Business News

By Hannah Lang and Susan Heavey WASHINGTON (Reuters) -FTX founder Sam Bankman-Fried denied knowing that deposits were being used to pay its affiliated cryptocurrency trading firm Alameda Research, he told …

By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Communications Commission (FCC) said on Thursday it approved SpaceX’s bid to deploy up to 7,500 satellites, but put on hold some other …

By Helen Coster (Reuters) -The parent company of social media platform Parler and American rapper Kanye West, who now goes by Ye, have agreed to terminate the intent of the …

NEW YORK (Reuters) – World Bank President David Malpass on Thursday said the expected cost for rebuilding Ukraine will go up “quite a bit” from the roughly $350 billion estimated …

By Michael S. Derby (Reuters) – Federal Reserve interest rate policy has moved beyond the level called for by commonly followed monetary policy rules, according to a report released on …

By Ann Saphir (Reuters) -Austan Goolsbee, a former economic advisor to the Obama White House, will take over as the president of the Federal Reserve Bank of Chicago when its …

By P.J. Huffstutter CHICAGO (Reuters) – Soaring grain and livestock prices are expected to push U.S. farm incomes to a historic high this year, as producers benefit from strong global …

By Jeffrey Dastin LAS VEGAS (Reuters) – Amazon.com Inc hopes to interest a wider range of industries in the technology it developed for cashier-less checkout at brick-and-mortar shops, a vice …

(Reuters) -Chevron Corp is unlikely to add investment in Venezuela in the next six months despite a recent U.S. license to allow it to expand its operations in the South …

By Fergal Smith TORONTO (Reuters) – Canada’s main stock index rose on Thursday to its highest closing level in nearly six months as technology and gold mining shares climbed and …

(Reuters) – Electric-vehicle maker Fisker Inc said on Thursday that it does not have a bank guarantee with manufacturing partner Magna Steyr, the Austrian unit of Magna International Inc, in …

By Ann Saphir (Reuters) – Federal Reserve Vice Chair of Supervision Michael Barr on Thursday signaled that he is among U.S. central bankers backing a slowdown in the pace of …

By Michel Rose, Jeff Mason and Jarrett Renshaw WASHINGTON (Reuters) – U.S. President Joe Biden said that new laws that give incentives for domestic production of computer chips and renewable …

By Diane Bartz WASHINGTON (Reuters) – The attorneys general of California, Illinois and Washington D.C. asked a federal court on Thursday for a preliminary injunction that would prevent Albertsons Companies …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets close the week on a solid footing, which is how they …

By Ross Kerber (Reuters) -Florida’s chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc, the biggest such divestment by …

By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) – Wall Street equities made little progress in Thursday’s choppy session as investors digested economic data after a big rally in …

WASHINGTON (Reuters) – The collapse of Bahamas-based cryptocurrency exchange FTX points up the need for the United States to cooperate with other countries to develop effective international regulations for the …

By Andrea Shalal NEW YORK (Reuters) – Damage from Russian attacks on Ukraine’s infrastructure are increasing the amount of aid the country needs “front-loaded” ahead of the harsh winter months, …

By Andrea Shalal NEW YORK (Reuters) -Damage from Russian attacks on Ukraine’s infrastructure are increasing the amount of aid the country needs “front-loaded” ahead of the harsh winter months, the …

By Fergal Smith TORONTO (Reuters) – The Canadian dollar weakened against its U.S. counterpart on Thursday as investors reduced bets on another oversized interest rate hike by the Bank of …

By Marianna Parraga HOUSTON (Reuters) – U.S. oil refiners that once were regular buyers of Venezuelan crude are jockeying to win access to coming cargoes chartered by Chevron Corp under …

By Foo Yun Chee BRUSSELS (Reuters) -The U.S. Chamber of Commerce and 12 other groups on Thursday warned the European Union against adopting rules that could exclude Amazon, Alphabet unit …

By Jonathan Stempel NEW YORK (Reuters) – CarMax Inc, the largest U.S. used car retailer, agreed to pay $1 million to resolve claims by 36 states that it failed to …

By Rachael Levy (Reuters) -Elon Musk said on Wednesday he expects a wireless brain chip developed by his company Neuralink to begin human clinical trials in six months, after the …