Tag Archives: CNBC

SBF’s ex-girlfriend Caroline Ellison takes the stand as government’s star witness

Caroline Ellison is expected to take the stand in Sam Bankman-Fried criminal trial on Tuesday.

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Inside Sam Bankman-Fried’s $35 million crypto frat house in the Bahamas

Sam Bankman-Fried’s luxury penthouse is at the center of the prosecution’s criminal fraud case against the FTX founder

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Xpeng suspends supply chain boss for corruption probe

Xpeng on Tuesday said it suspended Li Feng, its vice president in charge of supply chains, for a corruption probe.

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Samsung expected to report 80% profit plunge as losses mount at chip business

The semiconductor business — typically Samsung’s cash cow — is likely to see continued pressure as memory prices and demand for end products remain low.

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‘Overhyped’ generative AI will get a ‘cold shower’ in 2024, analysts predict

Analyst firm CCS Insight predicts generative AI will get a “cold shower” in 2024 as concerns over growing costs replace the “hype” surrounding the technology.

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Samsung, SK Hynix get indefinite waivers to ship U.S. chip equipment to their China factories

Samsung and SK Hynix will be allowed to ship U.S. semiconductor manufacturing equipment to their China factories indefinitely without separate U.S. approvals.

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Singapore’s digital economy – from e-commerce to social media – nearly doubled in five years

Singapore’s digital economy contributed about 17.3% of Singapore’s gross domestic product in 2022, higher than the 13% logged in 2017.

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Unity CEO John Riccitiello is retiring from gaming software company after controversial pricing change

Unity CEO John Riccitiello is retiring after nine years at the video game technology company and will be replaced on an interim basis by James Whitehurst.

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X, formerly Twitter, amplifies disinformation amid the Israel-Hamas conflict

Disinformation on X, formerly known as Twitter, has made it harder for users to assess what’s going on in Israel.

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Tesla stock dips after China EV sales fall 11%

EV maker Tesla saw a decrease in its China-made EV sales year over year for the month of September.

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