CCOS

Exclusive: Tesla faces US criminal probe over self-driving claims

Exclusive: Tesla faces US criminal probe over self-driving claims

Oct 25 – Tesla Inc (TSLA.O) is under criminal investigation in the United States over claims that the company’s electric vehicles can drive themselves, three people familiar with the matter said. The US Department of Justice launched the previously undisclosed probe last year following more than a dozen crashes, some of them fatal, involving Tesla’s …

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In 'unprecedented' global chip slump, SK Hynix to halve investment as recession looms

In ‘unprecedented’ global chip slump, SK Hynix to halve investment as recession looms

Investment cut comparable to 2008-09 financial crisis Q3 profit plunges 60%, misses estimates Inflation, gloomy economic outlook weigh on demand SEOUL, Oct 26 (Reuters) – South Korea’s SK Hynix Inc (000660.KS) warned on Wednesday of an “unprecedented deterioration” in memory chip demand, deepening fears of global recession, and said it would slash investment after quarterly …

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Exclusive: Twitter is losing its most active users, internal documents show

Exclusive: Twitter is losing its most active users, internal documents show

Oct 25 (Reuters) – “Is Twitter dying?” billionaire Elon Musk mused in April, five days before offering to buy the social media platform. The reality, according to internal Twitter (TWTR.N) research seen by Reuters, goes far beyond the handful of examples of celebrities ghosting their own accounts. Twitter is struggling to keep its most active …

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Dollar absorbs suspected yen intervention, China data mixed

Dollar absorbs suspected yen intervention, China data mixed

https://tmsnrt.rs/2zpUAr4 Dollar buffeted vs yen by suspected BOJ intervention Shares pare early gains as China markets ease China GDP beats forecasts but retail sales disappoint Stg flat as Boris Johnson bows out of PM race SYDNEY, Oct 24 (Reuters) – The US dollar weathered another suspected blast of Japanese intervention to push higher on the …

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Equities close lower as rise in yields overshadows earnings

Equities close lower as rise in yields overshadows earnings

US 10-year Treasury yield hits highest since July 2008 Netflix jumps after reversing customer losses Procter & Gamble, Travelers post upbeat earnings PHLX Housing Index falls on weak US housing data Dow down 0.33%, S&P 500 down 0.67%, Nasdaq down 0.85% NEW YORK, Oct 19 (Reuters) – US stocks snapped a two-day streak of gains …

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Dozens of LNG-laden ships queue off Europe's coasts unable to unload

Dozens of LNG-laden ships queue off Europe’s coasts unable to unload

LONDON/MADRID, Oct 17 (Reuters) – Dozens of ships carrying liquefied natural gas (LNG) circling off the coasts of Spain unable to secure slots to unload have prompted grid operators for the country to warn they may have to suspend loading to deal with this “exceptional situation”. Europe is facing an energy supply squeeze as Russia …

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Goldman plans major overhaul to combine key units - source

Goldman plans major overhaul to combine key units – source

Oct 16 (Reuters) – Goldman Sachs (GS.N) is planning a major reorganization to combine its biggest businesses into three divisions with its storied investment banking and trading businesses being merged into a single unit, a source familiar with the matter told Reuters. The plans, which are expected to be announced on Oct. 18 in conjunction …

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