Category Archives: (Midwest Communications, Inc. Syndication Interface) Technology News (Master Feed)
EBay beats third-quarter revenue estimates, shares rise
(Reuters) - Ecommerce company eBay Inc on Wednesday beat Wall Street targets for third-quarter revenue as consumers snapped up luxury souvenirs and quirky gifts on its platform. Shares of the company ...
Nov 02, 2022
Qualcomm forecasts earnings below estimates as smartphone market weakens
(Reuters) - Smartphone chipmaker Qualcomm Inc forecast first-quarter revenue and profit below Wall Street estimates on Wednesday as its chip business was slammed by slowing demand for mobile phones in...
Nov 02, 2022
Digital bank Chime cuts 12% of workforce as stormy markets hurt fintechs
(Reuters) - Online banking company Chime has laid off 12% of its employees, a spokesperson said on Wednesday, blaming "current market dynamics" as this year's tech rout slams the once-high valuations ...
Nov 02, 2022
France, Singapore, Switzerland jointly test central bank digital currencies
LONDON (Reuters) - France, Singapore and Switzerland have launched a joint trial of their experimental central bank digital currencies (CBDCs) in the first cross-regional trial of its kind. The projec...
Nov 02, 2022
Opendoor Technologies lays off about 18% of workforce
(Reuters) - Property-selling platform Opendoor Technologies Inc is laying off about 550 employees, Chief Executive Officer Eric Wu said on Wednesday. "We're navigating one of the most challenging real...
Nov 02, 2022
Bed Bath & Beyond’s technology chief resigns after possible data breach
(Reuters) - Bed Bath & Beyond Inc said on Wednesday its customer and technology chief, Rafeh Masood, will step down, days after the home goods retailer reported a possible data breach. Last week, Bed ...
Nov 02, 2022
Verkor raises 250 million euros to fund EV battery megafactory
By Nick Carey LONDON (Reuters) - French battery startup Verkor has raised 250 million euros ($248 million) from investors to fund a battery "megafactory" on its way to building a much larger plant to ...
Nov 02, 2022
Bank of Canada sets out path for regulating digital payment providers
By Julie Gordon OTTAWA (Reuters) - The Bank of Canada on Wednesday said it would take a flexible, risk-based approach in its nascent role as a digital payment regulator, aiming to ensure confidence in...
Nov 02, 2022
Twitter will not reinstate banned users without ‘clear process,’ Musk says
By Sheila Dang (Reuters) - Banned accounts will not be allowed back onto Twitter until the social media platform has "a clear process for doing so," Elon Musk tweeted in the early hours on Wednesday, ...
Nov 02, 2022
Binance CEO sees no threat to crypto from central banks’ digital currencies
By Sergio Goncalves and Catarina Demony LISBON (Reuters) - Plans by central banks to launch digital currencies are not a threat to other cryptocurrencies as they would validate blockchain technology a...
Nov 02, 2022
