Elon Musk briefly loses title as world’s richest person to LVMH’s Arnault – Forbes

Elon Musk briefly loses title as world’s richest person to LVMH’s Arnault – Forbes

Dec 7 (Reuters) – Twitter owner and Tesla (TSLA.O) boss Elon Musk briefly lost his title as the world’s richest person on Wednesday, according to Forbes, following a steep drop in the value of his stake in the electric-car maker and a $44 billion bet on the social media firm. Bernard Arnault, the chief executive … Read more

Wall Street dragged by recession fears, S&P on track for 4th decline

Wall Street dragged by recession fears, S&P on track for 4th decline

Meta falls on report of EU concern over targeted ads Energy stocks drop as crude trades at lowest level since Jan Indexes down: Dow 1.39%, S&P 1.78%, Nasdaq 2.22% Dec 6 (Reuters) – Wall Street benchmarks tumbled again on Tuesday, with the S&P 500 on course for a fourth straight decline, as uncertainty around the … Read more

Amazon Web Services revenue growth will slow down more in 2023, says Satori Fund's Niles – CNBC Television

Amazon Web Services revenue growth will slow down more in 2023, says Satori Fund's Niles – CNBC Television

Amazon Web Services revenue growth will slow down more in 2023, says Satori Fund’s Niles  CNBC Television ‘We will continue to be customer-obsessed’ | Mint  Mint Amazon’s Biggest Revenue Driver AWS Falls Prey To Macro Slowdown – Amazon.com (NASDAQ:AMZN)  Benzinga Amazon Is Charging Full-Speed Ahead With Its Growth Plans in This Key Area  The Motley Fool Amazon’s cloud unit … Read more

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

Bankman-Fried says he will testify before U.S. House committee

Bankman-Fried says he will testify before U.S. House committee

Dec 4 (Reuters) – FTX founder Sam Bankman-Fried tweeted on Sunday that he would testify before the House Financial Services Committee after he finished “learning and reviewing” the events that led to the spectacular collapse of his cryptocurrency exchange. The U.S. House Financial Services Committee plans to hold a hearing in December to investigate the … Read more

Crypto exchange Gemini trying to recover $900 million from crypto lender Genesis, Financial Times reports

Crypto exchange Gemini trying to recover 0 million from crypto lender Genesis, Financial Times reports

Dec 3 (Reuters) – Crypto broker Genesis and its parent company Digital Currency Group (DCG) owe customers of the Winklevoss twins’ crypto exchange Gemini $900 million, the Financial Times reported on Saturday. Crypto exchange Gemini is trying to recover the funds after Genesis was wrongfooted by last month’s failure of Sam Bankman-Fried’s FTX crypto group, … 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