TECH

ASML shares fall on report US wants to restrict sales to China

ASML logo is seen in this illustration taken February 28, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register AMSTERDAM, July 5 (Reuters) – Shares in ASML Holding (ASML.AS), a key supplier of equipment to semiconductor makers, fell on Tuesday following a Bloomberg News report that the US government wants to restrict …

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Tesla plays ‘whack-a-mole’ with snags as deliveries fall for first time in two years

July 5 (Reuters) – Tesla Inc (TSLA.O) faces a series of hurdles ranging from production snags to rising inflation that may hit profits, Wall Street analysts said on Tuesday, as the electric-car maker reported a fall in deliveries for the first time in two years. Stung by China’s COVID-19 lockdowns and soaring costs, Tesla said …

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Thousands of techies lose jobs in US, nearly 12,000 in Indian startups: Survey

About 22,000 workers in the tech and startup sector, along with more than 12,000 in the Indian startup ecosystem, have lost jobs this year as companies which benefited from a pandemic boom are feeling pressure amid economic meltdown, according to Crunchbase. The startups are reportedly finding fundraising much more difficult as their valuations have started …

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German road traffic agency says 59,000 Tesla vehicles have software glitch

FRANKFURT, July 3 (Reuters) – Germany’s road traffic agency said it was recalling Tesla (TSLA.O) models Y and 3 because of a fault in the automatic emergency call system that affects 59,000 vehicles globally. The KBA watchdog said on its website dated June 29 that a software flaw was causing a breakdown of the eCall, …

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Wall Street ends first day of third quarter with solid rebound

US factory activity decelerates more than expected in June Micron’s downbeat forecast prompts chip sell-off Kohl’s tumbles after calling off sale to Franchise Group Indexes up: Dow 1.05%, S&P 1.06%, Nasdaq 0.90% NEW YORK, July 1 (Reuters) – Wall Street bounced back to a sharply higher close in light trading on Friday as investors embarked …

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Meta wants to oust workers who ‘shouldn’t be here’

Facebook parent Meta wants to cut ties with workers who can’t meet newly raised performance expectations as the company prepares for an economic downturn, CEO Mark Zuckerberg bluntly revealed this week. Zuckerberg’s frank admission came during a Q&A session with employees in which he warned that a recent slump in the markets “might be one …

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Daily Harvest hit with lawsuits from people who say they had their gallbladders removed after consuming its product

Daily Harvest, a direct-to-consumer brand that relied on a network of online influencers to promote its products, announced earlier this month the voluntary recall of its French Lentil and Leek Crumbles after people who consumed it becoming reported ill. Several influencers told CNN Business last week that they spent time in the hospital with mysterious …

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