Goldman Profit Falls on Weaker Revenue, Higher Costs and Marcus Loss
The Wall Street bank is bearing the costs of its revamp.
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Recent Editions
SEC Sues Crypto Exchange Bittrex and Its Former CEO
The lawsuit comes more than a week after Bittrex announced it was winding down operations in the U.S., citing economic conditions and the U.S. regulatory environment.
Netflix Stock Drops After ‘Love is Blind’ Glitch
The technical glitch marred Netflix's reputation for technical excellence.
Apple Launches High-Interest Savings Accounts With Goldman
Accounts, available to Apple Card users, will pay 4.15% APY.
Spotify to Distribute Gimlet Podcasts on Other Platforms
The audio streaming company also said an executive from its audiobook business is leaving.
Lululemon Exploring Mirror Sale
It paid $500 million for the fitness equipment startup in July 2020, at the peak of the home-workout boom.
SpaceX Delays Starship Launch Test
Elon Musk’s rocket company will try again later this week.
Samsung Weighs Replacing Google As Default Search Engine
The development underscores how rapidly the latest wave of advances in artificial intelligence is transforming Google's search business.
Montana Legislature Votes to Ban TikTok
The bill would be the first of its kind passed by a U.S. state.
Meta Expanded Shareholder Engagement As Stock Tanked
The expanded shareholder engagement came as Meta's stock price fell far more than that of other big tech stocks.
SEC Reopens Comment Period for Definition of Exchange, Including DeFi
Crypto companies and advocacy organizations have criticized the proposed changes for being too broad.
Blockchain Company Chia Network Confidentially Files for IPO
Bitcoin prices have surged this year. Chia’s own token, XCH, jumped on the news.
Bitdeer Shares Fall 27% on First Day of Trading
Bitdeer went public through the special purpose acquisition company Blue Safari Group Acquisition Corp.
Vice Media Hires Interim Finance Chief From Turnaround Firm
Vice Media is bringing in Mark Del Priore from AlixPartners, a turnaround firm the struggling digital-media company has been working with, to oversee its finances.
Walmart’s Chief Merchandising Officer To Exit
Charles Redfield has held various roles at Walmart for more than three decades.
Rippling CEO Confirms an IPO Ahead
The initial public offering will test investor appetite for new tech listings after a wide market downturn hit existing tech stocks especially hard.
JPMorgan Lifts Profit but Warns On Higher Rates
The largest US lender reported 52% quarterly net profit and a big inflow of deposits in the wake of the collapse of Silicon Valley Bank.
Walmart Sells Bonobos For 75% Less Than What It Paid
The DTC menswear brand was one of the pillars of Walmart’s previous e-commerce strategy.
San Francisco Police Arrest Tech Consultant in Bob Lee Killing
Nima Momeni, owner of Bay Area-based tech consulting firm Expand IT, is the lone suspect in last week's stabbing death of technology executive Bob Lee.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy