BETHESDA, Md./NEW YORK, Nov 25 (Reuters) – Many shoppers looking for Apple’s ( AAPL.O ) latest high-end phones returned empty handed from its stores this Black Friday as the technology company struggles with production snafus in China. Among them were Sally Gannon and her son Michael, who were visiting an Apple store in Bethesda, where …
Many shoppers can’t find Apple’s latest iPhones on Black Friday Read More »
Nov 25 (Reuters) – Twitter Inc is planning to roll out its verified service next Friday with different colored checks for individuals, companies and governments, after a botched initial launch led to a surge in users impersonating celebrities and brands on the platform. Chief Executive Elon Musk on Friday allocated colors for the categories – …
Elon Musk says Twitter’s verified service with colors to start next week Read More »
Foxconn Zhengzhou plant’s Nov shipments to fall further – source Worker unhappiness at the plant escalated into protests this week Over 20,000 workers, mostly new recruits, have left – source TAIPEI, Nov 25 (Reuters) – Foxconn’s (2317.TW) flagship iPhone plant in China is set to see its November shipments further reduced by the latest bout …
Tokyo Nov core CPI up 3.6% vs f’cast +3.5% Tokyo CPI stays above BOJ’s 2% target for the 6th straight month Data underscores broadening inflationary pressure TOKYO, Nov 25 (Reuters) – Core consumer prices in Japan’s capital, a leading indicator of nationwide trends, rose at their fastest annual pace in 40 years in November and …
Consumer inflation in Japan’s capital rises at the fastest pace in 40 years Read More »
Nov 23 (Reuters) – The US Federal Trade Commission (FTC) is likely to file an antitrust lawsuit to block Microsoft Corp’s (MSFT.O) $69 billion takeover bid for video game publisher Activision Blizzard Inc (ATVI.O), Politico reported on Wednesday, citing people familiar with the matter. A lawsuit challenging the deal is not guaranteed, and the FTC’s …
FTC likely to file lawsuit to block Microsoft bid for Activision -Politico Read More »
Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over pay, conditions Apple says it has a team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday a pay-related “technical error” occurred when hiring new recruits at a COVID-hit iPhone factory in …
Foxconn apologizes for pay-related error at China iPhone plant after worker unrest Read More »
LONDON, Nov 24 (Reuters) – Bank of England Deputy Governor Dave Ramsden backed more interest rate hikes on Thursday, but said he would consider cutting rates if the economy and inflation pressures panned out differently to his expectation. Ramsden is the latest member of the Monetary Policy Committee to mention the possibility of cutting Bank …
BoE’s Ramsden favors more rate hikes, but sees potential for cuts Read More »
BRUSSELS, Nov 23 (Reuters) – European Union governments failed to reach a deal on Wednesday at what level to cap prices for Russian sea-borne oil under the Group of Seven nations (G7) scheme and will resume talks on Thursday evening or on Friday , EU diplomats said. Earlier on Thursday representatives of the EU’s 27 …
EU split on Russian oil price cap level, talks to resume Thursday Read More »
US ready to allow oil giant to produce, sell Venezuelan oil Chevron is owed billions in unpaid debts by state-run PDVSA US aims to shift Venezuelan oil sales from shadow firms HOUSTON, Nov 23 (Reuters) – Chevron Corp could soon win US approval to expand operations in Venezuela and resume trading its oil once the …
US prepared to authorize Chevron to boost Venezuela’s oil output Read More »
Growth stocks bounce as Treasury yields drop Tesla jumps as Citigroup upgrades Nordstrom falls on reduced profit forecast ROBOT Nov 23 (Reuters) – Wall Street’s main indexes ended Wednesday with solid gains after the Federal Reserve’s November meeting minutes showed interest rate hikes may slow soon. A “substantial majority” of policymakers agreed it would “likely …
Wall Street rises as Fed signals slowdown in rate hikes Read More »
