Bloomberg Tech

Bitcoin fell a fifth day, dropping below $27,000 for the first time since September, with traders citing the conflict in the Middle East as weighing on investor sentiment.

Alameda Research co-Chief Executive Officer Caroline Ellison took the stand for a second day on Wednesday in the trial of Sam Bankman-Fried, co-founder of crypto exchange FTX. Ellison, who also had an on-and-off romantic relationship with Bankman-Fried, is the most important of the government’s three star witnesses.

Ericsson expects to record an impairment charge of nearly $3 billion in the third quarter, citing higher interest rates and a slowdown in the Vonage business it bought for $6.2 billion last year.

European Commissioner Thierry Breton warned some of Silicon Valley’s top social media players that Europe requires them to take prompt action to stop the spread of disinformation about the Israel-Hamas war.

The resilience of Israel’s debt issuers is at stake if a conflict stretches on, impairing economic activity and policymaking, according to Moody’s Investors Service.

Mexico is offering large tax breaks to a swath of industries in a government decree published Wednesday, aiming to capitalize on a nearshoring trend that has seen companies pile into the country.

A lender-appointed receiver has taken steps to assume control of a Byju’s unit following months of failed restructuring negotiations and a loan default, according to people with knowledge of the matter.

Hidden charges at hotels, ticketed events and banks have drawn the President’s ire.

In yet another example of how swiftly investor interest in crypto has dried up, Coinbase Global Inc.’s spot trading volume likely plummeted by more than half during the recently completed third quarter.