SWIT

Fired Twitter workers can’t pursue claims through class-judge action

Jan 14 (Reuters) – Twitter Inc has won a ruling allowing the social media company to force several dismissed workers pursuing their dismissals to pursue their claims through individual arbitration rather than a class action. U.S. District Judge James Donato ruled on Friday that five former Twitter employees suing a proposed class action lawsuit accusing …

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China acquires ‘preferred shares’ in two Alibaba units

BEIJING, China, Jan 13 (Reuters) – China has acquired minority stakes with special rights in two domestic units of tech giant Alibaba Group Holding Ltd (9988.HK), according to company registration records, so that Beijing is extending its campaign to tighten control over the Internet. contents. Beijing has taken “preferred shares” in private online media and …

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TSMC cuts investment in 2023 after record fourth quarter as chip demand weakens

Q4 profit of T$295.9 billion vs. T$289.44 billion, analysts say Fourth-quarter revenue up 26.7% year-on-year to $19.93 billion Sees 2023 investments at $32-36 billion from $36.3 billion the previous year The company plans to increase its production abroad TAIPEI, Jan 12 (Reuters) – Taiwanese chipmaker TSMC (2330.TW) warned on Thursday that first-quarter revenue would fall …

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Wall St ends sharply higher on optimism ahead of key inflation report

CPI report expected on Thursday before the bell Bed, Bath & Beyond Extends Recent Gains Indices: Dow up 0.8%, S&P 500 up 1.3%, Nasdaq up 1.8% NEW YORK, Jan 11 (Reuters) – U.S. stocks ended sharply higher on Wednesday, with the S&P 500 and Nasdaq each gaining more than 1% as investors were bullish ahead …

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Microsoft in talks to invest $10 billion in ChatGPT owner -Semafor

Jan 9 (Reuters) – Microsoft Corp (MSFT.O) is in talks to invest $10 billion in OpenAI, the owner of ChatGPT, which will value the San Francisco-based company at $29 billion, Semafor reported on Monday, citing people familiar with the matter. The funding includes other venture capitalists and deal documents have been sent to potential investors …

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Shares of ant-related companies rise after news of Jack Mac’s divestment; Alibaba jumps

Jan 9 (Reuters) – Shares of listed Chinese companies that count Ant Group as a major shareholder rose on Monday after news broke that Ant founder Jack Ma was relinquishing control of the fintech giant following a an overhaul. Hong Kong-listed shares of Ma’s Alibaba (9988.HK) jumped 7%. Shares of Longshine Technology Group Co Ltd …

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Samsung’s quarterly profit plunges to 8-year low as demand slumps

Customers spooked by sentiment, spending squeezed Lowest profit since Q3 2014 Samsung’s first-quarter profit likely to show another slump, analysts say Shares up 1.4%, outperforming the broader market SEOUL, Jan 6 (Reuters) – Samsung Electronics Co Ltd (005930.KS) said on Friday its quarterly profit fell by two-thirds to its lowest level in eight years as …

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Dell plans to phase out chips made in China by 2024 – Nikkei

Jan 5 (Reuters) – Dell Technologies Inc (DELL.N) plans to stop using chips made in China by 2024 and has asked its suppliers to reduce the amount of other Chinese-made components in its products by because of concerns about tensions between the United States and Beijing. , the Nikkei reported on Thursday. The news comes …

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Exclusive: Former FTX Top Lawyer Helped US Authorities in Bankman-Fried Case

Jan 5 (Reuters) – Former FTX top lawyer Daniel Friedberg cooperated with U.S. prosecutors as they investigate the crypto firm’s collapse, a source familiar with the matter said, adding pressure about founder Sam Bankman-Fried who was arrested for criminal fraud last month. Friedberg gave details about FTX in a Nov. 22 meeting with two dozen …

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Tesla shares suffer from New Year’s hangover over demand worries and delivery issues

The stock is the first loser in the S&P 500 on the first trading day of 2023 Selloff removes $50 billion from market capitalization Tesla misses fourth-quarter vehicle delivery estimate The electric vehicle company is still the world’s most valuable automaker Jan 3 (Reuters) – Shares of Tesla Inc (TSLA.O) started 2023 with a thud, …

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