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Microchip Technology Lowers Revenue Forecast and Shuts Arizona Plant

Microchip Technology adjusted its revenue expectations for the third quarter on Monday, predicting figures near the lower end of its $1.03 billion forecast. This revised outlook falls short of analysts’…

Coinbase Halts Expansion Efforts into the Turkish Cryptocurrency Market

Cryptocurrency exchange Coinbase has decided to retract its initial application for entering the burgeoning Turkish crypto market, as revealed by documents from the Turkish Capital Markets Board (CMB). Coinbase’s Initial…

Changpeng Zhao Open to a Presidential Pardon from Donald Trump

Former Binance CEO Changpeng “CZ” Zhao has expressed his openness to receiving a federal pardon from United States President-elect Donald Trump. This statement came during a December 1 exchange on…

Nvidia Invests in Nebius Group’s $700 Million AI Infrastructure Drive

AI infrastructure firm Nebius Group has secured $700 million in a private funding round led by investors such as Nvidia, Accel, and Orbis Investments. The financing marks a critical milestone…

Swiggy Brings 10-Minute Food Delivery to 400 Cities Nationwide

Swiggy has extended its 10-minute food delivery service, Bolt, to over 400 cities and towns across India. The Bengaluru-based startup, which recently debuted on the stock market, is collaborating with…

MicroStrategy Acquires $1.5 Billion Worth of Bitcoin in a Week

MicroStrategy, known for its substantial corporate Bitcoin investments, recently disclosed the purchase of approximately 15,400 BTC over the period from November 25 to December 1. This acquisition, financed through $1.5…

Threads Rolls Out Advanced Search Filters to Challenge Bluesky and X

Threads, Meta’s alternative to X (formerly Twitter), is introducing an advanced search feature to enhance user experience. This update, set to roll out globally over the next few weeks, allows…

Brazil Tightens Regulations on Stablecoin Withdrawals

Amid a steep decline in the value of the Brazilian real against the U.S. dollar, Brazil’s central bank, Banco Central do Brasil (BCB), has issued a draft regulation aimed at…

Tencent’s New Game Looks Like a Clear Copy of Horizon

Tencent’s subsidiary, Polaris Quest, has unveiled its upcoming sci-fi adventure game, Light of Motiram, and it’s causing quite a stir. The game’s initial teaser features a post-apocalyptic setting where humans…

Apple Accused of Spying on Employees in New Lawsuit

Apple’s reputation as a privacy-first company is under scrutiny following a new lawsuit accusing the tech giant of spying on its employees. Filed on Sunday in California state court, the…

XRP Climbs Back to Third Place After Extended Legal Battle with SEC

XRP, the digital currency used by U.S. blockchain payment firm Ripple, has reclaimed its position as the third-largest cryptocurrency by market capitalization. This resurgence marks a significant comeback after being…

Biden’s Pardon of Hunter: A Complex Decision Shrouded in Controversy

In an unprecedented move, President Joe Biden issued a blanket pardon for his son, Hunter Biden, sparking a firestorm of criticism from both political parties. This action, taken late on…

The AI Rivalry Between China and the U.S. Sparks New Global Debates

China’s ambition to lead in artificial intelligence (AI) development is a double-edged sword. While the country’s advancements may position it ahead of the United States in the AI race, the…

Judge Rejects Elon Musk’s $56 Billion Pay Deal Despite Shareholder Approval

Delaware Chancery Court Judge Kathaleen McCormick has upheld her decision to nullify Tesla CEO Elon Musk’s $56 billion pay package. Despite a shareholder vote earlier this year to re-ratify the…

Tesla Updates Introduce Apple Watch App and More Features—Including Fart Pranks

Tesla’s latest update includes practical advancements and a sprinkle of humor, reinforcing the company’s knack for blending utility and playfulness. Among the new features is an Apple Watch app, expected…

Intel CEO Pat Gelsinger Removed After Boardroom Disputes

Intel’s board of directors has ousted CEO Pat Gelsinger, marking the end of a challenging tenure that spanned nearly four years. The decision, announced Monday, follows a turbulent period where…

Chinese Semiconductor Industry Faces Fresh US Export Curbs

The United States is set to implement its third major crackdown on China’s semiconductor industry in as many years, introducing a new package of export restrictions on Monday. This move…

Kioxia Sets IPO Price Range at 1,390 to 1,520 Yen Per Share

Chipmaker Kioxia, backed by Bain Capital, has established a tentative price range of 1,390 to 1,520 yen ($9.22 to $10.09) per share for its upcoming initial public offering, according to…

Meta Implements Stricter Ad Rules in Australia to Combat Financial Scams

Meta Platforms, the parent company of Instagram and Facebook, has introduced enhanced regulations for advertisers of financial products and services in Australia. The new measures aim to curb the spread…

Woman Wins $1,380 for Staying Smartphone-Free for Eight Hours

A woman in Chongqing, China, recently won 10,000 yuan (approximately $1,380) after successfully completing a “public welfare challenge” that tested participants’ ability to stay away from their smartphones for eight…