Musk warns of Twitter bankruptcy as more CEOs resign

(Reuters) – New Twitter owner Elon Musk on Thursday raised the possibility of the social media platform’s bankruptcy, capping a chaotic day that included a warning from a US regulator and the departure of top executives seen as future leaders. The billionaire told Twitter employees in a phone call he couldn’t rule out bankruptcy, Bloomberg … Read more

As the yen drops, gadget-loving Japan turns to used iPhones

TOKYO (Reuters) – For years Japanese shoppers have been eagerly waiting for the latest hardware, but now a weaker yen has put new iPhones out of reach for some and sparked a growing second-hand trade in a key market for Apple Inc. (AAPL.O). The Japanese currency’s slide to a 32-year low against the dollar has … Read more

Dollar weather suspected yen intervention, China data mixed

https://tmsnrt.rs/2zpUAr4 The dollar was affected against the yen due to the suspected intervention of the Bank of Japan Asian stocks rise with Wall Street, major profits loom Chinese GDP beat expectations but retail sales disappoint Stg up a bit as Boris Johnson exits PM . race SYDNEY (Reuters) – The dollar escaped another suspected explosion … Read more

Xi Jinping has silver linings for the rest of the world

LONDON, Oct 17 (Reuters) – A third term for Xi Jinping could lead to a cold war, or even a hot war. But the prospect of the Chinese nationalist leader remaining in power, which the ruling Communist Party will almost certainly approve at its conference this week, isn’t all bad for the rest of the … Read more

Wall Street Week Ahead: As US Markets Swing, Some Commit to a Rare Winner in 2022: Energy Stocks

NEW YORK (Reuters) – Painful market volatility and attractive valuations have led some investors to maintain their upbeat views on energy stocks, one of the few bets that have thrived in an otherwise tough year. It’s not an easy call. The S&P 500 Energy Index has already risen about 46% this year, and monetary tightening … Read more

An asteroid’s path changed in NASA’s first test of a planetary defense system

Oct 11 (Reuters) – A NASA spacecraft that deliberately collided with an asteroid last month has successfully pushed a rocky moon from its normal trajectory to a faster orbit, the US space agency announced, the first time humanity has changed the motion of a celestial body. Tuesday. The $330 million proof-of-concept mission, which took seven … Read more

US aims to hamper China’s chip industry with sweeping new export rules

(Reuters) – The Biden administration on Friday published a comprehensive set of export controls, including a measure to isolate China from some semiconductor chips made anywhere in the world with U.S. equipment, dramatically expanding their reach in an effort to slow technology in Beijing. and military progress. The rules, some of which take effect immediately, … Read more

Wall Street records its third consecutive quarterly loss with rising inflation and a looming recession

S&P 500 records biggest September percentage drop in 20 years All three major US stock indexes have fallen in three quarters Core inflation data is hotter than expected Indices down: Dow 1.71%, S&P 1.51%, Nasdaq 1.51% NEW YORK (Reuters) – The Standard & Poor’s 500 Index on Friday closed its biggest September drop in two … Read more

Storm Fiona wreaks havoc on Canada’s east coast, wreaking ‘terrifying’ devastation

STEPHENVILLE, Newfoundland, Sept. 24 (Reuters) – Powerful storm Fiona swept through eastern Canada on Saturday with hurricane-force winds, forcing evacuations, knocking down trees and power lines, turning many homes on the coast into “just a pile of rubble in the area.” Ocean.” The US National Hurricane Center (NHC) said the storm’s center, which has been … Read more