Former Australian Prime Minister Turnbull says ‘clean coal’ is a scam

The concept of “clean coal” is a scam, according to former Australian Prime Minister Malcolm Turnbull. Speaking with Tuesday as part of its Sustainable Future Forum, Turnbull said the idea of carbon capture and storage “simply doesn’t work” despite years of investments. “The proposition was that you would … effectively separate the CO2 from the… Continue reading Former Australian Prime Minister Turnbull says ‘clean coal’ is a scam

Alibaba expands cloud business abroad with new data centers in Asia, stepping up rivalry with Amazon

GUANGZHOU, China — Alibaba plans to open its first data centers in South Korea and Thailand in 2022 as the Chinese technology giant looks to expand its cloud business further overseas. The e-commerce giant is the number one cloud computing player in China but has focused on expanding its footprint internationally, particularly into other areas… Continue reading Alibaba expands cloud business abroad with new data centers in Asia, stepping up rivalry with Amazon

Amazon is offering $4,000 bonuses to lure UK workers as Britain faces labor crunch

LONDON — Labor shortages are forcing British businesses to hike wages to compete for workers, with Amazon offering joining bonuses of up to £3,000 ($4,140) in the run up to the festive period. The e-commerce giant is currently advertising a number of positions around the U.K. that come with hefty cash bonuses. One role, for… Continue reading Amazon is offering $4,000 bonuses to lure UK workers as Britain faces labor crunch

Google unveils its newest smartphones, the first powered by the company’s own chip

Google on Tuesday unveiled the full details of its new Pixel 6 and Pixel 6 Pro phones, the first to run on its Google Tensor chip instead of Qualcomm’s processor. Google Tensor was announced in August. Google’s Android operating system runs on more than 3 billion devices around the world, but the company’s phones have… Continue reading Google unveils its newest smartphones, the first powered by the company’s own chip

Bitcoin futures ETF started trading today, but one crypto expert says it’s ‘not something for retail investors to buy

The first bitcoin-linked exchange-traded fund began trading on Tuesday. After months of applications filed with the Securities and Exchange Commission (SEC) by various ETF providers, the ProShares futures-based bitcoin ETF made its market debut on the New York Stock Exchange (NYSE) under the ticker “BITO.” Following the announcement on Friday that the SEC would allow… Continue reading Bitcoin futures ETF started trading today, but one crypto expert says it’s ‘not something for retail investors to buy

Bitcoin rises back toward record as first related U.S. ETF begins trading

The price of bitcoin hovered just below its all-time high on Tuesday, continuing an almost one-month rally at least partly driven by enthusiasm around the launch of a bitcoin futures ETF this week. Bitcoin added almost 2% to $62,500, according to Coin Metrics. On Tuesday morning the ProShares bitcoin-linked exchange-traded fund made its debut on… Continue reading Bitcoin rises back toward record as first related U.S. ETF begins trading

Morgan Stanley says SpaceX’s Starship may ‘transform investor expectations’ about space

Elon Musk’s SpaceX has become one of the world’s most valuable private companies, and Morgan Stanley believes the Starship rockets the venture is developing will have wide-reaching implications. Starship is the massive, next-generation rocket SpaceX is developing to be fully reusable, to launch cargo and people on missions to the moon and Mars. The company… Continue reading Morgan Stanley says SpaceX’s Starship may ‘transform investor expectations’ about space

First bitcoin futures ETF rises 3% in trading debut on the NYSE

Shares of the first U.S. bitcoin-linked exchange-traded fund rose slightly in their trading debut on Tuesday. The ProShares Bitcoin Strategy ETF, ticker ‘BITO,’ was last up about 3%. The fund tracks CME bitcoin futures, or contracts speculating on the future price of bitcoin, rather than the crypto itself. It’s meant to allow market participants to… Continue reading First bitcoin futures ETF rises 3% in trading debut on the NYSE

Shares of China’s Xiaomi jump 5% on news it will mass produce its own electric cars in 2024

GUANGZHOU, China — Chinese smartphone Xiaomi is expecting to mass produce its own electric vehicles in the first half of 2024, its CEO Lei Jun said on Tuesday. The comments were made during the company’s investor day and confirmed later in a post by the CEO on China’s Twitter-like service Weibo. Xiaomi’s shares in Hong… Continue reading Shares of China’s Xiaomi jump 5% on news it will mass produce its own electric cars in 2024

Google CEO Sundar Pichai says offices are filling back up

Google employees are filing back into their offices across the country, according to CEO Sundar Pichai. Pichai, who spoke at the Wall Street Journal Live Conference on Monday, said the company is seeing 20-30 percent occupation rates in the San Francisco Bay Area physical offices. Pichai said in New York offices are seeing a 50%… Continue reading Google CEO Sundar Pichai says offices are filling back up