Bitcoin prices plunged Thursday after South Korean regulators announced a crackdown. Among the changes: a ban on anonymous crypto accounts and the added authority to shut down exchanges if needed. And Softbank's offer to take what could be a 14% stake in Uber expires at 3 pm ET. We'll be watching whether the Japanese conglomerate can get enough willing shareholders to get behind the deal. Plus Apple CEO Tim Cook got a 47 percent pay raise for its fiscal year. But his new $12.8 million salary, as large as it is, pales in comparison to his stock compensation. That added nearly $90 million to his net worth. And Cheddar Scoops! Snapchat is developing "Stories Everywhere," which will allow users to post content to other websites and apps. You heard it first here on Cheddar!

Share:
More In Business
Apple posts stronger-than-expected Q2 results
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
Load More