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Dec 1 (Reuters) – Florida’s Chief Financial Officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc (BLK.N), the biggest such divestment by a state opposed to the asset manager’s environmental, social and corporate governance (ESG) policies. While the move will hardly dent BlackRock’s $8 trillion in …
Florida pulls $2 bln from BlackRock in largest anti-ESG divestment Read More »
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Nov 30 (Reuters) – Elon Musk said on Wednesday he expects a wireless brain chip developed by his company Neuralink to begin human clinical trials in six months, after the company missed earlier timelines set by him. The company is developing brain chip interfaces that it says could help disabled patients to move and communicate …
Elon Musk expects Neuralink’s brain chip to begin human trials in 6 months Read More »
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NEW YORK, Nov 30 (Reuters) – Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestions of fraud in his first public appearance since his company’s collapse stunned investors and left creditors facing losses totaling billions of dollars. Speaking via video link at the New York Times’ …
Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’ Read More »
Nov 30 (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said it was time to slow the pace of coming interest rate hikes while also signaling a protracted economic adjustment to a world where borrowing costs will remain high, inflation comes down slowly and the United States remains chronically short of workers. In an …
Fed’s Powell: Rate hikes to slow, but adjustment just beginning Read More »
Nov 30 (Reuters) – DoorDash Inc (DASH.N) said on Wednesday it was cutting about 1,250 jobs, or 6% of its total workforce, as the food-delivery company looks to keep a lid on costs to cope with a slowdown in demand. DoorDash, went on a hiring spree to cater to a flood of orders from people …
DoorDash cuts 1,250 jobs to control ballooning costs Read More »
Tesla up as sales in China nearly double in November – data Fed Chair Powell’s speech at 1330 ET (1830 GMT) US private payrolls growth slows in November – ADP Dow down 0.47%, S&P off 0.13%, Nasdaq up 0.26% Nov 30 (Reuters) – Wall Street was mixed on Wednesday, with the Dow and S&P 500 …
Dow dips ahead of Powell speech; Nasdaq kept afloat by growth stocks Read More »
LONDON, Nov 29 (Reuters) – Elon Musk’s declaration of war on Apple (AAPL.O) in a series of tweets on Monday gives Spotify and Fortnite maker Epic Games a powerful ally in taking the tech giant to task over its 30% App Store fees. Musk reported the fee Apple charges software developers for in-app purchases, and …
Spotify, Epic Games get ally in Musk in fight against Apple fees Read More »
Investors look to Powell speech for interest rate clues US consumer confidence slips in November S&P 500 -0.16%, Nasdaq -0.59%, Dow +0.01% Nov 29 (Reuters) – The S&P 500 ended down on Tuesday, with losses in Apple and Amazon ahead of an upcoming speech by US Federal Reserve Chair Jerome Powell that could provide hints …
S&P 500 ends down as Apple dips and traders eye Powell speech Read More »
Deal comes amid pressure from Chinese shareholder Analysts hail ‘sensible’ transaction Bank could return deal proceeds to shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its business in Canada to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion) in cash, paving the way for a potential bumper payout …
HSBC eyes bumper dividend from $10 bln sale of Canada unit to RBC Read More »
Nov 28 (Reuters) – Bitfront, a US crypto exchange backed by Japanese social media firm Line Corp, said it has suspended new sign-ups and credit card payments and will cease operations in a few months despite efforts to overcome challenges in the rapidly evolving industry “However, despite our efforts … we have regretfully determined that …