The price of bitcoin continued its monthslong slide Thursday, falling another 11% to $67,000, its lowest level in 15 months. The original cryptocurrency, pitched as “digital gold,” has lost 46% of its value since Oct. 6, when it hit a record high of $126,210.50, according to crypto trading platform Coinbase. As of 10:30 a.m. EST Thursday, its price had dipped to $67,245.
TOKYO (AP) – Sony’s profit in the last quarter surged 11% on healthy global sales, prompting the Japanese entertainment and electronics company to raise its full year profit forecast. Tokyo-based Sony Group Corp. said Thursday that it recorded an October-December net profit of 377.3 billion yen ($2.4 billion), up from 341 billion yen the year before.
LONDON (AP) – The European Union on Friday accused TikTok of breaching the bloc’s digital rules with “addictive design” features that lead to compulsive use by children, in preliminary charges that strike at the heart of the popular video sharing app’s operating model.
Excerpts from recent editorials in the United States and abroad:
CAPE TOWN, South Africa (AP) – China and South Africa signed a framework agreement for a new trade deal on Friday as Africa’s leading economy looks to other options following the high import tariffs imposed on it by the U.S. and its diplomatic fallout with the Trump administration.
NEW YORK (AP) – Amazon sales surged 14% during the fourth quarter, helped by strong holiday spending and a better-than-expected growth in its prominent cloud computing unit.
Pizza Hut plans to close 250 U.S. restaurants in the first half of this year as its parent company considers a sale of the chain. Yum Brands said Wednesday it’s targeting underperforming Pizza Hut restaurants in its system. Pizza Hut has more than 6,000 locations in the U.S.
SAN FRANCISCO (AP) – Google’s latest quarterly report provided further evidence that its internet empire is withstanding an artificial intelligence shakeup that’s turning into another potential boon for the company.
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