US Business

Memory chips provide a key barometer of health for the semiconductor industry, which is reckoning with a sudden shift from pandemic strength to an abrupt drop-off in demand.

Under the new rules, chip manufacturers must obtain a license from the Commerce Department to export advanced semiconductors and chip-making equipment.

The auto makers are in talks to restructure the partnership, which is more than two decades old, and aim to announce a deal as early as November.

From Amazon to HBO Max, entertainment companies are exploring discounted packages and partnerships with rivals; “the great rebundling.”

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

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.

The company cites a weaker-than-expected PC market and “significant inventory correction actions across the PC supply chain.”

The Beijing-based social-media giant saw its operating losses more than triple last year to above $7 billion as it spent heavily to continue its torrid growth.

The London-based company said it expects its third-quarter earnings to be hit by lower refining margins along with “significantly lower” profit from trading gas, as a global scramble for energy supplies riles markets.

The billionaire and the social-media platform are hashing out conditions tied to financing and dropping litigation over the stalled takeover.