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Reuters

Dec 26, 2022, 6:17 PM

How A Secret Software Change Allowed FTX To Use Client Money

In mid-2020, FTX's chief engineer made a secret change to the cryptocurrency exchange’s software. He tweaked the code to exempt Alameda Research, a hedge fund owned by FTX founder Sam Bankman-Fried, from a feature on the trading platform that would have automatically sold off Alameda's assets if it was losing too much borrowed money.

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  car&bike Team | Dec 26, 2022

  Mahindra Thar To Get New 4x2 Variants

  Aside from missing out on the four-wheel drive system, the diesel Thar will also come with a smaller 1.5-litre engine.

  1 min read
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  Reuters | Dec 26, 2022

  Europe's Car Repairers Call For Competition Rules Rewrite

  The European Commission has recommended extending 2010's Motor Vehicle Block Exemption Regulation (MVBER) for five years when it expires in 2023, with some supplementary guidelines.

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  Reuters | Dec 26, 2022

  Tesla Driver In Multi-Car Crash Told Police Self-Driving Software Malfunctioned

  The police report said the vehicle made an unsafe lane change and was slowing to a stop, which led to another vehicle hitting the Tesla and a chain reaction of additional crashes.

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  Reuters | Dec 26, 2022

  Tesla Falls On Growing Angst Over Musk's Focus On Twitter

  Analysts say investors are worried that Musk may need to sell shares further to fund Twitter and sentiment around the acquisition of the social media firm could hurt the EV maker's brand.

  1 min read
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  Reuters | Dec 26, 2022

  Elon Musk's Vow To Not Sell More Tesla Stock Fails To Calm Investors

  Tesla shares are down 64% for the year, in what could be their worst annual performance since going public in 2010 as investors worry that Twitter was consuming much of the billionaire's time.

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  Reuters | Dec 26, 2022

  Israeli Startup Makes Inroads With Personal Flying Vehicle

  The test-phase voyage may not look out of the ordinary at first given the huge progress made in drone technology. Another propellered aircraft rising vertically off the ground and then thrusting forward high in the sky.

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  Reuters | Dec 25, 2022

  Investor In Musk's Twitter Buyout Expects To Make Up To Five Times Its Money

  One of the biggest investors in Musk's acquisition of Twitter, Aliya Capital Partners LLC, said it expects to make up to five times its money despite the social media company's problems.

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  Reuters | Dec 25, 2022

  TuSimple Plans To Layoff Half Its Workforce Next Week - Report

  Self driving trucking company TuSimple Holdings Inc plans to potentially cut half of its workforce next week.

  1 min read