Technology

FTX co-founder Sam Bankman-Fried is escorted out of the Magistrate’s Court on December 21, 2022 in Nassau, Bahamas.  Joe Raedle | Getty Images FTX co-founder Gary Wang and former Alameda Research co-CEO Caroline Ellison both pleaded guilty to federal charges in the Southern District of New York, U.S. Attorney Damian Williams said in a message

Nurphoto | Getty Images The next financial crisis will be caused by private cryptocurrencies, if these assets are allowed to grow, the head of India’s central bank warned on Wednesday. “Cryptocurrencies have… huge inherent risks for our macroeconomic and financial stability,” Shaktikanta Das, governor of the Reserve Bank of India, said at an event. He

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Shares in electric vehicle maker Tesla sank to a new 52-week low on Tuesday, closing around $138 per share, or 8% lower for the day in an otherwise mixed day for stocks. CEO Elon Musk tried to blame the sinking price partly on macroeconomic factors.

Elon Musk Twitter page seen on mobile with his poll to step down as head of Twitter Yui Mok  | Pa Images | Getty Images Twitter owner and CEO Elon Musk is searching for a new chief executive of the company, sources told CNBC’s David Faber. Musk, who acquired the company for $44 billion in

Chinese technology stocks such as Alibaba and Tencent have been hammered in 2022 as regulatory pressure and a slowing Chinese economy weighed on growth. But investors are starting to feel slightly more optimistic toward Chinese tech giants in 2023. Jakub Porzycki | Nurphoto | Getty Images It’s been another rough year for China’s tech stocks.

FTX founder Sam Bankman-Fried was sent back to a Bahamas jail Monday after a reported plan for him to waive his extradition to the U.S. stalled. Reports over the weekend indicated that Bankman-Fried would consent to extradition, but the former crypto billionaire told a different story Monday, demanding to see a copy of his federal indictment before

The collapse of FTX, once a $32 billion crypto exchange, has shattered investor confidence in cryptocurrencies. Market players are trying to gauge the extent of damage it has caused — and how it will reshape the industry in the years to come. Sam Bankman-Fried, FTX’s former boss who stepped down on Nov. 11, was arrested

Binance’s Co-founder & CEO Changpeng Zhao has given several interviews discussing the outlook for cryptocurrency following a turbulent couple of weeks in the market. NurPhoto / Contributor / Getty Images Over a month after the collapse of FTX, investor concern over crypto exchange Binance isn’t fading. Binance’s native token, BNB, has fallen 15% in the

In this article ADBE Follow your favorite stocksCREATE FREE ACCOUNT Shantanu Narayen, CEO, Adobe Mark Neuling | CNBC Adobe shares rose 6% in extended trading on Thursday after the design software maker announced fiscal fourth-quarter earnings and guidance that exceeded analysts’ expectations. Here’s how the company did: Earnings: $3.60 per share, adjusted, vs. $3.50 per

OpenAI logo seen on screen with ChatGPT website displayed on mobile seen in this illustration in Brussels, Belgium, on December 12, 2022. Jonathan Raa | Nurphoto | Getty Images You may have heard the recent buzz around ChatGPT, an artificial intelligence chatbot that was released to the public at the end of November. I’ve read

Binance Chief Executive Changpeng “CZ” Zhao dismissed concerns that his company could have $2.1 billion clawed back as a result of FTX’s bankruptcy proceedings, in an appearance Thursday morning on CNBC’s “Squawk Box,” and said he trusted his lawyers to handle the proceedings. CNBC’S Andrew Ross Sorkin and Becky Quick pressed Zhao on whether he

In this article TSLA TWTR Follow your favorite stocksCREATE FREE ACCOUNT Anadolu Agency | Anadolu Agency | Getty Images Tesla CEO Elon Musk sold about 22 million more shares in his electric vehicle business, which were worth around $3.6 billion, according to a financial filing out Wednesday night. The transactions took place between Monday and Wednesday this week

In this article TWTR Follow your favorite stocksCREATE FREE ACCOUNT Muhammed Selim Korkutata | Anadolu Agency | Getty Images Twitter has suspended the account dedicated to tracking the location of billionaire Elon Musk’s private jet. The account, @ElonJet, was run by Florida college student Jack Sweeney and had amassed more than half a million followers.

In this article TWTR Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians walk in front of the Twitter Inc. headquarters in San Francisco, California. David Paul Morris | Bloomberg | Getty Images In an effort to cut costs following Elon Musk’s chaotic $44 billion acquisition of Twitter, the social media company has stopped paying rent, according

The Bahamas has more than 700 islands and cays; remote workers and students can live on 16 of them, including Eleuthera (shown here). Sylvain Sonnet | The Image Bank | Getty Images Bahamian lawyers say FTX executives Sam Bankman-Fried and Ryan Salame spent $256.3 million to buy and maintain 35 different properties across New Providence,

CEO Sam Bankman-Fried Bloomberg | Bloomberg | Getty Images FTX founder Sam Bankman-Fried was arrested by Bahamian authorities Monday evening after the United States Attorney for the Southern District of New York shared a sealed indictment with the Bahamian government, setting the stage for extradition and U.S. trial for the onetime crypto billionaire at the

Elon Musk attends Heidi Klum’s 2022 Hallowe’en Party at Cathedrale at Moxy Hotel on October 31, 2022 in New York City. Taylor Hill | Getty Images Tech billionaire Elon Musk was met with a mixture of boos and cheers from an audience at a Dave Chappelle comedy show Sunday night. The comedian brought the Tesla

In this article FTT.CM= AMZN GOOGL Follow your favorite stocksCREATE FREE ACCOUNT John Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, arrives at bankruptcy court in Wilmington, Delaware, US, on Tuesday, Nov. 22, 2022. Eric Lee | Bloomberg | Getty Images Attorneys in the Bahamas filed an emergency motion on Friday asking a Delaware

In this article AAPL 2354-TW FXCOF Follow your favorite stocksCREATE FREE ACCOUNT A man passes by a compound of the electronics manufacturer Foxconn in Shenzhen on Saturday, Sept. 3, 2022. AH CHI | Future Publishing | Getty Images The founder of China-based Apple supplier Foxconn helped persuade the country’s leaders to loosen the Covid restrictions

Investor, “Shark Tank” judge and CNBC contributor Kevin O’Leary said Thursday he’s lost all of the $15 million FTX paid him to act as a spokesman for the now-collapsed crypto exchange that some have called fraudulent. O’Leary and other celebrities, such as Tom Brady and Larry David, were sued by FTX investors who say the