Articles from www.bloomberg.com

Articles from www.bloomberg.com

Apple Called Out by New Jersey AG Over Period-Tracking Apps (www.bloomberg.com)
2023-3-11 Apple

Filing: SVB investors and depositors tried to pull $42B on March 9; the bank had a negative cash balance of $958M on March 9, per an order for taking possession (www.bloomberg.com)
2023-3-11

Coinbase says it is “temporarily pausing” conversions of USDC into USD during the weekend; USDC traded at ~$0.90 as investors reacted to Circle's SVB exposure (www.bloomberg.com)
2023-3-11 Coinbase

US Apparel Companies Can't See a Future Without China. (Decoupling and “friend-shoring” have not been so easy) (www.bloomberg.com)
2023-3-11 China

As the “Bank of Startups”, Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality (www.bloomberg.com)
2023-3-11 Startup Interest Rate

How a Bank Run Closed SVB and Where That Could Lead (www.bloomberg.com)
2023-3-11

The Netherlands, like ASML, is trying to find a middle ground between the US and China on chip sanctions, with recent plans stopping short of Biden's 2022 rules (www.bloomberg.com)
2023-3-11 China Netherlands

Rishi Sunak Hails UK Economic Resilience After GDP Bounces Back (www.bloomberg.com)
2023-3-11 GDP

ECB Seen Taking Rates to 3.75% Peak as Bond Exit Set to Quicken (www.bloomberg.com)
2023-3-10 Bond

Email: VC firm Greenoaks warned founders of potential problems at SVB in November 2022; a source says over 12 portfolio companies withdrew ~$1B in recent months (www.bloomberg.com)
2023-3-10

Even Wealthy Landlords Are Skipping Payments on Office Buildings (www.bloomberg.com)
2023-3-10

SVB Races to Prevent Bank Run as Funds Advise Pulling Cash (www.bloomberg.com)
2023-3-10

US Races to Close Loophole in Ban on Chinese Server Maker Inspur (www.bloomberg.com)
2023-3-10 China Ban

Researchers call for transparency on AI tools' carbon footprint; training GPT-3 took an estimated 1.287 GWh of electricity, or what ~120 US homes use in a year (www.bloomberg.com)
2023-3-10 AI

America's $52 Billion Plan to Make Chips at Home Faces a Labor Shortage:In Ohio, a bipartisan push to build more fabs needs more workers—and quickly. (www.bloomberg.com)
2023-3-10 U.S.

In Biden's Tax-the-Rich Budget, Capital-Gains Rates Near 45% (www.bloomberg.com)
2023-3-10 Tax Budget

Biden to Urge 25% Billionaire Tax, Levies on Rich Investors (www.bloomberg.com)
2023-3-10 Tax

Ex-NATO General Becomes Czech President in Transatlantic Shift (www.bloomberg.com)
2023-3-10 Czech

A look at the rise and fall of Dubai-based ride-hailing firm Swvl, the Middle's East first $1.5B Nasdaq-listed unicorn, now worth ~$9M after a 99%+ stock drop (www.bloomberg.com)
2023-3-9 Dubai

Senate Minority Leader McConnell Is Hospitalized After Fall (www.bloomberg.com)
2023-3-9 Senate

Sources: Uber is exploring whether to spin off its Uber Freight logistics arm to focus on its growing ride hailing and food delivery units (www.bloomberg.com)
2023-3-8 Uber Logistics

Sources: Apple re-shuffles management of its international businesses with a bigger focus on India, making the country its own sales region for the first time (www.bloomberg.com)
2023-3-8 India Apple

Fox's Murdoch Gave Jared Kushner Sneak Peek at Biden 2020 Ad (www.bloomberg.com)
2023-3-8

China Faces More Limits on Chip-Export Gear From Netherlands (www.bloomberg.com)
2023-3-8 China Netherlands

A look at the AI Education Project, a nonprofit backed by Microsoft, Google, OpenAI, and others that offers resources to boost AI literacy in low-income schools (www.bloomberg.com)
2023-3-8 Google Microsoft AI Education

Traders Burned by Stock Losses Are Pouring Billions Into Credit (www.bloomberg.com)
2023-3-8 Stock

A look at Google's scramble to add generative AI to its products, reminding some employees of the rush to infuse Google+ into every key service starting in 2011 (www.bloomberg.com)
2023-3-8 Google AI

Powell's Shift on Rate Hikes Comes as Officials Prepare for March Meeting (www.bloomberg.com)
2023-3-8

Sources: after postponing construction at the end of 2022, Intel seeks an extra €4B-€5B from Germany to build its chip plant, taking the expected cost to ~€30B (www.bloomberg.com)
2023-3-8 Germany Intel

How effective altruism, championed by SBF before he dismissed it as a dodge, and doomsday scenarios, like killer rogue AI, became Silicon Valley obsessions (www.bloomberg.com)
2023-3-8 AI

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