Bloomberg Tech

US stocks rebounded, led by the tech sector, ahead of an afternoon speech from Federal Reserve Chair Jerome Powell. Treasuries were mixed.

GameStop Corp. appointed billionaire Ryan Cohen as chief executive officer, filling a post that’s been empty since the company fired its previous CEO in June.

China spends billions of dollars each year to enhance its image around the world, including by sponsoring online influencers and bolstering authoritarian governments through the export of “smart cities” technology, the US government says in a new report.

Crypto exchange Gemini Trust Co. withdrew hundreds of millions of dollars from Genesis Global Holdco LLC several months before the lender froze deposits and ultimately filed for bankruptcy.

With cargo shipments falling in the post-pandemic era, some shippers have turned to artificial intelligence to boost efficiency. The freight unit of Uber Technologies Inc. has tapped its vast data files to use AI to predict late shipments — and make suggestions for alternative routes.

Honda Motor Co. is trying to crack into the US market for electric vehicles with a new model and an old strategy: If you can’t beat ’em, join ’em.

Sweden’s Northvolt AB said clean power and access to critical raw materials alongside generous subsidies swayed its decision to pick a site close to Montreal for its first electric vehicle battery plant in North America.

The competition between banks and direct lenders in the leveraged buyout arena will likely result in more defaults as riskier debt deals get done, according to Moody’s Investors Service.

Fireblocks Inc., the crypto company backed by Sequoia Capital and Coatue Management, has acquired BlockFold, a Melbourne-based startup that helps financial institutions build blockchain-based systems, people with knowledge of the matter said.

Sam Bankman-Fried lost yet another bid to be released from a Brooklyn federal jail days before he goes on trial in one of the biggest white-collar criminal cases in US history.