Author name: com373news

Twitter executives face questions from employees after whistleblower claims

CEO Parag Agrawal opened the company-wide meeting by pushing back on claims made by Peiter “Mudge” Zatko, Twitter’s former head of security. Zatko’s whistleblower disclosure alleges Twitter’s security practices are so poor they pose a threat to national security and democracy and claimed some of the company’s executive team have tried to cover it up. …

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STOCK MARKET NEWS: Bed Bath & Beyond soars, durable goods mixed, oil spikes

Luxury e-commerce specialist Farfetch gains on investment in Cartier jewelry maker’s platform Symbol Price Change %Change FTCH $9.46 1.62 20.66 Richemont Wednesday announced a long-awaited deal to offload most of its online fashion retailer YOOX Net-A-Porter (YNAP), clearing the way for its labels to sign up for technology run by luxury e-commerce specialist Farfetch. The …

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Home prices plunging in ‘pandemic boomtowns’ as market slumps

Homeowners in markets that boomed when the real estate sector was red-hot during the COVID-19 pandemic are now forced to slash prices due to dwindling demand, according to data released Monday by Redfin. Across the US, 21% of home sellers dropped their asking prices in July – the highest share since Redfin began tracking the …

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Oil pares losses after Saudi oilmin says OPEC+ has options including cuts

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian Register now for FREE unlimited access to Reuters.com Register OPEC+ has options to meet challenges, including cuts -Saudi oilmin US Fed to raise rates by 50 bps in Sept …

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Gas-powered muscle cars drive into the sunset, turn electric

The Dodge Charger Daytona SRT Concept is shown. Gas-powered muscle cars will be closing in on their final Saturday-night cruises in the coming years as automakers begin replacing them with super-fast cars that run on batteries. (Stellantis via Associated Press) Estimated read time: 4-5 minutes PONTIAC, Mich. — Thundering gas-powered muscle cars, for decades a …

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Why wages are the hottest inflation signal to watch for Fed, markets

A sign advertising jobs stands near the SMART Alabama, LLC auto parts plant and Hyundai Motor Co. subsidiary, in Luverne, Alabama, July 14, 2022. Joshua Schneyer | Reuters The latest consumer and producer price data presented key evidence that inflation is easing, but the one key inflation read for the Federal Reserve that has not …

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