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February 6, 2023

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Bitcoin Miners Cut Power the Most Since China Ban Amid Heat Wave

August 4, 2022July 29, 2022 - by sfi-nlcom

Bitcoin miners saw the biggest drop in computing power since China banned crypto mining last May due to a record heatwave in Texas. A leading indicator of closures, Bitcoin mining …

Bitcoin Miners Cut Power the Most Since China Ban Amid Heat Wave Read More
Technology

Musk Lieutenant Scrutinized in Internal Tesla Purchasing Probe

August 3, 2022July 29, 2022 - by sfi-nlcom

Omead Afshar, one of Elon Musk’s top lieutenants and the executive running Tesla Inc.’s Texas factory, is under scrutiny in an internal investigation for his role in a plan to …

Musk Lieutenant Scrutinized in Internal Tesla Purchasing Probe Read More
Technology

Snap Revenue Misses Estimates as Advertisers Pull Spending

August 2, 2022July 29, 2022 - by sfi-nlcom

Snap Inc. fell to its lowest level in more than two years after the company reported disappointing sales, roiled by a major slowdown in ad spending and rising competition for …

Snap Revenue Misses Estimates as Advertisers Pull Spending Read More
Technology

Seagate Drops After ‘Economic Conditions’ Blamed for Weak Forecast

August 1, 2022July 29, 2022 - by sfi-nlcom

Seagate Technology Holdings Plc, the biggest maker of computer hard drives, gave a weak forecast for the current period citing “weakening global economic conditions,” sending the stock down more than …

Seagate Drops After ‘Economic Conditions’ Blamed for Weak Forecast Read More
Technology

Snap Craters as Sales Disappoint, Erases $130 Billion From Peers

July 31, 2022July 29, 2022 - by sfi-nlcom

US social-media companies saw more than $130 billion wiped off their stock-market values Friday, after disappointing revenue from Snap Inc. and a lackluster report from Twitter Inc. raised new concerns …

Snap Craters as Sales Disappoint, Erases $130 Billion From Peers Read More
Technology

Crypto-Asset Platforms to Face Stricter Regulations in Thailand

July 30, 2022July 29, 2022 - by sfi-nlcom

Thailand plans to tighten supervision of digital-asset firms after a cryptocurrency selloff saddled retail investors with large losses and toppled several companies, the country’s top regulator said. The Securities & …

Crypto-Asset Platforms to Face Stricter Regulations in Thailand Read More
Technology

Korean Hedge Fund Buys Tech Stocks Betting Worst Over for Market

July 29, 2022July 29, 2022 - by sfi-nlcom

South Korean hedge fund J&J Investments Co. is increasing its position in Naver Corp. and other tech shares on expectations the nation’s equity market will stage a recovery from a …

Korean Hedge Fund Buys Tech Stocks Betting Worst Over for Market Read More

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