 2% of its overall workforce. The Japanese cybersecurity giant, which employed 7,582 employees as of June 2023, announced the layoffs Tuesday, pitching it as part of a business transformation plan. “Trend Micro informed 2% of its worldwide team […]
HPE to acquire Juniper Networks for $14 billion
Antonio Neri, president and chief executive officer of Hewitt Packerd Enterprise (HPE), speaks during the HPE Discovery CIO Summit in Las Vegas, Nevada, U.S., on Tuesday, June 19, 2018. The summit brings together experts and industry leaders to explore the critical elements CIO’s must address to enable speed and agility, […]