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.
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.
Microsoft Corp.’s rehashed $69 billion acquisition of Activision Blizzard Inc. is set to avoid another European Union probe, paving the way for closing of the gaming industry’s biggest ever deal as soon as Britain’s antitrust regulator gives its expected approval in the coming days.
Stocks fluctuated after a rally from oversold levels as traders awaited more clues on the outlook for Federal Reserve policy. Oil fell after an early-week surge.
A payment-technology company that had some of the world’s biggest banks as backers has fired its chief executive officer amid allegations of sexual assault and harassment.
US Space Force has temporarily banned the use of web-based generative artificial intelligence tools and so-called large language models that power them, citing data security and other concerns, according to a memo seen by Bloomberg News.
A group of senators led by Democrat Elizabeth Warren and Independent Angus King is pushing US tax officials to move up the start date for crypto brokerages and exchanges to report information on their clients’ transactions to the government.
Russian ride-hailing app Yango is under investigation over concerns that it’s a conduit for President Vladimir Putin’s secret service to gather data on customers in Europe.
Tata Consultancy Services Ltd.’s second quarter profit narrowly missed street estimates, underscoring how worries about an economic slowdown continue to curtail tech spending.
Netflix Inc. may no longer be the market darling it was in its heyday, but there is increasing optimism surrounding the stock as earnings loom into view.
