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Wall Street closes with sharp gains as final quarter begins

U.S. factory activity slowest in ~2.5 years in Sept -ISM Credit Suisse, Citi cut 2022 year-end target for S&P 500 Dow, S&P 500, Nasdaq up Oct 3 (Reuters) – Wall Street stocks ended with sharp gains on Monday at the start of the final quarter of a tumultuous year with interest rate hikes amid historically … Read more

Wall St posts third straight quarterly loss as inflation weighs, recession looms

S&P 500 notches largest September percentage drop in 20 years All three major U.S. stock indexes post three-quarter slumps Core inflation data hotter than expected Indexes down: Dow 1.71%, S&P 1.51%, Nasdaq 1.51% NEW YORK, Sept 30 (Reuters) – The S&P 500 closed the books on its steepest September decline in two decades on Friday, … Read more

Suspected Chinese hackers tampered with widely used Canadian chat program -researchers

WASHINGTON, Sept 30 (Reuters) – Suspected Chinese hackers tampered with widely used software distributed by a small Canadian customer service company, another example of a “supply chain compromise” made infamous by the hack on U.S. networking company SolarWinds. U.S. cybersecurity firm CrowdStrike said in a blog post that it had discovered malicious software being distributed … Read more

Exclusive: Brands blast Twitter for ads next to child pornography accounts

Sept 28 (Reuters) – Some major advertisers including Dyson, Mazda, Forbes and PBS Kids have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets soliciting child pornography, the companies told Reuters. DIRECTV and Thoughtworks also told Reuters late on Wednesday they have paused their advertising on … Read more

Apple drops plan to boost iPhone production as demand falters-Bloomberg

Sept 27 (Reuters) – Apple Inc is dropping plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialize, Bloomberg News reported on Tuesday, citing people familiar with the matter. The company told suppliers to curtail efforts to increase assembly of its flagship iPhone 14 product family … Read more

Apple to raise App Store prices in some countries in Europe, Asia

A man walks next to an advertisement for Apple’s new iPhone 11 Pro at the Apple Store in IFC, Central district, Hong Kong, China October 10, 2019, after Apple Inc on Wednesday removed an app that protestors in Hong Kong have used to track police movements from its app store. REUTERS/Athit Perawongmetha/File Photo Register now … Read more

New iPhones have Qualcomm satellite modem, new Apple radio chips

Register now for FREE unlimited access to Reuters.com Register SAN LUIS OBISPO, Calif., Sept 17 (Reuters) – Apple Inc’s (AAPL.O) iPhone 14 models contain a Qualcomm Inc (QCOM.O) chip that can talk to satellites, but have additional custom-designed Apple components used in the phone’s biggest new feature, according to an analysis of the phone by … Read more

U.S. appeals court rejects big tech’s right regulate online speech

Facebook, Google and Twitter logos are seen in this combination photo from Reuters files. REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register Sept 16 (Reuters) – A U.S. appeals court on Friday upheld a Texas law that bars large social media companies from banning or censoring users based on “viewpoint,” a setback … Read more

Uber investigating ‘cybersecurity incident’ after report of breach

An Uber office is shown in Redondo Beach, California, U.S., March 16, 2022. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register Sept 15 (Reuters) – Uber Technologies Inc (UBER.N) said on Thursday it was investigating a cybersecurity incident, after a report that its network was breached and the company had to shut … Read more

Adobe builds collaborative design muscle with $20 bln deal for Figma

Adobe logo is seen on smartphone in this illustration taken June 13, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Sept 15 (Reuters) – Adobe Inc will buy startup Figma for about $20 billion in its biggest deal, the Photoshop maker said on Thursday, bulking up on applications that support online … Read more