Elon Musk was portrayed Wednesday as one of those liars who unwittingly destroyed the savings of “ordinary people” or well-intentioned visionaries as lawyers delivered opening statements in a trial focused on the Tesla purchase that never happened. Lawyers from the…
Chesapeake Energy, a prime mover in the US shale energy revolution, has struck a $1.4bn deal to divest most of its Texas oil assets as it spends crude oil production to drill for natural gas. The company said Wednesday it…
Barry Silbert, Founder and CEO, Digital Currency Group Anjali Sundaram CNBC Crypto trade publication CoinDesk explores potential sales, hires advisors Lazard to consider a move that will remove from Barry Silbert’s Digital Currency Group. “Over the last few months, we…
Just two weeks after Buffalo Bills safety Damar Hamlin was rushed off the field due to a heart attack, Tampa Bay Buccaneers wide receiver Russell Gage was hospitalized with a concussion and neck injury after a hit during Saturday’s playoff…
Founders Fund, the venture capital firm founded by billionaire Peter Thiel, closed almost all of its eight-year bet on cryptocurrencies shortly before the market began to collapse last year, raising about $1.8 billion. The San Francisco-based fund made its first…
Trade tensions between the EU and the US dominated the talk at Davos. Anadolu Agency Anadolu Agency Getty Images DAVOS, Switzerland – It’s the talk of the town. Transatlantic trade tensions dominated the conversation at the World Economic Forum this…
This is Elon Musk’s Twitter fire sale. The new owner of this social media platform is holding an auction to sell many of the company’s remaining assets and everything needs to be done, whether it’s a chair, a chair, or…
Microsoft has become the latest big tech company to reverse a pandemic-era hiring spree in the face of a slowing economy, as it announced plans to lay off 10,000 employees by the end of March, or nearly 5 percent of…
Mobileye has the potential to further boost its reputation in the world of autonomous and assisted-driving, according to Deutsche Bank. That could mean good news for stocks. Analyst Emmanuel Rosner initiated coverage on the stock as a buy. The $48…
ConsenSys, the Ethereum-focused software company best known for its flagship MetaMask wallet, is the latest crypto company to take a pay cut. On Wednesday, founder Joseph Lubin published a blog post announcing 97 layoffs—11% of the company’s staff. In an…