Microsoft Abandons Plans for New Office in London
Microsoft Corp. is abandoning plans for a new office complex in London, the company said Tuesday, showing how plans to trim 10,000 workers this year will affect its real estate needs.
Bloomberg Tech
Bitcoin Touches High End of Recent Range; Dogecoin Extends Gain
Bitcoin trended toward the high end of its recent range of around $28,000, while Dogecoin continued to benefit from Elon Musk’s flirtation with the meme token.
FTX Erased From Miami Arena With $117 Million Replacement Found
Miami’s waterfront basketball arena where the Miami Heat play is getting a new name after becoming a symbol of the spectacular collapse of cryptocurrency exchange FTX.
Amazon Lays Off About 100 Employees in Its Gaming Divisions
Amazon.com Inc. laid off about 100 employees in its video-game divisions as part of its broader cutbacks, affecting workers at Prime Gaming, Game Growth and the company’s San Diego studio.
Latin America VC Firm Kaszek Raises $975 Million, Defying Slump
Kaszek Ventures, the largest venture capital firm based in Latin America, raised nearly $1 billion across two new funds for investments in the region, defying a recent downturn in financing for the tech industry.
Desmarais Family’s IGM Aims for Rich Clients in Rockefeller Deal
Canadian asset manager IGM Financial Inc.’s deal for a minority stake in Rockefeller Capital Management is a key moment in its strategy to be a “bigger force” in serving rich investors, its chief executive officer said.
Steel Bosses Get Jail Time in $500 Million Trade Finance Fraud
Three executives of a British steel trading business were jailed over a $500 million trade finance fraud scheme.
C3.ai Shares Drop After Short-Seller Alleges ‘Accounting Issues’
Shares of C3.AI fell the most ever after short-seller Kerrisdale Capital alleged “serious accounting and disclosure issues” at the enterprise software developer.
Apple Users Report Weather App Outage in Some Locations
Apple Inc. said that some users are experiencing disruptions of its weather app on Tuesday, citing a data provider issue.
Deal-Needy SPACs Scour the Globe for Targets as Deadlines Loom
SPAC sponsors are looking around the world for target companies as they scramble to meet deadlines amid the ongoing drought in the market for traditional initial public offerings.