Business News
Delta Airlines laces into CrowdStrike, says it lost $500m in outage
BBC - 9 Aug 2024 04:57
The US-based carrier has indicated it will sue both CrowdStrike and Microsoft for the damages
Take-Two CEO says UGC likely won't define company's future
Venture Beat - 9 Aug 2024 03:35
Take-Two Interactive CEO Strauss Zelnick said during the company's earnings call that he believes UGC won't define the industry.
LLM not available in your area? Snowflake now enables cross-region inference
Venture Beat - 9 Aug 2024 02:12
With one line of code, users can process requests on Snowflake's Cortex AI in a different region even if an LLM isn't available in theirs.
Binance Security Team Recovers $73 Million in Stolen Crypto Funds This Year
Bitcoin.com - 9 Aug 2024 05:10
Crypto exchange Binance’s security team has recovered or frozen over $73 million in stolen user funds so far this year, surpassing the $55 million recovered in 2023. This achievement highlights the company’s commitme...
Bitcoin Breaks Past the $60K Threshold, Jumps 26% in 3 Days
Bitcoin.com - 9 Aug 2024 04:09
On Thursday, bitcoin (BTC) leaped to a high of $62,729, representing a more than 26% jump from its Aug. 5 low of $49,577, recorded just three days earlier. The broader cryptocurrency market, which encompasses over 10,000...
Former SEC Official Urges 15,000 Morgan Stanley Advisors to 'Say No' to Bitcoin ETFs, Citing 'Mammoth Risk'
Bitcoin.com - 9 Aug 2024 03:30
The U.S. Securities and Exchange Commission's former head of internet enforcement, John Reed Stark, has raised concerns about Morgan Stanley’s 15,000 financial advisors promoting cryptocurrency investments, citing risk...
Judge orders MyPillow mogul Mike Lindell to pay attorney fees to winner of 'Prove Mike Wrong' contest
Business Insider - 9 Aug 2024 03:01
MyPillow CEO Mike Lindell must pay the attorney fees of a man who won his "Prove Mike Wrong" competition, a judge ordered.
Democrats Launch 'Crypto for Harris' -- White House Officials Address Industry Concerns
Bitcoin.com - 9 Aug 2024 01:30
Senior White House officials have reportedly engaged with cryptocurrency leaders to discuss industry concerns, facilitated by Representative Ro Khanna. This initiative continues the Biden-Harris administration’s effort...
Trump Makes a Demand for Say Over the Fed
The New York Times - 9 Aug 2024 13:51
The former president made his clearest statement yet that he wants influence over the central bank's rate policy if he wins re-election.
Treasury yields dip at end of volatile week for bonds
Market Watch - 9 Aug 2024 10:55
Bond yields fell early Friday as investors assessed the fallout from a very volatile period in fixed income markets.
Bitcoin price must flip $62K to avoid worst 'death cross' consequences
Coin Telegraph - 9 Aug 2024 10:43
Bitcoin is still due to close a daily chart "death cross," but $62,000 resistance could be key to mitigating the BTC price downside which has followed in the past.
Hargreaves Lansdown accepts private equity consortium's £5.4 billion takeover offer
Market Watch - 9 Aug 2024 10:39China consumer inflation rises, factory-gate prices continue to fall in July
Market Watch - 9 Aug 2024 10:25European non-profit Hintco offers to solve Indian green hydrogen industry's billion-dollar buyer-seller conundrum
livemint.com - 9 Aug 2024 09:56
Hintco offered to act as an intermediary to help green hydrogen manufacturers get buyers and arrange funding for their projects
Taylor Swift's canceled concert: Officials found explosives, detonators, and a stockpile of chemicals in a 19-year-old's home
Business Insider - 9 Aug 2024 05:18Mark Zuckerberg gives props to DeepMind's CEO for using him to get a better price from Google
Business Insider - 9 Aug 2024 04:11
Mark Zuckerberg gave props to DeepMind CEO Demis Hassabis for using Meta to get a better deal from Google, which bought the AI lab for $500M+.
Bitfarms stock rises 22% after Q2 loss came out better than expectations
Coin Telegraph - 9 Aug 2024 03:39
Bitfarms stock had a strong trading session on Aug. 8 amid lower-than-expected losses in its latest quarterly earnings report.
15 record-breaking moments you might've missed at the Paris Olympics
Business Insider - 9 Aug 2024 03:30
From swimming world records to countries' first medals, the 2024 Olympics in Paris have been packed with exciting moments.
Mark Zuckerberg said social media on phones can be 'anti-social,' which is part of why he cares about Ray-Ban smart glasses
Business Insider - 9 Aug 2024 03:27
Meta CEO Mark Zuckerberg called social media apps on phones an "anti-social form factor," which is why he's pursuing Ray-Bans smart glasses.
Bitcoin reclaims $62K, forming a 'massive bull hammer' on price chart
Coin Telegraph - 9 Aug 2024 03:23
Bitcoin has crossed the $62,000 mark for the first time since Aug. 3, and futures traders are scrambling to adjust their positions.
Funko names new CFO as company swings to Q2 profit
Market Watch - 9 Aug 2024 03:19
Funko named Yves Le Pendeven as its chief financial officer.
Mint Primer | 5G smartphones at ₹8000: The push for digital India
livemint.com - 9 Aug 2024 03:00
The chipset makes up nearly half the cost of making phones, and the absence of a cheap 5G chipset prevented brands from offering 5G smartphones below ₹15,000-17,000.