Category: TECH

Bitcoin halving is likely this week — here’s what you need to know

[ad_1] The bitcoin “halving” is almost upon us. This technical event, written in bitcoin’s code, happens every four years. In simple terms, it is when the rewards for bitcoin miners are cut in half. This reduces the pace at which new bitcoins enter the market. Since there will ever only be 21 million bitcoins, the […]

Tesla shares fall to lowest in almost a year after job cuts heighten concerns about waning demand

[ad_1] Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., Sept. 13, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Companies often see their stock price jump after announcing job cuts, as Wall Street rallies around the prospects for improved efficiency and profits. […]

Trump Media launching Truth Social streaming service, where it says creators “won’t be cancelled”

[ad_1] Trump Media & Technology Group on Tuesday announced plans to start a streaming TV platform to air news, film and other content the company claims other media outlets refuse to show. The announcement comes three weeks after Trump Media began trading on the Nasdaq stock market, briefly valuing the company at $10.8 billion. After […]

Andreessen Horowitz raises $7.2 billion, a sign that tech startup market may be bouncing back

[ad_1] Marc Andreessen and Ben Horowitz Getty Images Andreessen Horowitz said Tuesday that it raised $7.2 billion across five different funds, a sign of optimism in the tech startup world, which has seen a dearth of significant exits over the past two years. “This marks an important milestone for us,” Ben Horowitz, who co-founded the […]

UnitedHealth beats on revenue despite impact from cyberattack

[ad_1] UnitedHealth Group reported better-than-expected revenue in its first-quarter results on Tuesday, though the company is still dealing with the fallout from the cyberattack on its subsidiary Change Healthcare. Here’s how the company did: Earnings: $7.16 per share adjusted, vs. $6.61 expected by analysts, according to LSEG. Revenue: $100.08 billion adjusted, vs. $99.26 billion expected […]

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