Shou Zi Chew, chief executive officer of TikTok Inc., speaks during the Bloomberg New Economy Forum in Singapore, on Wednesday, Nov. 16, 2022. Bryan van der Beek | Bloomberg | Getty Images TikTok CEO Shou Zi Chew will face a tough crowd on Thursday when he testifies before the House …

Joseph Lubin, co-founder of Ethereum and CEO of blockchain firm ConsenSys. Riccardo Savi | Getty Images for Concordia Summit The co-founder of Ethereum, Joseph Lubin, hit out at regulators likening the ether cryptocurrency to a security, saying it was more akin to a commodity like oil. In an interview with …

When Silicon Valley Bank crashed earlier this month, a lot of people — investors, analysts, everyday observers — quickly pointed fingers at the bank’s risky and costly strategy. But some CEOs affected by the collapse don’t blame SVB’s bad bet, which centered around a sale of $21 billion worth of …

Over the last 50 years, Americans have eradicated smallpox, reduced infant mortality rates and deaths from heart disease by around 70%, added a decade to the average American’s life and invented the internet. When it comes to the national poverty rate, however, we’ve made almost no progress. In 1970, a …

Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in premarket trading. Coinbase — Shares of the cryptocurrency trading app dropped more than …

CNBC’s Jim Cramer said that the Federal Reserve’s quarter-percent rate hike was not the reason the market tumbled on Wednesday, rather, it was the “tone-deaf” words of Treasury Secretary Janet Yellen. Cramer said the market “would’ve been fine” if it hadn’t been for Yellen saying that the government was not …

The badge of a Ford Motor Co. E-Transit electric vehicle during a presentation in Washington, D.C., U.S., on Wednesday, July 28, 2021. Al Drago | Bloomberg | Getty Images Ford Motor said Thursday its electric vehicle business lost $2.1 billion last year on an operating basis, a loss that was …

Ukrainian servicemen head toward Bakhmut in a BMP infantry fighting vehicle, in eastern Ukraine on March 22, 2023. Aris Messinis | AFP | Getty Images Ukraine was uncharacteristically tight-lipped about Chinese President Xi Jinping’s high-profile visit to Moscow this week, watching on as Russia rolled out the red carpet for …

Chair of the ECB Supervisory Board Andrea Enria and Chairperson of the European Banking Authority (EBA) Jose Manuel Campa in the European Parliament on March 21, 2023. Thierry Monasse | Getty Images News | Getty Images U.S. regulators made mistakes in failing to prevent the collapse of Silicon Valley Bank …

The company’s Terran 1 rocket lifts off from LC-16 at Cape Canaveral, Florida. Relativity Space Relativity Space, a 3D-printing specialist, launched the inaugural flight of its Terran 1 rocket late on Wednesday night, which successfully met some mission objectives before failing to reach orbit. Terran 1 lifted off from LC-16, …