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Yen jumps and dollar slips as traders eye interest rate tweaks
Yen jumps and dollar slips as traders eye interest rate tweaks
By Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) -The yen rallied against the dollar for a fourth straight session on
2023-11-21 17:19
Advertisers ‘won’t take risk’ of returning to X after Elon Musk’s expletive-filled rant
Advertisers ‘won’t take risk’ of returning to X after Elon Musk’s expletive-filled rant
Advertisers are refusing to return to X – formerly Twitter – after the platform’s owner Elon Musk told them to “go f*** yourselves” if they try to pull their marketing from the microblogging site. After Mr Musk was accused of antisemitism last month, a number of the world’s biggest companies and X’s biggest advertisers, including Apple and IBM, pulled their marketing from the platform. While the Tesla chief initially said he was “sorry” and denied any suggestion he was antisemitic, he later added that advertisers who withdrew their marketing from X because of his tweet should “go f*** yourselves”. “If someone is going to try to blackmail me with advertising, blackmail me with money? Go f*** yourself. Go f*** yourself. Is that clear? I hope it is,” Mr Musk said at the New York Times’ Dealbook Summit. “The whole world will know that those advertisers killed the company and we’ll document it in great detail,” he added. Now, a number of marketing agencies say the brands they represent are firmly against returning to advertising on X. “Thank you Elon Musk, for making it very clear how seriously you take advertisers concerns... Advertisers, judge for yourselves if this is a man who you can do business with,” Lou Paskalis, the founder and chief of the marketing consultancy AJL Advisory, posted on X. “There is no advertising value that would offset the reputational risk of going back on the platform,” Mr Paskalis told NYT. Advertisers are unlikely to step in to support X, said Ruben Schreurs, the chief strategy officer at marketing firm Ebiquity. The row began last month after Mr Musk endorsed a post claiming that Jewish people “have been pushing the exact kind of dialectical hatred against whites that they claim to want people to stop using against them” as the “actual truth”. In response, a number of top companies, including Apple, Disney and Coca Cola, have since removed paid ads from X – moves that could slash the company’s revenue by millions of dollars. Watchdog Media Matters also published a report alleging that ads on X were being placed next to posts supporing Nazism, in response to which the social media company filed a defamation claim against the group. Mr Musk’s rank at the Dealbook Summit came come on Wednesday. “I will certainly not pander,” the multibillionaire said. He even took a direct jab at Disney chief Bob Iger who had earlier explained why the entertainment company had pulled advertising from X. Just hours after Mr Musk’s expletive-laden comment on Wednesday, X chief Linda Yaccarino attempted to soften the damage, sharing the owner’s apology on the platform and appealing to advertisers to return. “Here’s my perspective when it comes to advertising: X is standing at a unique and amazing intersection of Free Speech and Main Street — and the X community is powerful and here to welcome you,” Ms Yaccarino said. “Businesses are simply full of people, and people like to be treated well, respected and dealt with with dignity,” Steve Boehler, founder of marketing management consultancy Mercer Island Group, told NYT. Read More Everything we know about Tesla’s Cybertruck after first cars are delivered Musk says antisemitic tweet was ‘foolish’ – but blames media for angry reaction Elon Musk believes OpenAI may have made ‘dangerous’ discovery OpenAI may have made a ‘dangerous’ artificial intelligence discovery, Elon Musk says Elon Musk publicly tells advertisers to ‘go f*** yourselves’ Elon Musk mocked for trying to resurrect QAnon Pizzagate conspiracy
2023-12-01 19:29
José Miranda put on injured list by Twins, who recall Matt Wallner from Triple-A
José Miranda put on injured list by Twins, who recall Matt Wallner from Triple-A
Third baseman José Miranda was put on the 10-day injured list by the Minnesota Twins because of a right shoulder impingement and top prospect Matt Wallner was recalled from Triple-A St. Paul
2023-07-16 06:53
NFL Rumors: Shocking Trey Lance destination among favorites for trade
NFL Rumors: Shocking Trey Lance destination among favorites for trade
In a shocking development, trade odds favor the Pittsburgh Steelers as a potential destination for San Francisco 49ers QB Trey Lance.
2023-08-25 04:51
Replacing Busquets is key to Barca success next season: Xavi
Replacing Busquets is key to Barca success next season: Xavi
Barcelona coach Xavi Hernandez said Saturday it was key for his side to replace the departing Sergio Busquets if they want to...
2023-05-27 20:55
Suga announces military service start date, bids emotional goodbye to BTS Army
Suga announces military service start date, bids emotional goodbye to BTS Army
As per a fan’s translation, Suga feels his service time is nothing to be sad about and said to his fans that he’ll ‘see them again in 2025'
2023-09-19 05:53
Gabon coup will not end rule by Bongo clan - presidential source
Gabon coup will not end rule by Bongo clan - presidential source
A source close to the deposed president says those celebrating the coup should not expect much change.
2023-09-03 01:22
Israeli forces detain director of Gaza's al-Shifa Hospital
Israeli forces detain director of Gaza's al-Shifa Hospital
Dr Mohammed Abu Salmiya was held as he evacuated patients to the south, colleagues say.
2023-11-23 22:28
'Role he was born to play': Mindy Kaling pays tribute to dad on Father's Day as she shares his rare pic with her 2 children
'Role he was born to play': Mindy Kaling pays tribute to dad on Father's Day as she shares his rare pic with her 2 children
This was a surprising post to many as Mindy Kaling is extremely private about her personal life across social media, especially when it comes to her children
2023-06-19 12:30
US releases video showing close-call in Taiwan Strait with Chinese destroyer
US releases video showing close-call in Taiwan Strait with Chinese destroyer
The United States military has released video of what it called an “unsafe” Chinese maneuver in the Taiwan Strait on the weekend, in which a Chinese navy ship cut sharply across the path of an American destroyer, forcing the U.S. ship to slow to avoid a collision
2023-06-05 12:48
Mercenary Prigozhin warns Russia could face revolution unless elite gets serious about war
Mercenary Prigozhin warns Russia could face revolution unless elite gets serious about war
(This story contains language that readers may find offensive in paragraph 5) MOSCOW Yevgeny Prigozhin, the founder of
2023-05-24 14:55
World Bank chief pledges to reform 'dysfunctional' development lender
World Bank chief pledges to reform 'dysfunctional' development lender
World Bank President Ajay Banga said Tuesday that he is working to reform the "dysfunctional" development lender, and pledged to refocus its mission to better address the...
2023-09-27 03:47