SWIT

S&P 500 closes as Apple drops and traders watch Powell’s speech

Investors look to Powell’s speech for interest rate clues US consumer confidence drops in November S&P 500 -0.16%, Nasdaq -0.59%, Dow Jones +0.01% Nov 29 (Reuters) – The S&P 500 closed lower on Tuesday, with losses at Apple and Amazon ahead of an upcoming speech by U.S. Federal Reserve Chairman Jerome Powell that could give …

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Crypto lender BlockFi files for bankruptcy, cites exposure to FTX

Filing follows weeks after FTX collapse FTX listed as BlockFi’s #2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy, it said on Monday, the latest crypto casualty after the firm was hurt by exposure to the dramatic collapse of the FTX exchange …

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Elon Musk says Twitter’s verified service with colors will start next week

Nov 25 (Reuters) – Twitter Inc plans to roll out its verified service next Friday with checks in different colors for individuals, businesses and governments, after a botched initial launch led to a surge in users getting impersonate celebrities and brands on the platform. On Friday, Chief Executive Elon Musk assigned colors to the categories …

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FTC likely to file lawsuit to block Microsoft bid for Activision -Politico

Nov 23 (Reuters) – The U.S. Federal Trade Commission (FTC) is likely to file an antitrust lawsuit to block Microsoft Corp’s (MSFT.O) $69 billion takeover bid for video game publisher Activision Blizzard Inc (ATVI.O), Politico reported on Wednesday, citing people familiar with the matter. A lawsuit challenging the deal is not guaranteed, and the FTC’s …

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Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest

Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over wages and conditions Apple says it has a team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday that a payroll-related “technical error” occurred when hiring new hires at a coronavirus-hit iPhone …

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Sony to expand Chinese game incubator in Microsoft head-to-head

HONG KONG, Nov 23 (Reuters) – Sony Group Corp (6758.T) said it plans to expand a program to identify and incubate Chinese-made games, in a race with Microsoft Corp (MSFT.O) to tap China’s gaming market. The program will invest more than 1 million yuan ($140,080) in each game it enrolls, and will not only fund …

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Men wielding batons smash surveillance cameras at iPhone factory in China

SHANGHAI, Nov 23 (Reuters) – Men wielding batons smashed surveillance cameras and windows at a huge campus owned by Apple (AAPL.O) supplier Foxconn (2317.TW) in the Chinese city of Zhengzhou, scenes broadcast live on Kuaishou’s short video platform shown on Wednesday. Hundreds of workers demonstrated on campus, home to the world’s largest iPhone factory, where …

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Musk tells Twitter not to restart blue check verification

Nov 21 (Reuters) – Twitter’s new owner Elon Musk said on Monday the social media company was pausing the relaunch of its blue check subscription service, a delay from its original tentative schedule to bring the service back on the platform. “Withholding Blue Verified relaunch until there is high confidence in stopping spoofing,” Musk said …

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