By Lisa Pauline Mattackal and Medha Singh (Reuters) – Bitcoin has scant experience with rising interest rates, posing perils for investors looking to capitalize on its dramatic drop. The cryptocurrency has tanked along with other risk assets such as tech stocks after the Fed amped up rates last week, sending them on a trajectory that’s…
SHANGHAI (Reuters) – Tesla Inc has halted most of its production at its Shanghai plant due to problems securing parts for its electric vehicles, according to an internal memo seen by Reuters, the latest in a series of difficulties for the factory. The plant plans to manufacture less than 200 vehicles on Tuesday, according to…
WELLINGTON, New Zealand (AP) — Two men charged by U.S. prosecutors with racketeering and other crimes for their involvement in the once wildly popular file-sharing website Megaupload said Tuesday they have reached a deal that will see them avoid being extradited to the U.S. in exchange for facing charges in New Zealand. The deal by…
NEW YORK (AP) — The Federal Reserve said Monday that Russia’s war in Ukraine and surging inflation are now the greatest threats facing the global financial system, supplanting the coronavirus pandemic. The observations came in the Fed’s semiannual Financial Stability Report that looks at trends in trading and investing as well as broad economic issues….
By Echo Wang (Reuters) -Gay dating app Grindr said on Monday it would go public through a merger with a blank-check acquisition firm – a deal that values it at $2.1 billion and features Tiga Investments CEO Raymond Zage on both sides of the transaction. Grindr said its existing shareholders would own 78% of the…
