Crypto investors panic amid digital coin, bitcoin crash

Crypto investors panic amid digital coin, bitcoin crash

Crypto investors were panicking on Thursday as bitcoin and other digital coins continued to plummet. Victims of the bloodbath – which comes amid a broader stock market rout – range from the billionaire crypto titans who run leading marketplaces such as Coinbase and Binance to lowly retail investors who have poured their life savings into … Read more

SoftBank Loses $ 26 Billion on Tech Investments Amid Selloff

SoftBank Loses $ 26 Billion on Tech Investments Amid Selloff

TOKYO— SoftBank Group Corp. 9984 -8.03% on Tuesday reported an enormous $ 26.2 billion loss on its large portfolio of technology companies in the first three months of the year, as the company took a record annual loss for the second time in three years. “The world is in a chaotic situation,” said Chief Executive … Read more

Nissan is Profitable for the First Time in Years

Nissan is Profitable for the First Time in Years

Photo: Nissan Nissan is making money again, Rivian is not, and GM. All of that and more in The Morning Shift for May 12, 2022. 1st Gear: Nissan Nissan has had a weird three years or so following the ouster of former CEO Carlos Ghosn under circumstances that can only be described as too bizarre … Read more

Alphabet CEO Sundar Pichai: CNBC interview

Alphabet CEO Sundar Pichai: CNBC interview

CNBC: Sundar Pichai, CEO of Alphabet and Google being interviewed by Deirdre Bosa. CNBC Google CEO Sundar Pichai said that while consumers are putting the Covid pandemic in the rearview mirror, the economy is clearly a growing concern for the company and the broader market. “We definitely see uncertainty ahead, like everyone else,” Pichai told … Read more

Unity Software loses $ 5 billion in market cap after Apple’s changes lead to ‘self-inflicted wound’

Unity Software loses $ 5 billion in market cap after Apple’s changes lead to ‘self-inflicted wound’

Unity Software Inc. executives thought they had found a way to avoid fallout from changes in Apple Inc.’s mobile operating system. It turns out they were wrong, and Wall Street punished Unity U, -37.05% stock for it Wednesday. Shares shed more than a third of their value, worth roughly $ 5 billion in market capitalization, … Read more

Unity Software loses $ 5 billion in market cap after Apple’s changes lead to ‘self-inflicted wound’

Unity Software loses $ 5 billion in market cap after Apple’s changes lead to ‘self-inflicted wound’

Unity Software Inc. executives thought they had found a way to avoid fallout from changes in Apple Inc.’s mobile operating system. It turns out they were wrong, and Wall Street punished Unity U, -37.05% stock for it Wednesday. Shares shed more than a third of their value, worth roughly $ 5 billion in market capitalization, … Read more

Russia pummels port of Odesa in attempt to disrupt supplies

Russia pummels port of Odesa in attempt to disrupt supplies

ZAPORIZHZHIA, Ukraine – Russia pummeled the vital port of Odesa, Ukrainian officials said Tuesday, in an apparent effort to disrupt supply lines and Western weapons shipments as Ukraine’s foreign minister appeared to suggest the country could expand its war aims. With the war now in its 11th week and Kyiv bogging down Russian forces and … Read more

Tesla’s China sales dive 98% in April amid Shanghi lockdowns

Tesla’s China sales dive 98% in April amid Shanghi lockdowns

Hong Kong CNN Business – Car sales saw a record decline last month in China, the world’s largest automobile market, as strict Covid-19 lockdowns take a severe economic toll. And no auto maker suffered more than Tesla. The EV maker sold 1,512 vehicles in mainland China last month, down 98% from March, according to data … Read more