Content moderator in Kenya sues Meta over working conditions

NAIROBI, May 10 (Reuters) – A former moderator working for Facebook owner Meta Platforms Inc. (FB.O) on Tuesday filed a lawsuit alleging that poor working conditions for contracted content moderators violate the Kenyan constitution. The petition, also filed against Meta’s local outsourcing company, Sama, alleges that workers who moderate Facebook posts in Kenya have been … Read more

Google faces internal battle over AI research to speed up chip design

The Google app logo is seen on a smartphone in this illustration taken September 15, 2017. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Register OAKLAND, Calif., May 2 (Reuters) – Alphabet Inc’s (GOOGL.O) Google said on Monday it had recently fired a senior engineering manager after colleagues, whose landmark research on artificial … Read more

China signals easing tech pressure in bid to revive economy

People wearing face masks walk past a street amid snowfall, following the outbreak of the coronavirus disease (COVID-19), at a shopping area in Beijing, China March 17, 2022. REUTERS/Tingshu Wang Join now for FREE unlimited access to Register BEIJING/HONG KONG, April 29 (Reuters) – China on Friday signaled an easing of its crackdown on … Read more

US and European stocks rise amid mixed earnings; The euro at its lowest since 2017

FILE PHOTO – A stockbroker works at the Frankfurt Stock Exchange as markets react to the coronavirus disease (COVID-19), at the Frankfurt Stock Exchange, Germany March 27, 2020. REUTERS/Kai Pfaffenbach Join now for FREE unlimited access to Register WASHINGTON/LONDON, April 27 (Reuters) – Major U.S. and European stock indexes rose in choppy trading on … Read more

Nasdaq ends sharply higher after Twitter agrees to takeover by Musk

Wall Street fear gauge at highest since mid-March Twitter surges after Elon Musk takeover deal Beijing threatened with lockdown, cyclicals lead declines Indices: Dow +0.70%, S&P 500 +0.57%, Nasdaq +1.29% April 25 (Reuters) – Wall Street rose on Monday, with the Nasdaq ending sharply higher after Twitter agreed to be taken over by billionaire Elon … Read more

Elon Musk’s Tesla Accelerates Cost Rise With Price Hikes

SAN FRANCISCO, April 20 (Reuters) – Tesla Inc results (TSLA.O) beat Wall Street expectations on Wednesday as higher prices helped insulate the electric vehicle maker from supply chain chaos and rising costs. The results are also expected to trigger $23 billion in new payouts to CEO Elon Musk, already the world’s richest man. Tesla has … Read more

Ackman Drops Netflix, Suffering $400M Loss as Stocks Tumble

April 20 (Reuters) – Billionaire investor William Ackman has liquidated a $1.1 billion bet on Netflix (NFLX.O) Wednesday, locking in a loss of more than $400 million as the streaming service’s shares plunged after news it had lost subscribers for the first time in a decade. Ackman’s hedge fund, Pershing Square Capital Management, flip-flopped, selling … Read more

Nasdaq drops as Netflix subscriber numbers weigh on tech

Procter & Gamble wants to raise its sales forecast for the year IBM wins on optimistic forecast, first quarter results are better Netflix plummets after losing subscribers in first quarter Indices: Dow up 0.71%, S&P down 0.06%, Nasdaq down 1.22% April 20 (Reuters) – The tech-heavy Nasdaq tumbled on Wednesday as Netflix’s surprise subscriber slump … Read more

Wall St ends lower as investors await further earnings hints

Bank of America boosts the S&P 500 Twitter wins after adopting ‘poison pill’ Didi to meet on US delisting plans, stocks fall Indices down: Dow 0.11%, S&P 0.02%, Nasdaq 0.14% April 18 (Reuters) – U.S. stocks closed lower on Monday after a session in which all three benchmarks slid between positive and negative territory as … Read more

In latest gaming crackdown, China bans live streaming of unauthorized titles

A man plays an online game on a computer at an internet cafe in Beijing, China August 31, 2021. REUTERS/Florence Lo Join now for FREE unlimited access to Register BEIJING/HONG KONG, April 15 (Reuters) – China on Friday said live streaming of unauthorized video games was banned, signaling tougher enforcement of the rules as … Read more