Israel attacks Gaza as the conflict flares up after clashes in the West Bank

Israel attacks Gaza as the conflict flares up after clashes in the West Bank

Rockets from Gaza caused alarm in Israeli communities Cross-border fire followed Israeli incursion into the West Bank Israeli raid killed at least nine Palestinians Violence in the West Bank has exploded in the past year JERUSALEM/GAZA, Jan. 27 (Reuters) – Israeli fighter jets hit the Gaza Strip on Friday night in retaliation for two rockets … Read more

India’s Adani Begins Record Share Selling as Short Seller Causes $44 Billion Loss

India’s Adani Begins Record Share Selling as Short Seller Causes  Billion Loss

MUMBAI, Jan. 27 (Reuters) – Shares of India’s Adani Enterprises (ADEL.NS) fell 15% on Friday as a damning report from a US short seller sparked defeat among the conglomerate’s listed companies, casting doubt on how investors will responding to the company’s record $2.45 billion in secondary sales. Seven publicly traded companies of the Adani conglomerate … Read more

Musk outlines Tesla’s recession playbook: Chargeback costs

Musk outlines Tesla’s recession playbook: Chargeback costs

26 Jan. (Reuters) – Elon Musk has a playbook for Tesla (TSLA.O) heading into what he says will be a “serious” recession: cutting costs on everything from parts to logistics while keeping pressure on competitors with reduced sticker prices. In a conference call to discuss Tesla’s fourth-quarter results, Musk and other executives outlined plans to … Read more

Strong US economic growth expected in fourth quarter, outlook deteriorates

Strong US economic growth expected in fourth quarter, outlook deteriorates

GDP is expected to grow by 2.6% in the fourth quarter Strong consumer spending seen; contributions from other sectors Weekly jobless claims are expected to increase slightly WASHINGTON, Jan. 26 (Reuters) – The US economy is likely to have maintained strong growth rates in the fourth quarter as consumers pushed up spending on goods, but … Read more

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

S&P 500 closes slightly red as weak business outlook fuels recession fears

S&P 500 closes slightly red as weak business outlook fuels recession fears

AT&T profits on subscriber additions General Dynamics drops after weak outlook Tesla, IBM publish results Indices: Dow up 0.03%, S&P 500 down 0.02%, Nasdaq down 0.18% NEW YORK, Jan. 25 (Reuters) – The S&P 500 ended nominally lower on Wednesday as a streak of corporate earnings ranged from dismal to dismal, reigniting concerns about the … 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

Rupert Murdoch drops proposal to combine Fox, News Corp and Move sales

Rupert Murdoch drops proposal to combine Fox, News Corp and Move sales

24 Jan. (Reuters) – Rupert Murdoch on Tuesday withdrew a proposal to reunite News Corp (NWSA.O) and Fox Corp as the company also explores a sale of Move Inc, which operates the website Realtor.com, to CoStar Group, according to reports a legal request and resources familiar with the process. Three sources familiar with the matter … Read more

Ad spend on Twitter drops more than 70% in December – data

Ad spend on Twitter drops more than 70% in December – data

24 Jan. (Reuters) – Ad spend on Twitter Inc fell 71% in December, data from an advertising research firm showed, as top advertisers slashed spending on the social media platform following the acquisition of Elon Musk. The recent Standard Media Index (SMI) data comes as Twitter moves to reverse the advertiser exodus. It has introduced … Read more

Strong clan loyalty, locals, helped mafia boss Messina Denaro stay hidden

Strong clan loyalty, locals, helped mafia boss Messina Denaro stay hidden

Mafia’s last godfather enjoyed unusually strong loyalty The Omerta code of silence also helped the boss stay hidden ‘Last godfather’ Messina Denaro lived near his mother PALERMO, Italy, January 25 (Reuters) – When Salvatore Catalano discovered that mafia boss Matteo Messina Denaro lived just a short walk from his home in the western Sicilian town … Read more