Wall Street ends as two-day rally slumps on data, Fed message

Stocks rise late in the day in oversold conditions US private sector payroll rises in September – ADP Twitter drops from 1-year high to all-time high, Tesla drops 6% Energy stocks jump as OPEC+ agrees to cut oil production The indices fall: Dow down 0.14%, S&P 0.20%, Nasdaq 0.25% Oct 5 (Reuters) – Shares on … Read more

Musk and Twitter could reach an agreement to end the legal battle as early as Wednesday – source

WILMINGTON, Delaware, Oct 5 (Reuters) – Elon Musk and Twitter Inc (TWTR.N) could reach an agreement to end their litigation as early as Wednesday and pave the way for the world’s richest person to close his deal. $44 billion for the social media platform, a source familiar with the dispute told Reuters. Chancellor Kathaleen McCormick, … Read more

Banks Funding Musk’s Twitter Deal Face Heavy Losses

Oct 5 (Reuters) – Elon Musk’s U-turn on buying Twitter Inc could not have come at a worse time for the banks funding much of the $44 billion deal and they could face significant losses. As with any major acquisition, the banks would seek to sell the debt to get it off their books. But … Read more

Meta Board Approves Personal Security of Outgoing Executive Sheryl Sandberg

Sep 30 (Reuters) – Meta Platforms Inc said on Friday its board had approved the provision of personal security services to former chief operating officer Sheryl Sandberg, citing “continuing threats to his safety”. The company, however, did not specify what threats Sandberg, one of Silicon Valley’s most powerful women, faces. He plans to continue paying … Read more

Wall St posts third straight quarterly loss as inflation weighs and recession looms

S&P 500 posts biggest September percentage decline in 20 years All three major U.S. stock indexes post three-quarter declines Core inflation data is warmer than expected Indices down: Dow 1.71%, S&P 1.51%, Nasdaq 1.51% NEW YORK, Sept 30 (Reuters) – The S&P 500 closed its biggest September decline in two decades on Friday, skidding across … Read more

Exclusive: Brands blast Twitter for ads next to child porn accounts

Sept 28 (Reuters) – Some major advertisers, including Dyson, Mazda, Forbes and PBS Kids, have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets soliciting child pornography, the companies told Reuters. DIRECTV and Thoughtworks also told Reuters on Wednesday evening that they had suspended advertising on … Read more

Russia asks Apple to explain the removal of VK from the App Store

This content was produced in Russia, where law restricts coverage of Russian military operations in Ukraine. MOSCOW, Sept 28 (Reuters) – Russia’s communications regulator on Wednesday demanded an explanation from Apple (AAPL.O) after apps operated by Russian tech company VK (VKCOq.L) were removed from the Apple App Store. American society. The regulator, Roskomnadzor, has been … Read more

Meta says it is suppressing China-based propaganda operation targeting US midterms

Sep 27 (Reuters) – Meta Platforms (META.O) said on Tuesday it had halted the first known China-based influence operation focused on targeting users in the United States with political content ahead of the midterm elections in november. The network maintained fake accounts on Meta’s social media platforms Facebook and Instagram, as well as rival service … Read more

Cryptoverse: Bitcoin miners find themselves stuck in a bear pit

A bitcoin representation is seen in an illustrative photo taken at the Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier Join now for FREE unlimited access to Reuters.com Register Sep 27 (Reuters) – Spare a thought for the embattled bitcoin miner. By the end of 2021, miners were the toast of the … Read more

Twitter will interview Elon Musk, known for his combative testimonies

WILMINGTON, Del., Sept 26 (Reuters) – Billionaire Elon Musk’s tendency to slur while being questioned under oath will be tested again this week, when lawyers for Twitter Inc (TWTR.N) are set to interview Tesla Inc ( TSLA .O) CEO on his abrupt decision in July to drop his $44 billion contract for the social media … Read more