Business

Elon Musk says there are three issues to fix before the Twitter deal closes

In this photo illustration, Elon Musk’s Twitter account can be seen on the screen of a smartphone and the Twitter logo in the background. Pavlo Gonchar | Light rocket | Getty Images Elon Musk says there are three key hurdles to overcome before making his purchase of Twitter† Musk wants to buy Twitter for $44 …

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Largest railway strike in 30 years brings UK to a standstill

More than 40,000 railway workers go on strike Government under pressure due to cost of living crisis Unions say strike could start ‘summer of discontent’ LONDON, June 21 (Reuters) – Britain’s largest railway strike in 30 years began on Tuesday, as tens of thousands of staff walked out in a wage and job dispute that …

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Stock Futures, Bitcoin Leap After S&P 500’s Worst Week In Two Years

US stock futures rose, offering investors a reprieve from a recent piece of whip trading that had plunged stocks and cryptocurrencies† Futures for the S&P 500 gained 1.8% on Tuesday, while those for the Dow Jones Industrial Average gained 1.7%. Contracts for the Nasdaq-100 were up 1.9%. The US stock market was closed on Mondays …

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Two former Tesla employees have filed a lawsuit against the company alleging the mass layoffs violate federal law

Tesla CEO Elon Musk.Maja Hitij/Getty Images Two former Tesla employees have filed a lawsuit against Tesla, alleging the mass layoffs violate federal law. In early June, CEO Elon Musk said Tesla should cut 10% of its workforce, according to Reuters. The two former employees want to claim 60 days of pay and benefits. In a …

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US sanctions help China boost its chip manufacturing industry

(Bloomberg) — China’s chip industry is growing faster than anywhere else in the world after US sanctions against local champions of Huawei Technologies Co. until Hikvision fueled the hunger for homegrown components. Most read by Bloomberg Nineteen of the world’s 20 fastest-growing companies in the chip industry in the past four quarters come from the …

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Crypto’s latest meltdown leaves gamblers bruised and stunned

LONDON/MUMBAI/ANKARA, June 21 (Reuters) – For Jeremy Fong, US cryptocurrency lender Celsius was an ideal place to store his digital currency holdings – and earn some pocket money along the way with double-digit interest rates. “I was probably making $100 a week,” Fong, a 29-year-old civil aviation worker who lives in the central English city …

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Bitcoin bottom finally in? Trader who predicted the May 2021 crash looks at BTC’s state

The closely followed crypto strategist who nailed Bitcoin’s May 2021 collapse is examining the state of BTC to determine if the macro bottom is looming for the leading digital asset. Pseudonymous analyst Dave the Wave tells his 117,000 Twitter followers that Bitcoin’s recent corrective move below $20,000 is reminiscent of BTC’s bear market capitulation in …

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European equities rise, dollar falls as market sell-off pauses

2/2 © Reuters. FILE PHOTO: A man wearing a protective mask amid the COVID-19 outbreak is reflected on an electronic board showing stock quotes outside a brokerage in Tokyo, Japan, Sept. 21, 2021. REUTERS/Kim Kyung-Hoon 2/2 By Elizabeth Howcroft LONDON (Reuters) – European equities opened higher on Tuesday, rebounding slightly from last week’s 17-month lows …

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