MarketWatch First Take: Cisco blames China lockdowns for its forecast cut, but there could be deeper problems

marketwatch.com The tech bellwether could be showing wider problems. Executives said that their forecast was 100% related to their supply issues. Those supply issues should affect hardware sales, as Cisco is struggling to get the...

Mark Cuban says he supports President Biden's $10,000 student loan debt proposal: 'It has to be fixed'

cnbc.com The billionaire entrepreneur and investor also says reducing the more than $1.7 trillion in U.S. student debt could be a key to boosting the country's economy. Cuban says he supports President Joe Biden's campaign...

SWIFT, Capgemini team up to test using the international network for CBDC transfers

investing.com The Society for Worldwide Interbank Financial Telecommunication, or SWIFT, the Belgian financial messaging network used by banks in international money transfers, announced Thursday that it is teaming up with French...

New bipartisan bill aims to rein in the power of tech company

foxbusiness.com A bipartisan group of senators led by Utah Republican Mike Lee introduced legislation Thursday that would take aim at conflicts of interest in the advertising technology industry and force Google to break up its...

Hyperledger Foundation deploy new versions of three blockchain tools to enhance ecosystem

investing.com Enterprise blockchain firm Hyperledger Foundation has announced the development and release of three roadmap projects: Cactus 1.0, FireFly 1.0 and a preview version of Iroha 2.0's long-term support (LTS). Operating...

Here’s why bears aim to keep Bitcoin under $29K ahead of Friday’s $640M BTC options expiry

investing.com Over the past nine days, Bitcoin's daily closing price fluctuated in a tight range between $28,700 and $31,300. The May 12 collapse of TerraUSD (UST), previously the third-largest stablecoin by market cap,...

Crypto job market holding up despite tech industry cutbacks

investing.com The crypto job market shows few signs of slowing down despite high-profile cases of staff layoffs and hiring freezes across big tech companies. In recent weeks, several major tech companies have announced a paring...

Canada, joining its intelligence allies, announces a ban on Huawei Technologies from using the country's 5G network after a delay of over three years

apnews.com Canada bans China’s Huawei Technologies from 5G networks TORONTO — Wireless carriers in Canada won’t be allowed to install Huawei equipment in their high-speed 5G networks, the Canadian government said Thursday,...

Microsoft Has a Nice Surprise for Employees

thestreet.com In 1977, the song "Take This Job and Shove It" hit number one on the country music charts. Today's workers may not know the song, but many of them are probably familiar with the sentiment. A company spokesperson said...

Cathie Wood slams Tesla's removal from S&P 500 ESG index: 'Ridiculous'

nypost.com Elon Musk's Tesla removed from the S&P 500 index. The index is designed to track the most sustainable companies in the world. Tesla has been one of the most successful tech companies in recent years. The company has...

Cathie Wood slams Tesla's removal from S&P 500 ESG index: 'Ridiculous'

nypost.com Elon Musk's Tesla removed from the S&P 500 index. The index is designed to track the most sustainable companies in the world. Tesla has been one of the most successful tech companies in recent years. The company has...

In a letter to portfolio founders, YC advises them to “plan for the worst” by cutting expenses and focusing on extending runways amid the economic downturn

techcrunch.com Y Combinator, a Silicon Valley kingmaker, is advising its portfolio founders to “plan for the worst” as startups across the globe scramble to navigate a sharp reversal after a 13-year bull run. The investment firm —...

New bipartisan Senate bill prohibits companies with $20B+ in annual digital ad transactions from participating in more than one part of the digital ad ecosystem

wsj.com GOP-Led Legislation Would Force Breakup of Google’s Ad Business The bill, which has some Democratic support, takes aim at conflicts of interest in the advertising technology industry A bipartisan group of...

New Hong Kong Stock Listings Plunge 90% This Year

asiafinancial.com China's economic slowdown and its crackdown on tech companies have been blamed for new stock listings in Hong Kong plummeting to a nine-year low The post New Hong Kong Stock Listings Plunge 90% This Year appeared...

Sources: Klarna is aiming to raise up to $1B at valuation of around $30B, a ~30% drop from its $46B valuation in its last round led by SoftBank's Vision Fund 2

wsj.com SoftBank-Backed Fintech Giant Klarna Looks for New Funds at Lower Valuation Buy-now-pay-later startup, valued last year at $46 billion, could see its valuation fall by one-third in a tough environment for tech...