WASHING

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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Hyundai breaks ground on $5.5 bln U.S. EV, battery plant

ELLABELL, Ga., Oct 25 (Reuters) – Hyundai Motor Co (005380.KS) inaugurated a $5.54 billion electric vehicle (EV) and battery factory in the United States on Tuesday, as South Korea’s largest automaker grapples with an uncertain outlook for its electric vehicle sales on its main market. The investment is the largest in state history and the …

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Biden awards $2.8 billion to boost U.S. minerals output for EV batteries

WASHINGTON, Oct 19 (Reuters) – The Biden administration said on Wednesday it was providing $2.8 billion in grants to boost U.S. production of electric vehicle batteries and the minerals used to build them, as part of a an attempt to wean the country off supplies from China. “By undermining American manufacturers with their subsidies and …

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U.S. FCC set to ban approvals of new Huawei, ZTE equipment -document

WASHINGTON, Oct 13 (Reuters) – The U.S. Federal Communications Commission is set to ban the approval of new telecommunications equipment by Chinese companies Huawei Technologies and ZTE (000063.SZ) in the United States for national security reasons, according to an agency document. FCC President Jessica Rosenworcel last week circulated the draft ban to the other three …

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Google approves Trump’s Truth Social for Play Store

Oct 12 (Reuters) – Alphabet Inc. (GOOGL.O) Google has approved the distribution of former US President Donald Trump’s social media app, Truth Social, on the Google Play Store, a company spokesperson said on Wednesday. Trump Media & Technology Group (TMTG), which operates Truth Social, is expected to make the app available on the Play Store …

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U.S. adds China’s YMTC and 30 other firms to ‘unverified’ trade list

WASHINGTON, Oct 7 (Reuters) – The United States on Friday added major Chinese memory chipmaker YMTC and 30 other Chinese entities to a list of companies that U.S. officials have been unable to inspect, saying which increased tensions with Beijing and launched a 60-day clock. this could result in much harsher penalties. The new listings …

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