Business News

By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – The Federal Reserve has won the near-term battle against inflation, but interest rates are likely to stay higher for longer, …

(Reuters) – Democratic Senator Elizabeth Warren asked JetBlue CEO Robin Hayes to answer if the low-cost airline privately forecast its planned $3.8 billion merger with Spirit Airlines will dramatically hike …

(Reuters) – A pending law in California that would require companies to make climate-related disclosures could affect how federal regulators consider the costs of their own forthcoming climate regulations, Wall …

By Mike Scarcella (Reuters) – Qualcomm on Tuesday defeated a consumer lawsuit in California federal court alleging the chipmaker’s contracts with device manufacturers had artificially boosted the cost of mobile …

(Reuters) – Crypto exchange Kraken is planning to offer trading in U.S.-listed stocks and exchange-traded funds, Bloomberg News reported on Wednesday, citing a person familiar with the matter. Kraken will …

BRASILIA (Reuters) – Brazil’s central bank governor Roberto Campos Neto on Wednesday said policymakers are aiming to tighten cryptocurrency regulation and subject brokerages to their supervision. Speaking during a hearing …

By Katie Paul and Stephen Nellis (Reuters) -A Meta Platforms executive overseeing the company’s efforts to develop its own chips for artificial intelligence work is leaving her position at the …

(Reuters) – U.S. antitrust regulators on Tuesday filed a lawsuit against Amazon.com accusing the online retailer of harming consumers with higher prices, the latest in a long history of tough …

By Andrew Goudsward and Mike Scarcella WASHINGTON (Reuters) – The U.S. Federal Trade Commission’s monopoly lawsuit against Amazon.com filed on Tuesday poses perhaps the biggest legal test so far for …

By Luc Cohen NEW YORK (Reuters) -Sam Bankman-Fried, the jailed former cryptocurrency billionaire known for his casual appearance, can dress up for his forthcoming fraud trial. U.S. District Judge Lewis …

By Noel Randewich (Reuters) – Instacart’s stock dropped 4% on Wednesday, marking a fresh low a day after it closed for the first time under the price in the grocery …

(Reuters) – Air Canada said on Wednesday it will operate the airline as usual when its pilots conduct an informational picket at the company’s main hub, the Pearson International Airport, …

By David Shepardson WASHINGTON (Reuters) -Hyundai and Kia are recalling a combined 3.37 million vehicles in the United States due to the risk of engine fires, telling owners to park …

By Marc Jones LONDON (Reuters) – Developing national digital currencies are at risk due to a lack of legal powers to issue them in most of the world, the head …

By Lucia Mutikani WASHINGTON (Reuters) – Orders for long-lasting U.S. manufactured goods rose in August as an increase in machinery and other products offset a drop in civilian aircraft, and …

By Jonathan Stempel NEW YORK (Reuters) -The U.S. government on Wednesday sued eBay, accusing the online platform of violating the Clean Air Act and other environmental laws by allowing the …

By Sarah N. Lynch (Reuters) -Washington Trust Bank, the largest community bank in the country, will pay $9 million to settle civil rights charges that it discriminated against primarily Black …

By Bansari Mayur Kamdar and Sruthi Shankar (Reuters) -European shares fell for a fifth day in a row on Wednesday, with real estate stocks hammered by bearish brokerage comments on …

(Reuters) -Chinese regional lender Shengjing Bank said on Wednesday it has agreed to sell a portfolio of assets, including certain loans and investments, among others, for 176 billion yuan ($24.07 …

By Pete Schroeder, Michelle Price and Carolina Mandl WASHINGTON/NEW YORK (Reuters) – U.S. financial firms are pushing for greater clarity on proposed new rules curbing U.S. investments in some China …

SEOUL/BEIJING (Reuters) -South Korea’s LG Chem Ltd said on Wednesday it would sell its polariser businesses to Chinese firms for about 1.1 trillion won ($815.6 million) to help improve its …

BRASILIA (Reuters) -Brazil’s central bank chief emphasized the need to persevere in anchoring inflation to the official target during a hearing on Wednesday in Congress, where he faced questions about …

SAO PAULO (Reuters) – A top executive of Casas Bahia has decided to quit after less than five months on the job, deepening a corporate crisis that has seen shares …