Tag Archives: technology
Identity check contractor ID.me fires dozens on fraud team as Congress probes
By Paresh Dave OAKLAND, Calif. (Reuters) - A major U.S. government contractor of identity verification technology that is under investigation by Congress has fired 39 employees over the past week for ...
Apr 26, 2022
Lucid says Saudi Arabia will purchase up to 100,000 vehicles over 10 years
(Reuters) - Electric carmaker Lucid Group Inc on Tuesday said it has signed an agreement with the government of Saudi Arabia for the purchase of up to 100,000 of its vehicles over the next 10 years. S...
Apr 26, 2022
Musk may have to pay $1 billion if he terminates Twitter deal- filing
(Reuters) - Elon Musk will have to pay Twitter Inc a fee of $1 billion if the billionaire terminates his $44 billion cash deal to buy the social media company, it said in a filing on Tuesday. (Reporti...
Apr 26, 2022
Robinhood to cut its workforce by 9%
(Reuters) - Retail trading platform Robinhood Markets Inc said on Tuesday it is laying off about 9% of its full-time employees, sending its shares down 5% in extended trade. The company, which is repo...
Apr 26, 2022
Renault to transfer Avtovaz stake to Moscow government -Interfax
(Reuters) - Renault SA will transfer its 68% stake in Russian carmaker Avtovaz AO to the Moscow government for a nominal sum but can buy the stake back, Interfax cited Russian Trade Minister Denis Man...
Apr 26, 2022
GM reports first-quarter profit of $2.9 billion, affirms full-year outlook
(Reuters) -General Motors Co said on Tuesday it earned $2.9 billion in the first quarter, compared with analysts' estimates of $2.45 billion, and expects full-year net income of $9.6 billion to $11.2 ...
Apr 26, 2022
Bitcoin last down 5.1% at $38,391.36
(Reuters) - Bitcoin dropped 5.1% to $38,391.36 on Tuesday, down $2,229.82 from its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 16% from the year's low of $32,950....
Apr 26, 2022
Visa profit jumps 21% as consumer spending rebounds
(Reuters) - Visa Inc reported a 21% rise in second-quarter profit on Tuesday, driven by a rebound in consumer spending after COVID-19 restrictions eased around the world. Net income rose to $3.6 billi...
Apr 26, 2022
Chipmaker Texas Instruments forecasts quarterly revenue below estimates
(Reuters) -Texas Instruments Inc forecast second-quarter revenue below Wall Street estimates on Tuesday, hit by reduced demand from COVID-19 restrictions in China, sending its shares down 7%. Supply c...
Apr 26, 2022
Alphabet misses sales estimates; shares sink
By Paresh Dave and Nivedita Balu (Reuters) -Google parent Alphabet Inc fell short of Wall Street estimates for quarterly sales on Tuesday, its first miss since before the pandemic, as advertisers cut ...
Apr 26, 2022
