Meta's Virtual Reality Meets Facebook's Harsh Real World 

The social network is in cost-cutting mode ahead of its huge investment in the metaverse.

Credit Suisse Launches Bond Buyback 

Credit Suisse said it will spend around $3 billion to buy back senior bonds to save on interest payments as it prepares to reshape itself as a smaller and safer bank.

Samsung Expects Profit to Slump 

Memory-chip and smartphone businesses are feeling the effects of curbed consumer spending on tech products.

Chip Stocks Tumble as AMD Revenue Warning Bites 

Advanced Micro Devices issues a revenue warning and Samsung Electronics posts a 32% drop in third-quarter operating profit.

Binance Estimates $100 Million Was Stolen in Blockchain Hack 

Crypto exchange Binance said late Thursday that $100 million was likely stolen as a result of a hack on its Binance Smart Chain blockchain network.

Tesla Aims to Deliver First Semitrailer Trucks in December to PepsiCo 

Elon Musk said the truck can travel 500 miles on a single charge

Chevron Faces Challenges Restarting Venezuela's Oil Fields 

Analysts and executives are seeking to calculate how much crude the South American country can produce after years of infrastructure neglect.

Twitter-Musk Judge Postpones Trial as Deal Talks Stall 

The surprise ruling, granting a request by Elon Musk, effectively ends negotiations and adds fresh uncertainty to efforts to close the $44 billion deal. Mr. Musk now has until Oct. 28 to do so.

Kanye West's Yeezy Partnership Put Under Review by Adidas 

The German sportswear giant says it has worked to privately resolve disputes over its contract with the musician and designer.

Celsius Executives Cashed Out $18 Million in Crypto Before Bankruptcy 

Alex Mashinsky withdrew $10 million in tokens before stepping down as chief executive in late September.


(END) Dow Jones Newswires

October 07, 2022 07:00 ET (11:00 GMT)

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