By Hyunjoo Jin (Reuters) -Elon Musk on Friday asked any remaining Twitter employees who write software code to report to the 10th floor of the office in San Francisco by early afternoon, according to an email reviewed by Reuters. The billionaire said in a follow-up email: “If possible, I would appreciate it if you could…
By Herbert Lash and Carolyn Cohn NEW YORK/LONDON (Reuters) -Global equities edged up and a key part of the Treasury yield curve inverted further on Friday, a sign the U.S. economy will stall next year and that investors hope will lead the Federal Reserve to back off its aggressive hiking of interest rates. Surprisingly strong…
Airline lawyers and the Justice Department delivered starkly contrasting views of an alliance between American Airlines and JetBlue during closing arguments Friday in a case that will test the Biden administration’s aggressive enforcement of antitrust laws. The partnership lets American and JetBlue coordinate schedules and share revenue on many routes to and from New York…
Twitter is in chaos. Elon Musk, its new owner, has decimated its staff and this week gave those remaining an ultimatum — work grueling hours and be “extremely hardcore ” or leave. Hundreds chose the latter and headed for the door. There are already signs that the exodus is stressing the system. Some users noticed…
By Ahmed Aboulenein WASHINGTON (Reuters) – The divided U.S. Congress after the November midterm elections undermines pharmaceutical companies who want to weaken a new law that allows the government to negotiate drug prices, Republican strategists, policy experts and pharmaceutical executives say. Democratic President Joe Biden’s signature Inflation Reduction Act, which Democrats passed in August against…
WASHINGTON (Reuters) – The U.S. Justice Department has opened an antitrust investigation into Ticketmaster’s owner, Live Nation Entertainment, the New York Times reported on Friday after the company’s sale of Taylor Swift concert tickets this week overwhelmed its website. (Reporting by Diane Bartz; Editing by Chris Reese)
By Shreyashi Sanyal and Devik Jain (Reuters) -Europe’s STOXX 600 index closed higher on Friday in a broad-based rally led by retailers and automakers, while investors awaited minutes from the European Central Bank’s last policy meeting and kept an eye out for a slew of data due next week. The pan-European benchmark index jumped 1.2%…
As communities around the globe press their case at the COP27 conference in Egypt that climate damage is forcing migration and causing suffering as never before, philanthropic foundations pooled their resources to donate more than $2 billion to support climate adaptation projects. Overall, though the amount of charitable funding directed toward climate related projects remains…
MILAN (Reuters) – An Italian administrative court on Friday rejected an appeal by Alphabet’s Google against a decision by Italy’s antitrust authority to fine the group, but accepted iPhone maker Apple’s appeal against the watchdog’s ruling. Last year, Italy’s antitrust regulator fined Google and Apple 10 million euros ($10.36 million) each, claiming that the two…
Sales of previously occupied U.S. homes fell in October for the ninth consecutive month to the slowest pre-pandemic sales pace in more than 10 years as homebuyers grappled with sharply higher mortgage rates, rising home prices and fewer properties on the market. Existing home sales fell 5.9% last month from September to a seasonally adjusted…
