Billionaires Tyler and Cameron Winklevoss dipped into their own pockets to support their crypto exchange Gemini Trust Co., which has faced numerous setbacks during the yearlong market downturn for digital assets.
US stocks eked out a gain in holiday-thinned trading as investors shrugged off fears of one more Federal Reserve interest-rate hike following Friday’s US jobs data. The dollar climbed.
Samsung Electronics Co.’s pledge to cut memory chip production has lifted shares of rival manufacturers because the move could potentially ease a supply glut that’s hammered prices across the industry.
Mobile game developer Playtika Holding Corp. has attracted renewed takeover interest from private equity buyers, according to people familiar with the matter.
Independent contractors such as those who work for Uber Technologies Inc., Lyft Inc. and DoorDash Inc. aren’t barred by antitrust law from collectively seeking better pay and working conditions, Democratic FTC commissioner Alvaro Bedoya said Monday.
Apple Inc.’s personal computer shipments declined by 40.5% in the first quarter, the worst drop since the final three months of 2000, after sluggish demand and an industrywide glut hit the Mac maker especially hard.
Vishal Gupta, a Goldman Sachs veteran who was most recently senior director of product management at digital-asset trading platform Coinbase Global Inc., is leaving the company to work on a new project, according to a person familiar with the matter.
Taiwan Semiconductor Manufacturing Co. missed sales estimates for the second consecutive quarter in a sign of continued weakness in global electronics demand.
Chinese shares related to artificial intelligence plunged after a state media outlet urged authorities to step up supervision of potential speculation.
Crypto enthusiasts are about to get some good news: The Ethereum blockchain’s next big software upgrade is poised to happen on Wednesday. But like almost everything else in the digital-asset world these days, the long-anticipated tweaks won’t come without complications.
