Bloomberg

The Bitcoin (CRYPTO: BTC) blockchain has reportedly consumed more power over the last nine months than it did in the entirety of 2020. What Happened: A recent study from Bloomberg found the Bitcoin network’s energy use this year has surpassed the 67TWh of electricity used in 2020....

Citrix Systems Inc (NASDAQ: CTXS) is exploring options for sale following a sharp drop in its share price, Bloomberg reports. The shares plunged 16% year to date, reaching a market value of $13.6 billion, marking their sharpest decline since their disappointing Q2 2008 results.  ...

Goldman Sachs sees limited damage to economic growth and investment prospects from China's recent regulatory tightening, Bloomberg reports. The investment banking firm said the crackdown aimed to make the economy more equitable and productive in the long term instead of broadly...

Apple Inc (NASDAQ: AAPL) has taken small steps but not done enough to address the antitrust concerns amid rising global scrutiny, Senator Amy Klobuchar (D-Minn) told Bloomberg on Wednesday. What Happened: Unconvinced with Apple’s steps, the U.S. lawmakers are moving forward with...

The Stern School of Business professor considers  Alibaba Group Holding Ltd (NYSE: BABA), Tencent Holdings Ltd (OTC: TCEHY) as the most undervalued despite further downside risks from China's regulatory crackdown, Bloomberg reports. The constraints brought in by...

Last month, the Biden Administration announced plans to distribute COVID-19 booster shots to Americans from September 20. However, the effort still needs a sign-off from the FDA, and the Centers for Disease Control and Prevention, mentions Bloomberg. CDC panel has pushed back consideration of...

Oakland's U.S. District Judge, Jeffrey White, has ruled alleged privacy violation by Apple Inc (NASDAQ: AAPL) Siri's "accidental activations" against the user's wish, Bloomberg reports. However, White dismissed part of the complaint in February under California...

Alphabet Inc's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google has collaborated with an Indian small lender, Equitas Small Finance Bank Ltd, to offer time deposits to users of its payments wallet Google Pay, Bloomberg reports. A one-year deposit can fetch an interest rate of up to 6.35%....

Intuit Inc (NASDAQ: INTU) is in talks to acquire email marketing firm, Mailchimp, for over $10 billion, Bloomberg reports. The deal would unite two providers of services for small businesses. Intuit offers QuickBooks accounting software, supplementing it with Credit Karma after...

Amazon.com Inc (NASDAQ: AMZN) is attempting to crack India's out-of-date agricultural sector via its Reactive and Proactive Crop initiative, the Bloomberg reports. Amazon aims to secure the farm produce, yielding two-thirds of the country's $1 trillion in annual retail spending....

Alibaba Group Holding Ltd (NYSE: BABA) suspended ten employees for publicizing sexual assault allegations against a former manager leading to his subsequent firing, Bloomberg reports. The group shared a disturbing account by the victim who accused a former manager of rape in an...

Tencent Holdings Ltd (OTC: TCEHY) has raised focus on its game streaming platform after China blocked the $6 billion HUYA Inc (NYSE: HUYA) and DouYu International Holdings Ltd (NASDAQ: DOYU) merger in July, Bloomberg reports. Originally, Tencent had planned...

Social networking startup Discord is expected to announce a new funding round that could value the company at $15 billion after turning down acquisition offers from multiple interested parties. What Happened: Dragoneer is expected to lead a $500-million funding round for Discord that values...

Bitcoin's (CRYPTO: BTC) price increase is now facing a thick wall that may be hard to break. What Happened: According to a Friday Bloomberg report, Bitcoin's price increase of about 63% since July "now faces a rare confluence of technical obstacles." More precisely...

Apple Inc. (NASDAQ: AAPL) is planning to resume in-person “Today At Apple” classes at its retail stores in the U.S. and Europe on August 30, Bloomberg reported Monday. What Happened: Apple informed its retail staff about the plan and also opened its reservation portal for the in-store...