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Virginia Governor Glenn Youngkin is calling an electric-vehicle battery plant planned by Ford Motor Co. and a Chinese partner a “Trojan horse” for China that would undermine policy efforts to strengthen the US auto industry. He speaks to Bloomberg’s Ed Ludlow. Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of “Bloomberg Technology”
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Coinbase Global Inc. is firing about 950 employees, or 20% of its workforce, as the worsening crypto slump spurs another round of layoffs at the biggest US digital-asset exchange. CEO and co-founder Brian Armstrong made the announcement in a blog post Tuesday. Bloomberg’s Abigail Doolittle reports. Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch
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Apple plans to stop using Broadcom chips in its devices and use homegrown components instead. Bloomberg’s Mark Gurman reports. Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of “Bloomberg Technology” with Emily Chang here: Get the latest in tech from Silicon Valley and around the world here: https://www.bloomberg.com/technology
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Salesforce Inc. rose after saying it would cut about 10% of its workforce and reduce its real estate holdings, citing too much hiring during the pandemic-fueled boom and customers turning cautious on spending. Anurag Rana of Bloomberg Intelligence speaks on “Bloomberg Markets.” Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full
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Dan Ives, Wedbush Securities managing director and senior equity research analyst, says Tesla shares could “rip higher” during an interview with Matt Miller on “Bloomberg The Open.” Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of “Bloomberg Technology” with Emily Chang here: Get the latest in tech from
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Sam Bankman-Fried’s crypto empire filed for Chapter 11 bankruptcy in Delaware. Bankman-Fried resigned as chief executive officer as part of the filings, and John J. Ray III was appointed to replace him, the statement said. Sonali Basak report on “Bloomberg The Open.” Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
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