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

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

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

Bitcoin falls to 10-month low as stock markets tumble

Bitcoin falls to 10-month low as stock markets tumble

HONG KONG/LONDON, May 9 (Reuters) – Bitcoin fell to its lowest level since July 2021 on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks. Bitcoin dropped to as low as $32,763.16 shortly before 1100 GMT, in its fifth consecutive session of … Read more

Elon Musk Fears for His Life After Russian Threats

Elon Musk Fears for His Life After Russian Threats

You’re here (TSLA) – Get Tesla Inc Report CEO Elon Musk has never been afraid to confront his opponents publicly. From his Silicon Valley peers like recently Bill Gates, the co-founder of software giant Microsoft (MSFT) – Get Microsoft Corporation Report, to President Joe Biden, the richest man in the world fears no one. It’s … Read more

South Korea hunts tungsten treasure in breed for rare minerals

South Korea hunts tungsten treasure in breed for rare minerals

S.Korean tungsten mine gets $100 million makeover Dozens of new mineral projects launched globally Green, digital booms fuel demand for rare minerals China is pre-eminent in critical minerals supply GRAPHIC-S.Korea’s reliance on China: SANGDONG, South Korea, May 9 (Reuters) – Blue tungsten winking from the walls of abandoned mine shafts, in a town that’s seen … Read more

Yelp, other companies take stance on abortion rights with travel benefit

Yelp, other companies take stance on abortion rights with travel benefit

May 6 (Reuters) – Yelp Inc, Amazon.com, and Citigroup are among a small but growing number of companies rolling out policies to cover costs for American employees who need to travel out of state for an abortion. Yelp Inc (YELP.N) was one of the first to offer support for its employees who might need to … Read more

US, Chinese regulators in talks for audit deal – sources

US, Chinese regulators in talks for audit deal - sources

Chinese and US flags flutter outside the building of an American company in Beijing, China January 21, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register HONG KONG, May 6 (Reuters) – US and Chinese regulatory officials are in talks to settle a long-running dispute over the auditing compliance of US-listed Chinese … Read more

Musk’s $44 bln Twitter buyout challenged in shareholder lawsuit

Musk's $44 bln Twitter buyout challenged in shareholder lawsuit

May 6 (Reuters) – Elon Musk and Twitter Inc (TWTR.N) were sued on Friday by a Florida pension fund seeking to stop Musk from completing his $44 billion takeover of the social media company before 2025. In a proposed class action filed in Delaware Chancery Court, the Orlando Police Pension Fund said Delaware law forbade … Read more