In Mexico, a journalist published an article. The next day he was shot

In Mexico, a journalist published an article.  The next day he was shot

MEXICO CITY, Jan 21 (Reuters) – Just after sunset on Thursday, February 10, two men in a white Dodge Ram pickup truck pulled up outside Heber Lopez Vasquez’s small radio studio in southern Mexico. A man came out, walked inside and shot the 42-year-old journalist dead. Lopez’s 12-year-old son Oscar, the only person with him, … Read more

Feds seized nearly $700 million from FTX founder Bankman-Fried

Feds seized nearly 0 million from FTX founder Bankman-Fried

Jan 20 (Reuters) – Federal prosecutors seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, much of it in the form of Robinhood stock, according to a court filing on Friday. Bankman-Fried, who was accused of stealing billions of dollars from FTX clients to pay debts incurred by his crypto-focused hedge … Read more

Amazon’s AWS to invest $35 billion in Virginia

Amazon’s AWS to invest  billion in Virginia

WASHINGTON, Jan 20 (Reuters) – The cloud services division of Amazon.com Inc (AMZN.O) said on Friday it plans to invest an additional $35 billion by 2040 to expand data centers in Virginia. Amazon Web Services (AWS) said the new investment will create 1,000 jobs. Republican Virginia Governor Glenn Youngkin said AWS will establish multiple data … Read more

Alphabet cuts 12,000 jobs after pandemic hiring spree, refocuses on AI

Alphabet cuts 12,000 jobs after pandemic hiring spree, refocuses on AI

Jan 20 (Reuters) – Google’s parent company Alphabet Inc (GOOGL.O) is cutting around 12,000 jobs as it faces “a different economic reality”, it said in a memo, doubling down artificial intelligence (AI) and removing staff who support experimental projects. The job cuts affect 6% of its workforce and follow thousands of layoffs at tech giants … Read more

US home sales fall to 12-year low; glimmers of hope are emerging

US home sales fall to 12-year low;  glimmers of hope are emerging

Existing home sales fall 1.5% in December Sales fall 17.8% in 2022, the biggest annual drop since 2008 Median home price rises 2.3% from a year ago WASHINGTON, Jan 20 (Reuters) – U.S. existing home sales fell to their lowest level in 12 years in December, but falling mortgage rates prompted cautious optimism that the … Read more

Musk expected to take a stand as trial resumes over Tesla tweet

Musk expected to take a stand as trial resumes over Tesla tweet

SAN FRANCISCO, Jan 20 (Reuters) – Tesla Inc chief executive Elon Musk (TSLA.O) is set to testify in a jury trial on Friday over his 2018 Twitter post that he had ” secured financing” to take the power automaker private, which shareholders say has cost them millions in business losses. The class action lawsuit in … Read more

Genesis Crypto Lending Unit Files For Bankruptcy In The US

Genesis Crypto Lending Unit Files For Bankruptcy In The US

Jan 20 (Reuters) – The loan unit of crypto firm Genesis filed for bankruptcy protection in the United States on Thursday, owing its creditors at least $3.4 billion, after being knocked down by a rout market with companies like FTX exchange and lender BlockFi. Genesis Global Capital, one of the biggest crypto lenders, froze client … Read more

The Fed will offer two 25 basis point hikes in the first quarter, followed by a long pause

The Fed will offer two 25 basis point hikes in the first quarter, followed by a long pause

BENGALURU, Jan 20 (Reuters) – The U.S. Federal Reserve will end its tightening cycle after hiking 25 basis points at each of its next two policy meetings, then likely keep interest rates stable for at least the next rest of the year, according to most economists in a Reuters poll. Fed officials generally agree that … Read more

Here’s what Twitter lost in ad revenue in the final months of 2022

Here’s what Twitter lost in ad revenue in the final months of 2022

NEW YORK/LONDON, Jan 20 (Reuters) – Top advertisers on Twitter cut spending after the Elon Musk takeover, according to estimates compiled for Reuters by research firm Pathmatics, in the latest shock to the top source. of business income. According to Pathmatics estimates, fourteen of the top 30 advertisers on Twitter ceased all advertising on the … Read more

Davos 2023: Intimidated Crypto Crowd Feels Winter Freeze at WEF

Davos 2023: Intimidated Crypto Crowd Feels Winter Freeze at WEF

DAVOS, Switzerland, Jan 19 (Reuters) – In the snow and ice on the main street of Davos, the impact of the crypto winter is evident for WEF attendees. Last May, the dressed storefronts that line both sides of Promenade Street that runs through the Swiss ski resort were dominated by crypto companies, rolling in bitcoin. … Read more