Nasdaq boosted by Tesla, interest rate hike fears remain

Tesla gains on plans to increase production The main indicators are set for the third consecutive quarterly decline Nike backtracks on margin warning and drags sports equipment makers The Dow is down 0.36%, the S&P is flat, and the Nasdaq is up 0.32%. Sept 30 (Reuters) – The Nasdaq rose on Friday as Tesla rose … 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 ride-hailing and food delivery company, isn’t envisioning mass layoffs as some competitors have, and is hiring selectively, while reining in its financial services ambitions. Chief … Read more

Traffic, water shortages and now floods: the slow death of India’s tech hub?

A large part of Bengaluru has been submerged in recent floods Forced residents to wade into deep water The unrest raises questions about the city’s future as a technology hub Authorities have vowed to act, but severe weather may complicate plans BENGALURU (Reuters) – Harish Polanor spent weekends in the late 1980s wandering the swamps … Read more