China zero-Covid: Workers at Zhengzhou iPhone factory clash with police, videos show

Beijing/Hong Kong CNN Business  —  Workers at China’s largest iPhone assembly factory were seen confronting police, some in riot gear, on Wednesday, according to videos shared over social media. The…

FTX Says Assets ‘Missing’ or ‘Stolen’ as Bankruptcy Process Begins

Lawyers for the collapsed cryptocurrency exchange FTX on Tuesday painted a grim picture of the firm’s finances and the fate of the billions of dollars in assets that customers lost.…

HP says it will lay off thousands of workers over the next couple years

CNN Business  —  HP Inc. announced on Tuesday that it will lay off thousands of workers over the next three years, becoming the latest tech company to significantly downsize staffing…

Elon Musk’s Twitter Role Puts Tesla Board Under New Scrutiny

Since Elon Musk took over Twitter last month, his stewardship of the social network has been marked by turmoil, intrigue and no shortage of questions. Here’s one: How much time…

Elon Musk says Twitter is ‘holding off’ restarting paid verification over impersonation concerns

CNN Business  —  Elon Musk said Monday evening that Twitter is “holding off” the restart of his paid account verification plan over continued concerns of impersonation on the social media…

What Elon Musk Is Doing to Twitter Is What He Did at Tesla and SpaceX

Elon Musk was sleeping at the office. He dismissed employees and executives at will. And he lamented his company was on the verge of bankruptcy. That was back in 2018…

Inside Gary Gensler’s SEC Campaign to Rein In the Crypto Industry

In March, eight months before his cryptocurrency empire imploded, Sam Bankman-Fried joined a video call with Gary Gensler, a longtime financial regulator who now leads the Securities and Exchange Commission.…

Collapsed FTX owes nearly $3.1 billion to top 50 creditors

CNN Business  —  Cryptocurrency exchange FTX, which has filed for US bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion. The exchange owes about $1.45 billion…