Elon Musk: Apple threatened to yank Twitter from App Store

Elon Musk: Apple threatened to yank Twitter from App Store

Nov 28 (Reuters) – Elon Musk accuses Apple Inc (AAPL.O) of threatening to block Twitter Inc from its app store without saying why in a series of tweets on Monday that also said the iPhone maker had stopped advertising on the social media platform. The billionaire CEO of Twitter and Tesla said Apple was pressing … Read more

Foxconn’s woes to take bigger toll on giant China iPhone plant as more workers leave -source

Foxconn's woes to take bigger toll on giant China iPhone plant as more workers leave -source

Foxconn Zhengzhou plant’s Nov shipments to fall further – source Worker unhappiness at plant escalated into protests this week Over 20,000 workers, mostly new recruits, have left – source TAIPEI, Nov 25 (Reuters) – Foxconn’s (2317.TW) flagship iPhone plant in China is set to see its November shipments further reduced by the latest bout of … Read more

Foxconn apologises for pay-related error at China iPhone plant after worker unrest

Foxconn apologises for pay-related error at China iPhone plant after worker unrest

Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over pay, terms Apple says it has team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday a pay-related “technical error” occurred when hiring new recruits at a COVID-hit iPhone factory in China … Read more

China’s COVID infections hit record as economic outlook darkens

China's COVID infections hit record as economic outlook darkens

BEIJING, Nov 24 (Reuters) – China reported record high COVID-19 infections on Thursday, with cities nationwide imposing localized lockdowns, mass testing and other curbs that are fueling frustration and darkening the outlook for the world’s second largest economy. The resurgence of infections, nearly three years after the pandemic emerged in the central city of Wuhan, … Read more

Wall Street rises as Fed signals slowdown in rate hikes

Wall Street rises as Fed signals slowdown in rate hikes

Growth stocks bounce as Treasury yields drop Tesla jumps as Citigroup upgrades Nordstrom falls on reduced profit forecast ROBOT Nov 23 (Reuters) – Wall Street’s main indexes ended Wednesday with solid gains after the Federal Reserve’s November meeting minutes showed interest rate hikes may slow soon. A “substantial majority” of policymakers agreed it would “likely … Read more

Walmart Chesapeake shooting: Employee kills 6 and himself in Virginia

Walmart Chesapeake shooting: Employee kills 6 and himself in Virginia

CHESAPEAKE, Va., Nov 23 (Reuters) – A Walmart employee killed six people and injured several others before fatally shooting himself at a store in Chesapeake, Virginia, authorities said on Wednesday, in the latest episode of gun violence in the United States. The shooter, who has not been identified, used a pistol in the shooting late … Read more

China widens COVID curbs, Apple factory unrest adds to economy worries

China widens COVID curbs, Apple factory unrest adds to economy worries

COVID restrictions increase as case rise Unrest at iPhone factory adds to concerns about economy, underscores frustrations Analysts warn of potential for wider lockdowns BEIJING, Nov 23 (Reuters) – Chinese cities imposed more curbs on Wednesday to rein in rising coronavirus cases, adding to investor worries about the economy as fresh unrest at the world’s … Read more

Stick-wielding men smash surveillance cameras at China iPhone plant

Stick-wielding men smash surveillance cameras at China iPhone plant

SHANGHAI, Nov 23 (Reuters) – Men wielding sticks smashed surveillance cameras and windows at a massive campus owned by Apple (AAPL.O) beg foxconn (2317.TW) in the Chinese city of Zhengzhou, scenes broadcast live on the Kuaishou short video platform showed on Wednesday. Hundreds of workers protested at the campus, home to the world’s largest iPhone … Read more

S&P closes at more than two-month high on retail, energy lift

S&P closes at more than two-month high on retail, energy lift

Best Buy up, sees smaller annual sales drop Dollar Tree drops on lower FY profit forecast Manchester United surges on sale report Dow up 1.18%, S&P 500 up 1.36%, Nasdaq up 1.36% NEW YORK, Nov 22 (Reuters) – US stocks rallied on Tuesday, with the S&P 500 closing at its highest level in 2-1/2 months, … Read more

S&P 500 ends higher, led by defensive shares

S&P 500 ends higher, led by defensive shares

Fed’s Collins sees 75-bps hike on the table Grindr surges in market debut Gap shares rise on upbeat results Indexes up: Dow 0.59%, S&P 0.48%, Nasdaq 0.01% Nov 18 (Reuters) – Wall Street’s benchmark S&P 500 index ended higher on Friday in a choppy trading session, as gains in defensive shares overshadowed energy declines, and … Read more