Business News

(Reuters) – Here are reactions to accusations of fraud and other charges brought on Tuesday against Sam Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX. OMID MALEKAN, adjunct …

(Reuters) – Sales of previously owned U.S. homes will fall for a second year in 2023 to their lowest annual total since 2012 when the housing market was still in …

By Tom Wilson and Elizabeth Howcroft LONDON (Reuters) – Binance has registered $1.9 billion of withdrawals in the past 24 hours, blockchain data firm Nansen said on Tuesday, as the …

By Hannah Lang and Doina Chiacu WASHINGTON (Reuters) -Poor management practices and inexperienced leaders led to FTX’s implosion, the crypto exchange’s new chief executive told lawmakers on Tuesday, shortly after …

By David Randall NEW YORK (Reuters) – Energy stocks and other value stocks will likely be “casualties” of falling inflation, said Cathie Wood, the star stock picker whose ARK Innovation …

By Leroy Leo (Reuters) -Eli Lilly and Co said on Tuesday it hopes to launch as many as five new treatments next year that could drive growth through the decade …

By Lewis Krauskopf NEW YORK (Reuters) – Investors grew more upbeat about a year-end U.S. stock rally after a softer-than-expected inflation report on Tuesday lifted sentiment a day ahead of …

By Paresh Dave SAN FRANCISCO (Reuters) -Alphabet Inc’s Waymo has applied for the final permit it needs in California before it can sell fully autonomous rides, the company told Reuters …

By Mahamat Ramadane and Sabrina Valle N’DJAMENA (Reuters) -Chad may ask its courts to block Savannah Energy’s purchase of Exxon Mobil Corp’s assets in the country, saying the final terms …

By Matthias Inverardi and Marta Orosz BONN, Germany (Reuters) -A tax lawyer, alleged to have masterminded one of Germany’s biggest post-war frauds, was sentenced to eight years in jail on …

DEARBORN, Mich. (Reuters) -Ford Motor Co on Tuesday said it added a third work crew at an assembly plant near Detroit as it boosts production of its F-150 Lightning electric …

By David Shepardson (Reuters) -Subaru on Tuesday said it was recalling 271,000 Ascent sport utility vehicles with model years between 2019 to 2022 due to increased fire risks and urged …

WASHINGTON (Reuters) – Alphabet Inc’s Google asked a federal court late on Monday to toss out the U.S. Justice Department’s 2020 lawsuit against it, which alleged that the search giant …

By Ann Saphir (Reuters) – U.S. central bankers began their last policy-setting meeting of the year Tuesday with data suggesting inflation is finally cooling, allowing them to slow their interest-rate …

By Takahiko Wada and Leika Kihara TOKYO (Reuters) – The Bank of Japan should change a policy statement so it has more flexibility to adjust interest rates instead of narrowly …

WASHINGTON (Reuters) – The attorneys general of California, Illinois and Washington D.C., on Tuesday said they would appeal a federal court’s refusal to temporarily prevent Albertsons Companies Inc, which is …

By David Shepardson and Rajesh Kumar Singh NORTH CHARLESTON, S.C./CHICAGO (Reuters) -United Airlines said Tuesday it is ordering 100 Boeing 787 Dreamliners and 100 737 MAXs as it pushes for …

By David Shepardson NORTH CHARLESTON, S.C. (Reuters) – Boeing Co deliveries rose in November to 48 airplanes as new orders fell to 21 airplanes, consisting of 18 737 MAXs and …

By David Shepardson (Reuters) -Chrysler parent Stellantis said Tuesday it is recalling 1.4 million pickup trucks worldwide because tailgates may not latch properly and could open while driving. The automaker …

By Amruta Khandekar and Bansari Mayur Kamdar (Reuters) -European shares climbed on Tuesday after softer-than-expected U.S. inflation data spurred bets that the Federal Reserve would scale back the size of …

By Foo Yun Chee BRUSSELS (Reuters) -The European Union on Tuesday took a step closer to sealing a data transfer pact with the United States as it issued a draft …

By Foo Yun Chee BRUSSELS (Reuters) -The European Commission is seeking feedback on whether the 27-country bloc needs to loosen state aid rules to allow governments to support companies affected …

By Abhijith Ganapavaram (Reuters) – Boom Supersonic struck a partnership with a unit of Kratos Defense & Security Solutions to develop an engine for its planned aircraft, after several leading …

By Svea Herbst-Bayliss NEW YORK (Reuters) – Two more top shareholders in Pitney Bowes Inc are criticizing how management is running the shipping and mailing company, echoing activist investment firm …

By Steve Holland and Nandita Bose WASHINGTON (Reuters) – President Joe Biden on Tuesday said inflation in the United States was coming down and he hopes prices will be back …