Exclusive: Trump’s partner for Truth Social fails to win support for SPAC extension

The Truth social network logo is seen on a smartphone in front of a screen of former US President Donald Trump in this illustration taken February 21, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register Sep 5 (Reuters) – The blank check acquisition firm that agreed to merge with Donald … Read more

Wall Street ends well as Powell speech affirms hawkish rate stance

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 15, 2022. REUTERS/Brendan McDermid/File Photo Join now for FREE unlimited access to Reuters.com Register Fed will continue to tighten until inflation is under control – Powell Core PCE rises 0.1% in July compared to a rise of 0.6% … Read more

Twitter whistleblower could help Musk by adding ‘volatility’ to legal battle

An image of Elon Musk is seen on a smartphone atop printed Twitter logos in this illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration/ Join now for FREE unlimited access to Reuters.com Register WILMINGTON, Delaware, Aug 23 (Reuters) – A whistleblower’s complaint that Twitter Inc. (TWTR.N) misleading federal regulators about the company’s security risks could provide … Read more

Twitter misled US regulators over hackers, spam, whistleblower says

August 23 (Reuters) – Twitter Inc. (TWTR.N) misled federal regulators about its defenses against hackers and spam accounts, the social media company’s former security chief Peiter Zatko said in a whistleblower complaint. In an 84-page complaint, Zatko, a famous hacker widely known as “Mudge”, alleged that Twitter falsely claimed it had a strong security plan, … Read more

Musk demands documents from Jack Dorsey as part of Twitter deal

WILMINGTON, Delaware, Aug 22 (Reuters) – Billionaire entrepreneur Elon Musk is seeking documents from Twitter Inc.(TWTR.N) Co-founder Jack Dorsey as CEO of Tesla and SpaceX is continuing his legal fight to back out of his $44 billion deal for the social media company, according to a court filing. Dorsey, who resigned as Twitter’s chief executive … Read more

Salman Rushdie attack suspect pleads not guilty to attempted murder and assault

MAYVILLE, NY, Aug 18 (Reuters) – The man accused of stabbing novelist Salman Rushdie last week in western New York pleaded not guilty to attempted second degree murder and assault on Thursday and has been held without bail. Hadi Matar, 24, is accused of injuring Rushdie, 75, on Friday just before the author of ‘The … Read more

Musk’s tweet about buying Manchester United is no joke for fed up fans

Aug 17 (Reuters) – Elon Musk, the world’s richest person, briefly lifted the gloom over Manchester United (MANU.N) actions and fans on Wednesday saying he was buying the English football club – only to say later that it was all part of a “long running joke”. One of the most successful football clubs in the … Read more

Cryptoverse: Electric Aether Jumps About to Merge

Representations of the cryptocurrencies Bitcoin, Ethereum and Dash dip in water in this illustration taken May 23, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Aug 16 (Reuters) – It looks like Ethereum’s mega-upgrade is underway. To finish. After years of delays, the “merger” seems all but certain to take place … Read more

Five Chinese state-owned companies under US scrutiny will pull out of the New York Stock Exchange

SHANGHAI/HONG KONG/NEW YORK, Aug 12 (Reuters) – Five U.S.-listed Chinese state-owned companies whose audits are being scrutinized by the U.S. securities regulator said on Friday they would voluntarily withdraw from the New York stock exchange. The oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS)Aluminum Corporation of China (Chalco) (601600.SS)PetroChina (601857.SS) and a separate entity … Read more

Disney overtakes Netflix on streaming subscribers and sets higher prices

LOS ANGELES, Aug 10 (Reuters) – Walt Disney Co. (DIS.N) beat out Netflix Inc (NFLX.O) with a total of 221 million streaming customers and announced it would raise prices for customers who want to watch Disney+ or Hulu without ads. The media giant will increase the monthly cost of ad-free Disney+ by 38% to $10.99 … Read more