Business News

By Nate Raymond BOSTON (Reuters) – The founder of a defunct cryptocurrency business was sentenced on Tuesday to more than eight years in prison for defrauding investors and customers out …

By Trevor Hunnicutt and David Morgan WASHINGTON (Reuters) – U.S. President Joe Biden and House of Representatives Speaker Kevin McCarthy won’t come to their first meeting over raising the debt …

By Vansh Agarwal and Shreyaa Narayanan (Reuters) -Match Group Inc on Tuesday forecast first-quarter revenue below expectations after Tinder, the face of online dating, became a sore point in 2022 …

By Rae Wee, Elizabeth Howcroft, Alun John and Dietrich Knauth SINGAPORE/LONDON (Reuters) -Bankrupt crypto lender Celsius Network used investor money and customer deposits to prop up its own token while …

By Makiko Yamazaki TOKYO (Reuters) – A rising wave of shareholder activism has turned Tokyo into a growth market for businesses that offer advice on shareholder relations, as corporate Japan …

By David Shepardson WASHINGTON (Reuters) -U.S. air passengers would be offered refunds for delayed flights and transportation on rival carriers under sweeping consumer protections proposed on Tuesday after a series …

By Tiyashi Datta and Aditya Soni (Reuters) -Electronic Arts Inc lowered its annual bookings forecast on Tuesday, as the videogame publisher delayed the release of a title based on the …

By Akash Sriram and David Shepardson WASHINGTON (Reuters) – Tesla Inc disclosed on Tuesday the U.S. Justice Department has sought documents related to its Full Self-Driving (FSD) and Autopilot driver-assistance …

By Foo Yun Chee BRUSSELS (Reuters) – The European Union (EU) will consult the technology and telecoms sectors on whether tech giants like Alphabet Inc’s Google, Meta and Amazon.com Inc …

WASHINGTON (Reuters) – The U.S. Chamber of Commerce, which has indicated that it would oppose a broad rule banning most noncompete agreements for employees, asked the Federal Trade Commission Tuesday …

By Shariq Khan BENGALURU (Reuters) -Oil prices closed steady on Tuesday after recovering from a near three-week low, drawing support from a weakening dollar and on data showing that demand …

BERLIN/PRAGUE (Reuters) – Seven European Union member states from the north and east of the bloc have written to Valdis Dombrovskis, vice president of the European Commission, to warn against …

By Medha Singh and Lisa Pauline Mattackal (Reuters) – Big investors are dipping their toes into crypto waters again after a bumper month for bitcoin. Digital asset investment products, often …

By Stephen Culp (Reuters) – A look at the day ahead in markets from Stephen Culp, New York stock market reporter. Asian stocks are primed for a green Wednesday on …

By Sriparna Roy and Michael Erman (Reuters) -Amgen Inc on Tuesday said its fourth-quarter revenue fell slightly as a 4% increase in sales of its own drugs was offset by …

By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks advanced on Tuesday as it closed out a strong month while U.S. Treasury yields fell as investors assessed …

By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last …

By Foo Yun Chee BRUSSELS (Reuters) -The new few months will be crucial for Twitter to make good on commitments to fully heed European Union online content rules, EU industry …

NEW YORK (Reuters) – Twitter Inc has made its first interest payment on a loan that banks provided to help finance billionaire Elon Musk’s purchase of the social media company …

BEIJING (Reuters) – China is seriously concerned about a report that the United States has stopped approving licences for U.S. companies to export items to tech giant Huawei, a foreign …

By Lucia Mutikani WASHINGTON (Reuters) – U.S. labor costs increased at their slowest pace in a year in the fourth quarter as wage growth slowed, giving the Federal Reserve a …

By Abhijith Ganapavaram and Kannaki Deka (Reuters) -Peloton Interactive Inc’s effort to cut costs in the latest quarter may have helped the fitness equipment maker burn less cash, but that …

By Manya Saini (Reuters) – PayPal Holdings Inc said on Tuesday it is planning to cut 7% of its workforce, or about 2,000 employees, the latest in a list of …

By David Lawder WASHINGTON (Reuters) – The United States on Tuesday said it was seeking a second trade dispute settlement panel over Canada’s dairy import quotas, charging that Canada was …

By Karen Brettell NEW YORK (Reuters) – The dollar fell on Tuesday, giving up earlier gains, after data showed U.S. labor costs increased less than expected in the fourth quarter, …