Mars, birth rates, but no Twitter: Elon Musk captivates Sun Valley moguls

Mars, birth rates, but no Twitter: Elon Musk captivates Sun Valley moguls

SpaceX owner and Tesla CEO Elon Musk speaks at the E3 gaming convention in Los Angeles, California, US, June 13, 2019. REUTERS/Mike Blake/ Register now for FREE unlimited access to Reuters.com Register July 9 (Reuters) – Elon Musk avoided discussing the collapsed Twitter deal, only repeating allegations of fake account issues at the social media … Read more

Twitter vows legal fight after Musk pulls out of $44 billion deal

Twitter vows legal fight after Musk pulls out of $44 billion deal

July 8 (Reuters) – Elon Musk, the chief executive officer of Tesla (TSLA.O) and the world’s richest person, said on Friday he was terminating his $44 billion deal to buy Twitter (TWTR.N) because the social media company had breached multiple provisions of the merger agreement. Twitter’s chairman, Bret Taylor, said on the micro-blogging platform that … Read more

Cryptoverse: The bonfire of the NFTs

Cryptoverse: The bonfire of the NFTs

July 5 (Reuters) – The NFT dream isn’t dead, but it’s taken a big non-fungible beating. The market shone gloriously last year as crypto-rich speculators spent billions of dollars on the risky assets, pumping up prices and profits. Now, six months into 2022, it’s looking ugly. Monthly sales volume on the largest NFT marketplace, OpenSea, … Read more

Wall Street ends first day of third quarter with solid rebound

Wall Street ends first day of third quarter with solid rebound

US factory activity decelerates more than expected in June Micron’s downbeat forecast prompts chip sell-off Kohl’s tumbles after calling off sale to Franchise Group Indexes up: Dow 1.05%, S&P 1.06%, Nasdaq 0.90% NEW YORK, July 1 (Reuters) – Wall Street bounced back to a sharply higher close in light trading on Friday as investors embarked … Read more

Factbox: Ambani children at center of leadership change at India’s Reliance

Factbox: Ambani children at center of leadership change at India's Reliance

(LR) Radhika Merchant, Anant Ambani, Nita Ambani, Akash Ambani, Isha Piramal, Anand Piramal and Mukesh Ambani, the Chairman of Reliance Industries, poses during a photo opportunity at the wedding ceremony of Akash, at Bandra-Kurla Complex in Mumbai, India, March 9, 2019. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register MUMBAI, June 29 … Read more

S&P 500 limps to slightly lower close as quarter-end looms

S&P 500 limps to slightly lower close as quarter-end looms

US economy contracted in Q1; consumer spending revised lower General Mills rises as sales beat on higher prices Bed Bath & Beyond replaces CEO, shares tumble Dow up 0.27%, S&P down 0.07%, Nasdaq off 0.03% NEW YORK, June 29 (Reuters) – The S&P 500 ended a seesaw session slightly down on Wednesday as investors staggered … Read more

Cryptoverse: Ether holds its breath for the lean, mean ‘merge’

Crypto industry fears contagion as bitcoin slips under $20,000

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register June 28 (Reuters) – Investors in ether and its troubled twin stETH are nervously anticipating a crypto milestone: The merge. … Read more

US tech industry frets about handing data to states prosecuting abortion

US tech industry frets about handing data to states prosecuting abortion

PALO ALTO, Calif., June 24 (Reuters) – The technology industry is bracing for the uncomfortable possibility of having to hand over pregnancy-related data to law enforcement, in the wake of the US Supreme Court’s decision on Friday to overturn the Roe v . Wade precedent that for decades guaranteed a woman’s constitutional right to an … Read more

Disney, other US companies offer abortion travel benefit after Roe decision

Disney, other US companies offer abortion travel benefit after Roe decision

NEW YORK, June 24 (Reuters) – US companies including Walt Disney Co (DIS.N) and Facebook parent Meta Platforms Inc (META.O) said on Friday they will cover employees’ expenses if they have to travel for abortion services after the US Supreme Court overturned Roe v Wade. The US Supreme Court on Friday overturned the landmark 1973 … Read more

Anticipating US downturn, Elon Musk details Tesla staff cuts

Anticipating US downturn, Elon Musk details Tesla staff cuts

DOHA, June 21 (Reuters) – Elon Musk, CEO of Tesla (TSLA.O), said a 10% cut in salaried staff at the electric car maker will happen over three months, as the world’s richest man predicted a US recession was more likely than not. His remarks were his most detailed explanation of job cut plans and his … Read more