TECH08

Foxconn expects COVID-hit China plant back to full output in late Dec-early Jan -source

TAIPEI, Dec 5 (Reuters) – Apple supplier Foxconn (2317.TW) expects its COVID-hit Zhengzhou plant in China to resume full production around late December to early January, a Foxconn source said on Monday, after worker unrest disrupted the world’s biggest iPhone factory. The Zhengzhou plant has been grappling with strict COVID-19 restrictions that have fueled discontent …

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Crypto exchange Gemini is trying to get $900 million back from crypto lender Genesis, Financial Times reported.

December 3 (Reuters) – Crypto broker Genesis and its parent company Digital Currency Group (DCG) owe $900 million to clients of the Winklevoss twins crypto exchange Gemini, the Financial Times reported on Saturday. Citing sources, the newspaper said that crypto exchange Gemini was trying to get the funds back after Genesis went astray due to …

Crypto exchange Gemini is trying to get $900 million back from crypto lender Genesis, Financial Times reported. Read More »

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 …

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US job growth strong in November; wages rise

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) – US employers hired more workers than expected in November and increased wages despite mounting worries of a recession, but that will probably not stop the Federal Reserve from …

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Musk delivered his first Tesla truck, but no updates on production and pricing

Tesla ships first Semi to PepsiCo five years after introducing it No details on orders or capacity for electric trucks Semi uses existing Tesla cars to feature the new Supercharger December 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk delivered the company’s first heavy-duty Semi to PepsiCo (PEP.O) on Thursday; It did …

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Wall Street is mixed; Dow under selling pressure in Salesforce shares

Salesforce abandons co-CEO exit plan Overall Dollar drops as annual profit outlook cuts US production contracted for the first time in 2-1/2 years in November Indices: S&P 500 -0.09%, Nasdaq +0.14%, Dow -0.59% December 1 (Reuters) – Wall Street mixed on Thursday as a selloff in Salesforce put pressure on the Dow. On Wednesday, the …

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Piper Sandler cuts estimates for Apple’s Dec quarter as China worries mount

Dec 1 (Reuters) – Analysts at Piper Sandler on Thursday cut their revenue and iPhone sales estimates for Apple Inc’s (AAPL.O) December quarter, as Beijing’s strict lockdowns crimp production at the world’s biggest iPhone factory in Zhengzhou, China. The brokerage now expects $119 billon in revenue for the current quarter from an earlier projection of …

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Sam Bankman-Fried says he ‘never tried to commit fraud’

NEW YORK, Nov 30 (Reuters) – Sam Bankman-Fried, founder and former CEO of bankrupt cryptocurrency exchange FTX, tried to steer clear of fraud allegations when he first appeared to the public since his company’s bankruptcy baffled investors and left creditors in a shambles. . losses amounting to billions of dollars. Speaking via video link with …

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