By Jody Godoy (Reuters) -The U.S. Securities and Exchange Commission is seeking fines and penalties totaling $2 billion in its case against Ripple Labs over sales of the cryptocurrency XRP, the compan[...]
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March 25, 2024
Bitcoin rises 7.15% to $70,900
(Reuters) – Bitcoin rose 7.15% to $70,900 at 2010 GMT on Monday. (This story has been corrected to say bitcoin rose 7.15%, not 11.63%, in the headline and story) (Reporting by Nilutpal Timsina i[...]
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Boeing CEO Dave Calhoun to step down in shakeup amid safety crisis
By David Shepardson and Allison Lampert (Reuters) – Boeing CEO Dave Calhoun will step down by year-end in a broad management shakeup brought on by the planemaker’s sprawling safety crisis[...]
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Hedge funds flock to Europe, ditch US stocks
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds have been adding European stocks to their portfolios this year while trimming their exposure to North America amid an ongoing debate ove[...]
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Luxury EV maker Lucid to raise $1 billion from Saudi’s PIF affiliate
(Reuters) -Lucid said on Monday it is raising $1 billion in capital from an affiliate of Saudi Arabia’s Public Investment Fund (PIF), sending the shares of the luxury electric carmaker up about[...]
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SEC says Terraform Labs built a ‘house of cards’ as US civil fraud trial begins
By Jody Godoy NEW YORK (Reuters) -Terraform Labs and its founder Do Kwon built a “house of cards” and lied to investors about the stability of a cryptocurrency whose collapse rippled throu[...]
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Yen steady after intervention warning, dollar dips
By Karen Brettell NEW YORK (Reuters) – The yen was little changed on Monday, giving up earlier gains after Japan’s top currency diplomat warned against speculators trying to weaken the currency,[...]
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Oil settles higher as Russia orders output cuts, geopolitical tensions persist
By Georgina McCartney HOUSTON (Reuters) -Oil prices settled higher on Monday as orders from the Russian government to curb oil output, and attacks on energy infrastructure in both Russia and Ukraine o[...]
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Fed officials still betting on inflation slowdown, but caution rising
By Howard Schneider and Lindsay Dunsmuir WASHINGTON (Reuters) -Federal Reserve officials said on Monday they still had faith that U.S. inflation will ease, with housing price increases in particular e[...]
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