Biden blacklists China’s YMTC, crackdowns on AI chip sector

Biden blacklists China’s YMTC, crackdowns on AI chip sector

WASHINGTON, Dec 15 (Reuters) – The Biden administration on Thursday added Chinese memory chipmaker YMTC and 21 “major” Chinese players in the artificial intelligence chip sector to a trade blacklist, broadening its crackdown on China’s chip industry. YMTC, long in the crosshairs of the U.S. government, was added to the list over fears it could … Read more

Twitter to relaunch Twitter Blue at higher price for Apple users

Twitter to relaunch Twitter Blue at higher price for Apple users

Dec 10 (Reuters) – Twitter Inc will relaunch a revamped version of its subscription service Twitter Blue on Monday at a higher price for Apple users, the company said in a tweet on Saturday. The company said users could subscribe to the revamped service that will allow subscribers to edit tweets, upload 1080p videos and … Read more

U.S. bans Huawei, ZTE equipment sales citing national security risk

U.S. bans Huawei, ZTE equipment sales citing national security risk

Nov 25 (Reuters) – The Biden administration has banned approvals of new telecommunications equipment from China’s Huawei Technologies (HWT.UL) and ZTE (000063.SZ) because they pose “an unacceptable risk” to U.S. national security. The U.S. Federal Communications Commission said on Friday it had adopted the final rules, which also bar the sale or import of equipment … Read more

Elon Musk starts Twitter poll on whether to bring back Trump

Elon Musk starts Twitter poll on whether to bring back Trump

Nov 18 (Reuters) – Elon Musk started a Twitter poll late on Friday asking followers to vote on whether to reinstate former U.S. President Donald Trump’s account on the platform, with early results showing roughly 60% voting yes. “Vox Populi, Vox Dei,” Musk tweeted, a Latin phrase that roughly means meaning “the voice of the … Read more

SoftBank shares tumble after Vision Fund reports another big loss

SoftBank shares tumble after Vision Fund reports another big loss

TOKYO, Nov 14 (Reuters) – Shares in Japan’s SoftBank Group Corp (9984.T) plunged on Monday after the company reported a heavy loss at its Vision Fund investment arm for a third consecutive quarter. The shares sank 13% in early afternoon trade – heading for their biggest one-day loss in more than two and a half … Read more

Japan’s SoftBank books first-half net loss on sliding tech valuations

Japan’s SoftBank books first-half net loss on sliding tech valuations

TOKYO, Nov 11 (Reuters) – SoftBank Group Corp (9984.T) on Friday booked a first-half net loss, hurt by a slide in its tech portfolio. The Japanese tech group booked a net loss of 129.1 billion yen ($912.69 million) in the six months to end-September, compared to a net profit of 363.57 billion yen a year … Read more

FTX’s Bankman-Fried scrambles for funds after Binance deal collapse

FTX’s Bankman-Fried scrambles for funds after Binance deal collapse

HONG KONG/SINGAPORE/NEW YORK, Nov 10 (Reuters) – FTX Chief Executive Sam Bankman-Fried on Thursday launched an urgent push to raise funds to save his firm as the crypto exchange looks to plug a reported $8 billion hole in its finances, according to tweets and a memo to employees. Bankman-Fried said he was in talks with … Read more

Musk begins his Twitter ownership with firings, declares the ‘bird is freed’

Musk begins his Twitter ownership with firings, declares the ‘bird is freed’

Musk says the “bird is freed” after $44 billion deal Musk fires Twitter CEO, CFO, policy chief Some Twitter users flag willingness to walk away Poll shows employee job concerns EU warns: “This bird will fly by our rules” Oct 28 (Reuters) – Elon Musk has taken ownership of Twitter Inc (TWTR.N) with brutal efficiency, … Read more

Wall Street ends lower as Fed worries outweigh earnings

Wall Street ends lower as Fed worries outweigh earnings

IBM up as it sees higher full-year sales Tesla expects to miss vehicle delivery target this year AT&T raises annual profit forecast Dow down 0.3%, S&P 500 down 0.80%, Nasdaq down 0.61% NEW YORK, Oct 20 (Reuters) – U.S. stocks closed lower on Thursday as data on the labor market and comments from a U.S. … Read more

Google approves Trump’s Truth Social for Play Store

Google approves Trump’s Truth Social for Play Store

Oct 12 (Reuters) – Alphabet Inc’s (GOOGL.O) Google has approved former U.S. President Donald Trump’s social media app Truth Social for distribution in the Google Play Store, a company spokesperson said on Wednesday. Trump Media & Technology Group (TMTG), which operates Truth Social, is expected to make the app available in the Play Store shortly, … Read more