Technology

Deliveroo Cuts 2022 Forecast After Sales Slow in Latest Quarter

Deliveroo Plc slashed projections for sales growth this year after the value of transactions on its platform grew more slowly in the latest quarter, reflecting mounting challenges facing the delivery service’s consumers. The London-based food-delivery company said that gross transaction value was projected to rise 4% to 12% this year, after previously forecasting growth of […]

Technology

Bitcoin Rallies to Trade Above $22,000; Ether, Avalanche Advance

Bitcoin rallied amid a broad risk-on mood in global markets, trading above $22,000 for the first time since June 8 and testing the upper bound of the tight range where it’s been stuck for the past month. The largest cryptocurrency jumped as much as 7.5% and was trading at $22,082 at 10:18 a.m. in New […]

Technology

Alphabet Split Ends Era of Jumbo Prices for Megacaps

The days when investors had to shell out thousands of dollars to buy a single share of some of the world’s biggest technology companies are gone. Alphabet Inc. closes the door on that era Monday when its shares begin trading in the $100 range after completing a 20-for-1 split, following the blueprint laid out by […]

Technology

Dutch Fine Binance as Pressure Mounts on Largest Crypto Exchange

The Dutch Central Bank said it fined Binance Holdings Ltd. 3.33 million euros ($3.6 million), as the world’s largest cryptocurrency exchange operator faces increased regulatory scrutiny. The fine was imposed in April after Binance offered crypto services in the Netherlands without the required registration with the central bank, the monetary authority announced in a statement […]

Technology

Boeing Wins Order From Delta in Much-Needed Air Show Boost

Boeing Co. announced a firm order for 100 of its 737 Max 10 jetliners from Delta Air Lines Inc., its opening salvo at the Farnborough air show that the US planemaker hopes will provide a boost after it fell behind arch-rival Airbus SE. The purchase includes an option for 30 additional jets, the companies announced […]

Technology

Meta’s Forced Sale of Giphy Halted As UK Court Orders Review

Meta Platforms Inc.’s purchase of GIF search engine Giphy will be sent back to the UK antitrust regulator for a further review after a court found concerns in the agency’s investigation approach. A judge quashed the Competition and Markets Authority’s order that Meta must sell Giphy, according to a ruling made public Monday. The case […]

Technology

Virgin Atlantic to Test Flying Taxis at Its London Heathrow Hub

Virgin Atlantic Airways Ltd. will carry out test flights using a flying taxi model from UK startup Vertical Aerospace Ltd. as the futuristic technology moves closer to becoming a reality. Virgin will operate one flight from the main airport in Bristol, England, where Vertical is based, to an airfield elsewhere in the southwest, according to […]