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Tesla shares suffer New Year’s hangover on demand worries, delivery issues

The stock is the first loser in the S&P 500 on the first trading day of 2023 Selloff removes $50 billion from market capitalization Tesla misses fourth-quarter vehicle delivery estimate The electric vehicle company is still the world’s most valuable automaker Jan 3 (Reuters) – Tesla Inc. (TSLA.O) Stocks kicked off 2023 with a thud, …

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China’s Huawei sees ‘business as usual’ as U.S. sanctions impact wanes

SHANGHAI, Dec 30 (Reuters) – Chinese tech giant Huawei Technologies Co Ltd (HWT.UL) estimated on Friday that its 2022 revenue was flat, suggesting that a drop in sales due to U.S. sanctions will s was arrested. Although sales rose only 0.02%, rotating chairman Eric Xu struck an optimistic tone in the company’s annual New Year …

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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 review Indices down: Dow 1.1%, S&P 500 1.20%, Nasdaq 1.35% Dec 28 (Reuters) – Major Wall Street indexes weakened on Wednesday, with the Nasdaq hitting a 2022 closing low, as investors grappled with mixed economic data, a rise in COVID cases in China …

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Wall St stocks fall, bond yields rise as China drops quarantine rule

NEW YORK, Dec 27 (Reuters) – The S&P 500 and Nasdaq closed lower on Tuesday after the release of U.S. economic data at the start of a shortened holiday week as bond yields rose after China reported that it would remove its COVID-19 quarantine rule for inbound travellers. US Treasury yields rose as investors tried …

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Bankman-Fried, FTX execs received billions in hidden loans, ex-Alameda CEO says

NEW YORK, Dec 23 (Reuters) – Sam Bankman-Fried and other FTX executives have received billions of dollars in secret loans from the crypto tycoon’s Alameda Research, the former fund chief said speculation to a judge when she pleaded guilty to her role in the collapse of the exchange. . Caroline Ellison, former managing director of …

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Core Scientific files for bankruptcy as crypto winter bites

Dec 21 (Reuters) – Core Scientific Inc (CORZ.O)one of the largest publicly traded cryptocurrency mining companies in the United States, said on Wednesday that it had filed for Chapter 11 bankruptcy, the latest in a series of failures to hit the area. Core Scientific, based in Austin, Texas, attributed its bankruptcy to falling bitcoin prices, …

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Wall Street falls fourth straight day as recession worries nag

Dec 19 (Reuters) – Wall Street stocks closed lower on Monday for a fourth straight session, with the Nasdaq leading the declines as investors shun riskier bets amid fears the Federal Reserve’s tightening campaign could take a dive the US economy in a recession. The three major U.S. stock indexes have been under pressure since …

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FTX founder Sam Bankman-Fried charged with fraud, denied bail

NASSAU, Bahamas/NEW YORK, Dec 13 (Reuters) – U.S. prosecutors on Tuesday charged Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, with fraud and violating campaign finance laws and a Bahamian judge denied him bail, sending him to a local correctional facility instead. The former FTX CEO, who was arrested in the Bahamas on Monday, bowed …

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