CES, the annual tech industry event formerly known as the Consumer Electronics Show, is returning to Las Vegas this January with the hope that it looks more like it did before the coronavirus pandemic.
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The S&P 500 closed 1.4% lower after being down as much as 2.9% earlier. The Nasdaq fell 2.2% and the Dow gave up 1%.
His run as CEO has been marked by quickly issued rules and policies that have often been withdrawn or changed soon after being made public.
The Conference Board reported Wednesday that its consumer confidence index rose to 108.3 in December, up from 101.4 in November.
“We know that many of our users may be active on other social media platforms; however, going forward, Twitter will no longer allow free promotion of specific social media platforms on Twitter,” the company said in a statement.
Stocks tumbled in the U.S. and Europe as investors grew increasingly concerned that the Federal Reserve and other central banks are willing to risk a recession to bring inflation under control.
The Justice Department said the defendants showcased their “extravagant lifestyles” to fool others into thinking they were skilled stock traders.
“He said this is free speech, and he’s doing the opposite,” said Jack Sweeney, the 20-year-old college sophomore and programmer who started the flight-tracking account.
The achievement will pave the way for advancements in national defense and the future of clean power, officials said.
Sam Bankman-Fried was arrested Monday by Bahamian authorities at the request of the U.S. government.
On a month-to-month basis, the consumer price index rose just 0.1% in November, down from 0.4% in October.
Days after the social media platform was bought for $44 billion, the company told about half of employees on Nov. 4 that they no longer had a job.
Jerome Powell, speaking at the Brookings Institution, reaffirmed that the central bank could begin moderating its pace of rate hikes as soon as December.
Cryptocurrency lender BlockFi filed for Chapter 11 bankruptcy protection Monday, the latest casualty of the collapse of crypto exchange FTX.
The nation’s major shipping companies are in the best shape to get holiday shoppers’ packages delivered on time since the start of the pandemic, suggesting a return to normalcy.
The likelihood of a national rail strike grew when the union representing conductors, rejected management’s latest offer.
Customers fled the exchange after becoming concerned about whether FTX had sufficient capital.
“Without significant subscription revenue, there is a good chance Twitter will not survive the upcoming economic downturn,” he said in an email to employees.
Wall Street surged to its best day since April 2020 as markets cheered a government report that inflation cooled more than expected last month.
The year-over-year increase, down from 8.2 percent in September, was the smallest rise since January.
The job cuts come just a week after widespread layoffs at Twitter under its new owner, billionaire Elon Musk.
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