Apple stock dips on report the company is bailing on plans to boost new iPhone production
Apple has told suppliers not to follow through on plans to increase iPhone 14 production, according to Bloomberg.
Technology
Adobe’s Figma deal brings new users to open-source challenger Penpot, which just raised $8 million
Penpot, a 2-year-old open-source project, is getting new deployments after larger rival Figma agreed to be bought by software giant...
South Korea seeks to freeze $62 million of bitcoin linked to crypto founder Do Kwon as manhunt continues
South Korean authorities said they have asked two cryptocurrency exchanges KuCoin and OXK to freeze more than $60 million worth...
A game about sheep is going viral in China even as gaming regulation remains tight
A new game that's gone viral in China hit people's screens with surprising speed at a time when giants such...
Amazon temporarily closes some Florida warehouses as Hurricane Ian approaches
Employees at Amazon sites near Tampa and Orlando received notices of temporary closures.
Intel says Moore’s Law is still alive and well. Nvidia says it’s ended.
Two of the most important American semiconductor companies disagree about the pace and form of future chip advancements.
Celsius CEO resigns in the middle of bankruptcy proceedings
Celsius Network CEO Alex Mashinsky submitted a letter of resignation Tuesday, months after the crypto company filed for Chapter 11 bankruptcy...
Crypto exchange FTX is replacing its U.S. president
Brett Harrison, U.S. president of the crypto exchange FTX, announced his resignation on Twitter Tuesday.
Crypto founder behind $60 billion collapse says he is not hiding after Interpol issues arrest notice
Do Kwon, the founder of Terraform Labs, said is he making "zero effort to hide" from South Korean authorities who...
Bankrupt crypto lender Voyager to sell assets to Sam Bankman-Fried’s FTX for $1.4 billion
FTX, the bitcoin exchange founded by billionaire Sam Bankman-Fried, is set to buy Voyager Digital's assets after winning a bankruptcy...
Bitcoin surges 7% to top $20,000, its highest level in more than a week, even as stocks hit 2022 lows
Bitcoin topped $20,000 on Tuesday, hitting its highest level in the more than a week, but is still struggling to...
China’s flood of new electric cars cost 20% more to insure than fuel-powered cars
While Chinese companies churn out new electric cars, local insurance firms think they're more expensive to cover.
Meta makes it easier to switch between Facebook and Instagram accounts
Meta debuted new account management tools for its Facebook and Instagram users that lets them more easily switch between the...
Eight states file enforcement actions against crypto-lending platform Nexo
The filings state the company offered investors interest-earning accounts without first registering them as securities.
Netflix says it’s opening a video game studio in Finland as streamer tries to boost audience numbers
Netflix announced it will be opening an internal game studio in Finland as the streaming giant tries to boost its...
Feds commit $50 million to for-profit nuclear fusion companies, chasing the ‘holy grail’ of clean energy
The $50 million is help companies prepare detailed plans, but it is not enough money to fund the full construction...
Amazon’s second Prime Day sale will take place Oct. 11-12
Amazon is adding another day for online deals, which could help jumpstart holiday shopping as the company faces slowing sales...
Walmart enters the metaverse with Roblox experiences aimed at younger shoppers
Walmart is experimenting with other ways to reach shoppers, including shoppable recipes, livestreaming events and an augmented reality tool for...
Apple begins making the iPhone 14 in India, marking a big shift in its manufacturing strategy
Apple usually manufactures older iPhone models in India. With the iPhone 14, Apple is producing the latest model in its...
Tech stocks just had their worst two-week stretch since the start of the pandemic
The Nasdaq has dropped more than 5% in consecutive weeks, dampening enthusiasm around what had been a good start to...