(Reuters) -Cryptocurrency exchange FTX, which recently filed for U.S. bankruptcy court protection, has fired three of its top executives, including co-founder Gary Wang, the Wall Street Journal report[...]
Read more
Updated
737 MAX crash victim families press U.S. on Boeing settlement
By David Shepardson WASHINGTON (Reuters) – Relatives of passengers killed in two Boeing 737 MAX crashes pressed U.S. Justice Department lawyers on Friday to unwind a 2021 deal that allowed the U[...]
Read more
Elizabeth Holmes sentenced to more than 11 years in prison for Theranos fraud
By Jody Godoy and Dan Levine SAN JOSE, Calif. (Reuters) -A federal judge on Friday sentenced Theranos founder Elizabeth Holmes to 11 years and three months in prison for defrauding investors in her no[...]
Read more
S&P 500 ends higher, led by defensive shares
By Lewis Krauskopf, Ankika Biswas and Amruta Khandekar (Reuters) – Wall Street’s benchmark S&P 500 index ended higher on Friday in a choppy trading session, as gains in defensive share[...]
Read more
Fed’s Collins: Another 75-bps hike could be ahead
By Michael S. Derby BOSTON (Reuters) -Federal Reserve Bank of Boston leader Susan Collins said on Friday that with little evidence price pressures are waning, the Fed may need to deliver another 75-ba[...]
Read more
Musk’s pay trial asks if Tesla’s growth justifies $56 billion compensation
By Tom Hals WILMINGTON, Del. (Reuters) – After five days of testimony, including three hours from Elon Musk, a Delaware judge will now decide whether Musk’s $56 billion pay package from Te[...]
Read more
Carvana cuts 8% of workforce on slowing used-car demand
By Nathan Gomes (Reuters) -Carvana Co on Friday announced another round of job cuts that will impact about 1,500 employees, or 8% of its workforce, as it attempts to cut costs amid waning demand for u[...]
Read more
U.S. dollar positioning turns net short for first time since July 2021 -CFTC, Reuters data
NEW YORK (Reuters) – The U.S. dollar’s net positioning turned net short in the latest week for the first time since mid-July 2021, according to calculations by Reuters and U.S. Commodity F[...]
Read more
Biogas producers Amp Americas, BerQ RNG up for sale -sources
By Isla Binnie and David French NEW YORK (Reuters) – The owners of two North American renewable natural gas (RNG) producers have put them up for sale, after new U.S. tax incentives and recent bi[...]
Read more