Inflation-Hit Shoppers Boost Black Friday, Cyber Monday Sales
Shoppers still turned out for Black Friday and Cyber Monday deals, although they may be more motivated by discounts this year as economic worries continue to loom.
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Recent Editions
AWS Targets Computing-Intensive Apps With New Graviton Chip
Amazon Web Services is casting a wider net for the "high-performance computing" tasks with a new Graviton chip that powers a forthcoming cloud service.
Tesla Loses German Engineering Executive to Volvo
Anders Bell joined Tesla to lead interior engineering in 2016
Institutional Investors See Twitter Overhang on Tesla Stock
Nearly third-quarters of investors surveyed by Morgan Stanley are down on Musk’s Twitter acquisition
Snap Tells Employees to Work In Person Four Days a Week
In a memo, CEO Evan Spiegel told employees the new policy would boost the company's performance.
AWS, Margaritaville Among Top Alameda Creditors
The recent filings are the first glimpses of which entities are among the top creditors for FTX and associated companies.
Apple Cut Ad Spending on Twitter and Threatened App Store Expulsion, Musk Says
Musk’s tweets come as Twitter faces an exodus of advertisers from its platform.
Crypto Lender BlockFi Files for Bankruptcy
The embattled crypto lender has struggled since July, after the collapse of Luna token set off a string of crypto hedge fund and lender bankruptcies.
Yahoo Takes 25% Stake in Taboola in Ad Partnership
Yahoo will use Taboola to power its digital ad sales as a result of the deal.
U.S. Bans Sale of Telecom Equipment from Huawei, ZTE
The move comes after Washington's years-long efforts to address concerns that the Chinese companies' equipment could be used by Beijing to spy on Americans.
Protests Spread Across China as Xi’s Covid Policy Fuel Discontent
In an extremely rare display of open defiance, protesters criticized the government and some called for Xi to step down.
Apple iPhone Supplier in China Offers $1,800 Bonuses for Workers to Stay at Factory
Foxconn is offering the bonuses to keep workers at factory in Zhengzhou, home to the world’s largest iPhone assembly where workers have protested pay and Covid working conditions.
Shopify Sees Bigger Black Friday Orders, More In-Store Sales Versus Last Year
Shopify sellers saw a 9% increase in the average Black Friday order price this year, up to $109.60. Despite the increase, sales volumes haven’t reached the same peak as 2021 as inflation continues to squeeze shoppers.
Meituan’s Revenue Rises 28% as Covid Lockdowns Boost Food Delivery Demand
Meituan's solid growth stands out when most other Chinese internet giants are struggling to cope with the country's economic slowdown.
Elon Musk Says Twitter Will Offer Amnesty to Some Suspended Accounts
Musk's decision to reinstate more suspended Twitter accounts comes after the app recently reinstated Donald Trump's account.
Apple Faces Further Setbacks After Thousands of Workers Leave iPhone Factory
The workers left a Foxconn factory in China after unrest over pay and working conditions under Covid lockdowns.
Yandex Dutch Parent Company Wants to Cut Ties With Russia Units
The Dutch owner of Yandex, dubbed Russia’s Google, wants to insulate itself from its Russian units to protect its artificial intelligence and autonomous driving ventures.
Foxconn Offers Workers $1,400 to Contain Protests at iPhone Factory in China
The move comes after violent protests erupted at the world's largest iPhone factory over unpaid wages and tough Covid-19 restrictions.
Genesis Approached Binance, Apollo as it Struggles to Raise Cash
The crypto firm has been looking for a lifeline after halting customer withdrawals last week.
Senators Urge Amazon to Up Safety Measures After Worker Deaths
Three people died at Amazon facilities in New Jersey over the summer.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy