By Hannah Lang and John McCrank (Reuters) – FTX founder and former Chief Executive Sam Bankman-Fried, who faces U.S. fraud charges over the collapse of FTX, ran his crypto empire with a number o[...]
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December 22, 2022
Low weekly jobless claims underscore U.S. labor market tightness; Q3 growth revised up
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased less than expected last week, pointing to a still-tight labor market, while[...]
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U.S. baby formula shortage leads to boom in advertisements
By Jessica DiNapoli NEW YORK (Reuters) – It’s not your imagination if you feel like you’re seeing more ads for baby formula than ever before. Formula makers have stepped up marketing[...]
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Volatile rouble recovers from near 8-month low
By Alexander Marrow MOSCOW (Reuters) -The rouble clawed back some of this week’s hefty losses after sinking to a near eight-month low in a volatile session on Thursday, as the prospect of a favo[...]
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Kellogg divests Russian operations to local snacks maker Chernogolovka
(Reuters) -Kellogg Co said on Thursday it has decided to divest its operations in Russia to local snacks and drinks maker Chernogolovka as the company joins a long list of Western brands pulling out o[...]
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EU should put Twitter under direct supervision after missteps: German official
By Christian Kraemer and Matthias Williams BERLIN (Reuters) -A senior German official said on Thursday Twitter should join other tech firms in being directly monitored by the European Commission, sayi[...]
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Target recalls children’s weighted blankets after two deaths
(Reuters) – Target Corp said on Thursday it has recalled about 204,000 Pillowfort weighted blankets for children after receiving reports of two fatalities. The U.S. Consumer Product Safety Commi[...]
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Prosecutors charge two top executives in connection with FTX collapse
WASHINGTON (Reuters) -Federal prosecutors on Wednesday said they have charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) Wang, the former Chief Technology Officer of FTX T[...]
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CarMax results hit by ‘used-vehicle recession’, pauses share buyback
By Kannaki Deka (Reuters) -Used-car retailer CarMax Inc said on Thursday it was pausing share repurchases and cutting expenses after reporting an 86% drop in third-quarter profit as the industry strug[...]
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