Jan 20 (Reuters) – Crypto firm Genesis’s lending unit filed for U.S. bankruptcy protection against creditors on Thursday, topped by a market rout with the likes of exchange FTX and from the BlockFi lender. Genesis Global Capital, one of the largest crypto lenders, froze client redemptions on November 1. 16 after FTX stunned the financial …
Genesis crypto lending unit files for bankruptcy in the US Read More »
NEW YORK/LONDON, Jan 20 (Reuters) – Top advertisers on Twitter cut spending after the Elon Musk takeover, according to estimates compiled for Reuters by research firm Pathmatics, in the latest shock to the top source. of business income. According to Pathmatics estimates, fourteen of the top 30 advertisers on Twitter ceased all advertising on the …
Here’s what Twitter lost in ad revenue in the final months of 2022 Read More »
SAO PAULO, Jan 19 (Reuters) – A Rio de Janeiro court on Thursday accepted Brazilian retailer Americanas SA (AMER3.SA)’s application for bankruptcy protection, days after the company disclosed nearly $4 billion accounting inconsistencies that sparked a legal dispute with creditors and investors. Americanas, a 93-year-old company with stores across Brazil and a major e-commerce unit, …
Brazilian court grants bankruptcy protection to retailer Americanas Read More »
Jan 18 (Reuters) – Cryptocurrency lender Genesis Global Capital plans to file for bankruptcy as soon as this week, Bloomberg News reported on Wednesday, citing people with knowledge of the situation. A bankruptcy filing has been expected for weeks, after the company froze customer redemptions on November 1. 16 following the fall of leading cryptocurrency …
Crypto lender Genesis prepares to file for bankruptcy, reports Bloomberg News Read More »
40% of ECB staff have little or no confidence Two-thirds say trust is damaged 63% are worried about the ECB’s ability to protect purchasing power FRANKFURT, Jan 18 (Reuters) – (This story from Jan 17 has been corrected to restore deleted words in paragraph 11) European Central Bank staff are losing faith in the institution’s …
Exclusive: ECB union says staff are losing faith in leadership amid inflation and wages Read More »
Euro STOXX 600 down 0.2% China’s growth in 2022 is one of the worst in nearly 50 years Asian stocks slip 0.4% Yen close to 7-month highs LONDON, Jan 17 (Reuters) – Shares tumbled on Tuesday after China’s 2022 growth slump, halting their New Year’s rally and keeping investors on edge for the risk of …
Stocks stumble as Chinese data stoke global economy fears Read More »
CNN — On the heels of the University of Georgia’s national championship victory, police are investigating a fatal single-vehicle car crash early Sunday that killed football player Devin Willock and staff member Chandler LeCroy just hours after the Bulldogs’ triumphant celebration with fans, authorities said. Shortly before 3 am Sunday, LeCroy, 24, was driving with …
BOJ under heavy pressure as it defends yield policy Yen hits 7-month high, yuan climbs as dollar eases More profits to come, many central bank speakers Britain’s FTSE flirts with records SYDNEY/LONDON, Jan 16 (Reuters) – Stocks firmed on Monday as optimism over corporate earnings and the reopening of China feared the Bank of Japan …
Stocks Rise, Yen Climbs as BOJ Battles Bond Bears Read More »
Tesla cuts prices in the US and Europe by up to 20% The move follows cuts in Asia last week Certain models are now eligible for US tax credits Model 3 price in Germany in line with Volkswagen’s ID.3 Jan 13 (Reuters) – Tesla (TSLA.O) has cut prices for its electric vehicles in the United …
Tesla extends price cuts in US and Europe amid sales push Read More »
NEW YORK, Jan 11 (Reuters) – Oil prices rose 2% on Wednesday to a week-long high as hopes for an improving global economic outlook and concerns over the impact of sanctions on the Russian crude production outweighed a surprise massive increase in US crude inventories. . Brent crude futures rose $1.67, or 2.1%, to $81.77 …
Oil gains 2% on optimism over global economy, despite surprise U.S. crude build Read More »