Wall Street ends down as two-day rally fizzles on data, Fed message

Stocks rise in late-day surges on oversold conditions US private payrolls increase in September – ADP Twitter eases from one-year high, Tesla falls 6% Energy stocks jump as OPEC+ agrees to oil output cuts Failing indices: Dow down 0.14%, S&P 0.20%, Nasdaq 0.25% Oct 5 (Reuters) – Wall Street stocks closed lower on Wednesday, unable … Read more

Musk, Twitter may reach deal to end court battle as early as Wednesday -source

WILMINGTON, Del., Oct 5 (Reuters) – Elon Musk and Twitter Inc (TWTR.N) may reach an agreement to end their litigation as soon as Wednesday and clear the way for the world’s richest person to close his $44 billion deal for the social media platform, a source familiar with the litigation told Reuters. Chancellor Kathaleen McCormick, … Read more

Russian journalist who fled house arrest says she is innocent

Journalist confirms she has skipped house arrest Ovsyannikova defies Putin again in new video Oct 5 (Reuters) – Russian TV journalist Marina Ovsyannikova, accused of spreading fake news after staging a series of lone protests against the war in Ukraine, said on Wednesday she had fled house arrest because she had no case to answer. … Read more

Banks financing Musk’s Twitter deal face hefty losses

Oct 5 (Reuters) – Elon Musk’s U-turn on buying Twitter Inc (TWTR.N) could not have come at a worse time for the banks funding a large portion of the $44 billion deal and they could be facing significant losses. As in any large acquisition, banks would look to sell the debt to get it off … Read more

EU approves phone charger reform, forcing Apple to adapt

BRUSSELS, Oct 4 (Reuters) – The European Parliament approved new rules on Tuesday that will introduce in the European Union a single charging port for mobile phones, tablets and cameras by 2024, a world first that is expected to affect iPhone maker Apple more than its rivals. The vote confirms an earlier agreement among EU … Read more

PlayStation eyes new investment for PC, mobile push

TOKYO, Oct 4 (Reuters) – Sony Group Corp’s (6758.T) gaming business is looking at fresh investment to bolster its push into PC and mobile, a senior executive said, as the PlayStation 5 maker competes for talent with deep-pocketed rivals and as industry dealmaking heats up. “Further investments in areas that will strengthen the expansion on … Read more

Wall Street closes with sharp gains as final quarter begins

US factory activity slowest in ~2.5 years in Sept -ISM Credit Suisse, Citi cut 2022 year-end target for S&P 500 Dow, S&P 500, Nasdaq up Oct 3 (Reuters) – Wall Street stocks ended with sharp gains on Monday at the start of the final quarter of a tumultuous year with interest rate hikes amid historically … Read more

Kim Kardashian pays $1.26 million fine for paid crypto ad, SEC says

WASHINGTON, Oct 3 (Reuters) – Kim Kardashian has promoted everything from appetite-suppressing lollipops to melon-flavored liqueur to toilet paper, but it was her foray into the murky world of cryptocurrencies that got her into hot water. The reality television star and influencer has agreed to settle charges of unlawfully touting a crypto security and to … Read more

Q4 off to shaky start as stocks stumble, but oil jumps

LONDON, Oct 3 (Reuters) – The final quarter of the year got off to a shaky start on Monday, with world stocks languishing at their lowest levels since late 2020 – when the global economy was still reeling from the COVID-19 pandemic. Oil prices jumped more than 4% as the Organization of the Petroleum Exporting … Read more

Trump staffers not returning White House records, National Archives says

WASHINGTON, Oct 2 (Reuters) – Former President Donald Trump’s administration has not turned over all presidential records and the National Archives will consult with the Justice Department on whether to move to get them back, the agency has told Congress. A congressional panel on Sept. 13 sought an urgent review by the National Archives and … Read more