Intel said that the poor results were mostly due to a weakened economy, supply chain and inventory disruption and competitive pressures., This quarters results were below the standards we have set for the company and our shareholders, CEO Pat Gelsinger said in a statement. Ford will also buy from LG Energy Solutions and up its buy from its existing partner SK On. The company said it would expand the use of lithium iron phosphate battery cells in addition to the nickel cobalt manganese cells it currently relies on. Fintech Business Weekly reported LendUp's plans Sunday. In all the talk of Fords push to secure its electric future, the company did not mention a recent report from Bloomberg that the company is anticipating layoffs, to the tune of up to 8,000 employees. And yet, Hulu's decision to open the floodgates to issue ads raises thorny questions for the platform, including whether it will offer the public any way to see how much political groups and campaigns are actually spending on those ads, whom they're targeting and what they're saying. Other categories of interest include "market and operational risks associated with blockchain, decentralized finance, and cryptocurrencies" and "entry by fintech and nonbank entities and fair access to financial services.". It also bought online pharmacy company PillPack in 2018. The bloc agreed to voluntary cuts to gas demand of up to 15% for the winter, when demand rises for keeping homes warm. Feeding into social media hype will often result in money lost, experts warn. These LFP batteries could provide a lower-cost option for Fords growing EV fleet. The SEC publicly announced that it was charging a former Coinbase manager with insider trading last week. In the wake of the Russian Internet Research Agency scandal in 2016, both of those companies built political ad archives that offer the public information about who is running an ad, how much they're spending, what they're saying and who they're reaching. Metropolitan is far from the only bank holding deposits on behalf of crypto companies, and now the FDIC wants to ensure customers are not further confused about how, or if, their assets are covered. Through a series of key acquisitions and pricing strategies, Meta has turned its VR business into the market's most dominant platform, with a 90% market share in hardware, according to IDC, and subsidiaries behind some of the most successful VR apps, like best-selling rhythm video game Beat Saber. Coinbase said its changes would improve "information symmetry.". The reported probe of Kraken overseas transactions highlights the growing concerns that crypto companies have been violating U.S. laws and sanctions against countries like Iran, North Korea and Russia. Taking that step against a startup acquisition is part of the FTC's more aggressive stance against Big Tech, which includes a focus on emerging technologies. The data included is open access, which is designed to help community-level decision-makers integrate it into their own work. Prices often rise after a listing, either because of the increased liquidity, speculative betting or a combination of both. Though he hasn't yet done anything with it, others are already using similar data to track some billionaires' yachts, including the one owned by Washington Commanders owner Dan Snyder. FTX hopes to close the transaction by mid-August, it said. Mark Zuckerberg has also reportedly begun bracing his workforce for what the executive has described as an "intense" period of transition for the company during the economic downturn and its recent push to build the metaverse. Intel issued a grim quarterly report card Thursday, telling investors that the companys ever-important data center and AI business revenue declined 16% to $4.6 billion. The ad market is starting to get very rocky: Roku warned investors about a significant slowdown in TV advertising spend as it reported its second-quarter earnings Thursday. The Times also said it has reviewed internal messages in which CEO Jesse Powell suggested being open to breaking the law if it would be beneficial to Kraken. Growing macro-economic concerns are hurting demand in the second half of the year, and Gelsinger said the company had lowered expectations accordingly. As the Pacific Northwest gears up for searing temperatures for the second year in a row, the Biden administration is rolling out a site to help residents there and across the country prepare for a hotter, more dangerous future. More recently, ByteDance has been signaling its intentions to compete more directly with Meta and its Quest line. He owns all the phones. Thats a very new thing about this deal., That, coupled with $60 billion in funding for environmental justice initiatives that will ensure everyone can enjoy the benefits of cleaner air, save money and more, led Stokes to call the legislation "transformative.". "Lots of people I talked to on the production lines at Tesla or building rockets at SpaceX own Doge," Musk said. The quickest and easiest way [for companies to slow spending] is to pull back on marketing temporarily, said Louden. Other agencies that have partnered in the project also include the Environmental Protection Agency, the Federal Emergency Management Agency, the Veterans Administration and the National Park Service. Varo in September raised a $510 million series E round at a $2.5 billion valuation. When Voyager filed for bankruptcy earlier this month, its banking partner, Metropolitan Commercial Bank, issued a statement clarifying that FDIC insurance is available "only to protect against the failure of Metropolitan Commercial Bank," not Voyager. The companys third-quarter outlook didnt offer much relief: Intel said it now expects per-share profit of 12 cents on revenue of $15 billion to $16 billion. The OCC has oversight over how chartered banks use technology and has extended its oversight to fintechs such as Varo and SoFi that have national banking charters. But it's better than what was on the table at this time yesterday. @pierce) is Protocol's former editorial director. The company first entered into consent orders with regulators in 2016 after allegedly deceiving borrowers about the terms of their loans. The product will be running Android Q and make use of a Qualcomm processor. This is reminiscent of how companies like AccuWeather have used and built upon NOAAs fundamental weather forecast in the past. "True value is building products & providing services to your fellow human beings, not money in any form.". According to Jason Mikulas report on Fintech Business Weekly, Kinly has acquired some of Aheads customers. The public outrage over the carbon emissions of the super rich has served as a case study for how new technology and publicly available data can be used for climate accountability. The website has been in the works at least since the start of the Biden administration, according to Rick Spinrad, the head of the National Oceanic and Atmospheric Administration. The tech industry could benefit if the bill passes. As for Shiba Inu? Hopefully it makes people be more careful with their flights or think more about traveling less or being more efficient, Sweeney told Protocol. It has a direct-to-consumer, membership-based model and has made a big push into telehealth since the beginning of the pandemic. The company said it has reached a major agreement with the Chinese company Contemporary Amperex Technology Co. Limited, which is the worlds largest battery-pack supplier. The SEC is investigating major cryptocurrency trading firm Coinbase for permitting the trade of unregistered securities, sources told Bloomberg News Monday. As a result of these challenges, Roku execs said that they had begun to slow down hiring and content spending. After admonishing crypto lender Voyager Digital for "false and misleading" statements on the subject, the FDIC said banks must ensure that crypto firms they partner with are clear about whether customer deposits are insured. Improving insulation and using building materials like concrete that's carbon-negative can keep homes and offices cool in summer and warm in winter as well, further reducing energy demands. He doesnt have every plane model in there yet, but hes planning to add more. Many of those layoffs are expected in the recently created Ford Blue unit tasked with keeping its legacy internal combustion business going. The company says the deal will allow it to "reinvent" health care and "dramatically improve the healthcare experience over the next several years," said Neil Lindsay, senior vice president of Amazon Health Services. But when the CFPB sued the company in late 2021, it was the final straw for the agency: LendUp had violated its 2016 consent order, the agency said, continuing with much of the same illegal and deceptive marketing., In announcing the action, CFPB Director Rohit Chopra condemned VCs for investing in the company. While it's blocked ads about controversial issues more broadly, Hulu has allowed explicitly political ads in the past and has repeatedly faced criticism for how little accountability there is for the advertisers behind the ads. Elon Musk, Tesla CEO, stands in the foundry of the Tesla Gigafactory during a press event. Spotify said it would only allow ads from candidates, political parties, PACs and elected officials, but it also hadn't created any public-facing tracking system for those ads. The company is said to have shipped close to 15 million units of the Quest 2 since its introduction in 2020, according to IDC estimates, and controls roughly 90% of the VR hardware market. "As I've said before, don't bet the farm on crypto! A post on Voyager's Medium account about FDIC insurance returned an error Friday saying it had been deleted. As tends to happen when Musk promotes a coin, the price of bitcoin, ethereum and dogecoin have all jumped in the hours since Musk's tweet. The company, founded seven years ago, is establishing a new business unit called Varo Tech, according to Walsh's announcement. The startup's VR fitness app Supernatural has been a surprise hit, and Mark Zuckerberg has called fitness a key part of his company's strategy to broaden the appeal of VR beyond hardcore gaming. Customers could withdraw their cash without gates or lockups or, if they choose, re-invest it in digital assets of their choice. The SEC action was aimed at a site called Forsage, which allowed retail investors to make transactions through smart contracts on Ethereum, Tron and Binance's BNB Chain, the agency said Monday. For one, the recently released full text is 725 pages, so it will take a while to digest in full. There are also tax credits for individuals to install solar panels and heat pumps as well as to buy new and used electric vehicles. Tom Cotton and Chuck Schumer urged U.S. intelligence agencies to study national security risks posed by TikTok due to the potential for a foreign influence campaigns like those carried out during the 2016 election. Former President Donald Trump attempted to force ByteDance to sell the U.S. operations of TikTok to an American company, but that order wasnt carried out under the Biden administration. Musk has even joked about dogecoin potentially becoming the future reserve currency. Prior to joining Protocol, he was a columnist at The Wall Street Journal, a senior writer with Wired, and deputy editor at The Verge. The firm has faced increased scrutiny by the agency since expanding the amount of tokens it permits to trade, sources say. It remains to be seen if the pressure will pay dividends for the climate. "After a thorough review of ad policies across its linear networks and streaming platforms over the last few months, Disney is now aligning Hulus political advertising policies to be consistent with the Companys general entertainment and sports cable networks and ESPN+, Disney told Axios. The legislative package is a meaningful sum of money, but for the chip industry, which measures the cost of its future plans in the tens or hundreds of billions of dollars, $52 billion over five years is a rounding error given the scale of investments required in this space, according to Bernstein analyst Stacy Rasgon. Heat.gov is geared toward a wide range of decision-makers, from companies to local governments to individuals, Spinrad told Protocol, whether it's a mom trying to decide whether it's safe for kids to play outside, or a construction foreman trying to decide if it's OK for their workers to be out on the job or a public works manager trying to figure out when road repairs can be undertaken.. The estimates are based on the type of plane and how much fuel per hour it burns. It highlights one of the key injustices of climate change: Rich people are responsible for a disproportionate sum of carbon pollution. This comes as the federal government also makes investments in the domestic battery supply chain in a bid to avoid reliance on China as the U.S. transitions to EVs. Bitcoin, he has said, might be a commodity. But late Wednesday, the West Virginia senator and Sen. Its much harder to build an industry through regulations rather than investments, Leah Stokes, a political scientist at the University of California, Santa Barbara, said. The impetus for TikToks new research tools isnt U.S. pressure, but new EU regulation, according to Gus Rossi, director of platform policy at Omidyar Network. Those archives have proved critical for research into elections ads, but they've also created PR crises for the companies crises that streaming platforms have been able to mostly dodge. The FDIC also released a fact sheet for consumers about when its insurance kicks in. A big reason for the dip was Manchin's opposition to Build Back Better, which created regulatory uncertainty. The plan would require approval from the bankruptcy court overseeing Voyager's case. There are a few exemptions for cutting demand, which were pushed by countries that do not heavily rely on Russian methane gas such as Spain, Portugal and France. More renewables on the grid will make it easier for companies to power their operations without damaging the climate. "Especially in as much as VR or AR [are] also becoming a major part of how some of these games are functioning for users and [how] users are interacting.". The SEC has charged 11 people in a $300 million global crypto scheme, LendUp is liquidating assets, including its neobank, The FDIC has had it with crypto companies' insurance claims, Roku warns investors: Its early 2020 all over again, Intel's data center chip sales slide amid bleak Q2 earnings results, What's in Joe Manchin and Chuck Schumer's clean tech deal, The credit card version of the Durbin amendment is coming, TikToks research concession is about the EU, not the US, FTC sues Meta over Supernatural, Within acquisition, announced its plans to acquire Within in October, FTC Chair Lina Khan told Protocol last month, Senate finally passes a $280 billion bill boosting chip manufacturing, which stalled in recent weeks amid disagreements, claiming it was applied unevenly across Google, Hulu's reversal on political issue ads opens a new can of worms, Kraken may face probe for letting Iran users trade crypto, Meta raises the price of its Quest VR headset, The SEC is probing whether Coinbase traded unregistered securities, charging a former Coinbase manager with insider trading, The Biden administration launches new extreme heat site, EU agrees to gas rationing as Russia cuts flow, A top bank regulator casts an eye on fintech, FTX pitches plan to get Voyager customers some of their money, dollar balances held in accounts on Voyager's behalf, Celebrity jet trackers are the new climate accountability tool, initially used available FAA information, TikTok parent ByteDance has a new VR headset, Ex-Coinbase employee charged with insider trading, Amazon is buying One Medical for around $3.9 billion, Neobank Varo is the latest fintech to cut jobs, Why AI and machine learning are drifting away from the cloud, Why Matthew Prince thinks AWS is Cloudflare's biggest security rival, Coinbase has little to lose in confronting the SEC, Chip shortage could undermine national security.