Articles from www.bloomberg.com

Articles from www.bloomberg.com

A profile of Walmart CEO Doug McMillon, who led the company from trailing eBay and Apple in online sales to becoming the world's second-largest e-commerce firm (www.bloomberg.com)
2025-2-26 Apple eBay Walmart

Documents and source: Indonesian agritech eFishery misrepresented financial figures for years; backers like SoftBank likely to recover under 10% of investments (www.bloomberg.com)
2025-2-26 Indonesia

Coupang reports Q4 revenue up 21% YoY to $7.97B, vs. $8.08B est., and operating income of $312M, vs. $167.8M est.; CPNG jumps 5%+ after hours (www.bloomberg.com)
2025-2-26 4Q

WBD closes three game studios and cancels a highly anticipated Wonder Woman title in a bid to boost the profitability of its interactive entertainment business (www.bloomberg.com)
2025-2-26

Instacart reports Q4 revenue up 10% YoY to $883M, missing estimates, and forecasts Q1 adjusted EBITDA below estimates; CART drops 10%+ after hours (www.bloomberg.com)
2025-2-26 4Q

Apple investors reject outside shareholder proposals asking the company to cease its DEI efforts and write a report assessing the risks of its work on AI (www.bloomberg.com)
2025-2-26 AI Apple

DeepSeek reopens API top-ups after suspending them on February 6 due to demand, as Alibaba previews its QwQ-Max model and the Chinese AI rivalry escalates (www.bloomberg.com)
2025-2-26 China Alibaba AI

Baidu acquires the YY Live streaming platform from Joyy for $2.1B, completing a deal started in 2020; a previous $3.6B deal was rejected by Chinese regulators (www.bloomberg.com)
2025-2-25 China

Sources: Italy wants to replace STMicro CEO Jean-Marc Chéry for poor performance, as the Franco-Italian chipmaker struggles to navigate a slump in chip demand (www.bloomberg.com)
2025-2-25 Italy

Bitcoin falls below $90K, its lowest level since mid-November 2024, as the rally that followed Trump's election fades; ETH, XRP, SOL, and more also fell sharply (www.bloomberg.com)
2025-2-25 Trump Bitcoin XRP ETH

Sources: Indonesia and Apple have agreed to lift the iPhone 16 ban, with Apple set to invest $1B; a memorandum of agreement may be signed this week (www.bloomberg.com)
2025-2-25 iPhone Apple Ban Indonesia

Tesla starts rolling out a software update enabling driver-assistance features, similar to Full Self-Driving in the US, for Chinese customers who paid $8,800 (www.bloomberg.com)
2025-2-25 China Tesla

Sources: Trump's team plans tougher US chip curbs and have met with Dutch and Japanese counterparts, urging them to tighten restrictions on China's chip sector (www.bloomberg.com)
2025-2-25 Trump China Japan Netherlands

Sources: SpaceX seeks to deploy Starlink terminals for the FAA, raising questions about Musk's conflicts of interest and a $2B FAA contract Verizon won in 2023 (www.bloomberg.com)
2025-2-25 SpaceX

Anthony Levandowski's self-driving truck startup Pronto signs a deal with Heidelberg Materials to use its tech in 100+ dump trucks in mines over three years (www.bloomberg.com)
2025-2-25 Startup

MongoDB buys Voyage AI for $220M and plans to integrate Voyage's retrieval tools for higher-quality AI outputs with real-time operational data for businesses (www.bloomberg.com)
2025-2-25 AI

Salesforce signs a $2.5B, seven-year deal with Google Cloud to let customers run its software, Agentforce AI assistants, and Data Cloud on Google Cloud (www.bloomberg.com)
2025-2-25 Google AI Salesforce

Source: Ethena, which runs the USDe stablecoin, marketed as a “synthetic dollar” with a 9% yield and almost $6B in circulation, raised $100M in December 2024 (www.bloomberg.com)
2025-2-25

TD Cowen: Microsoft cancels leases for a substantial amount of US data centers, potentially due to over-investment fears; Microsoft plans to spend $80B in 2025 (www.bloomberg.com)
2025-2-24 Microsoft

Apple says it will spend $500B in the US over the next four years, hire 20,000 new US workers, and produce AI servers in Texas, after Tim Cook met with Trump (www.bloomberg.com)
2025-2-24 Trump AI Apple Tim Cook Texas

Alibaba pledges to invest more than $53B on AI infrastructure, including new data centers, over the next three years (www.bloomberg.com)
2025-2-24 Alibaba AI

Apple abandons the budget phone market with the iPhone 16e; sources: the M4 MacBook Air may launch in March and Apple may eventually meld the modem and main CPU (www.bloomberg.com)
2025-2-24 iPhone Apple MacBook Budget

Apple removes Advanced Data Protection for iCloud in the UK after the government ordered it to build a backdoor, something the company says it will never do (www.bloomberg.com)
2025-2-23 Apple

Latin American e-commerce giant MercadoLibre's stock reached a record high on February 21 after it reported a record $639M net income on $6.1B in revenue in Q4 (www.bloomberg.com)
2025-2-22 U.S. 4Q Latin America

The Hang Seng Tech Index, which tracks the top 30 Hong Kong-listed tech firms, rose 6.5% on February 21, hitting its highest level since early 2022 (www.bloomberg.com)
2025-2-22 Hong Kong

The US SEC approves a yield-bearing stablecoin by Figure Markets, which Figure says is the first yield-bearing stablecoin registered as a security with the SEC (www.bloomberg.com)
2025-2-22

Trump says Tim Cook told him that Apple “stopped two plants in Mexico” and will build products in the US instead, a move Apple hasn't publicly discussed (www.bloomberg.com)
2025-2-22 Trump Mexico Apple Tim Cook

Trump directs CFIUS to limit Chinese investments in key areas, and says US will consider outbound investment restrictions to China in sectors like chips and AI (www.bloomberg.com)
2025-2-22 Trump China AI

Crypto exchange Bybit says a hacker took control of one of its cold Ethereum wallets, resulting in what analysts estimate was the loss of ~$1.5B worth of tokens (www.bloomberg.com)
2025-2-22 Hacker Ethereum

NetEase CEO William Ding has cut hundreds of jobs, closed game studios, and reduced international investment as he refocuses on a smaller portfolio of titles (www.bloomberg.com)
2025-2-22

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