Key Witness at Sam Bankman-Fried Trial to Launch New Crypto Exchange

A group of former FTX executives, including one who served as a key witness against Sam Bankman-Fried, are teaming up to build a new cryptocurrency exchange that aims to solve the problems that doomed their previous employer. Trek Labs, a Dubai-based startup led by the former FTX general counsel Can Sun, received a license from … Read more

Google Antitrust Trial Exposes Deepening Rift With Microsoft  

Satya Nadella wanted to make nice with longtime rival Google when he became chief executive of Microsoft almost a decade ago. Those days now feel like a distant memory. Google’s antitrust trial in Washington, D.C., has provided a stage for Microsoft to air long-simmering grievances about the search giant’s market dominance. It also has opened a … Read more

Tech, Media & Telecom Roundup: Market Talk

Updated Nov. 8, 2023 4:52 pm ET The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 1622 ET – Disney is cutting costs faster than it expected. CEO Bob Iger hinted with third-quarter earnings three months ago that the company was … Read more

FDA Expands Recall of Children’s Fruit Pouches Over Possible Lead Contamination

Updated Nov. 7, 2023 8:51 am ET Federal health officials expanded a recall of children’s fruit pouches to include two more brands over fears of possible lead contamination. Grocery store chains Schnucks and Weis Markets were added to the recall after the Food and Drug Administration said certain brand-name cinnamon applesauce pouches sold in their … Read more

Elon Musk Says His New AI Bot ‘Grok’ Will Have Sarcasm and Access to X Information

Updated Nov. 4, 2023 1:44 pm ET Elon Musk gave a glimpse of his artificial-intelligence startup’s first product: a bot named Grok whose sense of humor he demonstrated with jokes about Sam Bankman-Fried and how to make cocaine. Musk, with a series of posts late Friday on X, included what he indicated were sample responses … Read more

Toyota Recalls More Than 1.8 Million RAV4 SUVs Over Battery Fire Risk

Updated Nov. 2, 2023 10:29 am ET Toyota Motor is recalling more than 1.8 million RAV4 vehicles over a potential fire risk, the company said. Batteries in certain RAV4 cars from the model years 2013 to 2018 are too small which could cause them to shift during forceful turns and possibly catch fire, the carmaker … Read more

Basic Materials Roundup: Market Talk

Rio Tinto, Suncor and more in the latest Market Talks covering Basic Materials.

Ford Considers Cutting Shift at F-150 Lightning Pickup Plant, UAW Memo Says

Updated Oct. 14, 2023 11:22 am ET Ford Motor is considering cutting a work shift at the plant where it builds its electric F-150 Lightning pickup as demand for the EV truck falters, according to a memo from a United Auto Workers official.  Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Reference

U.S. Oil Inventories Rise as Domestic Production Hits Record High

U.S. oil inventories jumped by 10.2 million barrels last week, much more than expected, as domestic production hit a record high. Source link

AI's Costly Buildup Could Make Early Products a Hard Sell

Microsoft, Google, Adobe and other companies are experimenting with an array of tactics to make, market and charge for AI. Source link