TSMC starts volume production of most advanced chips in Taiwan

TSMC starts volume production of most advanced chips in Taiwan

TAINAN, Taiwan, Dec 29 (Reuters) – Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC)(2330.TW), began mass production of its most advanced chips in southern Taiwan on Thursday and the company’s chairman said it would continue to expand capacity on the island. The long-awaited mass production of chips with 3-nanometre technology comes as attention focuses on the … Read more

Twitter back online after global outage hits thousands

Twitter back online after global outage hits thousands

Dec 28 (Reuters) – Twitter Inc suffered a major outage on Wednesday, leaving tens of thousands of users globally unable to access the popular social media platform or use its key features for several hours before services appeared to come back online. The incident is the social media site’s first apparent widespread service disruption since … Read more

U.S. stocks drop on recession fears, Nasdaq closes at new bear market low

U.S. stocks drop on recession fears, Nasdaq closes at new bear market low

Tesla gains 3.3% in choppy trade Southwest Airlines slips 5.2% on government scrutiny Indexes down: Dow 1.1%, S&P 500 1.20%, Nasdaq 1.35% Dec 28 (Reuters) – Wall Street’s main indexes ended weaker on Wednesday, with the Nasdaq hitting a 2022 closing low, as investors grappled with mixed economic data, rising COVID cases in China, and … Read more

Hong Kong scraps most COVID rules, though masks still mandated

Hong Kong scraps most COVID rules, though masks still mandated

HONG KONG, Dec 28 (Reuters) – Hong Kong will cancel its stringent COVID-19 rules from Thursday, city leader John Lee said, meaning that arrivals will no longer need to do mandatory PCR tests while the city’s vaccine pass would also be scrapped. All measures would be cancelled on Thursday, apart from the wearing of masks … Read more

Tesla shares extend losses on demand worries in China

Tesla shares extend losses on demand worries in China

Dec 27 (Reuters) – Tesla Inc (TSLA.O) shares fell 11.4% on Tuesday after a Reuters report that Tesla was planning to run a reduced production schedule in January at its Shanghai plant sparked worries of a drop in demand in the world’s biggest car market. The stock, which fell to its lowest in more than … Read more

Elon Musk says around 100 Starlinks now active in Iran

Elon Musk says around 100 Starlinks now active in Iran

Dec 26 (Reuters) – SpaceX Chief Executive Elon Musk said on Monday that the company is now close to having 100 active Starlinks, the firm’s satellite internet service, in Iran, three months after he tweeted he would activate the service there amid protests around the Islamic country. Musk said, “approaching 100 starlinks active in Iran”, … Read more

Tesla, megacap growth stocks pull Nasdaq lower; Dow rises

Tesla, megacap growth stocks pull Nasdaq lower; Dow rises

Tesla slumps on report of reduced output plan China ADRs rise on reopening optimism Indexes mixed: Dow up 0.40%, S&P down 0.11%, Nasdaq down 0.80% Dec 27 (Reuters) – The tech-heavy Nasdaq came under pressure on Tuesday following declines in some megacap growth stocks and Tesla, while optimism around an economic recovery in China after … Read more

Bankman-Fried’s criminal case assigned to judge in Trump, Prince Andrew cases

Bankman-Fried’s criminal case assigned to judge in Trump, Prince Andrew cases

Dec 27 (Reuters) – Sam Bankman-Fried’s criminal case over the collapse of his FTX cryptocurrency exchange has been reassigned to a judge recently known for handling defamation lawsuits against former U.S. President Donald Trump and a sexual abuse lawsuit against Britain’s Prince Andrew. U.S. District Judge Lewis Kaplan replaces his colleague Ronnie Abrams, who recused … Read more

Ringleader in Michigan governor kidnapping plot sentenced to 16 years

Ringleader in Michigan governor kidnapping plot sentenced to 16 years

Dec 27 (Reuters) – The leader of a foiled plot by members of right-wing militia groups to kidnap Michigan Governor Gretchen Whitmer was sentenced to 16 years in prison on Tuesday in a U.S. District Court, prosecutors said. Adam Fox was found guilty in August by a federal court jury in Grand Rapids, Michigan, on … Read more

Apple Japan hit with $98 mln in back taxes- Nikkei

Apple Japan hit with $98 mln in back taxes- Nikkei

TOKYO, Dec 27 (Reuters) – Apple Inc’s (AAPL.O) Japan unit is being charged 13 billion yen ($98 million) in additional taxes for bulk sales of iPhones and other Apple devices to foreign tourists that were incorrectly exempted from the consumption tax, the Nikkei newspaper said. Citing unidentified sources, the Nikkei reported on Tuesday that bulk … Read more