FTX Founder Sam Bankman-Fried Says He Can’t Account for Billions Sent to Alameda
MarketsCurrenciesCryptocurrencyEntrepreneur says he had little insight into workings of trading firm even though he owned 90% of it Source link
Technology
Amazon’s Quest for the ‘Holy Grail’ of Robotics
Automating some warehouse functions could let the giant do more with its existing workforce—or the retailer may not require all...
Apple Makes Plans to Move Production Out of China
In recent weeks, Apple Inc. has accelerated plans to shift some of its production outside China, long the dominant country...
Hate speech dramatically surges on Twitter following Elon Musk takeover, new research shows | CNN Business
Washington CNN Business — New Twitter owner Elon Musk declared last month that “hate speech impressions” had dramatically fallen on...
Layoffs Hit White-Collar Workers as Amazon, Walmart, Others Cut Jobs
BusinessRecent wave of job cuts marks departure from previous downturns when blue-collar workers were shed first Source link
Salesforce Isn’t on Cloud Nine
Marc Benioff, the co-founder and longtime chief of Salesforce, is bidding farewell to the second person with whom he has...
Third-Quarter U.S. Growth Was Stronger Than Previously Thought
Job openings in October remained high and far exceeded the number of people seeking work. Source link
China’s Zhengzhou, home to world’s largest iPhone factory, ends Covid lockdown | CNN Business
Hong Kong CNN Business — The central Chinese city of Zhengzhou, home to the world’s largest iPhone factory, has lifted...
BlockFi Says It Is Different From FTX, Affirms Efforts to Return Customer Funds
BlockFi Inc. told a U.S. bankruptcy court on Tuesday it was blindsided by cryptocurrency exchange FTX’s rapid demise and would work to repay creditors...
‘White paper’ protests: China’s top stationery supplier says it’s still selling A4 sheets | CNN Business
Hong Kong CNN Business — The rare protests that spread across China over the weekend often featured demonstrators holding pieces...
Apple Has No Easy Road Out of China
MarketsHeard on the StreetShort supply of iPhone Pro models threatens near-term sales mix, but China unrest also highlights long-term risk...
Taylor Swift Concert-Ticket Mess Draws Scrutiny for Live Nation and Ticketmaster
Legal experts question whether unwinding the 2010 merger would address the problems raised by lawmakers and fans. Source link
Elon Musk Champions Twitter Fact-Checking Feature That Corrects Him
Community Notes, which uses an algorithm to combat false and misleading information, has corrected tweets from the new platform owner...
U.S. Expands Bans of Chinese Security Cameras, Network Equipment
BusinessFCC move blocks Dahua, Hikvision and other Chinese manufacturers from selling new equipment Source link
Telehealth Companies Lobby to Extend Pandemic-Era Rules
The push comes after some online startups faced scrutiny from lawmakers and pharmacies over their prescription practices. Source link
Twitter Exodus Hits Teams Tasked With Regulatory, Content Issues Globally
BusinessRegulators have asked the company about its ability to comply with privacy and content laws after losing significant staff Source...
iPhone Factory Workers Clash With Police at Covid-Hit Plant in China
Employees said protests started in a dormitory area near the factory after employees learned expected bonuses would be delayed. Protests...
Elon Musk’s Twitter Takeover Triggers Partisan Clash on Government’s Role
Democrats say company staff cutbacks are threatening user security, while Republicans maintain that the dispute is over free speech. Source...
Foxconn Hires Chip Veteran in Diversification Drive
Foxconn Technology hired Chiang Shang-yi, a veteran with decades of experience at some of the world’s biggest chip makers, to...
Twitter Lays Off Some Sales Employees After They Committed to Twitter 2.0
TechNew cuts follow mass layoffs and resignations since Elon Musk took over the social-media platform Source link
