Nov 18, 2022
After Elon Musk’s ultimatum, Twitter employees start exiting

By Sheila Dang, Paresh Dave and Hyunjoo Jin (Reuters) -Hundreds of Twitter Inc employees are estimated to have decided to quit the beleaguered social media company following a Thursday deadline from new owner Elon Musk that staffers sign up for…

Nov 17, 2022
Crypto lender Genesis had sought emergency loan of $1 billion – WSJ

(Reuters) -Cryptocurrency lender Genesis was seeking an emergency loan of $1 billion from investors before it suspended withdrawals on its website, the Wall Street Journal reported on Thursday, citing a confidential fundraising document. The document viewed by the Journal cites…

Nov 15, 2022
Amazon launches virtual healthcare clinic in U.S. for common ailments

(Corrects paragraph 2 in Nov. 15 story to show Amazon Pharmacy sells only prescription drugs, not over-the-counter drugs) (Reuters) -Amazon.com Inc on Tuesday launched Amazon clinic, a virtual platform where users can connect with healthcare providers to help treat common…

Nov 14, 2022
Electric vehicle makers burning cash, slammed by sky-high costs

By Akash Sriram (Reuters) - Every time Lucid Group Inc or Rivian Automotive Inc sells an electric car, they are losing hundreds of thousands of dollars due to staggering raw material and production costs, their latest earnings statements showed. Quarterly…