Bitcoin highs and lows tread a tight margin as investors await today’s interest rate call July 26, 2023 Yesterday’s highs and lows for the market leader were both around the $29k level, with Bitcoin today sticking to the same price range.
Google parent firm Alphabet’s profit ahead of expectations thanks to ad rebound July 26, 2023 Google owner Alphabet’s second-quarter profit exceeded expectations as it announced that long-time CFO, Ruth Porat, would assume a new role while the company sought a new finance chief. Alphabet’s results were helped by steady demand for its cloud services and a rebound in advertising. The shares jumped 8 per cent in after-hours trading. Shares of [...]
Microsoft charges ahead with spending to serve AI demand July 26, 2023 Microsoft on Tuesday laid out an aggressive spending plan to meet demand for its new artificial intelligence services after surpassing Wall Street estimates for fiscal fourth-quarter revenue and profit. Costs rose sharply as Microsoft built new data centers to support AI, and Chief Financial Officer Amy Hood said on a conference call with analysts the company’s capital expenditures [...]
Explainer: Elon Musk is tearing Twitter apart bit by bit July 25, 2023 Elon Musk might have already switched the beloved Twitter bird for his X logo online, but it’s proving a bit harder in real life. Yesterday, police stopped workers who were removing the Twitter sign from the headquarters company in San Francisco. Apparently, Musk had forgotten to notify security or the building owner of his plans. [...]
Bitcoin loses grip on $30,000 as interest shifts to altcoins July 25, 2023 Bitcoin is trading around $29,200 this morning, as the large-cap cryptocurrencies appear to following a downward pattern.
Italian banking giant Mediobanca backs London with £10.4m investment in startups July 25, 2023 One of Italy’s largest investment banks Mediobanca has committed €12m (£10.4m) to a joint venture with early stage investor Founders Factory to help scale fintech startups. The joint venture will build and invest in 35 fintech businesses over the next five years. Mediobanca’s investment will help underpin a new fintech venture studio accelerator, enabling innovation [...]
IBM Security Report: UK businesses face £3.4m data breach costs but AI could help July 24, 2023 UK organisations face an average cost of £3.4m for data breach incidents but AI could reduce these costs by £1.6m on average, a report by IBM Security has revealed. Their annual Cost of a Data Breach Report showed a decrease in the total average cost of a data breach in the UK from £3.8m in [...]
Bitcoin picks up where it left off with eyes on $30,000 July 24, 2023 Bitcoin and other cryptocurrencies continue to idle as investors wait for significant signals for their next move
Elon Musk bids adieu to the Twitter bird as social media giant rebrands to ‘X’ July 24, 2023 Twitter owner Elon Musk revealed the social media giant will bid farewell to its famous blue bird, as a new “X” logo was unveiled this week, in a bid to transform it into an “everything app”. The billionaire Tesla boss announced the revamp, tweeting his desire to “bid adieu” to the Twitter brand and, gradually, [...]
Big tech look ahead: Alphabet, Microsoft, Meta and Amazon shares in focus July 23, 2023 THE RACE to exploit the potential of artificial intelligence will dominate investor chatter around big tech this week, with all the big players set to release results to Wall Street.