Musk says Tesla’s price cuts drove demand, 2023 sales could reach 2 million vehicles

Musk says Tesla’s price cuts drove demand, 2023 sales could reach 2 million vehicles

25 Jan. (Reuters) – Tesla Inc’s (TSLA.O) aggressive price cuts have fueled demand for its electric vehicles, Chief Executive Elon Musk said Wednesday, allaying concerns that a weak economy would curb buyer interest. The company slightly beat Wall Street’s targets for fourth-quarter revenue and profit earlier on Wednesday, despite a sharp decline in vehicle profit … Read more

IBM cuts 3,900 jobs, misses annual cash target

IBM cuts 3,900 jobs, misses annual cash target

25 Jan. (Reuters) – IBM Corp. (IBM.N) announced 3,900 layoffs on Wednesday as part of a series of asset divestments and missed its annual cash target, dampening sentiment about beating fourth-quarter revenue expectations. Chief Financial Officer James Kavanaugh told Reuters the company was still “committed to hiring for customer-centric research and development.” The layoffs — … Read more

India police detain students gathered to watch BBC documentary on Modi

India police detain students gathered to watch BBC documentary on Modi

NEW DELHI, Jan 25 (Reuters) – Students were detained by Delhi police on Wednesday as they gathered to watch a recent BBC documentary on Prime Minister Narendra Modi, which India has denounced as propaganda and streaming and sharing it on social media. media blocked. This follows similar disruptions, some of which turned violent, at rallies … Read more

Microsoft cloud outage affects users around the world

Microsoft cloud outage affects users around the world

A failure has consequences for the Microsoft cloud platform Azure for hours Multiple Microsoft services including Teams and Outlook hit Microsoft says most customers have now restored service Shares down 3.2% Jan. 25 (Reuters) – Microsoft Corp. (MSFT.O) said on Wednesday it had restored all of its cloud services after a network outage knocked out … Read more

Taylor Swift concert fiasco sparks U.S. Senate whims for Ticketmaster

Taylor Swift concert fiasco sparks U.S. Senate whims for Ticketmaster

WASHINGTON, Jan. 24 (Reuters) – US senators on Tuesday criticized Live Nation Entertainment’s lack of transparency and inability to block bot purchases of tickets at a hearing following a major fiasco involving ticket sales for Taylor Swift’s upcoming concert tour . Ticketmaster, a subsidiary of Live Nation Entertainment Inc (LYV.N), which has been unpopular with … Read more

Wall Street falters after mixed gains, trading halt malfunction

Wall Street falters after mixed gains, trading halt malfunction

SEC investigates NYSE opening bell error 3M slides on dismal Q1 forecast J&J falls on sales alert; GE down on weak earnings outlook Microsoft will release quarterly figures after the stock market close Indices: Dow up 0.18%, S&P 500 down 0.13%, Nasdaq down 0.25% NEW YORK, Jan. 24 (Reuters) – Wall Street was mixed on … Read more

Exclusive: Binance Moved $346M For Seized Crypto Exchange Bitzlato, Data Show

Exclusive: Binance Moved 6M For Seized Crypto Exchange Bitzlato, Data Show

LONDON, Jan. 24 (Reuters) – Crypto giant Binance processed nearly $346 million in bitcoin for the Bitzlato digital currency exchange, whose founder was arrested by US authorities last week for allegedly running a “money laundering machine”, according to blockchain data seen by Reuters. The Justice Department said on Jan. 18 that it charged Bitzlato’s co-founder … Read more

Indian university reports power outage ahead of Modi documentary screening

Indian university reports power outage ahead of Modi documentary screening

NEW DELHI, Jan. 24 (Reuters) – A top Indian university shut down power and internet on its campus on Tuesday for the student union to show a BBC documentary about Prime Minister Narendra Modi that India has dismissed as propaganda, broadcaster NDTV reported. . Jawaharlal Nehru University (JNU) in the capital New Delhi had threatened … Read more

Cryptoverse: Bitcoin investors are taking control

Cryptoverse: Bitcoin investors are taking control

24 January (Reuters) – Paranoid? The domino demise of FTX and other crypto custodians is enough to make the most trusting investor grab their bitcoin and shove it under the mattress. Holders large and small are indeed taking “self-custody” of their funds, moving them from crypto exchanges and trading platforms to personal digital wallets. As … Read more

Microsoft is going to invest more in OpenAI as the tech race progresses

Microsoft is going to invest more in OpenAI as the tech race progresses

23 Jan. (Reuters) – Microsoft Corp. (MSFT.O) announced a further multi-billion dollar investment in OpenAI on Monday, cementing ties with the startup behind chatbot sensation ChatGPT and paving the way for more competition with rival Alphabet Inc’s (GOOGL) .o) Google. Microsoft recently touted a revolution in artificial intelligence (AI), building on a bet it made … Read more