FTX collapse being scrutinized by Bahamas investigators

FTX collapse being scrutinized by Bahamas investigators

Nov 13 (Reuters) – The collapse of FTX is the subject of scrutiny from investigators in the Bahamas, who are looking at whether any “criminal misconduct occurred,” the Royal Bahamas Police said on Sunday. FTX filed for bankruptcy on Friday, one of the highest profile crypto blowups, after traders rushed to withdraw $6 billion from … Read more

Musk sells Tesla shares worth $3.95 bln days after Twitter takeover

Musk sells Tesla shares worth .95 bln days after Twitter takeover

Nov 8 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk has sold 19.5 million shares of the electric vehicle maker worth $3.95 billion on Tuesday, according to US securities filings, days after he completed the $44 billion takeover of Twitter Inc. Musk, the world’s richest man, had about $20 billion in cash after … Read more

Buffett’s Berkshire loses money as stocks, Hurricane Ian offset rising demand

Buffett’s Berkshire loses money as stocks, Hurricane Ian offset rising demand

Nov 5 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Saturday posted a $2.69 billion third-quarter loss as rising inflation, falling stock investments and a big loss from Hurricane Ian offset improvement in many of the conglomerate’s businesses. Operating profit nevertheless rose by 20%, topping analyst forecasts. Berkshire benefited from increased demand and prices … Read more

Wall St loses over $200 billion in value after report from Amazon

Wall St loses over 0 billion in value after report from Amazon

Oct 27 (Reuters) – Over $200 billion in US stock market value went up in smoke in extended trade on Thursday, after a weak forecast from Amazon (AMZN.O) added to a string of downbeat quarterly reports from Big Tech companies. Amazon’s stock tumbled 17% after the bell, wiping out $190 billion in market capitalization after … Read more

US Speaker Pelosi’s husband sold Nvidia, Micron options at a loss

US Speaker Pelosi’s husband sold Nvidia, Micron options at a loss

Oct 17 (Reuters) – US House Speaker Nancy Pelosi’s husband sold call options in chipmakers Micron Technology (MU.O) and Nvidia (NVDA.O) for a loss of under $1 million, according to a new transparency filing. In a periodic transaction report dated Friday, the senior Democrat disclosed that her husband, financier Paul Pelosi, lost $392,575 in the … Read more

Nurse ties it with a SHG

Nurse ties it with a SHG

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Saga of Wall Street’s pandemic darlings ends with tears

Saga of Wall Street’s pandemic darlings ends with tears

Oct 12 (Reuters) – Think about something novel you started doing two-and-a-half years ago to make life easier during the COVID lockdown and chances today are that there is a related story about a stock market casualty. Add investor worries about soaring inflation and an economic slowdown that tipped Wall Street into a bear market … Read more

EU approves phone charger reform, forcing Apple to adapt

EU approves phone charger reform, forcing Apple to adapt

BRUSSELS, Oct 4 (Reuters) – The European Parliament approved new rules on Tuesday that will introduce in the European Union a single charging port for mobile phones, tablets and cameras by 2024, a world first that is expected to affect iPhone maker Apple more than its rivals. The vote confirms an earlier agreement among EU … Read more

GM outsells Toyota in US as industry worries about inflation

GM outsells Toyota in US as industry worries about inflation

Oct 3 (Reuters) – General Motors Co (GM.N) outsold Japanese automaker Toyota Motor Corp (7203.T) in the United States in the third quarter, data on Monday showed, but analysts and investors are fretting that a darkening economic picture will lead to a drop in car sales. Thus far, a shortage of cars due to supply … Read more

Apple drops plan to boost iPhone production as demand falters – Bloomberg

Apple drops plan to boost iPhone production as demand falters – Bloomberg

Sept 27 (Reuters) – Apple Inc is dropping plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialize, Bloomberg News reported on Tuesday, citing people familiar with the matter. The company told suppliers to curtail efforts to increase assembly of its flagship iPhone 14 product family … Read more