Tag: Bloomberg

US Chip Deal Would Stop Companies From Expanding Advanced Chip Production in China
The US passed a major piece of legislation aimed at revitalizing US semic...
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Tesla Secures Its Own Lane At US-Mexico Border Crossing
Tesla has negotiated with the Mexican state of Nuevo Leon to have its own exclusive lane at the US-Mexico border crossing....
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Microsoft Lays Off Employees to Make ‘Structural Adjustments’
Microsoft has announced a round of layoffs as the tech industry faces fresh uncertainty over the economy....
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Nothing to See Here: FTX CEO Denies Plans to Buy Robinhood
Sam Bankman-Fried, CEO of crypto exchange FTX, has denied rumors his company is looking to purchase ...
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Judge Orders IBM to Pay BMC $1.6 Billion
A federal judge has ordered IBM to pay BMC $1.6 billion for "intentional wrongdoing" when it poached mutual clients from the latter....
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JPMorgan Taps Blockchain for Collateral Settlements
As companies race to adopt blockchain technology, JPMorgan is experimenting with using it for collateral settlements....
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Apple Reportedly Shooting for 2025 to Release Full Self-Driving Car
Apple is reportedly working to launch a full self-driving...
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Apple Delays Increased In-Person Work Indefinitely
Apple has once again altered its efforts to bring...
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Samsung Preparing to Raise Chip Prices
Samsung is reportedly preparing to raise chip prices, a move that could significantly impact the price of smartphones and other electronics....
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Microsoft Doubles Salary Budget, Increases Stock Compensation by 25%
As expected, Microsoft has unveiled sweeping changes to its employee compensation, doubling its salary budget and boosting stock compensation by 25% for so...
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Facebook Killing Off Its Podcast Business
Facebook has announced it is killing off its podcast service, barely a year after getting into the business....
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Microsoft Says It Will Make Changes Over Anti-Competitive Cloud Concerns
Microsoft President Brad Smith has acknowledged concerns and vowed changes in response to complaints the tech giant is unfairly using its position to lock...
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Nvidia May Use Intel’s Foundry Services
Intel may score a major foundry customer in the form of Nvidia, one of the biggest semiconductor purchasers in the industry....
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Apple Experiences Major Outage Across Services
Apple is the latest company to experience major outages, with most of its online services impacted Monday....
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Nintendo Veteran Doesn’t Think Meta’s Metaverse Vision Is On-Target
Meta may be going all-in on the metaverse, but former Nintendo President and COO Reggie Fils-Aime isn't a fan of its approach....
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