Business News

By Tom Hals WILMINGTON, Del. (Reuters) – After five days of testimony, including three hours from Elon Musk, a Delaware judge will now decide whether Musk’s $56 billion pay package …

By Michael S. Derby BOSTON (Reuters) – Federal Reserve Bank of Boston President Susan Collins on Friday declined to say how far the central bank will need to raise rates …

By Nathan Gomes (Reuters) -Carvana Co on Friday announced another round of job cuts that will impact about 1,500 employees, or 8% of its workforce, as it attempts to cut …

NEW YORK (Reuters) – The U.S. dollar’s net positioning turned net short in the latest week for the first time since mid-July 2021, according to calculations by Reuters and U.S. …

By Isla Binnie and David French NEW YORK (Reuters) – The owners of two North American renewable natural gas (RNG) producers have put them up for sale, after new U.S. …

By Paresh Dave OAKLAND, Calif. (Reuters) – Alphabet Inc’s Google has struck at least 24 deals with big app developers to stop them from competing with its Play Store, including …

By Sheila Dang, Paresh Dave and Hyunjoo Jin (Reuters) -Hundreds of Twitter Inc employees are estimated to have decided to quit the beleaguered social media company following a Thursday deadline …

WASHINGTON (Reuters) – A White House official said Friday that “this administration believes every company – including social media companies – should take all necessary steps to protect the safety …

By David Shepardson WASHINGTON (Reuters) -German automaker Mercedes Benz and auto supplier Robert Bosch LLC have agreed to pay a total of about $6 million to resolve a lawsuit over …

By Herbert Lash and Carolyn Cohn NEW YORK/LONDON (Reuters) – Global equities edged up and a key part of the Treasury yield curve inverted further on Friday, a sign the …

By Svea Herbst-Bayliss NEW YORK (Reuters) – Law firm Sidley on Friday stepped into the debate over how aggressively corporations should defend themselves against activist investors by warning clients against …

(Reuters) – The White House has called on Elon Musk’s Twitter to explain how it is protecting “the safety of Americans’ online data”, tweeted a CNN reporter on Friday. Twitter …

(Reuters) – Hyundai Motor Co is considering development of additional pickups for the U.S. market, including a “lifestyle” truck, according to Jose Munoz, the Korean automaker’s global president. “I don’t …

By Caroline Valetkevitch NEW YORK (Reuters) – After a disappointing third-quarter reporting period, analysts are projecting that fourth-quarter U.S. earnings will decline for the first time in two years as …

By Sinéad Carew and Amanda Cooper NEW YORK/LONDON (Reuters) – The dollar gained slightly on Friday and remained on track for its largest weekly gain in over a month as …

By Nell Mackenzie LONDON (Reuters) – Credit funds at Blackstone, Apollo, DZ Bank and Astra Asset Management picked up bargains from UK pension funds during their scramble for cash, and …

BRASILIA (Reuters) -Brazilian Economy Minister Paulo Guedes said on Friday the alleged conflict between social needs and fiscal sustainability posed by the new government-elect reveals ignorance and technical inability. Speaking …

By Michael S. Derby (Reuters) – The way the banking system manages its cash suggests the financial system may not be as flush as many now understand, and that could …

By Ahmed Aboulenein WASHINGTON (Reuters) – The divided U.S. Congress after the November midterm elections undermines pharmaceutical companies who want to weaken a new law that allows the government to …

By Andrew Goudsward (Reuters) – FTX founder Sam Bankman-Fried, facing mounting legal challenges over the collapse of his cryptocurrency exchange, may have harmed his defense by speaking publicly in recent …

(Reuters) – Boeing Co said on Friday that the planemaker expects air cargo traffic to increase two-fold over the next 20 years, with the world’s freighter fleet expanding by more …

By Laila Kearney NEW YORK (Reuters) -Oil dropped by about 2% on Friday, logging a second weekly decline, due to concern about weakened demand in China and further increases to …

(Reuters) – Twitter has reinstated the accounts of U.S. comedian Kathy Griffin and academic Jordan Peterson, Elon Musk said on Friday, adding that a decision to bring back former U.S. …