Business News

(Reuters) – A group of four conservative-leaning U.S. states is challenging a new rule from Wall Street’s top regulator that requires certain investment funds to reveal more about how they …

(Reuters) – The U.S. Federal Reserve on Thursday denied crypto-focused Custodia Bank’s request that the central bank reconsider its application to become a member of the Federal Reserve System. The …

(Reuters) – Carvana Co said on Thursday its net loss rose over nine-fold in the fourth quarter hurt by shrinking demand for pre-owned vehicles, sending its shares down 5% in …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. All eyes on Friday – not just in Asia but around the world …

(Refiling to fix transposed words in penultimate paragraph to make it “have been” instead of “been have”) By Laura Matthews NEW YORK (Reuters) – The dollar clung to modest gains …

By Daniel Wiessner (Reuters) – A federal judge in Detroit on Thursday dealt a blow to a U.S. labor agency by drastically narrowing his recent order that had barred Starbucks …

(Reuters) – Beyond Meat Inc on Thursday forecast full-year revenue above market estimates, on the back of demand for its plant-based meat products such as patties, sausages and meatballs at …

By Olivier Sorgho (Reuters) -French car parts maker Valeo on Thursday forecast strong sales growth this year, as record 2022 orders helped by demand for car electrification and driving assistance …

By Brendan Pierson (Reuters) – Swiss drugmaker Novartis AG has agreed to pay $30 million to settle claims by health plans and consumers that it schemed to delay the U.S. …

By Pete Schroeder and Hannah Lang WASHINGTON (Reuters) -Top U.S. banking regulators issued a fresh warning to banks to be on guard for any liquidity risks from cryptocurrency-related clients, cautioning …

By Chavi Mehta (Reuters) – As the artificial intelligence boom takes off, Nvidia Corp is expected to emerge as the biggest – though not the only – winner among chipmakers …

By Hyunjoo Jin and Akash Sriram SAN FRANCISCO (Reuters) -Elon Musk is not entirely abandoning California, saying on Wednesday that Tesla Inc will make the state its global engineering home, …

By Laura Sanicola (Reuters) -Oil prices settled up 2% on Thursday on expectations of steep cuts to Russian production next month, but a stronger dollar and a sharper-than-expected jump in …

By Siddharth Cavale (Reuters) – As American shoppers stomach soaring food prices, they are cutting back on purchases of other goods, such as toys, clothing and housewares, in a challenging …

By Jonathan Stempel NEW YORK (Reuters) -A former pharmaceutical executive and his cousin were charged on Thursday with insider trading in Eastman Kodak Co stock based on tips that the …

By Leroy Leo (Reuters) – Moderna Inc on Thursday forecast declining COVID-19 vaccine sales and rising costs for 2023, raising concerns the U.S. biotech company could post a loss this …

By Saqib Iqbal Ahmed NEW YORK (Reuters) – An intraday dip in the S&P 500 Index on Thursday was spurred by large trades in short-dated derivatives that piled selling pressure …

By Ariba Shahid KARACHI, Pakistan (Reuters) -Pakistan’s central bank is set to raise interest rates as early as this week in an off-cycle review, investors said, as the South Asian …

By Tom Wilson and Yana Gaur (Reuters) -The U.S. Securities and Exchange Commission and New York’s top financial regulator have opposed crypto exchange Binance.US’s $1 billion deal to buy bankrupt …

(Reuters) -Grab Holdings Ltd, Southeast Asia’s biggest ride-hailing and food delivery firm, on Thursday forecast upbeat 2023 revenue and pulled forward its profitability timeline, betting on strong demand for its …

By Leah Douglas ARLINGTON, Va. (Reuters) – Having lingered near record highs for months, egg prices will fall dramatically this year provided the United States does not see a rebound …

By Diane Bartz WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo on Thursday said the government will encourage companies to build at least two advanced domestic computer chip factories employing …

By Chibuike Oguh NEW YORK (Reuters) – Blackstone Inc, the world’s largest private equity firm, is set to raise as much as $10 billion for its tactical opportunities strategy, which …

(Reuters) -Netflix Inc said on Thursday it has cut prices of its subscription plans in some countries as the streaming giant looks to maintain subscriber growth amid stiff competition and …

HARARE (Reuters) -Zimbabwe’s president said on Thursday the government was committed to a plan to clear more than $6 billion of external debt arrears which were hindering its access to …