Activision Blizzard shares drop after reports allege sexual misconduct

Activision Blizzard shares drop after reports allege sexual misconduct

Activision Blizzard CEO Bobby Kotick speaks at the CNBC Evolve conference November 19th in Los Angeles. Jesse Grant | CNBC Activision Blizzard shares dropped more than 6% Tuesday after a report from The Wall Street Journal alleged CEO Bobby Kotick knew about sexual misconduct allegations at the videogame company. According to the report, Kotick failed…

Lucid CEO says the company could eventually be valued like Tesla

Lucid CEO says the company could eventually be valued like Tesla

People test drive Dream Edition P and Dream Edition R electric vehicles at the Lucid Motors plant in Casa Grande, Arizona, September 28, 2021. Caitlin O’Hara | Reuters Lucid Group CEO Peter Rawlinson believes there’s a long runway for the electric vehicle start-up’s stock and market value to surpass traditional automakers and to eventually be…

Developers Build More Net Zero Homes as Climate Concerns Grow

Developers Build More Net Zero Homes as Climate Concerns Grow

In the three years that Nicole Rae and Brian Mastenbrook lived in the San Francisco Bay Area, they grew increasingly concerned about California’s wildfires. The skies would turn orange, ash would settle on plants and porch railings, and Ms. Rae, a 30-year-old teacher who has asthma, would have trouble breathing. So in May, she and…

Nvidia’s-Arm takeover faces U.K. national security inquiry

Nvidia’s-Arm takeover faces U.K. national security inquiry

Jensen Huang, CEO of Nvidia Rick Wilking | Reuters LONDON — The U.K. government announced Tuesday that it wants a full-blown investigation into Nvidia’s takeover of Cambridge chip designer Arm, which is widely seen as the jewel in the crown of the British tech sector. Digital and Culture Secretary Nadine Dorries ordered a “phase 2”…

Infrastructure bill to be signed, bitcoin Taproot upgrade

Infrastructure bill to be signed, bitcoin Taproot upgrade

1. Robinhood’s data breach involved about 7 million customers Online brokerage Robinhood announced on Monday that a Nov. 3 data breach involved exposure of personal information for about 7 million customers, CNBC reported. For 5 million of them, email address were accessed. Another 2 million had their full names revealed. For about 310 users, name, date…

In Moscow’s Technological Advances, a ‘Double-Edged Sword’

In Moscow’s Technological Advances, a ‘Double-Edged Sword’

Moscow officials have tried to calm concerns about privacy invasion by insisting that the images and data collected are “securely encrypted.’’ Roskomsvoboda, though, said they have uncovered evidence that the system is porous, vulnerable to intruders who can use the data and images for criminal purposes. Privacy advocates are pushing for a more transparent system…

Bitcoin (BTC) drops toward $60,000 as major cryptocurrencies plunge

Bitcoin (BTC) drops toward $60,000 as major cryptocurrencies plunge

A representations of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken May 19, 2021. Dado Ruvic | Reuters Bitcoin and other cryptocurrencies fell sharply on Tuesday retreating from near-record highs. The world’s largest digital coin fell toward $60,000 during late morning trade Singapore time. It recovered some of…

Mohamed El-Erian says he bought bitcoin but sold too early

Mohamed El-Erian says he bought bitcoin but sold too early

Famed economist Mohamed El-Erian says he bought some bitcoin a few years ago — but misjudged when to sell due to “behavioral mistakes.” The Allianz chief economic advisor revealed he purchased an unspecified amount of bitcoin in the “crypto winter” of 2018, when the world’s largest digital coin plunged close to $3,000 after a monster…