SoftBank plans at least 30% staff cuts to Vision Fund, source confirms
SoftBank founder Masayoshi Son had foreshadowed cost-cutting this summer after the company posted a $21.6 billion quarterly loss for the...
Technology
Apple shares dip on rare Bank of America downgrade
Rosenblatt Securities disagreed with the BofA rating on Thursday, however, upgrading its rating on Apple from neutral to buy.
Amazon hikes pay for warehouse and delivery workers
The wage hikes come as Amazon prepares to enter the peak holiday shopping season, and it stares down growing organizing...
Tesla adds Airbnb co-founder Joe Gebbia to board
Tesla adds Airbnb cofounder Joe Gebbia to board
Google adds new search features to try to give users the ‘vibe’ of a city or neighborhood
The company held its third annual Search On event Wednesday.
Amazon dominates the $113 billion smart home market — here’s how it uses the data it collects
From Alexa to Ring, Amazon is the biggest player in the $113 billion smart home market. Now, its proposed acquisition...
DocuSign to cut workforce by 9% as part of restructuring plan
DocuSign will lay off 9% of its workforce as part of a major restructuring plan, the company announced Wednesday.
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.
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...