The advertising and marketing conglomerate Omnicom Group Inc (OMC.N) has advised clients to temporarily stop spending money on Twitter, according to reports quoting information from an internal memo. . Over 5,000 clients, including Apple and McDonald's Corporation, are served by Omnicom globally....

FTX, a defunct cryptocurrency exchange, is said to have lost at least $1 billion in customer funds, according to a report by Reuters citing two people familiar with the situation.   According to the report, Sam Bankman-Fried, the founder of the exchange, secretly moved $10 billion in...

Days after completing his $44 billion acquisition of Twitter Inc., Tesla Inc. Chief Executive Officer Elon Musk has sold $3.95 billion worth of shares in the electric vehicle manufacturer, according to U.S. regulatory filings.   According to filings made public by the U.S. Securities and...

American chip manufacturer Nvidia Corp. is now selling an advanced chip in China that complies with new export regulations intended to prevent China from obtaining cutting-edge technology, according to a statement from the chip maker.    In response to Reuters' claims that Chinese...

The Wall Street Journal reported on Sunday, citing people familiar with the situation, that Meta Platforms Inc. plans to start mass layoffs this week that will affect thousands of employees. An announcement is expected as early as Wednesday.   Meta chose not to respond to the WSJ article....

Elon Musk, the newly appointed CEO of Twitter Inc., stated on Sunday that the goal of the social media platform was to become the most accurate information source about the world, which sparked discussion about how it would accomplish this goal and who gets to decide what is accurate.   A...

President of the United States Joe Biden claimed on Friday that Elon Musk had bought the libelous Twitter social media platform.   Despite claiming that the team in charge of stopping the spread of misinformation was less affected, Twitter cut half of its staff on Friday as advertisers...

The payments processor PayPal cut its annual revenue forecast and warned of a dismal holiday quarter as consumers cut back on discretionary spending, causing shares of the company to fall 7% in premarket trading.   Consumers' purchasing power has been impacted by decades-high...

After informing staff that they would receive notification of their employment status via email later in the day, Twitter Inc. temporarily closed its doors on Friday. The decision was made after a week of ambiguity regarding the company's future under Elon Musk's ownership.   In an email to...

After Russia cut off its supplies, the soon-to-be-nationalized gas importer Uniper reported a record 40 billion euro ($39.3 billion) net loss in the first nine months of this year, the largest in German corporate history.   By making Uniper the largest corporate casualty of the crisis thus...

According to a Reuters report quoting three people with knowledge of the plan, Wall Street giant Morgan Stanley will likely begin a new round of global layoffs in the coming weeks as dealmaking suffers as a result of rising inflation and the global economic downturn.   According to two...