Tag Archives: technology
Apple supplier Foxconn records 5% rise in Q3 profit, sees flattish Q4
By Ben Blanchard and Sarah Wu TAIPEI (Reuters) - Apple Inc supplier and iPhone assembler Foxconn said on Thursday it expected flattish revenue in the fourth quarter, as the company grapples with COVID...
Nov 10, 2022
Sam-Bankman Fried told OKX FTX has liability of $7 billion – OKX director
HONG KONG (Reuters) - FTX CEO Sam Bankman-Fried has appealed for a $2 billion to $4 billion cash injection from OKX on Monday morning just prior to the announcement of the now collapsed acquisition mo...
Nov 09, 2022
Exclusive-Behind FTX’s fall, battling billionaires and a failed bid to save crypto
(This story contains language some readers may find offensive in paragraph 2) By Angus Berwick and Tom Wilson (Reuters) - On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, c...
Nov 09, 2022
Apple supplier Foxconn to update on outlook after China COVID curbs
TAIPEI (Reuters) - Apple Inc supplier and iPhone assembler Foxconn plans to update its fourth-quarter outlook on Thursday, having warned this week of the impact of COVID-19 restrictions at a major pla...
Nov 09, 2022
Biden says Elon Musk’s relationships with other countries ‘worthy of being looked at’
WASHINGTON (Reuters) -U.S. President Joe Biden said on Wednesday he thinks Twitter's top boss Elon Musk's relationships with other countries was worthy of being looked at. Biden was asked at a news co...
Nov 09, 2022
FTX needs emergency funding amid withdrawal requests – WSJ
(Reuters) - FTX Chief Executive Sam Bankman-Fried told investors on Wednesday that the cryptocurrency exchange needs an emergency funding to cover a shortfall of up to $8 billion due to withdrawal req...
Nov 09, 2022
U.S. securities regulator says crypto events underscore industry risks
By Chris Prentice WASHINGTON (Reuters) -The turmoil in the cryptocurrency industry of the last few days underscores the risks inherent in the industry as intermediaries handle so many core functions, ...
Nov 09, 2022
Bumble shares tumble after weak fourth-quarter revenue forecast on forex hit
(Reuters) -Online dating firm Bumble Inc on Wednesday forecast fourth-quarter revenue below market estimates, as it grapples with a strong U.S. dollar and the impact from the conflict in Ukraine, send...
Nov 09, 2022
Marketmind: CPI catches the eye, crypto crumbles
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. All eyes are turning to the latest U.S. inflation figures, but all tongues are wagging about the crash in cr...
Nov 09, 2022
Crypto exchange Gemini co-founder says no exposure to FTT, Alameda
(Reuters) - Gemini cofounder Cameron Winklevoss assured investors that the crypto exchange has no exposure to FTX, digital coin FTT and crypto trading platform Alameda, as a liquidity crunch at FTX sp...
Nov 09, 2022
