Articles from www.bloomberg.com

Articles from www.bloomberg.com

SEC proxy filing: Apple plans to reduce Tim Cook's compensation by 40%+ to $49M in 2023, from $99.4M in 2022, citing investor guidance and a request from Cook (www.bloomberg.com)
2023-1-13 Apple Tim Cook

Sources: Google and Nvidia told the FTC that Microsoft could gain an unfair advantage in cloud, subscription, and mobile gaming markets via its Activision deal (www.bloomberg.com)
2023-1-13 Google Microsoft Mobile Nvidia

Rent the Runway partners with Amazon to launch an Amazon Fashion online storefront featuring new and second-hand items, expecting ~$4.6M in revenue in Q3 2023 (www.bloomberg.com)
2023-1-13 Amazon

Congress rejects the US Army's request for $400M to buy ~6,900 Microsoft HoloLens goggles this fiscal year but approves $40M for the development of a new model (www.bloomberg.com)
2023-1-13 Microsoft

Australia Extends Run of Trade Surpluses on Metals Exports (www.bloomberg.com)
2023-1-13 Australia

Fed's Harker Supports Smaller, 25-Basis-Point Hikes ‘Going Forward' (www.bloomberg.com)
2023-1-13

A filing details Adobe's $20B Figma acquisition: multiple attempts in 2020 and 2021 before co-founder Dylan Field accepted, interest from Microsoft, and more (www.bloomberg.com)
2023-1-13 Microsoft Adobe

US Inflation Cools Again, Giving Fed Room to Downshift on Rates (www.bloomberg.com)
2023-1-13 Inflation

The Global Economy of 2023 Is Going to Be a Wild Ride (www.bloomberg.com)
2023-1-13

Bulgarian police say London-based crypto lender Nexo's office in Sofia was raided on Thursday, seeking information on suspected money laundering and tax crimes (www.bloomberg.com)
2023-1-12 Tax London

South Korean social media giant's Kakao Entertainment, which offers apps for animated shows and novels, raised $930M from Saudi Arabia's PIF and Singapore's GIC (www.bloomberg.com)
2023-1-12 Korea Arabia Singapore Saudi Arabia

Sources: Twitter staff in Singapore have been reassigned as remote workers until further notice, amid cost-cuts which include not paying rent on global HQ (www.bloomberg.com)
2023-1-12 Twitter Singapore

People Are Leaving Canada's Biggest Cities Amid a Housing Crunch (www.bloomberg.com)
2023-1-12 Real Estate Canada

T-Mobile considers buying actor Ryan Reynolds' Mint Mobile. (www.bloomberg.com)
2023-1-12 Mobile

Sources: Apple is working on Macs with a touchscreen; the first model may be a MacBook Pro with an OLED display supporting gestures, set to be released in 2025 (www.bloomberg.com)
2023-1-12 Apple MacBook

Germany's Scholz Backs Joint EU Funding to Counter US Aid (www.bloomberg.com)
2023-1-12 Germany Europe

Italians Flock to London Despite Brexit (www.bloomberg.com)
2023-1-12 Brexit London

The deep problem with SPACs is the sponsors' and warrant holders' cuts, paid by the target company or the SPAC shareholders, leading to a bad deal for both (www.bloomberg.com)
2023-1-12

Your Fancy New Manager Title Might Be Your Boss's Way to Avoid Paying You Overtime (www.bloomberg.com)
2023-1-11

Binance admits flaws in maintaining its Paxos-managed BUSD stablecoin, which should be backed 1:1; ChainArgos: BUSD was undercollateralized by $1B+ in 2020-21 (www.bloomberg.com)
2023-1-11

Tech Layoffs Mean Even More Empty Offices in NYC, San Francisco (www.bloomberg.com)
2023-1-11 Layoffs San Francisco

Court documents: New England Patriots owner Robert Kraft, NFL star Tom Brady, a Peter Thiel-linked trust, and more own FTX Group stock, now considered worthless (www.bloomberg.com)
2023-1-11

China Makes Surprise Policy U-Turns in Quest for Growth (www.bloomberg.com)
2023-1-11 China

Sources: Tata Group's WeChat-like super app Neu is expected to generate sales of ~$4B in the year to March 31, missing the $8B goal set at the start of 2022 (www.bloomberg.com)
2023-1-11 WeChat

Illinois Lawmakers Pass Assault Weapons Ban After Heated Debate (www.bloomberg.com)
2023-1-11 Ban

Sources: Apple plans to start making its own displays for mobile devices, starting with microLED screens for high-end Watches by the end of 2024, iPhones later (www.bloomberg.com)
2023-1-11 Mobile Apple

A US bankruptcy judge approves Voyager's request to sell its crypto platform to Binance.US for $20M, overruling objections by federal regulators and some states (www.bloomberg.com)
2023-1-11

A New York judge sentences Nikhil Wahi, a brother of Coinbase PM Ishan Wahi, to 10 months for a scheme to trade on insider info on the timing of new listings (www.bloomberg.com)
2023-1-11 New York Coinbase

US Consumers' Inflation Expectations Slip in New York Fed Survey (www.bloomberg.com)
2023-1-11 Inflation New York

Cameron Winklevoss writes to DCG's board, demanding CEO Barry Silbert's removal and alleging he and Genesis publicly lied, after his resolution deadline passed (www.bloomberg.com)
2023-1-11

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