Business

Twitter fired employees who publicly denounced Elon Musk | Engadget

At least three Twitter employees who survived mass layoffs that halved the company’s workforce have been fired after calling their new boss on the platform. One of them is Eric Frohnhoefer, who responded to Elon Musk’s tweet by apologizing for the slowness of Twitter in many countries. “The app does >1000 misgrouped RPCs just to …

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Binance CEO urges crypto buyers to 'hold on' amid 'unpredictability'

Binance CEO urges crypto buyers to ‘hold on’ amid ‘unpredictability’

Binance CEO Changpeng “CZ” Zhao strongly advised cash-strapped and inexperienced investors to stay away from cryptocurrency trading amid extreme market volatility and unpredictability. On November 14, Zhao led “Ask Me Anything” Twitter space hosted by Binance, the CEO suggested unsophisticated investors wait out the turbulent times instead of risking the money needed for living expenses: …

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Buffett's Berkshire reveals $4.1 billion stake in TSMC

Buffett’s Berkshire reveals $4.1 billion stake in TSMC

Nov 14 (Reuters) – Berkshire Hathaway Inc (BRKa.N) said it bought more than $4.1 billion worth of shares in Taiwan Semiconductor Manufacturing (2330.TW), a rare significant foray into the conglomerate’s tech sector of billionaire Warren Buffett. The news sent shares of TSMC soaring more than 6% in Taiwan on Tuesday as it bolstered investor sentiment …

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China's October retail, industrial data falls short of expectations

China’s October retail, industrial data falls short of expectations

Covid cases have soared in China’s capital, Beijing, where many communities have recently been locked down or placed under stricter health surveillance as the country maintains its zero-Covid policy. Kevin Frayer | Getty Images News | Getty Images BEIJING — Three indicators on China’s economy in October beat expectations and marked a slowdown from September, …

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Elon Musk: Bitcoin Will Make It, Dogecoin to the Moon

Elon Musk: Bitcoin Will Do It – Dogecoin to the Moon – Bitcoin Markets & Prices News

Tesla CEO and Twitter chief Elon Musk has made bullish statements on bitcoin and dogecoin despite the selloff in the crypto market. He said bitcoin “will do it” and “DOGE on the moon”. Amid the crypto winter and chaos surrounding bankrupt crypto exchange FTX, Musk believes there is a future for bitcoin, ethereum, and dogecoin. …

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Elon Musk's salary package at Tesla challenged in court

Elon Musk’s salary package at Tesla challenged in court

WILMINGTON, Del. (AP) — Testimony began Monday in a Delaware courtroom where a Tesla shareholder is challenging a compensation plan for CEO Elon Musk potentially worth more than $55 billion. The lawsuit alleges that the performance-based stock option grant was negotiated by a compensation committee and approved in 2018 by members of Tesla’s board of …

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Futures: expected key inflation report;  6 stocks to buy and watch

Futures: expected key inflation report; 6 stocks to buy and watch

Dow Jones futures were higher heading into Tuesday’s open after the Dow Jones Industrial Average snapped a two-day winning streak on Monday. The top six stocks to buy and watch include hot IPO stocks mobileye (MBLY). X Early Tuesday, the Producer Price Index (PPI) is due at 8:30 a.m. ET. The PPI is expected to …

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US fines airlines $7.5m and must reimburse customers for canceled flights

US fines airlines $7.5m and must reimburse customers for canceled flights

Transportation Secretary Pete Buttigieg announced on Monday that the department is imposing fines totaling $7.5 million on six airlines ordering them to reimburse hundreds of thousands of customers. Patrick Semansky/AP hide caption toggle caption Patrick Semansky/AP Transportation Secretary Pete Buttigieg announced on Monday that the department is imposing fines totaling $7.5 million on six airlines …

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Tesla investors were the biggest losers in Elon Musk's Twitter deal, and those losses continue

Elon Musk’s massive Tesla compensation package challenged in court

WILMINGTON, Del. – Testimony began Monday in a Delaware courtroom where a Tesla shareholder is challenging a compensation plan for CEO Elon Musk potentially worth more than $55 billion. The lawsuit alleges that the performance-based stock option grant was negotiated by a compensation committee and approved in 2018 by Tesla TSLA, -2.56% board members who …

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