Wall Street closes with net gains at the start of the last quarter

US factory activity slowest in ~2.5 years in September -ISM Credit Suisse and Citi cut their 2022 year-end target for the S&P 500 Dow, S&P 500, Nasdaq up Oct 3 (Reuters) – Wall Street stocks closed strong on Monday at the start of the final quarter of a tumultuous year with interest rate hikes amid … 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

Elon Musk set to introduce Tesla’s humanoid robot after delay

SAN FRANCISCO, Sept 30 (Reuters) – Tesla (TSLA.O) CEO Elon Musk has said a robot company will be worth more than its cars, and on Friday investors, customers and would-be workers swarmed expect to see a prototype on Tesla’s “AI Day”. which could prove whether the bot named “Optimus” is ready to run. The robot … 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

Porsche debuts with $72 billion price tag in bumper IPO

FRANKFURT, Sept 29 (Reuters) – Porsche AG made its stock market debut on Thursday, pricing around 75 billion euros ($72.45 billion) after Volkswagen (VOWG_p.DE) priced the stocks at the high end of the range, braving market turbulence. The IPO, which is expected to raise around 19.5 billion euros ($19.0 billion), comes as instability in European … 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

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