Bitcoin eyes record losing streak as ‘stablecoin’ collapse crushes crypto

Bitcoin eyes record losing streak as 'stablecoin' collapse crushes crypto

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register SINGAPORE, May 13 (Reuters) – Cryptocurrencies nursed large losses on Friday, with bitcoin pinned below $30,000 and set for a record … Read more

Twitter CEO says two leaders to depart, hiring paused amid Musk takeover

Twitter CEO says two leaders to depart, hiring paused amid Musk takeover

May 12 (Reuters) – Two senior Twitter (TWTR.N) leaders who oversee the consumer and revenue divisions will depart the social media company, Chief Executive Officer Parag Agrawal told employees in a memo on Thursday, in one of the biggest shake-ups at the company since billionaire Elon Musk announced he would buy it for $44 billion. … Read more

Stocks in a tailspin, dollar soars as hard landing fears grow

Stocks in a tailspin, dollar soars as hard landing fears grow

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 1, 2020. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register World stocks drop to 1-1/2 yr low, down almost 20% YTD Europe opens down 2% US equity futures struggle Dollar hits 2yr highs on … Read more

Nasdaq falls more than 3% as US inflation data gives little relief to investors

Nasdaq falls more than 3% as US inflation data gives little relief to investors

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, May 11, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register US consumer prices slow in April; inflation still high Coinbase falls on Q1 revenue slump, net loss Indexes: Dow down 1%, S&P 500 down … Read more

Shares turn red in volatile session, yields fall after US inflation data

Shares turn red in volatile session, yields fall after US inflation data

NEW YORK/MILAN, May 11 (Reuters) – Wall Street stocks fell sharply with Treasury yields in Wednesday’s volatile session as oil prices rallied and investors worried about the potential for an economic slowdown. US equity indexes churned higher and lower after US data showed higher-than-expected core inflation, excluding items such as oil prices. Some investors appeared … Read more

EXCLUSIVE Boeing clashes with key supplier ahead of Starliner spacecraft launch

EXCLUSIVE Boeing clashes with key supplier ahead of Starliner spacecraft launch

WASHINGTON, May 11 (Reuters) – Boeing Co (BA.N) is feuding with Aerojet Rocketdyne (AJRD.N), a key supplier for its Starliner spacecraft, as the US aerospace giant races to test launch the uncrewed astronaut capsule and mend its reputation in the space sector, people familiar with the matter said. The CST-100 Starliner is scheduled for a … Read more

S&P 500, Nasdaq end up but investors cautious before inflation data

S&P 500, Nasdaq end up but investors cautious before inflation data

All eyes on US CPI data on Wednesday Peloton falls as CEO says business “thinly capitalized” NEW YORK, May 10 (Reuters) – The S&P 500 and Nasdaq ended higher on Tuesday, with big growth shares rising after the previous day’s selloff as Treasury yields eased. At the same time, bank shares fell. The yield on … Read more

Black hole hunters cast gaze at center of the Milky Way galaxy

Black hole hunters cast gaze at center of the Milky Way galaxy

WASHINGTON, May 10 (Reuters) – Residing at the center of our spiral-shaped Milky Way galaxy is a beast – a supermassive black hole possessing 4 million times the mass of our sun and consuming any material including gas, dust and stars straying within its huge gravitational pull. Scientists have been using the Event Horizon Telescope … Read more

Stocks see slight recovery but negative outlook persists

Stocks see slight recovery but negative outlook persists

LONDON, May 10 (Reuters) – European stock indexes opened higher on Tuesday, with risk appetite showing some recovery after Monday’s sharp falls, but analysts said fears over lower growth were still weighing on markets. Asian equities slipped to their lowest in nearly two years overnight, before trimming losses. read more A tumble in stock markets … Read more

EXCLUSIVE Tesla halts production at Shanghai plant due to supply issues – sources

EXCLUSIVE Tesla halts production at Shanghai plant due to supply issues - sources

Tesla China-made Model 3 vehicles are seen during a delivery event at the carmaker’s factory in Shanghai, China January 7, 2020. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, May 10 (Reuters) – Tesla Inc (TSLA.O) halted production at its Shanghai plant on Monday due to issues with securing parts for … Read more