In this article ENEL-IT The CEO of multinational Italian energy firm Enel has expressed doubt on the usefulness of carbon capture and storage, suggesting the technology is not a climate solution. “We have tried and tried — and when I say ‘we’, I mean the electricity industry,” Francesco Starace told CNBC’s Karen Tso on Wednesday. “You can imagine,
Technology
India is set to propose a new cryptocurrency bill in parliament, and investors are trying to make sense of what this might mean for the future of virtual coins in South Asia’s largest economy. Lawmakers may ultimately opt to impose tough regulations on the crypto market instead of an outright ban on private coins, according
In this article FB Adam Mosseri, Facebook Beck Diefenbach | Reuters Instagram’s chief executive Adam Mosseri is expected to testify before Congress for the first time the week of Dec. 6, a spokesperson for Sen. Richard Blumenthal, D-Conn., confirmed to CNBC. “After bombshell reports about Instagram’s toxic impacts, we want to hear straight from the
In this article AAPL Apple CEO Tim Cook delivers the keynote address during the 2020 Apple Worldwide Developers Conference (WWDC) at Steve Jobs Theater in Cupertino, California. Brooks Kraft/Apple Inc/Handout via Reuters Apple on Tuesday sued NSO Group, an Israeli firm that sells software to government agencies and law enforcement that allows them to hack
Sundar Pichai, CEO of Google Anindito Mukherjee | Bloomberg | Getty Images Several hundred Google employees have signed and circulated a manifesto opposing the company’s vaccine mandate, posing the latest challenge for leadership as it approaches key deadlines for returning workers to offices in person. The Biden administration has ordered U.S. companies with 100 or
In this photo illustration of the ripple cryptocurrency ‘altcoin’ sits arranged for a photograph on April 25, 2018 in London, England. Jack Taylor | Getty Images News | Getty Images Fintech company Ripple is making great strides in its legal feud with the U.S. Securities and Exchange Commission, CEO Brad Garlinghouse told CNBC on Monday.
Zoom CEO Eric Yuan makes a toast after the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images Zoom reported better-than-expected quarterly earnings on Monday, while warning investors of a revenue slowdown at the video-chat company as the pandemic comes to an end. Here’s how the company did:
In this article BTC.CB= President of El Salvador, Nayib Bukele, gestures during his speech at the closing ceremony of the Latin Bitcoin conference (LaBitConf) at Mizata Beach, El Salvador, where he announced “Bitcoin City”, on November 20, 2021. Marvin Recinos | AFP | Getty Images El Salvador plans to construct a “Bitcoin City” near a
In this article CMCSA DISH T SBGI AMZN AAPL Nikola Jokic #15 of the Denver Nuggets shoots the ball during the game against the San Antonio Spurs during Game Five of Round One of the 2019 NBA Playoffs on April 23, 2019 at the Pepsi Center in Denver, Colorado. Bart Young | National Basketball Association
In this article RBLX FB A new video by Inspired by Iceland pushes back against experiencing life through the “metaverse,” as described by Mark Zuckerberg during Facebook’s rebranding to Meta on Thursday, Oct. 28, 2021. Michael Nagle | Bloomberg | Getty Images Online dating apps, a crypto exchange and a professional wrestling brand are among
Avegant, a start-up in San Mateo, California, has built an LED light-engine that could enable device manufacturers to build small, stylish augmented-reality smart glasses. Courtesy of Avegant I recently tried a pair of prototype smart glasses from Avegant that gave me a glimpse of a future where we may be able to watch videos, get
Elizabeth Holmes, the founder and former CEO of blood testing and life sciences company Theranos, arrives for the first day of her fraud trial, outside Federal Court in San Jose, California. September 8, 2021. Nick Otto | AFP | Getty Images SAN JOSE, CALIF — A smiling Elizabeth Holmes took the stand on Friday to
In this article AAPL Apple CEO Tim Cook attends Apple’s “Ted Lasso” Season 2 Premiere at Pacific Design Center on July 15, 2021 in West Hollywood, California. Axelle/Bauer-Griffin | FilmMagic | Getty Images Apple shares hit a record on Friday following a report that the company is accelerating efforts to launch a self-driving vehicle. As
An illustration showing physical bitcoins alongside binary code displayed on a laptop. Jakub Porzycki | NurPhoto via Getty Images LONDON — Investors have lost billions of dollars to criminals targeting so-called “decentralized finance” platforms this year. According to a report from London-based firm Elliptic, more than $10 billion worth of user funds has been stolen
In this article RIVN LCID Shares of Rivian and Lucid Motors continued to fall Thursday as investors take profits and pull back from some of the EV hype driven by Rivian’s monster market debut. Rivian was down more than 13% while Lucid dropped roughly 12% as of midday. The electric vehicle makers have gained intention
In this article AFRM APT-AU The Klarna logo displayed on a phone screen. Jakub Porzycki | NurPhoto | Getty Images LONDON — Buy now, pay later services aren’t just popular among consumers. They’re also proving to be a hit with criminals. Fraudulent activity is on the rise at some of the largest buy now, pay
In this article NVDA Nvidia stock rose over 3% after the reported earnings on Wednesday for its third fiscal quarter that beat expectations for both earnings and sales. The company also issued a bullish forecast for revenue in the current quarter ending in January. Here’s how it did versus Refinitiv consensus expectations for the quarter
In this article 9999-HK Cloud Village, the music streaming arm of NetEase runs the NetEase Cloud Music app which is displayed on a smartphone in this photo. Fan Jianlei | Visual China Group | Getty Images GUANGZHOU, China — Cloud Village — the music streaming arm of NetEase — is pushing ahead with an initial
In this article QCOM Cristiano Amon, CEO of Qualcomm. Steve Marcus | Reuters Qualcomm stock rose as much as 7% on Tuesday after it issued bullish forecasts at an investor’s conference in New York and said that its growth doesn’t rely on a relationship with any single customer, such as its modem chip sales to
In this article ETH= BTC.BS=-USS A representations of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken May 19, 2021. Dado Ruvic | Reuters Bitcoin and other cryptocurrencies fell sharply on Tuesday retreating from near-record highs. Bitcoin fell toward $60,000 during late morning trade Singapore time, according to CoinDesk