Articles from www.bloomberg.com

Articles from www.bloomberg.com

Foxconn reports Q3 revenue up 24% YoY to ~$54.8B, net income up 5% YoY to ~$1.2B but below estimates, and warns consumer electronics revenue will fall in Q4 (www.bloomberg.com)
2022-11-10 4Q

In his first email to Twitter staff, Elon Musk warns of “difficult times ahead” and ends remote work policies, saying employees should be in 40+ hours per week (www.bloomberg.com)
2022-11-10 Twitter Elon Musk

Hungary Becomes EU's New Inflation Hotspot as Food Prices Spiral (www.bloomberg.com)
2022-11-10 Europe Inflation

Amazon becomes the world's first public company to lose $1T in market value, from $1.88T in July 2021 to ~$879B; Microsoft has lost $889B since November 2021 (www.bloomberg.com)
2022-11-10 Amazon Microsoft

Apple Limits iPhone File-Sharing Tool Used for Protests in China | Bloomberg (www.bloomberg.com)
2022-11-10 China iPhone Apple

Bolsonaro's Defense Chief Sees Vulnerabilities in Brazil's Voting System (www.bloomberg.com)
2022-11-10 Brazil

Source: Sam Bankman-Fried told investors that FTX needs a cash injection or the company would need to file for bankruptcy due to a shortfall of up to $8B (www.bloomberg.com)
2022-11-10

Coinbase's stock closed down 9.54%, Robinhood Markets closed down 13.76%, and MicroStrategy closed down 19.58%, amid a meltdown in crypto markets (www.bloomberg.com)
2022-11-10 Coinbase

Bloomberg: Binance Backs Out of FTX Bailout (www.bloomberg.com)
2022-11-10

DeFi Llama: the total value locked in DeFi has dropped by 12%+ in the past day, after hovering around $50B to $60B since June 2022 and $180B+ in December 2021 (www.bloomberg.com)
2022-11-10

US Quietly Asks Banks to Keep Some Ties With Russia, Even as Congress Balks (www.bloomberg.com)
2022-11-10 Russia

Maryland's Legal-Weed Vote Could Help Cannabis Industry (www.bloomberg.com)
2022-11-10

Sources: the SEC and CFTC are investigating FTX.com over handling customer funds and its relationship with other parts of Sam Bankman-Fried's empire (www.bloomberg.com)
2022-11-10 CFTC

Binance Seen Unlikely to Move Ahead With FTX Deal After Finding Deep Hole (www.bloomberg.com)
2022-11-10

US Mortgage Rates Rise to 7.14%, Near Highest Level Since 2001 (www.bloomberg.com)
2022-11-9 mortgage

Sam Bankman-Fried's estimated $15.6B fortune has been eviscerated in days by the demise of FTX and Alameda, dropping to ~$1B, the largest one-day collapse ever (www.bloomberg.com)
2022-11-9

Salesforce Cuts Hundreds of Sales Workers on ‘Accountability' (www.bloomberg.com)
2022-11-9 Salesforce

Sources: UMG, Sony, and Warner have been negotiating with ByteDance for a share of TikTok ad revenue and increased royalties before their contracts expire (www.bloomberg.com)
2022-11-9 Sony

China Downgrades Priority of Economy for Future Legislation (www.bloomberg.com)
2022-11-9 China

Some questions about FTX's “liquidity crunch” and its deal to sell to Binance, probably for a fraction of its former valuation of tens of billions of dollars (www.bloomberg.com)
2022-11-9

Coinbase's stock tumbles 12%+ and Robinhood Markets falls by 17%+ as the Binance-FTX deal puts a spotlight on the challenges facing the crypto industry (www.bloomberg.com)
2022-11-9 Coinbase

Apple Trims New iPhone Output by 3 Million Units as Demand Cools | Bloomberg (www.bloomberg.com)
2022-11-9 iPhone Apple

European Commission opens an in-depth investigation into Microsoft's proposed $69B Activision Blizzard acquisition, setting a March 23 deadline for phase two (www.bloomberg.com)
2022-11-9 Europe Microsoft

OPEC+ Cuts That Steadied Market Now Bring Risk of $100 Crude (www.bloomberg.com)
2022-11-9 OPEC

El Salvador's $300 Million Bitcoin ‘Revolution' Is Failing Miserably | Bloomberg (www.bloomberg.com)
2022-11-9 Bitcoin

Research: the US tech industry shed 9,587 jobs in October, the highest since November 2020; in 2022, 104K+ startup workers have lost jobs, up from 81K in 2020 (www.bloomberg.com)
2022-11-9 Startup

Nintendo reports Q2 operating profit of ~$809M, up from ~$685M YoY, and cuts its fiscal year Switch sales forecast by 10% to 19M; a weakened yen boosts results (www.bloomberg.com)
2022-11-8 Nintendo

Indonesia-based PT Global Digital Niaga, which owns e-commerce group Blibli, raised ~$509M in Jakarta's second-largest IPO in 2022, after GoTo's $1.1B April IPO (www.bloomberg.com)
2022-11-8 IPO Indonesia

Take-Two reports Q2 bookings up 53% YoY to $1.5B, below $1.55B estimates, and revises FY 2023 bookings down to $5.5B; stock drops 17%+ (www.bloomberg.com)
2022-11-8

Twitter Job Cut: Elon Musk Fires More Than 90% of India Staff | Bloomberg (www.bloomberg.com)
2022-11-8 India Twitter Elon Musk

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