Bitcoin slides on ‘fraud’ warning from JPMorgan’s Dimon
LONDON (Reuters) – Bitcoin slid by more than 10 percent on Wednesday, as investors sold the cryptocurrency after a warning by JPMorgan Chief Executive Jamie Dimon that it “is a fraud” and will eventually “blow up”.
Target to boost holiday season hiring by 43 percent
(Reuters) – Target Corp said on Wednesday it would hire 100,000 workers for the holiday season, 43 percent more than last year, as the retailer goes all out to attract customers at a time when rivals are closing stores and cutting costs.
Uber’s bid to move Waymo court fight to arbitration denied by appeals court
(Reuters) – Uber Technology Inc’s attempt to move its high-profile trade secrets dispute with Alphabet Inc’s self-driving car unit Waymo to private arbitration was denied again by a U.S. federal appeals court on Wednesday.
Appeals court says Uber cannot move Waymo court fight to arbitration
(Reuters) – A federal appeals court on Wednesday upheld the denial of Uber Technology Inc’s bid to move its high-profile trade secrets dispute with Alphabet Inc’s self-driving car unit Waymo to private arbitration.
Build batteries or lose jobs, auto bosses tell Europe
FRANKFURT (Reuters) – Europe shouldn’t rush to abandon the combustion engine and must build up its own production of electric car batteries to compete with China, auto suppliers and manufacturers said at the Frankfurt motor show.
Trucking industry, Navistar back U.S. self-driving legislation
WASHINGTON (Reuters) – A U.S. trucking trade group and truck maker Navistar International Corp urged a U.S. Senate panel on Wednesday to include self-driving commercial trucks in proposed legislation intended to speed autonomous vehicles to market.
Exclusive: Amazon plans mega-warehouse for Mexico growth spurt
MEXICO CITY (Reuters) – Amazon.com Inc is preparing to open a 1 million square-foot warehouse near Mexico City, sources familiar with the project said, part of an effort to boost its presence in Mexico’s nascent e-commerce industry.
Brazil police detain JBS CEO Batista on suspicion of insider trading
SAO PAULO (Reuters) – Brazil’s federal police on Wednesday detained the chief executive officer of JBS SA, the world’s No. 1 meatpacker, saying he used insider information to avoid hefty losses related to a plea bargain signed earlier this year.
Iphone X shipping delay may dampen Apple’s holiday quarter
(Reuters) – Apple Inc’s highly anticipated iPhone X features a slew of innovations but delayed availability could hurt holiday-quarter sales.
Wall St. opens lower as Apple weighs
(Reuters) – The S&P and the Dow opened little changed on Wednesday, but the Nasdaq Composite was pulled lower by a 1 percent fall in Apple’s shares on concerns about the new iPhone X’s hefty price tag and delayed shipping.
