CARM

S&P 500 sinks to two-year low as bear market deepens

S&P 500 lowest since November 2020 Utilities and consumer discretionary sectors lead declines Investors worried about slowing corporate earnings growth Indices: Dow -0.74%, S&P 500 -0.57%, Nasdaq -0.24% Sep 27 (Reuters) – Wall Street sank deeper into a bear market on Tuesday, with the S&P 500 hitting a two-year intraday low as Federal Reserve policymakers …

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Tesla recalls nearly 1.1 million U.S. vehicles to update window reversing software

Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept. 22 (Reuters) – Tesla (TSLA.O) recalls nearly 1.1 million U.S. vehicles because the automatic window reversing system may not respond properly after detecting an obstruction, increasing the risk of injury. The electric vehicle manufacturer told National Highway SafetyAdministration (NHTSA) that it would perform an …

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Ford stock has biggest daily drop since 2011 after inflation warning

The Ford logo is pictured at the Frankfurt Motor Show (IAA) 2019 in Frankfurt, Germany. REUTERS/Wolfgang Rattay Join now for FREE unlimited access to Reuters.com Register Sep 20 (Reuters) – Ford Motor Co’s (FN) Shares fell more than 12% on Tuesday in their biggest one-day drop in more than a decade after the automaker said …

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Biden, unions, rail executives struggle for deal as shutdown looms

DETROIT/LOS ANGELES, Sept 14 (Reuters) – Biden administration officials held labor contract talks on Wednesday evening to avoid a possible rail shutdown that could disrupt freight shipments and hamper food supplies and fuel, but a small union rejected a deal and Amtrak called it all off. long-distance passenger travel. Railroads, including Union Pacific (UNP.N)Berkshire Hathaway …

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Tesla is sued by drivers over alleged false Autopilot, Full Self-Driving claims

The logo of carmaker Tesla is seen at a car dealership in London, Britain May 14, 2021. REUTERS/Matthew Childs/File Photo Join now for FREE unlimited access to Reuters.com Register Sep 14 (Reuters) – Tesla Inc. (TSLA.O) was sued Wednesday in a proposed class action lawsuit accusing Elon Musk’s electric car company of misleading the public …

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Exclusive: U.S. regulators to vet Alibaba, other Chinese firms’ audits -sources

Join now for FREE unlimited access to Reuters.com Register Alibaba notified of US audit inspection – sources Verification of audits of Chinese companies listed in the United States begins next month Follows landmark US-China audit agreement Alibaba shares fall nearly 3% HONG KONG, Aug 31 (Reuters) – U.S. regulators have picked e-commerce giant Alibaba Group …

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Twitter whistleblower could help Musk by adding ‘volatility’ to legal battle

WILMINGTON, Delaware, Aug 23 (Reuters) – A whistleblower’s complaint that Twitter Inc. (TWTR.N) misleading federal regulators about the company’s security risks could provide Elon Musk with new ammunition in his bid not to buy the company for $44 billion. So far, Musk’s legal confrontation with Twitter has mostly centered on claims the company misled the …

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Twitter misled U.S. regulators on hackers, spam, whistleblower says

August 23 (Reuters) – Twitter Inc. (TWTR.N) misled federal regulators about its defenses against hackers and spam accounts, the social media company’s former security chief Peiter Zatko said in a whistleblower complaint. In an 84-page complaint, Zatko, a famous hacker widely known as “Mudge”, alleged that Twitter falsely claimed it had a strong security plan, …

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Musk seeks documents from Jack Dorsey in fight over Twitter deal

WILMINGTON, Delaware, Aug 22 (Reuters) – Billionaire entrepreneur Elon Musk is seeking documents from Twitter Inc.(TWTR.N) Co-founder Jack Dorsey as CEO of Tesla and SpaceX is continuing his legal fight to back out of his $44 billion deal for the social media company, according to a court filing. Dorsey, who resigned as Twitter’s chief executive …

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