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Wall Street drops as the Fed exchange rate rises

Megacap growth stocks fall against higher yields Oil prices add to inflation problems after OPEC+ production cut Weekly jobless claims in the US increased more than expected Indices down: Dow Jones down 0.94%, Standard & Poor’s 0.74%, Nasdaq down 0.38%. Oct 6 (Reuters) – Wall Street’s main indexes fell further on Thursday as concerns mounted … Read more

EXCLUSIVE: Brands post ads on Twitter next to child pornography accounts

Sept 28 (Reuters) – Some major advertisers including Dyson, Mazda, Forbes and PBS Kids have halted their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets urging child pornography, the companies told Reuters. Brands ranging from The Walt Disney Company (DIS.N)NBCUniversal (CMCSA.O) The Coca-Cola Company (KO.N) Children’s Hospital … Read more

EXCLUSIVE Grab sees no major layoffs despite weak market

A man walks past an office in Singapore, March 26, 2018. REUTERS/Edgar Su Register now to get free unlimited access to Reuters.com Register SINGAPORE (Reuters) – Grab, Southeast Asia’s largest car-servicing and food-delivery company, does not envision having to mass lay off workers as some competitors have done, and is hiring selectively, while reining in … Read more

Snap to cut 20% of staff, cancel projects in cost-cutting efforts

The Snapchat app logo is seen on a smartphone in this illustration taken on September 15, 2017. REUTERS / Dado Ruvic / Illustration / File Photo Register now to get free unlimited access to Reuters.com Register August 31 (Reuters) – Snap Inc (SNAP.N) On Wednesday, it said it would lay off 20% of all employees … Read more