Cryptocurrencies plunged Tuesday as investors digested an emergency deal struck for an undisclosed sum between major crypto exchanges Binance and FTX. Bitcoin (BTC-USD) tumbled 13% over the last 24 hours from $19,800 to a period low of $17,603, the largest one-day drop since June. It has since recovered above $18,600 per coin. The second largest cryptocurrency, ether (ETH-USD) sold off by 15% on the day from $1,468 to $1,318. FTX’s exchange token FTT, fell by as much as 84% on the day from… Source link
Read More »Apple raises prices of its services as media executives double down on price hikes
Apple (AAPL) is joining its streaming competitors in hiking prices. On Monday, the tech giant announced price increases across its various services including Apple TV+, Apple Music, and the Apple One Bundle. This is the first time Apple has raised the subscription prices of those offerings in the U.S., and international markets will see similar price increases. In a statement to Yahoo Finance, an Apple spokesperson confirmed the price hikes, stating: “The subscription prices for Apple Music,… Source link
Read More »Apple raises prices of its services as media executives double down on price hikes
Apple (AAPL) is joining its streaming competitors in hiking prices. On Monday, the tech giant announced price increases across its various services including Apple TV+, Apple Music, and the Apple One Bundle. This is the first time Apple has raised the subscription prices of those offerings in the U.S., and international markets will see similar price increases. In a statement to Yahoo Finance, an Apple spokesperson confirmed the price hikes, stating: “The subscription prices for Apple Music,… Source link
Read More »Bitcoin Becoming Less Volatile Than Stocks Raises Warning Flag
(Bloomberg) — At first blush, Bitcoin becoming less volatile than stocks might appear like a positive development. But crypto traders are warning that in a low-volume environment, that might not be a great thing. Most Read from Bloomberg The coin’s 30-day realized volatility has “dropped sharply” in recent days, according to Noelle Acheson, author of the “Crypto is Macro Now” newsletter. It’s currently at around 52% after spending the past month above 64% on an annualized basis,… Source link
Read More »Former Google ads boss raises $40 million for ‘Web3’ search startup
Google’s senior vice president of advertising and commerce Sridhar Ramaswamy Krisztian Bocsi | Bloomberg | Getty Images A top former Google executive wants to make searching the blockchain easier with his new startup. Sridhar Ramaswamy, who led the internet giant’s ad business from 2013 to 2018, has started a new company called nxyz. The venture is officially launching Wednesday after attracting investment from several top investors, he told CNBC exclusively. Armed with a rolodex of eminent… Source link
Read More »Amazon’s deal spree raises ‘No. 1 question’ from investors, tech analyst says
Amazon (AMZN) has telegraphed to investors and the world that deals are key to its future, but those transactions create antitrust risks — and investors are taking notice, Jefferies analyst Brent Thill told Yahoo Finance Live (video above). Amazon has made headlines for its big-ticket dealmaking in recent months. The company acquired both subscription health care provider OneMedical (ONEM) and Roomba-maker iRobot in quick succession, for $3.9 billion and $1.7 billion respectively. However,… Source link
Read More »Assange case raises media freedom concerns: UN rights chief – Arab News
GENEVA: UN rights chief Michelle Bachelet said Saturday that the potential extradition and prosecution of Julian Assange raised concerns for media freedom and could have a “chilling effect” on investigative journalism.Assange, who has been held in a high-security London prison since 2019, has filed an appeal against his extradition from Britain to the United States.The Australian is wanted to face trial for allegedly violating the US Espionage Act by publishing classified US military… Source link
Read More »Tom Brady raises more questions with response to ‘Masked Singer’ rumor
WATCH THE VIDEO ABOVE to see today’s piping-hot, fresh-outta-the-oven episode of THE RUSH with Jared Quay! We’ll let you know everything you didn’t know you needed to know about sports. Other stuff too. But mostly sports. It’s Tuesday, August 23, 2022, and here’s what Jared is cookin’ up: Tom Brady returned to Buccaneers training camp after an 11-day hiatus The quarterback refuted the rumor that he took leave to record the TV show “The Masked Singer,” but The Rush has its… Source link
Read More »Raises guidance, sees ‘healthy and high’ demand in all core markets
Mercedes-Benz Group (MBG) reported higher revenue and adjusted earnings before interest and taxes (EBIT) for the second quarter compared to last year, despite the effects of “semiconductor bottlenecks and supply-chain disruptions.” The supply disruptions led to a 7% drop in sales, Mercedes said, but revenue still rose 8% from a year ago, and adjusted EBIT spiked 20%. Better pricing and margins boosted both for Mercedes. The German automaker also upped its guidance for the year, now seeing… Source link
Read More »You.com raises $25 million to take on Google’s search dominance
“Why won’t Google just build that?” That question has been posed to entrepreneurs by venture capitalists so often that it’s become a cliché. But not when asked of Richard Socher, the former Salesforce chief scientist who founded a web search startup called You.com. Driving the news: You.com today is announcing $25 million in Series A funding led by Radical Ventures. This follows a $20 million seed round last fall led by Marc Benioff’s Time Ventures. Other backers in the new deal include Breyer… Source link
Read More »