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Semafor Business: Ex-CrowdStrike employees detail rising technical errors before July outage
In today’s edition, we have a scoop on former company staffers saying they raised concerns about quality and training for more than a year before the July outage.
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ECB cuts interest rates for second time in three months
Christine Lagarde said that while the eurozone still faces some “headwinds,” it will “strengthen over time.”
Jana Rodenbusch/Reuters
CrowdStrike ex-employees: ‘Quality control was not part of our process’
Former company staffers said they raised concerns about quality and training for more than a year before the July outage.
Jelena Lugonja/Semafor
Can the US win over Google in court?
Semafor caught up with two former US government antitrust cops who disagree about the strength of the government’s case.
Annegret Hilse/File Photo/Reuters
China’s deflation risk rises as Beijing struggles to spark consumer confidence
The potential for deflation in China could affect prices across the globe, but the likely impact remains unclear.
China Daily via Reuters
Semaforum: Kate Conger and Ryan Mac
The two New York Times tech reporters discuss their book on Twitter under Elon Musk.
Mark Cuban is Kamala Harris’ on-call billionaire. What’s he after?
The Shark Tank star and former Dallas Mavericks owner once talked with No Labels about a third-party run. These days, he’s in the KHive.
Gage Skidmore/Creative Commons
August jobs report is weaker than expected
Hiring missed expectations in August, but unemployment edged down from the previous month.
Mexico’s controversial judicial reform bill clears key hurdle
The Chamber of Deputies, which favors Mexico’s ruling party, overwhelmingly approved the bill, despite protesters saying it is anti-democratic.
Ex-Obama economic adviser Jason Furman on the one number the world is waiting for
Friday’s jobs report will determine whether, and by how much, the Federal Reserve cuts interest rates later this month.
Biden to block Nippon Steel acquisition of US Steel
The potential sale of US Steel has become a political flashpoint ahead of America’s November election.
China pledges to boost Nigeria investment after leaders meet in Beijing
China pledged to bolster Nigeria’s economy and allow Chinese investment in its energy and mineral resources.
Japan’s stock market slides in reaction to Wall Street tumble
Japan’s Nikkei share average dropped after US stocks fell over fears of an economic slowdown.
US Justice Department ramps up pressure on Nvidia as stock slumps
The US Department of Justice is probing the chipmaker on suspicions of antitrust violations following complaints from rivals.
A conscious uncoupling on Wall Street
TPG quietly sold its stake in former credit arm Sixth Street for about $1 billion.
White US egg donors paid up to eight times more than Black donors, study finds
A new book raises troubling questions about eugenics in the US’ booming egg donation industry.
Indian regulators approve Disney-Reliance merger to create streaming giant
The merger will create an Indian streaming giant, in a blow to competitors such as Netflix and Amazon.
Disney-Reliance merger approved
The deal means Asia’s richest man Mukesh Ambani will control just under a third of India’s streaming services.
Nvidia’s revenue forecast beats expectations
Chipmaker crucial to AI boom has now topped Wall Street’s sales expectations for eight straight quarters.