Last Monday marked one of the biggest TV events of June—Game 5 of the NBA finals. So naturally the crypto exchange Coinbase used the opportunity to air an ad poking fun at crypto’s more enthusiastic doomsayers. A series of tweets declaring “Crypto is dead”—some new, others nearly a decade old—fades in and out over a … Read more
Russia’s Gazprom has cut gas deliveries to France and Italy, just days after their leaders were in Kyiv to formally back Ukraine’s bid to join the EU. That’s raising alarm that a slowdown in deliveries could derail EU efforts to build up supplies ahead of next winter and protect the bloc from Russian energy blackmail. … Read more
Amazon, the company notorious for its awful labor practicesis grinding through its potential workforce too fast, according to an internal company research memo leaked to and first reported on by Vox. “If we continue business as usual, Amazon will deplete the available labor supply in the US network by 2024,” said the document, according to … Read more
Image: Activision Blizzard / Kotaku Nearly year after an explosive lawsuit by the California Department of Fair Employment and Housing kicked off a firestorm of sexual harassment and discrimination allegations at Activision Blizzard, a Board of Directors working group investigating the company has released its findings. Led by a 25-year veteran of the Call of … Read more
Wall Street opened the week with heavy losses that put the S&P 500 benchmark at a level considered to be a so-called bear market. Rising interest rates, high inflation, the war in Ukraine and a slowdown in China’s economy have led investors to reconsider what they’re willing to pay for a wide range of stocks, … Read more
Comedian John Oliver decided to wade into the antitrust battleground this week, and he didn’t hold back any punches. Oliver devoted 25 minutes of his most recent Last Week Tonight show to discuss general Big Tech badness and advocated in favor of a pair of historic antitrust bills currently being considered in Congress. The comedian … Read more
photo: Mario Tama (Getty Images) Five automakers are rallying in support of California’s desire to set its own emissions requirements, used car prices are up but not quite as much as you’d probably think and a Chinese automotive giant believes it will soon make batteries for Tesla. It’s unclear if Tesla is aware. All that … Read more
photo: Kevork Djansezian Microsoft is trying to strike a more conciliatory tone with organized labor as it looks to get its $69 billion mega video game merger with Activision Blizzard OK’d by the Federal Trade Commission. Vice chairman and president Brad Smith wrote that the company is “committed to creative and collaborative approaches with unions” … Read more
photo: Tada Images (shutterstock) If you love eating lunch but abhor paying for it, you’ve come to the right place. In a seemingly endless sea of apps, there are a handful of ones that not only keep more money in your pocket, but more food in your mouth, too. I’ve been playing the chain restaurant … Read more
Image: Toyota Toyota will produce 150,000 fewer vehicles globally this month than it originally planned, BMW could make its Mexico facility the base of its EV production operations and Sony is finding big business in supplying image sensors for the future of assisted and autonomous driving. All that and more in this Happy Friday edition … Read more