company

Barclays has been fined $361 million for a fatal mistake

Sept 30 (Reuters) – Britain’s Barclays (Barclays) agreed a $361 million penalty with U.S. regulators on Thursday for “spectacular” failures that led to the sale of $17.7 billion worth of structured products, raising costs for a critical error. First year CEO CS Venkatakrishnan. The bank said after the London market closed on Friday that its …

Barclays has been fined $361 million for a fatal mistake Read More »

Elon Musk prepares to showcase Tesla’s human-like robot after delay

Tesla’s (TSLA.O) CEO Elon Musk said the robot’s business will be more valuable than its cars, and potential investors, customers and workers expect to see a prototype at “Tesla AI Day” on Friday. This could prove if the robot called ‘Optimus’ is ready to go. The robot will be the star of the AI ​​show, …

Elon Musk prepares to showcase Tesla’s human-like robot after delay Read More »

Oil settles lower after hitting $90 a barrel as OPEC+ considers production cuts

OPEC+ starts talks on production cuts at Oct 5th meeting – OPEC source Russia proposes that OPEC + cut production by one million barrels per day – source US markets are dragged down by the Fed’s aggressive moves to tame inflation US production resumes after being halted due to Hurricane Ian NEW YORK (Reuters) – …

Oil settles lower after hitting $90 a barrel as OPEC+ considers production cuts Read More »

EXCLUSIVE: Brands post ads on Twitter next to child pornography accounts

Sept 28 (Reuters) – Some major advertisers including Dyson, Mazda, Forbes and PBS Kids have halted their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets urging child pornography, the companies told Reuters. DIRECTV and Thoughtworks told Reuters late Wednesday that they have paused their ads on Twitter. …

EXCLUSIVE: Brands post ads on Twitter next to child pornography accounts Read More »

S&P 500 drops to two-year low as bear market deepens

The Standard & Poor’s 500 hit its lowest level since November 2020 Utilities and consumer discretionary sectors lead to decline Investors are concerned about shrinking corporate earnings growth Indices: Dow -0.74%, S&P 500 -0.57%, Nasdaq -0.24% (Reuters) – Wall Street sank deeper into a bear market on Tuesday, with the S&P 500 hitting a two-year …

S&P 500 drops to two-year low as bear market deepens Read More »

Exclusive: India’s push for home-made navigation has shaken smartphone giants

India wants a homegrown GPS competitor in smartphones; Industry concerns costs Smartphone players want to postpone the deadline in New Delhi to January 2023 Others say the Indian system needs resources to change hardware Strengthening local order is part of Modi’s campaign for self-reliance NEW DELHI (Reuters) – India is pushing tech giants to make …

Exclusive: India’s push for home-made navigation has shaken smartphone giants Read More »