U.S. stock indices closed lower on Wednesday, as the Dow Jones Industrial Average slipped 0.2% to 42,141.54, while the S&P 500 edged down 0.3% to 5,813.67. The Nasdaq saw a steeper decline, falling nearly 0.6% to 18,607.93. The U.S. economy expanded by 2.8% in the third quarter, missing expectations of 3% growth, while the ADP…
Microsoft founder Bill Gates hasn’t had very encouraging words for cryptocurrencies as an asset class, or Bitcoin BTC/USD, and his public remarks have frequently reflected this pessimism. What happened: Gates, one of the richest people on the planet, disclosed in May 2022 that he doesn’t hold any cryptocurrencies, adding that he prefers things that have…
Jeff Bezos’ Amazon.com Inc. AMZN once nearly ran out of cash 24 years ago, during the dot-com bubble crisis of 2000. It was once reportedly left with just 10 months of cash, with its stock price plunging to $7 from $107. Fast forward to 2024, Amazon is expected to have nearly as much cash on…
The early resumes of tech industry pioneers Steve Jobs and Bill Gates resurfaced online last month, making it clear that even at the age of 18, they were already showcasing impressive skills. What Happened: Bloomberg’s Jon Erlichman took to X and posted the resumes, describing them as “Steve Jobs and Bill Gates’ resumes at age 18.” At the time of…