Technology

These 20 stocks in the S&P skidded as much as 21.5% during another brutal week for the market

Another difficult week for U.S. stocks ended with shares of oil producers sliding and Ford Motor Co. tumbling further on concerns over supply shortages. The S&P 500 SPX, -1.72% fell 1.7% on Friday for a one-week decline of 4.6%, as investors continued to fret about the Federal Reserve’s interest-rate increases to temper inflation. Among components …

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Trump merger partner Digital World falls to about $16 after hitting $97 in early 2022

The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald Trump in this picture illustration taken February 21, 2022.Dado Ruvic | ReutersShares of Digital World Acquisition Corp. fell this week as the company missed a key deadline to hold on to about $1 billion in …

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‘Moore’s Law’s dead,’ Nvidia CEO Jensen Huang says in justifying gaming-card price hike

Nvidia Corp. Chief Executive Jensen Huang on Wednesday said he thinks it’s going to be “a pretty terrific Q4 for Ada,” the company’s next-generation chip architecture unveiled this week, even as critics balk of a price hike during a softening in consumer demand.Nvidia NVDA, +0.65% expects high demand for gaming chips using its next-generation “Ada …

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FTX in talks to raise $1 billion at valuation of about $32 billion

Sam Bankman-Fried speaks onstage during the first annual Moonlight Gala benefitting CARE – Children With Special Needs at Casa Cipriani on June 23, 2022 in New York City.Craig Barritt | Getty ImagesSam Bankman-Fried’s crypto conglomerate FTX is in talks with investors to raise up to $1 billion in new funding that would keep the company’s …

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Google co-founder’s flying car startup is winding down

Larry PageJustin Sullivan | Getty ImagesGoogle co-founder Larry Page’s flying car startup Kittyhawk is winding down, the company announced Wednesday.”We’re still working on the details of what’s next,” the company wrote in a LinkedIn post.Kittyhawk was founded as Zee.Aero in 2010 when Page recruited Sebastian Thrun, who had worked on self-driving cars and other experimental …

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NTSB recommends technologies to curb drunk driving and speeding in new vehicles

CNN  —  The federal agency responsible for conducting independent accident investigations has recommended technologies in new vehicles to limit speeding and prevent impaired driving in an attempt to cut down on a growing number of related fatal crashes. The National Transportation Safety Board’s recommendation of alcohol impairment detection systems are on a pathway toward requirement, …

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There’s only one ‘perfect asset’ to fight all the bad news that could be coming, says this strategist

Ahead of that, stocks are falling after Ford warned on high supply costs, on the heels of FedEx’s FDX, -2.46% profit caution last week. The dollar and cash have been among the most popular havens for investors as they navigate recession risks with higher rates and higher inflation, alongside a brutal war in Europe. But …

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Ether (ETH) drops 15% since Ethereum merge as traders take profits

Ethereum underwent a huge network upgrade called the merge which proponents say will make transactions much more energy efficient. Following the merge, ether prices have dropped following a huge run up ahead of the event.Jakub Porzycki | Nurphoto | Getty ImagesEther has fallen more than bitcoin since the cryptocurrency’s underlying technology, the Ethereum network, underwent …

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Opinion: Adobe’s stock got slammed for spending $20 billion on Figma. But it now owns a rare company.

Adobe beat revenue and profit expectations, and on the same day announced it would acquire a smaller but faster-growing rival in online design-collaboration tools. The stock market rewarded the company by pushing down its shares ADBE, -3.12% to the lowest level in almost three years.  Investors punished the company not for its earnings report, released …

Opinion: Adobe’s stock got slammed for spending $20 billion on Figma. But it now owns a rare company. Read More »