FTX co-founder Gary Wang avoids prison time for role in crypto fraud
Gary Wang, co-founder and ex-technology chief of FTX, was sentenced Wednesday to time served and three years of supervised release on each of the four counts he pled guilty to,…
Alphabet’s VC arm backs little-known SAP rival Odoo, boosting valuation to $5.3 billion
Odoo, a startup taking on SAP in the realm of enterprise software, boosted its valuation to 5 billion euros ($5.3 billion) in a secondary share round led by Alphabet‘s venture…
Qualcomm says it expects $4 billion in PC chip sales by 2029, as company gets traction beyond smartphones
Qualcomm said on Tuesday that it expects its push into new markets to generate an additional $22 billion per year by 2029. Of that amount, roughly $4 billion will come…
Bitcoin ETF options begin trading, ushering in a new way for investors to hedge their bitcoin exposure
Options on BlackRock’s popular iShares Bitcoin Trust ETF (IBIT) began trading on the Nasdaq Tuesday, ushering in a new way to trade and speculate on the price of bitcoin. IBIT…
H&R Block, Intuit stocks fall on news of a potential free tax-filing app by Trump transition team
The stock prices for H&R Block and Intuit fell after a Tuesday report saying the Trump transition team is considering creating a free tax-filing app. Intuit, which makes the TurboTax…
Bitcoin edges higher as tensions mount between Ukraine and Russia
Bitcoin moved higher Tuesday even as other risk assets sold off amid rising geopolitical tensions between Ukraine and Russia. The price of the flagship cryptocurrency was last higher by less…
Super Micro shares soar 30% after company names new auditor to help keep Nasdaq listing
Super Micro Computer shares jumped more than 30% on Tuesday after the embattled server maker said it named BDO as its new auditor and submitted a plan to Nasdaq detailing…
Bose buys McIntosh, storied maker of high-end luxury audio equipment
Bose Corp. will purchase the McIntosh Group, a deal that will give the Massachusetts-based company control of one of the most storied names in high-end audio. McIntosh will continue to…
Microsoft introduces PC that has one job: connect users to their computers in the cloud
Microsoft is previewing a new PC that’s designed to connect corporate workers to their programs and files in the cloud. The Windows 365 Cloud Link is available in limited use…
Nvidia must show Blackwell chip can drive growth in earnings report
Despite rising competition, Nvidia holds 80% of the fast-growing market for artificial intelligence chips as the tech industry’s graphics processing unit, or GPU, of choice for making and deploying generative…