February 1, 2023

Bitcoin closes out best January since 2013

With a gain of 39.4% this month, Bitcoin is closing out its best month since a 40% rally in October 2021 and its best January since 2013. Currently changing hands at $22,910, bitcoin (BTC-USD) has been trading over the past week at its highest level […]
February 1, 2023

More oil is coming

President Biden spent much of 2022 exhorting US and foreign energy providers to produce more oil and natural gas. He’s finally getting his wish—though not exactly where he might have expected. New analysis by consulting firm Wood Mackenzie finds that worldwide fossil-fuel exploration in 2022 […]
January 31, 2023

Samsung to keep up chip investment, undeterred by 8-year-low profit

South Korea’s Samsung Electronics Co Ltd on Tuesday indicated it has no plan to cut investment in chips this year, even as a weak global economy condemns the industry to its worst downturn in over a decade. The guidance bucks a broader industry trend to […]
January 31, 2023

TikTok faces a daunting calendar ahead in Washington

Congress is likely to vote on banning the app in February, while the company engages in ongoing talks with the Biden administration about whether TikTok can ever be safe for American users. In March, TikTok CEO Shou Zi Chew is scheduled to testify before lawmakers, […]