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China Hits Micron With Review of Chips, Citing Security Risks
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Moody's cuts outlook on U.S. banking system to negative, citing 'rapidly deteriorating operating environment'
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The firm, part of the big three rating services, said it was making the move in light of key bank failures.

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Citing 'death threats,' Texas judge asked attorneys to keep news of hearing on legality of abortion pill quiet
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Federal Judge Matthew Kacsmaryk asked attorneys in a pivotal case over the abortion pill mifepristone to not disclose a key hearing set for Wednesday.

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Regulators close New York's Signature Bank, citing systemic risk
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U.S. regulators on Sunday shut down New York-based Signature Bank in a bid to prevent the spreading banking crisis.

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High-ranking DOJ official says she 'would not advise' consumers to use TikTok, citing security concerns
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The concerns stem from TikTok’s ownership by China-based ByteDance, since China’s national security laws can compel firms based there to hand over information.

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Key Republican subpoenas Alphabet, Amazon, Apple, Meta and Microsoft, citing alleged collusion with the government to suppress speech
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Jordan wants to “understand how and to what extent the Executive Branch coerced and colluded with companies and other intermediaries to censor speech.”

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Norway's gigantic sovereign wealth fund loses a record $164 billion, citing 'very unusual' year
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Norway’s sovereign wealth fund on Tuesday reported a record loss of 1.64 trillion kroner ($164 billion) in 2022.

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DCG-owned crypto exchange Luno axes 35% of staff, citing market turbulence
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London-based crypto exchange Luno informed employees Wednesday of the redundancies at 12 p.m. GMT in a live-streamed town hall.

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Elon Musk attorneys aim to move trial from California to Texas, citing ‘local negativity’
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Elon Musk and Tesla are set to face a jury in a shareholder class action that claims the CEO manipulated Tesla’s stock in 2018.

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Macy's warns holiday-quarter sales will come in light, citing squeeze on shoppers' wallets
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Macy’s on Friday said consumers’ budgets are under pressure and that it expects the squeeze to continue into this year.

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Chinese EV maker Nio cuts delivery guidance for fourth quarter, citing Covid disruptions
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Nio had expected to deliver up to 48,000 EVs in the fourth quarter, but Covid-linked supply chain issues pushed the Chinese company to cut its guidance.

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Judge pulls out of SBF-FTX case citing husband's law firm's advisory link
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Mazars Group suspends all work with crypto clients including Binance, Crypto.com, citing concerns over public perception of proof of reserves
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Accounting firm Mazars Group has suspended all work with its crypto clients, according to its former client and the world’s largest crypto exchange, Binance.

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United gives pilots 5% raises early, citing return to profitability
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The raises were part of a 2020 cost-cutting agreement with the union.

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