Month: October 2022

You’re free to tweet: Messages reveal Elon Musk- Parag Agrawal fall out | World News

Messages between Tesla chief Elon Musk and prominent Twitter placeholders – Jack Dorsey, chairman of the board Bret Taylor and current director Parag Agrawal – were released during ongoing documentation ahead of Elon Musk’s lawsuit against Twitter. Elon Musk and Twitter are due in court in mid-October, which will decide the former’s acquisition of the …

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Oracle Fined $23 Million For Bribing Officials In India, Turkey And UAE

Oracle used slush funds to bribe officials in India, the United Arab Emirates and Turkey. Oracle employees in its Indian unit used an excessive discount scheme linked to a transaction with a transportation company owned by the Ministry of Railways, the United States Securities and Exchange Commission (SEC) said. The United States Securities and Exchange …

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Japan spent record of nearly $20.0 bln on intervention to support the yen

Intervention drains nearly 15% of readily available funds Japan may avoid selling US Treasuries for now – analysts Impact of additional intervention could diminish – analysts TOKYO, Sept 30 (Reuters) – Japan spent a record 2.8 trillion yen ($19.7 billion) intervening in the foreign exchange market last week to prop up the yen, officials revealed …

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Tesla previews humanoid robot, but Musk cautions it is not ready just yet

SAN FRANCISCO, Sept. 30 (Reuters) – Tesla (TSLA.O) CEO Elon Musk said on Friday that the electric vehicle maker’s “Optimus” humanoid robot will cost less than $20,000 and warned it still has some way to go before it becomes fully functional. “There’s still a lot of work to be done to refine Optimus and prove …

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Energy expert says California windfall tax is a bad idea

Find out what clicks on FoxBusiness.com California’s imposition of a windfall tax on oil companies would be damaging, according to an energy expert who spoke to FOX Business. Democratic California Governor Gavin Newsom on Friday called for a windfall tax to be levied on profits over a set amount for companies involved in oil extraction, …

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Charts suggest it’s ‘way too early’ for the market to rebound

On Friday, CNBC’s Jim Cramer warned investors that the stock market is unlikely to rally anytime soon. “The charts, as interpreted by Mark Sebastian…suggest this market has more downside, and it’s way too early to turn truly bullish,” he said. “Unlike him, I also think we could get a big raise, but, for our Charitable …

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