In this article 9618-HK 700-HK JD.com plummeted Thursday after Tencent announced it will be giving most of its shares in the Chinese e-commerce giant away to its shareholders. Tencent said it will declare a one-time dividend in which it will distribute more than 457 million Class A ordinary shares of JD.com to shareholders, with a
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In this article NVDA FTNT ASAN SYNA UPST Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Technology stocks have been far from a sure bet since 2021 began its stretch run in mid-November. Inflationary concerns and fears of rising interest rates pushed investors out of software and internet
SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Electric carmaker Tesla is clearing the final hurdles to get its massive German “Gigafactory” up and running in the new year. The Berlin-Brandenburg plant has
Rivian electric trucks are seen parked near the Nasdaq MarketSite building in Times Square on November 10, 2021 in New York City. Michael M. Santiago | Getty Images If 2021 was the year for electric vehicle stocks, 2022 is the year for actual deliveries. At least that’s the wager. Investor money this year poured into
David Marcus, head of blockchain with Facebook Inc., waits for the start of a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, July 16, 2019. Andrew Harrer | Bloomberg | Getty Images It was a year of change for Facebook. The company was reborn as Meta, its first name change since Facebook dropped
Workers and supporters hold signs after filing a petition requesting an election to form a union outside the National Labor Relations Board (NLRB) regional office in the Brooklyn Borough of New York, on Monday, Oct. 25, 2021. Gabby Jones | Bloomberg | Getty Images A labor group seeking to organize Amazon warehouse workers on New
Matthew Lloyd | Bloomberg | Getty Images When a video game company only your kids have heard of goes public at a $38 billion valuation, you pay attention. When Microsoft‘s CEO drops the phrase “metaverse economies” on a quarterly earnings call, you pay attention. When Mark Zuckerberg says he’s going to spend $10 billion to
Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. FABRICE COFFRINI | AFP | Getty Images Google employees are pressing executives to bring back a part of the company’s culture that, in the past, made it a desirable place to work: candor.
This image shows part of Northern Ireland’s coastline. Matthew Leebody / EyeEm | EyeEm | Getty Images A consortium consisting of business and academia has been established with the aim of developing deep geothermal energy projects in Northern Ireland, in what represents the latest step forward for the sector in the U.K. The consortium, called
The site of a roof collapse at an Amazon.com distribution center in Edwardsville, Illinois. Drone Base | Reuters Gary Quigley was nearing the end of his Amazon delivery route on Friday when he noticed the winds were picking up. Quigley had been listening to local radio stations in Edwardsville, Illinois, all afternoon to keep an
In this article CERN ORCL A sign is posted in front of Oracle headquarters on December 09, 2021 in Redwood Shores, California. Justin Sullivan | Getty Images Enterprise software giant Oracle will buy electronic medical records company Cerner in an all-cash deal for $95 per share, or approximately $28.3 billion in equity value. The deal, expected to
The future of bitcoin is anyone’s guess, but one academic has warned that the world’s most popular cryptocurrency could fade out in the near future. Eswar Prasad, senior professor of international trade policy at Cornell University, told CNBC’s “Squawk Box Europe” earlier this month: “Bitcoin itself may not last that much longer.” Bitcoin’s price has
Chesnot | Getty Images For years, the U.S. government has maintained a side hustle auctioning off bitcoin and other cryptocurrencies. Historically, Uncle Sam has done a pretty lousy job of timing the market. The 500 bitcoin it sold to Riot Blockchain in 2018 for around $5 million? That’s now worth north of $23 million. Or
Chairman of Disney Michael Iger arrives for the Allen & Company Sun Valley Conference on July 06, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images New year prediction pieces are a journalism standard. But instead of giving my own projections, I asked 10 media executives, the promise of anonymity, to give me their
Workers transferring cryptocurrency mining rigs at a farm in Sichuan province AFP | Getty Images Kirk is mining for bitcoin in the Chinese province of Sichuan, hoping every day that he doesn’t get caught by the authorities. Like other crypto miners who have gone underground since Beijing cracked down on the industry earlier this year,
Asana CEO and Facebook co-founder Dustin Moskovitz PATRICIA DE MELO MOREIRA | AFP | Getty Images Dustin Moskovitz is buying the dip. Again. The billionaire co-founder and CEO of cloud software vendor Asana bought $81 million worth of the company’s stock this week as part of a pre-arranged trading plan, bringing his purchases for the
In this article SEZNL Z1P-AU APT-AU AFRM An Afterpay logo is seen displayed on a smartphone. Igor Golovniov | SOPA Images | LightRocket | Getty Images Shares of several “buy now, pay later” firms sank sharply after the U.S. consumer watchdog opened an investigation into the sector. The Consumer Financial Protection Bureau said Thursday it
An aerial view of Apple Park is seen in Cupertino, California, United States on October 28, 2021. Tayfun Coskun | Anadolu Agency | Getty Images Apple told staff on Wednesday that it is delaying a planned return to offices for corporate workers until an undetermined date, according to reports from Bloomberg News and NBC News