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Florida pulls $2 bln from BlackRock in largest anti-ESG divestment

Dec 1 (Reuters) – Florida’s chief financial officer said on Thursday his department would withdraw $2 billion from its assets managed by BlackRock Inc. (BLK.N)the largest such divestment by a state opposed to the asset manager’s environmental, social and corporate governance (ESG) policies. The move will hardly affect BlackRock’s $8 trillion in assets and drew …

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Stick-wielding men smash surveillance cameras at China iPhone plant

SHANGHAI, Nov 23 (Reuters) – Men wielding batons smashed surveillance cameras and windows at a huge Apple-owned campus (AAPL.O) Foxconn supplier (2317.TW) in the Chinese city of Zhengzhou, scenes streamed live on Kuaishou’s short video platform were released on Wednesday. Hundreds of workers demonstrated on campus, home to the world’s largest iPhone factory, where many …

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Nearly half of Meta job cuts were in tech, reorg underway – execs say

OAKLAND, Calif., November 11 (Reuters) – Meta Platforms, owner of Facebook (META.O) told employees on Friday it would stop developing smart displays and smartwatches and that nearly half of the 11,000 jobs it cut this week as part of unprecedented cost-cutting were in tech roles . Speaking at a public employee meeting heard by Reuters, …

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Musk warns of Twitter bankruptcy as more senior 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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Exclusive: Behind FTX’s fall, battling billionaires and a failed bid to save crypto

November 10 (Reuters) – (This story contains language that some readers may find offensive in paragraph 2) On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off guard with a grim message. “I’m sorry,” he told them. “I screwed up.” The reason for the mea culpa: its announcement half an hour …

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Wall Street ends lower after midterm election, CPI in focus

Meta Platforms wins over decision to cut 11,000 jobs Disney sees biggest one-day drop since 2001 after report Indices: S&P 500 -2.08%, Nasdaq -2.48%, Dow -1.95% Nov 9 (Reuters) – Wall Street closed sharply lower on Wednesday as Republican gains in the midterm elections looked more modest than some expected as investors also focused on …

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Wall Street ends higher as investors eye U.S. midterms

Take-Two and Lyft collapse on pessimistic forecasts Amgen climbs on cholesterol drug data Indices: S&P 500 +0.56%, Nasdaq +0.49%, Dow +1.02% Nov 8 (Reuters) – Wall Street ended higher on Tuesday in the vote in the midterm elections that will determine control of the U.S. Congress, with investors betting on a political deadlock that could …

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Exclusive: Nvidia offers new advanced chip for China that meets U.S. export controls

OAKLAND, Calif., November 7 (Reuters) – U.S. chipmaker Nvidia Corp (NVDA.O) offers a new advanced chip in China that adheres to recent export control rules aimed at keeping advanced technologies out of China’s reach, the company confirmed on Monday. Nvidia responded to reports from Reuters that Chinese computer vendors are advertising products with the new …

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U.S. stocks end higher, Meta jumps as investors eye midterms

Meta Platforms mobilizes after job cuts report Apple slips as COVID-19 curbs iPhone production in China Closing of indices: S&P 500 +0.96%, Nasdaq +0.85%, Dow +1.31% Nov 7 (Reuters) – Wall Street ended sharply higher on Monday as investors focused on Tuesday’s midterm elections that will determine control of Congress, while shares of Meta Platforms …

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Canada orders three Chinese firms to exit lithium mining

China says Canada is breaking trade and market rules Chinese company stocks fall Companies say they don’t expect a major performance hit OTTAWA/BEIJING, Nov 2 (Reuters) – Canada on Wednesday ordered three Chinese companies to divest their investments in critical Canadian minerals, citing national security. In response, China accused Ottawa of using national security as …

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