Foxconn unrest risks iPhone shipments, weighs on Apple shares

Foxconn Zhengzhou plans Nov shipments to fall further – source Worker unhappiness at plant escalated into protests this week Over 20,000 workers, mostly new recruits, have left – source TAIPEI, Nov 25 (Reuters) – Foxconn’s (2317.TW) flagship iPhone plan in China is set to see a further reduction in November shipments after the latest bout … Read more

Musk warns of Twitter bankruptcy as more senior executives quit

Nov 10 (Reuters) – Twitter’s new owner Elon Musk on Thursday raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a US regulator and departures of senior executives viewed as future leaders. The billionaire told Twitter employees on a call that he could not rule … Read more

US stocks end higher, Meta jumps as investors eye midterms

Meta Platforms rallies after report of job cuts Apple slips as COVID-19 curbs crimp iPhone production in China Indexes close: S&P 500 +0.96%, Nasdaq +0.85%, Dow +1.31% Nov 7 (Reuters) – Wall Street ended sharply higher Monday as investors focused on Tuesday’s midterm elections that will determine control of Congress, while shares of Meta Platforms … Read more

Twitter lays off staff as Musk blames activists for ‘massive’ ad revenue drop

Musk looking to ax around half of Twitter’s workforce Employees file class action against Twitter Staff lose access to systems Volkswagen pulls ads Nov 4 (Reuters) – Twitter Inc started a major round of layoffs on Friday, alerting employees of their job status by email after barring the entrances to offices and cutting off workers’ … Read more

Exclusive: Twitter is losing its most active users, internal documents show

Oct 25 (Reuters) – “Is Twitter dying?” billionaire Elon Musk mused in April, five days before offering to buy the social media platform. The reality, according to internal Twitter (TWTR.N) research seen by Reuters, goes far beyond the handful of examples of celebrities ghosting their own accounts. Twitter is struggling to keep its most active … Read more

Adidas ends Kanye West partnership over anti-Semitism, hate speech

Adidas ends partnership immediately To take ~$250 mln hit to 2022 net income Adidas sole owner of design rights Oct 25 (Reuters) – Adidas AG (ADSGn.DE) is immediately terminating its partnership with Kanye West, the sporting goods maker said on Tuesday, reacting to a rash of offensive behavior from the American rapper and designer. The … Read more

S&P 500 falls to two-year low, bear market rally snuffed out

Sept 27 (Reuters) – The S&P 500 (.SPX) fell to its lowest level in almost two years on Tuesday on worries about super aggressive Federal Reserve policy tightening, trading under its June trough and leaving investors appraising how much further stocks would have to fall before stabilizing. Stocks have been under pressure since late August … Read more

Wall St closes down for 3rd straight session on Fed rate hike worry

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S. August 29, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com register Best Buy sales beat estimates as discounts track demand Jobs openings in July rise sharply All 11 S&P sectors lower Aug 30 (Reuters) … Read more

Musk’s tweet about buying Manchester United no joke for fed-up fans

Aug 17 (Reuters) – Elon Musk, the world’s richest person, briefly lifted the gloom over Manchester United’s (MANU.N) shares and fans on Wednesday by saying he was buying the English soccer club – only to say a little later it was all part of “a long-running joke”. One of the world’s most successful soccer clubs, … Read more

Five Chinese state-owned companies, under scrutiny in US, will delist from NYSE

SHANGHAI/HONG KONG/NEW YORK, Aug 12 (Reuters) – Five US-listed Chinese state-owned companies whose audits are under scrutiny by the US securities regulator said on Friday they would voluntarily delist from the New York Stock Exchange. Oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and a separate … Read more