Shares of know-how firms fell sharply as merchants braced for one more leg down in digital-currency markets and Chinese language financial exercise.
Shares of Apple fell sharply after Bloomberg reported unrest round Foxconn’s contract manufacturing facility in Zhengzhou might trigger a manufacturing shortfall this 12 months of as many as 6 million Apple iPhone Execs.
Cryptocurrency lender BlockFi filed for chapter, changing into the newest domino to fall in a collection of high-profile crypto failures. BlockFi had halted consumer withdrawals earlier this month after warning that it had important publicity to collapsed alternate FTX.
Irish regulator the Knowledge Safety Fee fined Fb proprietor Meta Platforms about $276 million for failing to adequately safeguard greater than half a billion customers’ cellphone numbers and different info from so-called knowledge scrapers.
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