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Helping you understand the world of money - one post at a time.

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2025-04-16 18:05:09 -

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AMD expects $800 million hit from U.S. chip restrictions on China
Advanced Micro Devices said it could incur charges of up to $800 million for exporting some products to China and other countries.

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2025-04-16 16:05:23 -

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Spotify is down. Company says it is working to fix it
The music streaming giant did not provide details about the scope of the outage.

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2025-04-16 14:06:54 -

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Chip stocks fall as Nvidia, AMD warn of higher costs from China export controls
The chipmaking sector offered up fresh signs that President Donald Trump's sweeping tariff plans could hamper demand.

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2025-04-16 12:07:14 -

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Lyft to buy taxi app Free Now for $200 million to expand into Europe
The acquisition — Lyft's first in Europe — is expected to close in the second half of 2025.

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2025-04-16 10:07:28 -

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Google faces £5 billion lawsuit in the UK for abusing 'near-total dominance' in search
A class action lawsuit filed Tuesday in the U.K. Competition Appeal Tribunal claims Google abused its position to restrict competing search engines.

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2025-04-16 06:07:45 -

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Critical chip firm ASML flags tariff uncertainty after net bookings miss
ASML reported net bookings of 3.94 billion euros ($4.47 billion) for the first quarter, versus a Reuters reported forecast of 4.89 billion euros.

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2025-04-16 04:07:16 -

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Google receives cease and desist order from Japan’s antimonopoly watchdog over unfair practices
Japan's antimonopoly watchdog has issued a cease and desist order against Google for unfair trade practices regarding search services for its Android devices.

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2025-04-16 02:06:54 -

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Bunq, a neobank for 'digital nomads,' accelerates U.S. expansion effort as profit jumps 65%
Dutch digital bank Bunq said Tuesday that it's applied for a broker-dealer license, in an initial step toward securing a full banking license.

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2025-04-16 00:06:25 -

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Figma confidentially files for IPO more than a year after ditching Adobe deal
Figma, whose software is widely used among app designers, appears headed for the public market after abandoning a tie-up with Adobe in 2023.

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2025-04-15 22:03:28 -

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Nvidia says it will record $5.5 billion charge tied to H20 processors exported to China
Nvidia will take a quarterly charge of about $5.5 billion tied to exporting H20 graphics processing units to China and other destinations.

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2025-04-15 20:03:28 -

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Meta CEO Mark Zuckerberg considered spinning off Instagram from Facebook in 2018: FTC trial
Meta CEO Mark Zuckerberg considered spinning out Instagram in 2018, according to an email presented Tuesday in the FTC's antitrust trial against the company.

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2025-04-15 18:05:48 -

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Amazon emails sellers to gauge how Trump's tariffs are impacting their businesses
Amazon asked third-party sellers how the "current U.S. tariff situation" has affected sourcing and pricing, logistics and plans to ship goods into warehouses.

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2025-04-15 16:04:58 -

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HPE shares rise after activist Elliott Management takes $1.5 billion stake
Hewlett Packard Enterprise shares jumped after Elliott Investment Management took a more than $1.5 billion stake in the server maker

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2025-04-15 14:03:57 -

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U.S.' inability to replace rare earths supply from China poses a threat to its defense, warns CSIS
As China imposes rare earths export controls, the U.S. is unable to make up the shortfall, according to the Center for Strategic and International Studies.

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2025-04-15 08:07:08 -

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Adobe takes stake in Synthesia, startup behind AI clones for corporate videos
Synthesia told CNBC that Adobe's venture capital arm injected an undisclosed amount of funds into the firm in a "strategic" partnership.

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2025-04-15 06:07:20 -

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U.S. announces probe into chip, electronics imports, paving the way for new tariffs
The U.S. Commerce Department is conducting an investigation into imports of various semiconductor technologies and electronics, a federal notice shows.

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2025-04-15 02:07:00 -

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South Korea announces over $23 billion for chip sector as Trump tariffs on semiconductor imports loom
The 33 billion won figure was about a quarter more than the 26 trillion committed last year.

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2025-04-15 00:06:24 -

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Online trading platform Webull soars 375% in second day on market after SPAC merger
Webull, which competes with Robinhood, has racked up 23 million users, including some who signed up after receiving stimulus checks.

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2025-04-14 22:06:39 -

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Apple regains $3 trillion market cap after Trump exempts tariffs on iPhones
President Donald Trump said on Monday that "he helped Tim Cook," after his administration late Friday exempted tariffs on phones.

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2025-04-14 14:05:47 -

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Meta resorted to 'buy-or-bury scheme' with Instagram and WhatsApp deals, former FTC Chair Lina Khan says
Former FTC Chair Lina Khan said Monday that Facebook's acquisitions of Instagram and WhatsApp drastically changed the social networking ecosystem.

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2025-04-14 08:15:55 -

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Sony raises PlayStation 5 prices in Europe citing 'challenging' economic environment
Sony said it has made the "tough decision" to raise prices against the "backdrop of a challenging economic environment."

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2025-04-12 18:09:48 -

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Apple, Google, Cash App alums ditch Big Tech to build on bitcoin, fueled by VC money and friendly White House
In Austin, Apple, Google, and Cash App alums ditch big paychecks for bitcoin, backed by VCs, crypto friendly policy and belief that this time, it is different.

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2025-04-12 14:10:12 -

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Tokenization of the market, from stocks to bonds to real estate is coming, says BlackRock CEO Larry Fink, if we can solve one problem
BlackRock CEO Larry Fink thinks tokenization of stock and bond markets will revolutionize financial ownership and investing, but there's a security challenge.

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2025-04-12 02:06:22 -

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Meta adds former Trump advisor to its board
Dina Powell McCormick's husband is a Republican senator who received Trump's endorsement, and she served in Trump's first administration.

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2025-04-12 00:04:24 -

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Peter Thiel's Founders Fund closes $4.6 billion growth fund
Founders Fund said in a filing with the SEC on Friday that it has closed a $4.6 billion late-stage venture fund.

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2025-04-11 22:04:49 -

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Apple may hike iPhone prices as Trump tariffs on China remain high
Apple's reliance in China will likely lead to higher prices for iPhones.

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2025-04-11 20:04:54 -

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Here’s how much a ‘Made in the USA’ iPhone would cost
The White House says President Trump believes Apple can make a U.S. iPhone, but there are many reasons why analysts say that's likely not possible.

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2025-04-11 18:05:46 -

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UnitedHealth is making struggling doctors repay loans issued after last year's cyberattack
UnitedHealth is aggressively recouping the loans the company offered doctors following the 2024 cyberattack at its Change Healthcare unit.

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2025-04-11 16:06:49 -

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Tech stocks head for winning week with Nvidia tracking for 15% bounceback
Technology stocks were on pace for a winning week Friday on the heels of a volatile stretch spurred by ongoing tariff uncertainty.

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2025-04-11 14:06:37 -

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With IPOs on hold even longer, tariffs spell trouble for private tech investors
The venture capital industry was already under a lot of pressure prior to the multitrillion-dollar stock market rout last week.

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