TMT

Wall Street ends lower as investors digest economic data

US producer prices increase in November Consumer sentiment improves in December Lululemon tumbles after downbeat forecast Indexes close: S&P 500 -0.73%, Nasdaq -0.70%, Dow -0.90% Dec 9 (Reuters) – Wall Street ended lower on Friday as investors assessed economic data and awaited a potential 50-basis point interest rate hike by the US Federal Reserve at …

Wall Street ends lower as investors digest economic data Read More »

Airtel is the only bidder in Nigeria’s second 5G licensing round

ABUJA, Dec 7 (Reuters) – Airtel Africa (AAF.L) emerged as the sole bidder for a 5G high-speed spectrum license in Nigeria’s second round of licensing after another company failed to pay a deposit to continue with the auction, the regulator said on Wednesday. The Nigerian Communications Commission (NCC) issued the country’s first 5G licenses to …

Airtel is the only bidder in Nigeria’s second 5G licensing round Read More »

Amazon shopping site back up after outage

Dec 7 (Reuters) – Amazon.com Inc (AMZN.O) said it has resolved an issue that prevented some users from accessing the shopping site on Wednesday. “We’re sorry that some customers may have temporarily experienced issues while shopping. We have resolved the issue,” a company spokesperson told Reuters, but did not provide any details on what caused …

Amazon shopping site back up after outage Read More »

Elon Musk briefly loses title as world’s richest person to LVMH’s Arnault – Forbes

Dec 7 (Reuters) – Twitter owner and Tesla (TSLA.O) boss Elon Musk briefly lost his title as the world’s richest person on Wednesday, according to Forbes, following a steep drop in the value of his stake in the electric-car maker and a $44 billion bet on the social media firm. Bernard Arnault, the chief executive …

Elon Musk briefly loses title as world’s richest person to LVMH’s Arnault – Forbes Read More »

Bankman-Fried, Ellison tap attorneys as FTX probes ramp up

NEW YORK, Dec 6 (Reuters) – FTX founder and former chief executive Sam Bankman-Fried and Caroline Ellison, head of its now-defunct trading affiliate, have tapped defense attorneys as US authorities probe the crypto exchange’s collapse, according to a spokesperson for Bankman-Fried and a source familiar with Ellison’s selection. Bankman-Fried has retained Mark S. Cohen, of …

Bankman-Fried, Ellison tap attorneys as FTX probes ramp up Read More »

Apple and Amazon resume advertising on Twitter, reports say

Dec 3 (Reuters) – Amazon.com Inc (AMZN.O) and Apple Inc (AAPL.O) are planning to resume advertising on Twitter, according to media reports on Saturday. The developments follow an email sent by Twitter on Thursday to advertising agencies offering advertisers incentives to increase their spending on the platform, an effort to jump-start its business after Elon …

Apple and Amazon resume advertising on Twitter, reports say Read More »

Bankman-Fried says he will testify before the US House committee

Dec 4 (Reuters) – FTX founder Sam Bankman-Fried tweeted on Sunday that he would testify before the House Financial Services Committee after he finished “learning and reviewing” the events that led to the spectacular collapse of his cryptocurrency exchange. The US House Financial Services Committee plans to hold a hearing in December to investigate the …

Bankman-Fried says he will testify before the US House committee Read More »

Foxconn sees COVID-hit China plant back at full output in late Dec-early Jan – source

TAIPEI, Dec 5 (Reuters) – Apple supplier Foxconn (2317.TW) expects its COVID-hit Zhengzhou plant in China to resume full production around late December to early January, a Foxconn source said on Monday, after worker unrest last month disrupted the world’s biggest iPhone factory. The Zhengzhou plant has been grappling with strict COVID-19 restrictions that have …

Foxconn sees COVID-hit China plant back at full output in late Dec-early Jan – source Read More »

Coinbase says Apple blocked its last app release on NFTs in wallet

Dec 1 (Reuters) – Coinbase Global Inc (COIN.O) said on Thursday customers using Apple Inc’s (AAPL.O) iOS will not be able to send non-fungible tokens (NFTs) on the cryptocurrency exchange’s wallet anymore. “Apple’s claim is that the gas fees required to send NFTs need to be paid through their In-App Purchase system, so that they …

Coinbase says Apple blocked its last app release on NFTs in wallet Read More »