By Luc Cohen and Jody Godoy NEW YORK (Reuters) – Several FTX employees have turned to law firm Covington & Burling to help them deal with questions from U.S. authorities investigating the co[...]
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January 13, 2023
Tesla turns up heat on rivals with global price cuts
By Hyunjoo Jin, Victoria Waldersee and Zoey Zhang (Reuters) – Tesla Inc has slashed prices globally on its electric vehicles by as much as 20%, extending an aggressive discounting effort and cha[...]
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Tough road ahead for U.S. fintech lenders as default risk rises
By Matt Tracy (Reuters) – U.S. fintech companies that lend to consumers with impaired credit scores face a tough year as rising defaults and interest rates limit the companies’ access to c[...]
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Meme stocks start 2023 on high note, though ride is a bumpy one
By Medha Singh and David Randall (Reuters) -Resurgent risk appetite among some investors is fueling rallies in the shares of so-called meme stocks this month after a crushing year for equities, though[...]
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BMW planning major investment in Mexico, minister says
MEXICO CITY (Reuters) – German carmaker BMW is planning a new major investment in the central Mexican state of San Luis Potosi, where the company already has a plant, Mexican Foreign Minister Ma[...]
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Stocks rise for sixth straight session, BOJ speculation lifts yen
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks scored its sixth straight session of gains on Friday as investors assessed the start of U.S. earnings season and the path of in[...]
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Airbus withdraws from U.S. FAA Boeing safety culture panel
By David Shepardson WASHINGTON (Reuters) – European planemaker Airbus said it had withdrawn from a U.S. government-named panel reviewing Boeing’s safety processes and how they influence Boeing s[...]
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U.S. business lobby group lambasts FTC over proposed ban on non-compete clauses
(Reuters) – The U.S. Chamber of Commerce criticized on Thursday a proposed rule of the Federal Trade Commission (FTC) that seeks to ban companies from having non-compete clauses with workers, sa[...]
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China acquires ‘golden shares’ in two Alibaba units
BEIJING, China (Reuters) -China has acquired minority stakes with special rights in two domestic units of tech giant Alibaba Group Holding Ltd, business registration records showed, as Beijing extends[...]
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