Losses from crypto scams grew 45% in 2023, FBI says
By Hannah Lang (Reuters) – Losses from cryptocurrency-related frauds and scams increased 45% in 2023 from 2022, totaling more than…
Category: Business
Coinbase must face shareholder lawsuit over SEC risks
By Jonathan Stempel (Reuters) – A federal judge rejected Coinbase’s bid to dismiss a proposed class action by shareholders who…
AI likely to weigh on oil prices over the next decade, Goldman says
(Reuters) – Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via…
World stocks tiptoe, dollar holds as investors await US data
By Yoruk Bahceli and Tom Westbrook (Reuters) – World stocks steadied on Tuesday and the dollar remained near a two-week…
Nvidia and chip index tumble as investors pause AI rally
By Noel Randewich (Reuters) – Shares of AI heavyweight Nvidia tumbled on Tuesday, with Wall Street’s chip index slumping 7%…
US gasoline slumps to near 3-year low on end of driving season, oil slump
By Shariq Khan NEW YORK (Reuters) – U.S. gasoline futures fell nearly 6% on Tuesday to their lowest since December…
Tesla’s China-made EV sales rise 3% y/y in Aug
BEIJING (Reuters) – Sales of U.S. automaker Tesla’s China-made electric vehicles grew 3% in August from a year earlier, data…
Starlink tells Brazil regulator it will not comply with X suspension
By Luciana Novaes Magalhaes (Reuters) – Elon Musk-controlled satellite internet provider Starlink has told Brazil’s telecom regulator Anatel it will…
ByteDance taps banks for $9.5 billion Asia dollar corporate loan, sources say
(Reuters) – TikTok-owner ByteDance is tapping banks for a $9.5 billion loan that would be the biggest dollar-denominated corporate facility…
Dollar General cuts annual forecasts on weak discretionary demand; shares plummet
(Reuters) -Discount retailer Dollar General slashed its annual sales and profit forecast on Thursday, as budget-conscious customers cut back spending…