By Andrew Mills DOHA (Reuters) – A U.S. government default would trigger an initial pull-back from crypto currencies followed by a “push upward” the CEO of London-based crypto firm Blockchain.com said on Thursday. The U.S. government could fall behind on its bills next month – and even default on its debt – if Congress does…
(Reuters) – Nikola Corp said on Thursday Nasdaq gave the electric truck maker a delisting notice for not meeting its minimum bid price requirements. Shares of the company were down 5% at 73 cents. They fell about 78% last year on high battery material costs and production concerns. Nikola has been trying to raise cash…
SHANGHAI (Reuters) -Alibaba Group Holding Ltd said on Thursday it planned to hire 15,000 people this year, dismissing rumours circulating on Chinese social media in recent days that the company planned to cut 20% of its workers. In a post on the firm’s official Weibo account, Alibaba said that among the 15,000, more than 3,000…
By Joanna Plucinska GENEVA (Reuters) – A drop in tech stock valuations, economic pressures, and a risk-averse investment environment in Europe are some of the hurdles air taxi firms like Germany’s Lilium NV and Volocopter are facing, according to CEOs from the industry. Electric vertical takeoff and landing aircraft (eVTOL) have been touted as the…
A look at the day ahead in U.S. and global markets from Mike Dolan Two of the year’s dominant themes vied for investor attention overnight as the debt ceiling impasse threatened the U.S. government’s credit rating and chipmaking giant NVIDIA soared almost 30% on the artificial intelligence boom. Even though White House and congressional Republican…
(Reuters) – Bankrupt crypto lender Celsius Network LLC said on Thursday it has chosen Fahrenheit’s proposal as the winning bid to manage a new entity to be owned by its creditors, directing itself out of bankruptcy. Fahrenheit, a consortium that includes blockchain-based venture capital firm Arrington Capital, will provide the capital, management team and technology…
By Zeba Siddiqui and Christopher Bing (Reuters) -A state-sponsored Chinese hacking group has been spying on a wide range of U.S. critical infrastructure organizations, from telecommunications to transportation hubs, Western intelligence agencies and Microsoft said on Wednesday. The espionage has also targeted the U.S. island territory of Guam, home to strategically important American military bases,…
TOKYO (Reuters) -Sony Group Corp said on Thursday its chip business would buy land in the western Japanese prefecture of Kumamoto. Local media reported in December the tech and entertainment conglomerate is considering building a factory in Kumamoto to make smartphone image sensors. ($1 = 135.0500 yen) (Reporting by Miho Uranaka and Sam Nussey; Editing…
By Sheila Dang (Reuters) -Twitter crashed repeatedly on Wednesday during a highly anticipated live audio chat between Elon Musk, Twitter’s owner, and Florida Governor Ron DeSantis, hampering the politician’s announcement he is running for the Republican presidential nomination. Since Musk took over the social media platform in October, he has laid off thousands of employees…
By Paul Lienert and Nick Carey DETROIT/BICESTER, England (Reuters) – British electric van startup Arrival, which has hit many road bumps in its quest to become the next Tesla Inc, now hopes huge subsidies from the U.S. Inflation Reduction Act and a second reverse merger will give it a fresh shot at survival. Since it…
