Exclusive-US SEC nearing settlement with Wall Street firms over WhatsApp probe -sources
By Chris Prentice and Carolina Mandl NEW YORK (Reuters) -The U.S. Securities and Exchange Commission (SEC) is finalizing settlements with
2023-09-28 09:16
Bernanke Review at BOE to Probe Use of Market Rates in Forecasts
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Analog Devices' fourth-quarter forecasts disappoint as consumer demand weakens
Analog Devices forecast fourth-quarter revenue below Wall Street targets on Wednesday, in a sign that the chip industry
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Introducing Cognite AI, the Generative AI Accelerator for Industrial Data and Value Realization
AUSTIN, Texas & OSLO, Norway--(BUSINESS WIRE)--Jun 15, 2023--
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Brazil’s Supreme Court Upholds Indigenous Land Protections in Win for Lula
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Biden Plans to Ask Congress for $100 Billion in Ukraine, Israel Aid
President Joe Biden is considering a supplemental request of approximately $100 billion that would include defense assistance for
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New Indie World Showcase Uncorks the Bottle on More Than a Dozen Upcoming Nintendo Switch Games
REDMOND, Wash.--(BUSINESS WIRE)--Nov 14, 2023--
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Tineco Unveils Revolutionary Pouch Cell and Three Innovative Features to Enhance Consumer Benefits in Latest Product Line
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What is Elon Musk’s ‘everything app’ X?
Elon Musk’s plan to build an “everything app” is underway. After rebranding Twitter to X, the tech billionaire encouraged users to rethink the “whole concept” of what the platform is. Before he even purchased Twitter in October 2022, Mr Musk said that buying the site was an “accelerant” to creating a super app akin to China’s WeChat, India’s PayTM and Indonesia’s GoJek. These apps offer users the ability to not just make posts, but also send and receive payments, watch and listen to content, and even access services like booking taxis or ordering food deliveries. Earlier this month, Mr Musk reportedly secured money-transmitting licenses in three US states, suggesting it is already preparing to become a payments business. Linda Yaccarino, who took over as the chief executive of Twitter last month, gave more details about what the new X app will become, tweeting on Sunday that the rebranding was part of the company’s goal to “transform the global town square” beyond a social network. “X is the future state of unlimited interactivity – centred in audio, video, messaging, payments/banking – creating a global marketplace for ideas, goods, services, and opportunities. Powered by AI, X will connect us all in ways we’re just beginning to imagine,” she tweeted. “For years, fans and critics alike have pushed Twitter to dream bigger, to innovate faster, and to fulfil our great potential. X will do that and more. We’ve already started to see X take shape over the past 8 months through our rapid feature launches, but we’re just getting started.” X did not respond to a request for further information from The Independent about when such changes might take place. Shortly before his takeover of Twitter was complete, Mr Musk tweeted: “Twitter probably accelerates X by three to five years, but I could be wrong.” Mr Musk has had access to the X.com domain since 2000, during which time he was working on PayPal. Before rebranding Twitter, the website simply showed the letter ‘X’, but now redirects to Twitter.com. Earlier this year, Twitter changed its business name to X Corp to align with Mr Musk’s “everything app” vision, but social media experts have questioned whether such a concept could ever work outside of Asia. “I’ll believe it when I see it,” industry commentator Matt Navarra said at the time of Mr Musk’s takeover. “Super apps, as they are known in the industry, are not a new thing. They’ve been hugely successful in Asia, but have not really caught on elsewhere. Could Twitter form part of a super app that lets you buy goods, chat to friends, get news updates, book a taxi etc.? Sure. Can Elon Musk make it work? Possibly. Will Elon actually do it? Who knows. He seems to have commitment issues.” Others have raised concerns about whether ditching the Twitter brand and associated bird logo could further damage the platform’s reputation, which has been under heavy scrutiny since Mr Musk’s takeover last year. “By changing Twitter’s app name, Elon Musk will have single handedly wiped out over fifteen years of a brand name that has secured its place in our cultural lexicon,” Mike Proulx, a research director at advisory firm Forrester, told The Independent. “This is an extremely risky move because with ‘X,’ Musk is essentially starting over while its competition is afoot.” Read More Twitter rebrands to X as part of Elon Musk’s plan to create an ‘everything app’ Twitter no longer exists as a company What is Elon Musk’s ‘everything app’ X? Elon Musk’s ‘X’ is already trademarked by Mark Zuckerberg Elon Musk red-faced as police halt Twitter sign removal leaving firm called ‘ER’
2023-07-26 16:17
Former Wells Fargo exec Tolstedt avoids prison time in fake-accounts scandal - WSJ
A former Wells Fargo executive Carrie Tolstedt would not serve prison time for her role in the bank's
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Turkish Lira Plunges as State Banks Retreat From Defense
The Turkish lira plunged the most in more than a year to a new record on Wednesday as
2023-06-07 16:46
US economic growth for last quarter is revised up to a still-tepid 1.3% annual rate
The U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the government said Thursday, a slight upgrade from its initial estimate
2023-05-25 20:46
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