Business News

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 …

MEXICO CITY (Reuters) – Low-cost carrier Volaris’ El Salvador operation will expand its flights to the United States, adding three new routes out of the San Salvador airport, the company …

(Reuters) -Wells Fargo & Co has cut hundreds of jobs in its mortgage business across the country, Bloomberg News reported on Thursday citing people familiar with the bank’s plans. Higher …

By Michael S. Derby (Reuters) -New York Federal Reserve President John Williams reiterated on Thursday in a television interview his belief that more interest rate rises will be needed to …

(Reuters) – The Biden administration on Thursday proposed an overhaul of the nation’s biofuel policy that would for the first time allow electric vehicle manufacturers to tap into a lucrative …

(Reuters) – LVMH’s Moët Hennessy and Italy’s Campari have taken full ownership of online wines and spirits company Tannico via their joint venture and plan to expand it further, the …

(Reuters) – The U.S. Federal Reserve’s regulatory chief said on Thursday the central bank is exploring adjustments to bank capital requirements, noting the inability of supervisors to predict unexpected shocks …

By Sumeet Chatterjee, Stefania Spezzati and Lawrence White HONG KONG/LONDON (Reuters) -HSBC is cutting as many as 15% of its 2,000 senior operations managers worldwide, as it attempts to streamline …

BRASILIA (Reuters) – Brazil posted a record trade surplus for November, official data showed on Thursday, driven by booming exports, with emphasis on sales to China. According to the Economy …

By Dietrich Knauth (Reuters) – 2022 has been a rough year for the crypto industry. The price of bitcoin has dropped 65% since the start of the year, the cryptocurrency …

WASHINGTON (Reuters) -Advocacy groups, including the Open Markets Institute and National Farmers Union, on Thursday asked U.S. antitrust enforcers to stop Kroger Co’s planned $25 billion purchase of rival grocery …

By Paresh Dave OAKLAND, Calif. (Reuters) – Meta Platforms Inc unlawfully steered dozens of hiring ads from trucking companies and other advertisers to mostly one gender or age group, an …

By Shariq Khan NEW YORK (Reuters) -Oil prices rose about a dollar per barrel on Thursday after top crude importer China eased COVID curbs in two major cities, while the …

By Mehnaz Yasmin and Niket Nishant (Reuters) -Canadian Imperial Bank of Commerce (CIBC), Bank of Montreal and Toronto-Dominion Bank on Thursday joined their bigger peers in setting aside more money …

FRANKFURT (Reuters) – Real interest rates in the euro zone have already risen “quite a bit”, the European Central Bank’s chief economist said on Thursday, in comments suggesting he thought …

(Reuters) -Coinbase Global Inc said on Thursday customers using Apple Inc’s iOS will not be able to send non-fungible tokens (NFTs) on the cryptocurrency exchange’s wallet anymore. “Apple’s claim is …

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending increased solidly in October, while inflation moderated, giving the economy a powerful boost at the start of the fourth quarter as …

By Susan Mathew and Devik Jain (Reuters) -Europe’s STOXX 600 index closed above a three-month high on Thursday, as investors cheered U.S. Federal Reserve Chair Jerome Powell’s hints of smaller …

By Hannah Lang and Chris Prentice (Reuters) -A leading U.S. financial regulator on Thursday urged lawmakers to act quickly to install a regulatory framework for digital assets following the spectacular …

By Foo Yun Chee BRUSSELS (Reuters) -Facebook owner Meta reached out to EU antitrust regulators some time back in an attempt to settle investigations into its use of customer data …

By Dan Burns NEW YORK (Reuters) – The underlying health of the U.S. economy is quite strong and massive investments being made in manufacturing and infrastructure will help bring inflation …

By Peter Thal Larsen (Reuters) – London Stock Exchange Group Plc Chief Executive David Schwimmer said on Thursday that large spikes in volume associated with algorithmic trading have worsened recent …

By Hannah Lang (Reuters) -Several fintech companies that facilitated high volumes of pandemic-related loans to businesses in 2020 had inadequate processes to detect fraud, according to a new report from …