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WSJ Tech News Briefing

TNB Tech Minute: Tesla Halts Production in Europe After Shipping Delays

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.31.7K Ratings

🗓️ 12 January 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: Crypto brokerage firm Genesis Global Trading has agreed to pay $8 million to settle with New York financial regulator. And customers of financial software provider Carta are reaching out to its competitors. Alex Ossola hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Tn B. Tech Minute gives you the day's top tech headlines, from the big names in Silicon Valley to the

0:05.9

halls of power. If it's making news in tech, we've got it. Check out Tn B. Tech Minute in the

0:11.4

tech news briefing feed from the Wall Street Journal.

0:14.0

Here's your Tn B Tech Minute for Friday, January 12th.

0:20.0

I'm Alex Oscela for the Wall Street Journal.

0:23.0

Tesla plans to halt production at its only large factory in Europe for two weeks because of a lack of parts.

0:29.0

Huti fighters have launched a series of attacks on commercial ships in the Red Sea, disrupting

0:34.2

trade between Asia and Europe.

0:36.6

In response, a U.S. led coalition launched more than a dozen strikes on Huti rebel

0:41.0

targets in Yemen.

0:42.6

To avoid the area, shipping companies have routed containerships around the Horn of Africa,

0:47.3

leading to higher costs and weeks-long delays.

0:50.2

In a statement, Tesla blamed longer transportation times for the gap in its supply chain.

0:55.6

crypto brokerage firm Genesis Global Trading has agreed to pay $8 million in a settlement with

1:00.7

New York State's financial regulator over alleged failings in its anti-money

1:04.9

laundering and cybersecurity programs.

1:07.3

Genesis Global Trading closed its U.S. spot crypto trading operations in September and is in the process of winding down.

1:14.2

As part of the settlement, the trading unit will surrender the license that allowed it to operate

1:18.2

a crypto business in New York, the regulator said in a statement. And Carter, a financial software provider for many Silicon Valley startups,

1:27.0

said it was closing its secondary trading division following criticism that it

1:33.0

is improperly accessed client data. That's prompting customers to reach out to Cardiff

1:35.0

about moving their business.

...

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