US – Page 38 – Black Swan Alert

Aug 24, 2022

Twitter staff exodus accelerates amid Musk battle, whistleblower complaint

By Sheila Dang and Nivedita Balu (Reuters) - Twitter Inc is facing more employee departures, company executives told staff on Wednesday, as leaders sought to address multiple challenges, including whistleblower https://www.reuters.com/markets/deals/twitter-whistleblower-could-help-musk-by-adding-volatility-legal-battle-2022-08-23 allegations and a legal battle with billionaire Elon Musk.…

Aug 23, 2022

Cryptoverse: A mixer with your crypto cocktail?

By Lisa Pauline Mattackal (Reuters) - The DeFi dream is shaken. And stirred. The grand crypto project has declined in 2022: total user funds deposited in decentralized finance has shrunk to about $61 billion from over $170 billion at the…

Aug 23, 2022

Some Kia, Hyundai SUVs should be parked outdoors over fire risk -U.S. regulator

WASHINGTON (Reuters) -Owners of some Hyundai and Kia SUVs that were recently recalled over fire risks should park them outdoors and away from homes until they are repaired, the U.S. Department of Transportation said on Tuesday. The South Korean automakers…

Aug 22, 2022

Ford cuts 3,000 jobs as it pivots to EVs, software

By Joseph White (Reuters) -Ford Motor Co said it will cut a total of 3,000 salaried and contract jobs, mostly in North America and India, as it restructures to catch up with Tesla Inc in the race to develop software-driven…

Aug 22, 2022

Tesla loses challenge to California agency suing for race bias

By Daniel Wiessner (Reuters) -A California administrative agency has declined to review Tesla Inc's claim that the state's civil rights watchdog suing the company for race bias at an assembly plant is rushing to sue businesses without conducting full investigations.…

Aug 22, 2022

Factbox-Big banks expected to rack up more than $1 billion in fines for WhatsApp use

By Angelique Chen (Reuters) - Banking giants such as JPMorgan Chase & Co and Bank of America collectively face more than $1 billion in regulatory fines for employees' use of unapproved messaging tools, including email and apps like WhatsApp. The…

Aug 19, 2022

U.S. Treasury disputes finding that new IRS funding would increase middle-class taxes

By David Lawder WASHINGTON (Reuters) - As a political messaging war rages over $80 billion in new Internal Revenue Service funding, a U.S. Treasury official is pushing back on an informal estimate that the money could cause Americans earning less…

Aug 19, 2022

Meme stocks in reverse as Bed Bath & Beyond slump spooks investors

(Reuters) - Retail favorites GameStop and AMC Entertainment fell on Friday, undoing much of their recent gains after billionaire Ryan Cohen abruptly dumped his stake in struggling retailer Bed Bath & Beyond days after he took a bullish options position…

Aug 18, 2022

A tree (house) grows in Brooklyn; six-story apartment building has wooden beams

By Christine Kiernan NEW YORK (Reuters) - From the street, 670 Union Street looks like one in a line of brick buildings on a tree-lined block in Brooklyn. But inside, exposed timber beams, columns and floorboards make it clear this…

Aug 18, 2022

Tapestry, Estee Lauder feel earnings pinch from China lockdowns

By Mehr Bedi and Ananya Mariam Rajesh (Reuters) - Tapestry Inc and Estee Lauder Cos Inc forecast full-year earnings below estimates on Thursday, underscoring the hit global luxury goods companies are taking from China's COVID-19 lockdowns. Major Chinese cities have…

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