Apple and Amazon resume advertising on Twitter, reports say

Apple and Amazon resume advertising on Twitter, reports say

Dec 3 (Reuters) – Amazon.com Inc (AMZN.O) and Apple Inc (AAPL.O) are planning to resume advertising on Twitter, according to media reports on Saturday. The developments follow an email sent by Twitter on Thursday to advertising agencies offering advertisers incentives to increase their spending on the platform, an effort to jump-start its business after Elon … Read more

Exclusive: Twitter exec says moving fast on moderation, as harmful content surges

Exclusive: Twitter exec says moving fast on moderation, as harmful content surges

Dec 2 (Reuters) – Elon Musk’s Twitter is leaning heavily on automation to moderate content, doing away with certain manual reviews and favoring restrictions on distribution rather than removing certain speech outright, its new head of trust and safety told Reuters. Twitter is also more aggressively restricting abuse-prone hashtags and search results in areas including … Read more

U.S. labor market shrugs off recession fears; keeps Fed on tightening path

U.S. labor market shrugs off recession fears; keeps Fed on tightening path

Nonfarm payrolls increase 263,000 in November Unemployment rate steady at 3.7%; participation rate falls Average hourly earnings rise 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – U.S. employers hired more workers than expected in November and increased wages, shrugging off mounting worries of a recession, but that will probably not stop the Federal Reserve … Read more

Twitter suspends Kanye’s account again

Twitter suspends Kanye’s account again

Dec 2 (Reuters) – Twitter Inc on Friday suspended Kanye West’s account again, just two months after it was reinstated, after its owner Elon Musk said he had violated the platform’s rules prohibiting incitement to violence. Musk, who calls himself a free speech absolutist, had welcomed the return of the rapper, now known as Ye, … Read more

Wall Street mixed; Dow pressured by selloff in Salesforce shares

Wall Street mixed; Dow pressured by selloff in Salesforce shares

Salesforce drops on co-CEO exit plan Dollar General falls on slashing annual profit view U.S. manufacturing shrinks for first time in 2-1/2 years in Nov Indexes: S&P 500 -0.09%, Nasdaq +0.14%, Dow -0.59% Dec 1 (Reuters) – Wall Street was mixed on Thursday as a selloff in Salesforce weighed on the Dow, while traders digested … Read more

Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’

Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’

NEW YORK, Nov 30 (Reuters) – Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestions of fraud in his first public appearance since his company’s collapse stunned investors and left creditors facing losses totaling billions of dollars. Speaking via video link at the New York Times’ … Read more

DoorDash cuts 1,250 jobs to control ballooning costs

DoorDash cuts 1,250 jobs to control ballooning costs

Nov 30 (Reuters) – DoorDash Inc (DASH.N) 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 slowdown in demand. DoorDash, went on a hiring spree to cater to a flood of orders from people … Read more

S&P 500 ends down as Apple dips and traders eye Powell speech

S&P 500 ends down as Apple dips and traders eye Powell speech

Investors look to Powell speech for interest rate clues U.S. consumer confidence slips in November S&P 500 -0.16%, Nasdaq -0.59%, Dow +0.01% Nov 29 (Reuters) – The S&P 500 ended down on Tuesday, with losses in Apple and Amazon ahead of an upcoming speech by U.S. Federal Reserve Chair Jerome Powell that could provide hints … Read more

Wall Street ends down sharply, hit by Apple and China worries

Wall Street ends down sharply, hit by Apple and China worries

Cyber Monday spending to hit $11.6 bln – report Crypto shares fall on BlockFi bankruptcy filing Biogen down after death in Alzheimer drug trial Indexes end: S&P 500 -1.54%, Nasdaq -1.58%, Dow -1.45% Nov 28 (Reuters) – U.S. stocks ended sharply lower on Monday after protests in major Chinese cities against strict COVID-19 policies sparked … Read more

Elon Musk: Apple threatened to yank Twitter from App Store

Elon Musk: Apple threatened to yank Twitter from App Store

Nov 28 (Reuters) – Elon Musk accused Apple Inc (AAPL.O) of threatening to block Twitter Inc from its app store without saying why in a series of tweets on Monday that also said the iPhone maker had stopped advertising on the social media platform. The billionaire CEO of Twitter and Tesla said Apple was pressuring … Read more