ITSE08

Meta takes on the US antitrust agency over the future of virtual reality

Meta takes on the US antitrust agency over the future of virtual reality

SAN JOSE, Calif./WASHINGTON, Dec 8 (Reuters) – The Biden administration on Thursday accused Meta Platforms Inc (META.O) of trying to buy its way to dominance in the metaverse, launching a high-profile lawsuit to try to stop parent Facebook from buying virtual reality app developer Within Inc. The FTC filed a lawsuit in July to end …

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The S&P 500 and the Nasdaq chain losses following the rise in unemployment insurance claims

The S&P 500 and the Nasdaq chain losses following the rise in unemployment insurance claims

Weekly jobless claims rise in line with estimates Moderna and Pfizer in place as FDA clears updated COVID boosters Exxon climbs after strengthening its buyback program Indices up: Dow 0.55%, S&P 0.75%, Nasdaq 1.13% Dec 8 (Reuters) – The S&P 500 (.SPX) ended higher on Thursday, ending a five-game losing streak as investors interpreted data …

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US labor market shrugs off recession fears;  keeps the Fed on a tightening path

US labor market remains tight despite continued claims hitting 10-month high

Weekly jobless claims rise by 4,000 to 230,000 Continuing claims rise by 62,000 to 1.671 million WASHINGTON, Dec 8 (Reuters) – The number of Americans filing new claims for unemployment benefits increased moderately last week, indicating a still tight and strong labor market despite growing fears of a recession as the Reserve federal government is …

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S&P posts fourth straight decline as recession talk weighs on Wall Street

S&P posts fourth straight decline as recession talk weighs on Wall Street

Meta stumbles upon EU concern report over targeted ads Energy stocks fall as crude trades at lowest level since January Indices down: Dow 1.03%, S&P 1.44%, Nasdaq 2% Dec 6 (Reuters) – Wall Street ended lower on Tuesday, with the S&P 500 extending its losing streak to four sessions, as jittery investors worried about Federal …

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US labor market shrugs off recession fears;  keeps the Fed on a tightening path

US labor market shrugs off recession fears; keeps the Fed on a tightening path

Non-farm payrolls increase by 263,000 in November Unemployment rate stable at 3.7%; turnout drops The average hourly wage increases by 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – U.S. employers hired more workers than expected in November and raised wages, ignoring growing fears of a recession, but that is unlikely to stop the Federal …

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Elon Musk launches Twitter poll on whether to bring Trump back

Elon Musk launches Twitter poll on whether to bring Trump back

Nov 18 (Reuters) – Elon Musk launched a Twitter poll on Friday evening asking his followers to vote on whether to restore former U.S. President Donald Trump’s account on the platform, with initial results showing around 60 % of votes yes. “Vox Populi, Vox Dei,” Musk tweeted, a Latin phrase that roughly translates to “the …

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After Elon Musk's ultimatum, Twitter employees start dating

After Elon Musk’s ultimatum, Twitter employees start dating

Nov 17 (Reuters) – Hundreds of Twitter workers are believed to be leaving the beleaguered social media company following an ultimatum from new owner Elon Musk that employees sign up for “long, high-intensity hours ” or leave. In a survey of the work app Blind, which verifies employees through their work email addresses and allows …

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Musk warns of Twitter bankruptcy as more top executives quit

Musk warns of Twitter bankruptcy as more top executives quit

November 10 (Reuters) – New owner of Twitter Inc, Elon Musk, on Thursday raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a U.S. privacy regulator and the exit from the leader in enterprise trust and security. The billionaire in his first mass call with …

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