(Reuters) – Elon Musk on Wednesday tweeted that the misunderstanding about Twitter potentially being removed from Apple Inc’s App Store was resolved following his meeting with the iPhone m[...]
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November 30, 2022
DoorDash cuts 1,250 jobs to control ballooning costs
By Granth Vanaik (Reuters) -DoorDash Inc 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 slowd[...]
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Fed officials do not see any near change to balance sheet drawdown
By Michael S. Derby NEW YORK (Reuters) – Top Federal Reserve officials are showing no appetite for slowing the pace of the central bank’s balance sheet reduction, pushing back on outside o[...]
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Bank of Korea ready to adjust tightening pace, hopes for peak rate near 3.5%
By Cynthia Kim SEOUL (Reuters) -South Korea’s central bank is ready to adjust its pace of policy tightening to achieve a soft landing in real estate and hopes the peak of its target rate in this[...]
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Salesforce’s co-CEO Taylor to leave as Benioff takes sole charge
By Tiyashi Datta (Reuters) -Salesforce Inc said on Wednesday that Bret Taylor would step down as co-chief executive officer in January and that co-founder Marc Benioff will become the sole CEO. The ne[...]
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J&J CEO Joaquin Duato to take additional role of Chairman
(Reuters) – Johnson & Johnson said on Wednesday its board has elected Chief Executive Officer Joaquin Duato to take on the additional role of Chairman, effective in January. Duato will succe[...]
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YouTube fixes issue after reported outages
(Reuters) – Alphabet Inc’s YouTube said it fixed an issue affecting the platform after it was down for thousands of users on Wednesday. “YouTube app on iOS devices should now be work[...]
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Tesla plans to ramp up Model Y production from Giga Texas in 2023 – Electrek
(Reuters) – Tesla Inc is planning to ramp up production of its Model Y cars from Gigafactory Texas next year, Electrek reported on Wednesday. The electric-vehicle manufacturer is currently prepa[...]
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Stocks rally, yields and dollar fall as Powell signals slower hikes
By Sinéad Carew NEW YORK (Reuters) – Wall Street equities closed sharply higher on Wednesday while U.S. Treasury yields declined and the dollar sank after Federal Reserve Chair Jerome Powell sai[...]
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