Biden Plans to Sign Order in August to Limit U.S. Tech Investment in China
The timing of the order, which would focus on semiconductors, artificial intelligence and quantum computing, is now slated for the second week of August.
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Walmart Buys Flipkart Shares From Tiger Global
Walmart tightens its grip on the Indian commerce site.
Musk Replaces Twitter Sign, App Logo With ‘X’
Owner Musk has pledged to "bid adieu to the Twitter brand" as he remakes the service into his vision of an everything app.
Goldman Sachs Loses Asset Management CIO Salisbury to Sixth Street
Departure is the latest in a string of veteran exits.
Sequoia Capital Reduces Size of Existing Crypto and ‘Ecosystem’ Funds
The move is a sign of how venture capital firms are changing their strategy.
Facebook’s Sway Over Users’ Political Beliefs Challenged by Studies
Four new studies conducted experiments on Facebook and Instagram that suggest the apps don't significantly impact its users political beliefs.
Calendly Cuts Roughly 10% of Staff
Calendly’s chief people officer, Jeff Diana, is also leaving the business.
Warren and Graham Propose New Big Tech Regulator
The Democratic and Republican senators plan to introduce the new Digital Consumer Protection Commission Act to curb the power of tech giants.
Tesla Formed Team to Thwart Driving Range Complaints
The electric vehicle maker also modified its range-estimating software to exaggerate the distance Teslas could travel on a full charge.
Europe Opens Formal Antitrust Probe into Microsoft’s Bundling of Teams
The investigation represents a return for Microsoft to the crosshairs of antitrust enforcers.
NBCU’s Peacock Streaming Service Lifts Revenue and Losses
Peacock is losing 79 cents for every dollar in revenue it brings in, a sign of the massive losses incurred by streaming services.
Esther Crawford, Ex-Twitter Product Lead, Criticizes Elon Musk in Tweet
Crawford’s post is notable as one of the most detailed accounts from a Twitter 2.0 employee
Meta’s Revenue Climbs 11% as Reality Labs Continues to Lose Billions
Meta is projecting revenue in the third quarter will be in the range of $32 billion to $34 billion, which would be growth of between 15.5% and 24.5%.
Judge Tightens Sam Bankman-Fried’s Bail, Will Consider Jailing Him Ahead of Trial
Federal prosecutors pushed for jail time after they alleged Bankman-Fried leaked personal writings of Caroline Ellison to the New York Times.
Walmart+ Launches Travel Perks in Battle With Amazon
The travel perks bring the subscription competition between the two retailers to a new frontier.
Dish Starts Selling Wireless Plans on Amazon
The move falls far short of other wireless benefits for Prime subscribers Amazon has reportedly been considering.
Singapore Sovereign Wealth Fund GIC Reports Worst 5-Year Return Since 2016
The world's seventh largest sovereign wealth fund with $690 billion in total assets said its return was impacted by last year's global economic slowdown.
Apple Card Notched Roughly 10 Million Users Earlier This Year
Still, the card partnership with Apple isn't a profitable enough endeavor for Goldman Sachs to want to continue it, people familiar with the matter said.
Banc of California to Buy PacWest in Regional Bank Tie-Up
Both banks' stocks had been hammered after the collapse of SVB.
Snap Stock Plunges as Company Projects Down Quarter
The company blamed the revenue downturn on adjustments the company has made to its ad targeting amid an overall difficult period for the digital ad industry.
Weekday mornings
The Information AM by The Information Staff
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