LONDON (Reuters) -The Bank of England (BoE) and Britain’s finance ministry think the UK is likely to need to create a central bank digital currency (CBDC) later this decade, the Telegraph newspa[...]
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Business
S&P cuts two Adani firms’ rating to negative from stable
By Tanvi Mehta (Reuters) -Credit ratings agency S&P on Friday cut its rating outlook on Adani Ports and Special Economic Zone and Adani Electricity to negative from stable, while peer Moody’[...]
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Musk did not need Tesla board to review buyout tweets, directors testify
By Hyunjoo Jin and Jody Godoy (Reuters) -Tesla Inc’s board had no obligation to review CEO Elon Musk’s 2018 tweets announcing a bid to take the electric car maker private, which investors[...]
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Marathon Petroleum tops profit estimates on high demand, tight supplies
By Arunima Kumar and Laura Alviz (Reuters) -Marathon Petroleum Corp on Tuesday beat Wall Street expectations for quarterly profit as its margins soared amid tight supplies and high demand for refined[...]
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FTX founder Bankman-Fried objects to tighter bail, says prosecutors ‘sandbagged’ him
By Jonathan Stempel NEW YORK (Reuters) – Lawyers for Sam Bankman-Fried on Saturday urged a U.S. judge not to ban the indicted FTX cryptocurrency executive from communicating with former colleagu[...]
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Southwest Airlines warns of quarterly loss after holiday meltdown
By Rajesh Kumar Singh and Kannaki Deka (Reuters) -Southwest Airlines Co on Thursday warned of a loss in the current quarter as passengers shunned the carrier in the immediate aftermath of an operation[...]
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NextEra shares tumble as revenue misses, head of key unit leaves
(Reuters) -NextEra Energy Inc on Wednesday posted mixed quarterly results, sending its shares sliding as the renewable power company announced the retirement of the head of its key Florida utility uni[...]
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Musk says his SpaceX shares could have also helped fund taking Tesla private
By Hyunjoo Jin and Jody Godoy SAN FRANCISCO (Reuters) -Elon Musk told jurors on Monday he was sure he had locked up financial support from Saudi investors in 2018 to take his electric car maker Tesla[...]
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Live Nation CFO defends Ticketmaster, blames bots for Taylor Swift debacle
By David Shepardson WASHINGTON (Reuters) -Ticketmaster learned “valuable lessons” when the Taylor Swift concert tickets sale last year was disrupted by record bot traffic, the parent compa[...]
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