Technology

Video Game Consoles Are Somehow Spared From Inflation in Japan

The weaker yen has triggered price hikes on electronics from iPhones to refrigerators across Japan this year, with one glaring exception: the video game console. Sony Group Corp., Microsoft Corp. and Nintendo Co. have held fast to a 100-yen-to-the-dollar conversion rate that today sees their consoles as much as $100 cheaper in Japan than elsewhere […]

Technology

Amazon Hires Senior Senate Aide, Boosting Efforts to Stymie New Tech Antitrust Bill

Amazon.com Inc. hired a senior Republican congressional aide, bolstering its efforts to stymie a new antitrust bill aimed at US technology companies, according to two people familiar with the hire. Judd Smith was the Senate Judiciary Committee’s counsel as the panel wrote and approved a bill that would restrict the way Amazon can offer products […]

Technology

Oracle Cuts Workers in US Customer Experience Unit

Oracle Corp. cut jobs in marketing and the US customer experience division, signaling a pullback in customer analytics and advertising services. Some workers were told Monday that their positions had been eliminated, according to four people with direct knowledge of the matter. Junior sales employees as well as a division sales director were among those […]

Technology

Morgan Stanley, BofA Subpoenaed by Twitter in Musk Fight

Twitter Inc. subpoenaed records from Morgan Stanley and other financial firms as part of its legal fight with Elon Musk over his canceled $44 billion acquisition of the social media platform. Morgan Stanley was Musk’s chief financial adviser on the proposed deal and pledged up to $5.5 billion in financing. In a series of subpoenas […]

Technology

Pinterest Surges in Rally on Users, Elliott as Top Holder

Pinterest Inc. jumped after reporting resilient sales and user numbers and Elliott Investment Management confirmed a major stake, saying it approved of the company’s leadership. Shares gained about 20% in extended trading. The company said it had 433 million monthly active users at the end of the second quarter on June 30, about the same […]

Technology

YouTube Must Face Suit by Grammy Winner Over Rights Protection

Alphabet Inc.’s YouTube failed to persuade a California judge to toss out a lawsuit by a Grammy-award winning composer accusing the video-sharing platform of not protecting her and other “ordinary” creators from unlawful copying and use of their work. YouTube’s contentions in its motion to dismiss the suit are “unavailing,” US District Judge James Donato […]

Technology

Point72’s Steve Cohen Exits Investment in Crypto Firm Radkl

Hedge fund billionaire Steve Cohen exited his investment in cryptocurrency trading startup Radkl, according to a spokesperson for the digital-asset company. The quantitative crypto trading firm, which was formed last year by New York Stock Exchange market maker GTS, has already lost at least four managing directors this year, including Jim Greco, Allan Erskine, Jason […]