Wall St stumbles on weak data, comments from hawkish Fed

Fed’s Bullard, Mester back rate rises US retail sales fall in December Indexes down: Dow 1.28%, S&P 1.07%, Nasdaq 0.78% 18 Jan. (Reuters) – Wall Street’s major indices fell on…

Read more »

Microsoft is cutting 10,000 jobs as the cloud technology sector worries about the recession

DAVOS, Switzerland, Jan. 18 (Reuters) – Microsoft Corp. (MSFT.O) said on Wednesday it would cut 10,000 jobs and cash in at $1.2 billion as its cloud computing customers reassess their…

Read more »

Tesla video promoting self-driving has been staged, an engineer testifies

17 Jan. (Reuters) – A 2016 video that Tesla (TSLA.O) used to promote its self-driving technology was staged to show capabilities such as stopping at a red light and accelerating…

Read more »

Elon Musk’s suspension of journalists on Twitter has sparked global reactions

Dec. 16 (Reuters) – Twitter’s unprecedented suspension of at least five journalists over claims they revealed owner Elon Musk’s real-time location quickly drew backlash from government officials, advocacy groups and…

Read more »

Electric vehicles are facing the leap into the mass market

DETROIT, Dec. 15 (Reuters) – The past year has been a sobering one for investors pouring money into Tesla Inc (TSLA.O) and rival electric vehicle startups hoping to emulate the…

Read more »