Business Former president says he plans to remain on his own social-media platform Source link Source link
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Tag: industrial news
The social-media company has said it would add 3,000 engineers and plans to boost head count at its hub in Silicon Valley. Source link Source link
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Business The company says ride reliability remains strong in its theme parks, which recently logged record revenue and profits Source link Source link
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The directors’ desire to keep the serial entrepreneur focused on the car maker contributed to the pursuit of a multibillion-dollar equity grant. Source link Source link
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NASSAU, Bahamas—Sam Bankman-Fried’s $32 billion crypto-trading empire collapsed in an incandescent bankruptcy last week, prompting irate customers, crypto acolytes and Silicon Valley bigwigs to ask how something that seemed so promising could have imploded so fast. The emerging picture suggests FTX wasn’t simply felled by a rival, or undone by a bad trade or the […]
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A powerful earthquake in West Texas is drawing fresh scrutiny to frackers’ water-management operations in the nation’s hottest petroleum-producing region. A 5.4-magnitude earthquake, the fourth largest in Texas history, struck an oil-and-gas production hot spot in Reeves County on Wednesday afternoon, sending tremors that were felt as far as Dallas, El Paso and San Antonio, […]
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Business Jury convicted Holmes earlier this year on charges that she misrepresented startup’s technology, finances and business to investors Source link Source link
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WESTBOROUGH, MASS. — In a brightly lighted warehouse tucked along an industrial road about 45 minutes west of Boston, a yellow-plated, gooseneck-like mechanical arm stretched one recent morning and plucked a plastic jar holding a powdered drink mix out of a yellow box. The device rose up, spun around with a loud whirring sound and […]
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Nearly three-quarters of the $420 million that FTX raised in a fundraising blitz last year went to founder Sam Bankman-Fried, who sold some of his personal stake in the company. Source link Source link
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The Twitter boss shared details of company’s speech policy and tweeted that some accounts would be reinstated. Source link Source link
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The government aims to end an alliance it says reduces competition, while the airlines say the pact helps consumers. Source link Source link
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The first day of Twitter 2.0 got off to a chaotic start, after an avalanche of employees rejected Elon Musk‘s ultimatum that they commit to being “hardcore” and he raced to remake the social network to his liking. Less than 24 hours after mass resignations rolled in, Mr. Musk called his remaining employees back to […]
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The planned workforce reductions come as the used-car retailer faces economic headwinds and an uncertain future, its CEO said. Source link Source link
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World Meeting between U.S. Trade Representative Tai and Chinese counterpart follows Biden-Xi meeting this week Source link Source link
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The German car maker will end production of such vehicles at its joint venture with SAIC Motor in August 2024 due to changes in market demand. Source link Source link
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The company trims its growth forecast, saying its dealers don’t have enough electricians to handle orders, extending wait times for customers. Source link Source link
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Business Shares soar after retailer boosts profit, sales views even as markdowns cut into margins Source link Source link
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Economy U.S. Economy Sales fell 5.9% in the month and 28.4% from a year earlier Source link Source link
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The lack of detail in financial statements echoes past scandals including Enron. Source link Source link
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By Michael Siconolfi Nov. 18, 2022 5:30 am ET Listen to article (2 minutes) Elizabeth Holmes‘s journey from Silicon Valley superstar to felon is slated to culminate Friday during a hearing in which a federal judge will sentence her. The 38-year-old Ms. Holmes, who is pregnant with her second child, was convicted by a jury […]
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Tech Silicon Valley investor is looking toward Taiwan, while dismissing China’s Xi Jinping as a ‘weak leader’ for tightening controls on business Source link Source link
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Chief marketing officers are spending more time, and increasingly spending money, to build a different kind of brand: their own. Eighty percent of marketing executives say they are actively developing their own brands, with more than half of that group planning to invest more time and resources, according to a survey of 186 executives conducted […]
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Tech Ride-hailing and e-commerce company joins global tech giants in cutting payroll Source link Source link
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Business Autos & Transportation Autos Industry Company says lowering battery costs and leveraging federal subsidies will achieve profit on par with internal-combustion cars by 2025 Source link Source link
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Business Earnings Retailer posts higher sales, profit in third quarter, issues fourth-quarter sales warning Source link Source link
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Australia’s OZ Minerals says it intends to recommend BHP’s revised offer valuing its equity at $6.34 billion. Source link Source link
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