TECH

Bankman-Fried says he will testify before the US House committee

Dec 4 (Reuters) – FTX founder Sam Bankman-Fried tweeted on Sunday that he would testify before the House Financial Services Committee after he finished “learning and reviewing” the events that led to the spectacular collapse of his cryptocurrency exchange. The US House Financial Services Committee plans to hold a hearing in December to investigate the …

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Apple and Amazon resume advertising on Twitter, reports say

Dec 3 (Reuters) – Amazon.com Inc (AMZN.O) and Apple Inc (AAPL.O) are planning to resume advertising on Twitter, according to media reports on Saturday. The developments follow an email sent by Twitter on Thursday to advertising agencies offering advertisers incentives to increase their spending on the platform, an effort to jump-start its business after Elon …

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NASA’s Orion spacecraft breaks record to prove humans can reach deep space

To infinity, and beyond. NASA’s Artemis I mission has set an out-of-this-world record for space travel, as its Orion capsule traveled “farther than any other spacecraft built for humans.” The unmanned spacecraft reached 268,563 miles from Earth Monday, the 13th day of the 25.5 day mission that is part of NASA’s lunar exploration program. Upon …

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Coinbase says Apple blocked its last app release on NFTs in wallet

Dec 1 (Reuters) – Coinbase Global Inc (COIN.O) said on Thursday customers using Apple Inc’s (AAPL.O) iOS will not be able to send non-fungible tokens (NFTs) on the cryptocurrency exchange’s wallet anymore. “Apple’s claim is that the gas fees required to send NFTs need to be paid through their In-App Purchase system, so that they …

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Credit Suisse’s fund outflows may spark M&A talk – JPMorgan

ZURICH, Dec 1 (Reuters) – Continued client outflows at Credit Suisse (CSGN.S) could spark speculation of a takeover of the embattled Swiss bank and may lead to the partial sale of its domestic unit, analysts at JPMorgan said on Thursday. Credit Suisse has reported steep outflows as wealthy clients move assets elsewhere, while the bank …

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Amazon records biggest ever Thanksgiving shopping weekend

Amazon said on Wednesday it recorded its biggest ever Thanksgiving weekend this year as shoppers, undeterred by inflation, scooped up everything from New Balance sneakers to Nintendo Switch gaming consoles. Fire TV Sticks, AirPods and Champion clothing were among the top-selling items, Amazon said. Amazon delivery vans being loaded with packages on Monday.Denver Post via …

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Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’

NEW YORK, Nov 30 (Reuters) – Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestions of fraud in his first public appearance since his company’s collapse stunned investors and left creditors facing losses totaling billions of dollars. Speaking via video link at the New York Times’ …

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GM’s Cruise plans to enter ‘a large number of markets’ in 2023

DETROIT, Nov 30 (Reuters) – Cruise, General Motors Co’s ( GM.N ) robotaxi unit, plans to enter a “large number of markets” and scale operations up to “thousands of vehicles” in 2023, Chief Operating Officer Gil West told Reuters. Cruise has announced plans to start offering rides in Austin and Phoenix, adding those cities to …

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Meta ditches office space at Hudson Yards as tech giant cuts costs

Facebook’s parent company Meta is ditching office space that it rented out at the Hudson Yards complex in New York City — the latest sign of belt-tightening at the Silicon Valley-based tech giant that recently laid off thousands of employees. Meta will vacate 250,000 square feet of office space at 30 and 55 Hudson Yards, …

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