Bitcoin Hits Highest in a Year as Crypto Rebounds From Scandals
Bitcoin hit its highest level in a year amid renewed fervor for digital assets despite a slew of challenges for the industry.
Bloomberg Tech
Citigroup, Google Among Firms Tightening Return-to-Office Rules
A running list for major US companies’ return-to-office mandates in 2023
Silicon Valley CEOs Get Biden, Modi Pitch to Invest in India
US President Joe Biden and Indian Prime Minister Narendra Modi met with some of the most powerful executives in Silicon Valley at the White House on Friday, as the two leaders sought to boost economic cooperation on artificial intelligence and advanced manufacturing.
Hospital Cyber Attacks Surge, Risking Struggling Bottom Lines
Cyberattacks on US hospitals are on the rise, adding a layer of financial pressure onto an industry still struggling to recover from the pandemic.
Coinbase Wins at Supreme Court as Ruling Backs Arbitration
The US Supreme Court sided with a Coinbase Global Inc. unit in a ruling that reinforces the ability of companies to channel customer and employee disputes into arbitration.
US Stocks Slide as Investors Seek Safety in Bonds: Markets Wrap
US stocks headed for the worst week since March as anxiety rose that central banks will have to ratchet rates higher to tamp down inflation. Treasuries led a rally in bonds on bets that excessive tightening will bring on sharp economic downturns.
London’s Aging Power Grid Undermines British AI Ambitions, Virtus Warns
London’s electricity system is struggling to add more data centers, deterring potential investment and undermining Britain’s ambitions in technology like AI, a business has warned the UK energy regulator.
Nikola Cites ‘Foul Play’ in Fire at EV Maker’s Headquarters
Nikola Corp. suspects “foul play” after an early-morning fire broke out at its Phoenix headquarters that affected several of its electric big rigs.
Ford Gets More Government Support for EVs Wall Street Has Doubted
The terms of the Department of Energy’s $9.2 billion loan are likely much more favorable than what the automaker could have secured from the private sector.
TikTok Ban? Not at Cannes, Where Advertisers Embrace the App
One marketer sums it up: “We want to be where the eyeballs are”