MDIA08

Taylor Swift's concert fiasco leads to US Senate impeachment of Ticketmaster

Taylor Swift’s concert fiasco leads to US Senate impeachment of Ticketmaster

WASHINGTON (Reuters) – U.S. senators criticized Live Nation Entertainment’s lack of transparency and inability to prevent bots from buying tickets on Tuesday, at a hearing after a major failure to sell tickets for Taylor Swift’s upcoming concert tour. Live Nation Entertainment Inc (LYV.N)’s Ticketmaster, unpopular with fans for years, drew fresh criticism from US lawmakers …

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Alphabet cuts 12,000 jobs after pandemic hiring wave, and refocuses on AI

Alphabet cuts 12,000 jobs after pandemic hiring wave, and refocuses on AI

Jan. 20 (Reuters) – Alphabet Inc (GOOGL.O), Google’s parent company, will cut about 12,000 jobs as it faces “a different economic reality,” it said in a note to employees, and is redoubling its intelligence efforts. Artificial (AI) and exclusion of support staff. Pilot projects. The job cuts affect 6% of its workforce, and come after …

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This is what Twitter lost in ad revenue in the last months of 2022

This is what Twitter lost in ad revenue in the last months of 2022

NEW YORK/LONDON (Reuters) – Twitter’s top advertisers slashed their spending after the Elon Musk takeover, according to estimates compiled for Reuters by research firm Pathmatics, in the latest shock to the company’s dominant revenue stream. 14 of Twitter’s top 30 advertisers have suspended all ads on the platform after Musk took over on Oct. 27, …

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Wall Street fell as labor market data fueled Fed concern

Wall Street fell as labor market data fueled Fed concern

Procter & Gamble falls after a warning about commodity cost pressure Netflix drops ahead of quarterly results The Dow Jones fell 0.76%, the Standard & Poor’s 500 fell 0.76% and the Nasdaq 0.96% NEW YORK (Reuters) – U.S. stock indexes closed lower on Thursday after data showing a tightening labor market revived fears that the …

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Stocks rise and the yen rises as the Bank of Japan grapples with falling bond prices

Stocks rise and the yen rises as the Bank of Japan grapples with falling bond prices

The Bank of Japan is under heavy pressure while defending the yield policy The yen rose to a 7-month high, and the yuan rose as the dollar weakened More profits to come, many central bank speakers The British FTSE Index set a record SYDNEY/LONDON (Reuters) – Stocks were boosted on Monday as optimism about corporate …

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TSMC cuts capex for 2023 after recording a fourth quarter with weak chip demand

TSMC cuts capex for 2023 after recording a fourth quarter with weak chip demand

Fourth-quarter profit of NT$295.9 billion, compared to NT$289.44 billion, analysts say Fourth-quarter revenue increased 26.7% year-over-year to $19.93 billion Capex achieved 2023 at $32-36 billion compared to $36.3 billion in the previous year The company plans to increase production abroad TAIPEI (Reuters) – Taiwanese chipmaker TSMC (2330.TW) on Thursday warned that first-quarter revenue will drop …

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Prince Harry says the UK royal family has gone to bed with the 'devil' tabloid

Prince Harry says the UK royal family has gone to bed with the ‘devil’ tabloid

LONDON (Reuters) – Prince Harry said he has made his differences public with the British royal family and taken to journalism to try to help the monarchy and change the media, calling his father King Charles the latest a “suicide mission”. In the first of a series of TV interviews broadcast on Sunday before the …

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