China’s Imports of Chip-Making Equipment Fall Amid U.S. Restrictions
The drop comes after the Biden administration earlier this year introduced tighter restrictions on the export of advanced chip technologies to China.
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China’s Estimates Show 37 Million Daily Covid Infections
The surge comes after Beijing made a sudden move to relax many of its pandemic restrictions, putting an end its draconian zero-Covid policy.
Microsoft Rebuts FTC Lawsuit, Says it Needs $69 Billion Activision Acquisition to Compete With Sony
Microsoft president Brad Smith said the company is confident in its case but is still open to “creative solutions with regulators.”
ByteDance Probe Finds Employees Accessed Journalists’ Data
The revelation could stoke criticism of ByteDance’s handling of user data.
Musk Assures Disgruntled Investors That Twitter is Less Work Than Tesla
Elon Musk took to Twitter Spaces Thursday to discuss the struggling automaker
Tesla Raises Discount on Model 3 and Model Y
The discounts stand out at a time when some sellers have been raising their prices.
Crypto Exchange Bullish Scraps SPAC Deal
Bullish becomes the latest cryptocurrency startup to scrap a SPAC deal, following eToro and Circle.
BlockFi, FTX Creditor and Bankman-Fried Are Fighting Over Robinhood Stake
A court in Antigua found Bankman-Fried used FTX funds to buy the Robinhood stake, which cost $650 million.
Sam Bankman-Fried to be Released on $250 Million Bail
The former FTX CEO was arrested in the Bahamas last week and extradited to the U.S. on Wednesday.
YouTube Finalizes Sunday Ticket Deal With NFL
Google will likely lose money on the deal as it is reportedly paying $500 million more than DirecTV, which is thought to have been already losing money on Sunday Ticket.
Former Alameda CEO, FTX CTO Plead Guilty to Federal Charges
Ellison and Wang are cooperating with officials in the criminal and SEC cases.
Okta Targeted Again as Hackers Steal Confidential Product Code
In the latest in a string of cybersecurity-related incidents, Okta says attackers broke into its GitHub account and made off with product source code.
Sam Bankman-Fried to Be Flown to U.S. Wednesday Night
Bankman-Fried signed extradition papers on Tuesday, clearing a path for his flight to the U.S.
SEC Investigating Relationship Between Binance.US and Firms Tied to Binance CEO
Zhao controlled the two trading firms, Sigma Chain AG and Merit Peak Ltd, according to the report.
Bitcoin Mining Company Core Scientific Files for Bankruptcy
The company's largest unsecured creditors include the investment bank B. Riley, electric company Dalton Utilities and energy company Shell Energy Solutions.
Musk: Twitter Could Break Even Next Year
Musk's comments mark a turnabout from his Twitter prognosis five weeks ago.
Musk Says He’ll Resign as Twitter CEO When He Finds Replacement
Musk said he would run the "software and servers teams" once he steps down as CEO.
Sam Bankman-Fried Signs Extradition Papers, Will Be Flown to U.S.
Bankman-Fried will return to court on Wednesday, which could lead to him being flown to the U.S.
EU to Investigate Broadcom’s $61 Billion VMware Acquisition
The European Union now says it won't decide on whether to approve Broadcom's $61 billion acquisition bid for VMware until May.
Workday Taps Sequoia Partner Eschenbach as Co-CEO
The loss of Eschenbach as a full-time investor is a blow for Sequoia during an already challenging year for the firm.
Weekday mornings
The Information AM by The Information Staff
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