By Arathy Somasekhar HOUSTON (Reuters) – Oil prices tumbled 4% in volatile trade on Tuesday, pressured by weak demand data from China, a gloomy economic outlook and a stronger U.S. dollar. Brent[...]
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Business
Sam Bankman-Fried pleads not guilty in FTX fraud case; October trial set
By Jack Queen and Luc Cohen NEW YORK (Reuters) -Sam Bankman-Fried pleaded not guilty on Tuesday to criminal charges that he cheated investors in his now-bankrupt FTX cryptocurrency exchange and caused[...]
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Macau casinos deal themselves a tough hand with big non-gaming investment pledges
(This Jan. 2 story has been refiled to correct Melco’s name and stock symbol in the second paragraph) By Farah Master HONG KONG (Reuters) – As casinos in Macau begin new licenses to operat[...]
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Wall St starts the year with a dip; Apple, Tesla shares drag
By Sinéad Carew and Amruta Khandekar (Reuters) – Wall Street’s main indexes closed lower on the first trading day of 2023 with the biggest drags from Tesla and Apple, while investors worri[...]
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Dollar jumps, U.S. stocks buck global rally
By Amanda Cooper and Koh Gui Qing LONDON/NEW YORK (Reuters) -The dollar jumped on Tuesday as oil prices sank, while U.S. stocks bucked a global equities rally in a macro-packed week that could offer a[...]
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Tesla shares suffer New Year’s hangover on demand worries, delivery issues
By Aditya Soni and Eva Mathews (Reuters) -Tesla Inc shares kicked off 2023 with a thud, plunging more than 12% on Tuesday on growing worries about weakening demand and logistical problems that have ha[...]
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Toyota’s Indian unit warns of a possible customer data breach
(Reuters) -A data breach at Toyota Motor’s Indian business might have exposed some customers’ personal information, it said on Sunday. Toyota India said it has notified the relevant Indian[...]
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South Korea fines Tesla $2.2 million for exaggerating driving range of EVs
SEOUL (Reuters) – South Korea’s antitrust regulator said it would impose a 2.85 billion won ($2.2 million) fine on Tesla Inc for failing to tell its customers about the shorter driving ran[...]
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Shaw Communications falls as court stay on Rogers deal sparks uncertainty
(Reuters) -Shares of Shaw Communications Inc fell on Tuesday after a Federal Court put a stay on the telecom company’s C$20 billion merger with Rogers Communications Inc following a request from[...]
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