Coinbase Global Inc. posted a narrower loss and a smaller-than-estimated revenue decline, as the biggest US digital-asset trading platform saw first-quarter results stabilize somewhat during a rebound in cryptocurrency prices.
Uber Technologies Inc.’s former security chief was spared from prison for concealing a massive data breach in 2016.
Apple Inc. Chief Executive Officer Tim Cook expressed cautious optimism about the flood of new artificial intelligence services, saying that while the technology has huge potential, there also are “a number of issues that need to be sorted.”
A rout in regional banks roiled markets, with anxiety about the next financial shoe to drop making traders boost their bets on Federal Reserve rate cuts. Apple Inc. rose in late hours after reporting earnings.
A bipartisan group of US senators introduced legislation that would allow President Joe Biden to sign a tax agreement with Taiwan, addressing an issue that businesses on both sides have pointed to as a barrier for further investment.
Credit ratings on the world’s top technology companies are likely to withstand moving production away from China as Beijing-Washington tensions escalate, according to S&P Global Ratings.
When Coinbase Global Inc. became the first US crypto exchange to go public, the Nasdaq debut was seen as a sign the freewheeling industry was joining the financial mainstream with the blessing of US regulators.
PacWest Bancorp, First Horizon Corp. and Western Alliance Bancorp led a renewed slide in the shares of US regional lenders, adding to concern for a sector that’s been rattled in recent months by the collapse of multiple firms.
New York City’s subways, buses and commuter rails are once again using Twitter for real-time transit alerts after the platform owned by Elon Musk backed down from its plan to charge government entities for using the service.
Block Inc., the digital payments company run by Jack Dorsey, raised its outlook for a measure of full-year profit after use of its Cash App product jumped in the first three months of the year.
