Articles from www.bloomberg.com

Articles from www.bloomberg.com

Court records: FTX paid nearly $948M to 12+ firms working on its bankruptcy, one of the costliest Chapter 11 cases in US history; users are set to get back 118% (www.bloomberg.com)
2025-2-27

Trump says “Apple should get rid of DEI rules, not just make adjustments to them” in a Truth Social post, after Apple investors rejected a proposal to end DEI (www.bloomberg.com)
2025-2-27 Trump Apple

Apple removing ADP in the UK is a pyrrhic victory for Apple, and UK users' muted response suggests they may not care about privacy as much as the company thinks (www.bloomberg.com)
2025-2-26 Apple

Indonesia says Apple signed a deal to invest in Indonesia and will issue it a permit, paving the way for resuming iPhone 16 sales after a five-month tussle (www.bloomberg.com)
2025-2-26 iPhone Apple Indonesia

A profile of Walmart CEO Doug McMillon, who led the company from trailing eBay and Apple in online sales to becoming the world's second-largest e-commerce firm (www.bloomberg.com)
2025-2-26 Apple eBay Walmart

Documents and source: Indonesian agritech eFishery misrepresented financial figures for years; backers like SoftBank likely to recover under 10% of investments (www.bloomberg.com)
2025-2-26 Indonesia

Coupang reports Q4 revenue up 21% YoY to $7.97B, vs. $8.08B est., and operating income of $312M, vs. $167.8M est.; CPNG jumps 5%+ after hours (www.bloomberg.com)
2025-2-26 4Q

WBD closes three game studios and cancels a highly anticipated Wonder Woman title in a bid to boost the profitability of its interactive entertainment business (www.bloomberg.com)
2025-2-26

Instacart reports Q4 revenue up 10% YoY to $883M, missing estimates, and forecasts Q1 adjusted EBITDA below estimates; CART drops 10%+ after hours (www.bloomberg.com)
2025-2-26 4Q

Apple investors reject outside shareholder proposals asking the company to cease its DEI efforts and write a report assessing the risks of its work on AI (www.bloomberg.com)
2025-2-26 AI Apple

DeepSeek reopens API top-ups after suspending them on February 6 due to demand, as Alibaba previews its QwQ-Max model and the Chinese AI rivalry escalates (www.bloomberg.com)
2025-2-26 China Alibaba AI

Baidu acquires the YY Live streaming platform from Joyy for $2.1B, completing a deal started in 2020; a previous $3.6B deal was rejected by Chinese regulators (www.bloomberg.com)
2025-2-25 China

Sources: Italy wants to replace STMicro CEO Jean-Marc Chéry for poor performance, as the Franco-Italian chipmaker struggles to navigate a slump in chip demand (www.bloomberg.com)
2025-2-25 Italy

Bitcoin falls below $90K, its lowest level since mid-November 2024, as the rally that followed Trump's election fades; ETH, XRP, SOL, and more also fell sharply (www.bloomberg.com)
2025-2-25 Trump Bitcoin XRP ETH

Sources: Indonesia and Apple have agreed to lift the iPhone 16 ban, with Apple set to invest $1B; a memorandum of agreement may be signed this week (www.bloomberg.com)
2025-2-25 iPhone Apple Ban Indonesia

Tesla starts rolling out a software update enabling driver-assistance features, similar to Full Self-Driving in the US, for Chinese customers who paid $8,800 (www.bloomberg.com)
2025-2-25 China Tesla

Sources: Trump's team plans tougher US chip curbs and have met with Dutch and Japanese counterparts, urging them to tighten restrictions on China's chip sector (www.bloomberg.com)
2025-2-25 Trump China Japan Netherlands

Sources: SpaceX seeks to deploy Starlink terminals for the FAA, raising questions about Musk's conflicts of interest and a $2B FAA contract Verizon won in 2023 (www.bloomberg.com)
2025-2-25 SpaceX

Anthony Levandowski's self-driving truck startup Pronto signs a deal with Heidelberg Materials to use its tech in 100+ dump trucks in mines over three years (www.bloomberg.com)
2025-2-25 Startup

MongoDB buys Voyage AI for $220M and plans to integrate Voyage's retrieval tools for higher-quality AI outputs with real-time operational data for businesses (www.bloomberg.com)
2025-2-25 AI

Salesforce signs a $2.5B, seven-year deal with Google Cloud to let customers run its software, Agentforce AI assistants, and Data Cloud on Google Cloud (www.bloomberg.com)
2025-2-25 Google AI Salesforce

Source: Ethena, which runs the USDe stablecoin, marketed as a “synthetic dollar” with a 9% yield and almost $6B in circulation, raised $100M in December 2024 (www.bloomberg.com)
2025-2-25

TD Cowen: Microsoft cancels leases for a substantial amount of US data centers, potentially due to over-investment fears; Microsoft plans to spend $80B in 2025 (www.bloomberg.com)
2025-2-24 Microsoft

Apple says it will spend $500B in the US over the next four years, hire 20,000 new US workers, and produce AI servers in Texas, after Tim Cook met with Trump (www.bloomberg.com)
2025-2-24 Trump AI Apple Tim Cook Texas

Alibaba pledges to invest more than $53B on AI infrastructure, including new data centers, over the next three years (www.bloomberg.com)
2025-2-24 Alibaba AI

Apple abandons the budget phone market with the iPhone 16e; sources: the M4 MacBook Air may launch in March and Apple may eventually meld the modem and main CPU (www.bloomberg.com)
2025-2-24 iPhone Apple MacBook Budget

Apple removes Advanced Data Protection for iCloud in the UK after the government ordered it to build a backdoor, something the company says it will never do (www.bloomberg.com)
2025-2-23 Apple

Latin American e-commerce giant MercadoLibre's stock reached a record high on February 21 after it reported a record $639M net income on $6.1B in revenue in Q4 (www.bloomberg.com)
2025-2-22 U.S. 4Q Latin America

The Hang Seng Tech Index, which tracks the top 30 Hong Kong-listed tech firms, rose 6.5% on February 21, hitting its highest level since early 2022 (www.bloomberg.com)
2025-2-22 Hong Kong

The US SEC approves a yield-bearing stablecoin by Figure Markets, which Figure says is the first yield-bearing stablecoin registered as a security with the SEC (www.bloomberg.com)
2025-2-22

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