A Tesla store in Changzhou, China, in April 2022. Tencent, known as one of the world’s largest gaming and social media companies, invested in Tesla in 2017, taking a 5% stake worth around $1.78 billion. Sheldon Cooper Picture of Sopa…
Translation: The government is cut and can no longer pay its bills without taking extraordinary measures. “The United States has a budget deficit, which means that it does not generate enough money from taxes and other sources of revenue to…
Top bankers and entrepreneurs say Joe Biden has jumped on Europe in handling the climate crisis, as companies and investors seek to capitalize on Washington’s massive green energy package. Delegates at the World Economic Forum in Davos were united in…
Barry Silbert, Founder and CEO, Digital Currency Group David A Grogan | CNBC Crypto lender Genesis filed for Chapter 11 bankruptcy protection late Thursday night in Manhattan federal court, the latest victim in the industry contagion caused by the collapse…
T-Mobile US said hackers obtained data for 37 million customer accounts, though it did not include payment card information or personal identification numbers. The wireless provider said it found the hack on January 5 and was able to track down…
After spending weeks in a crowded hospital in eastern Jiangsu province nursing his 53-year-old father as he died of pneumonia caused by Covid-19, Wang was shocked to learn the disease that took his life on Saturday could not be printed…
Binance is the world’s largest crypto exchange, handling billions of dollars in daily trading volume. STR | NurPhoto via Getty Images Federal prosecutors unveiled an indictment against a crypto exchange called Bitzlato on Wednesday, alleging that it facilitated the laundering…
FBI Director Christopher Wray said Thursday that he is “deeply concerned” about the Chinese government’s artificial intelligence program, stressing that it is “not limited by the rule of law.” Speaking during a panel session at the World Economic Forum in…
Reed Hastings is stepping down as chief executive of Netflix, the company he founded 25 years ago, in a shake-up at the top of one of Hollywood’s most powerful studios. Hastings, who launched Netflix in 1997 as a DVD-by-mail service,…
Over the past three years, the global media and entertainment industry has been defined by the streaming war. Every media company created a streaming service to compete. Only the strongest will survive, the narrative goes. The losers will merge or…