By Kanupriya Kapoor SINGAPORE (Reuters) -Asian stocks wallowed at two-year lows on Wednesday, after a strengthening dollar, instability in the U.K. bond market, and upcoming U.S. inflation data spelled a wild session on Wall Street and further volatility for investors. Sterling languished at a two-week trough after Bank of England Governor Andrew Bailey on Tuesday…
(Reuters) – Billionaire entrepreneur Elon Musk’s SpaceX is set to seek a permit to launch satellite internet services in India under its Starlink brand, becoming the third company to apply for such a permit, the Economic Times reported on Wednesday. SpaceX will also seek statutory approvals from the government for landing rights and market access,…
By Jody Godoy (Reuters) – Grayscale Investments said in a court filing Tuesday that the U.S. Securities and Exchange Commission set the bar too high for spot bitcoin exchange-traded funds, which have so far not been approved for listing on U.S. exchanges. Grayscale sued the regulator in June, after the SEC denied its bid to…
By Daniel Wiessner, Nandita Bose and David Shepardson WASHINGTON (Reuters) -A U.S. Department of Labor rule proposed Tuesday would make it more difficult for companies to treat workers as independent contractors, a change that is expected to shake up ride-hailing, delivery and other industries that rely on gig workers. Gig company stocks were hammered by…
Facebook parent Meta unveiled a high-end virtual reality headset Tuesday with the hope that people will soon be using it to work and play in the still-elusive place called the “metaverse.” The $1,500 Meta Quest Pro headset sports high-resolution sensors that let people see mixed virtual and augmented reality in full color, as well as…
SACRAMENTO, Calif. (AP) — With California’s four-year-old legal marijuana market in disarray, the state’s top prosecutor said Tuesday that he will try a new broader approach to disrupting illegal pot farms that undercut the legal economy and sow widespread environmental damage. The state will expand its nearly four-decade multi-agency seasonal eradication program — the largest…
By Katie Paul (Reuters) -Meta Platforms unveiled its Quest Pro virtual and mixed reality headset on Tuesday, marking a milestone for Chief Executive Mark Zuckerberg’s break into the higher-end market for extended reality computing devices. The headset, introduced at Meta’s annual Connect conference, will hit shelves on Oct. 25 at a price of $1,500, and…
NEW YORK (AP) — TikTok appears to be deepening its foray into e-commerce with plans to operate its own U.S. warehouses, the kind of packing and shipping facilities more associated with Amazon or Walmart than the social media platform best known for addictive short videos. In the past two weeks, TikTok has posted several job…
By Valentina Za, Giuseppe Fonte and Pamela Barbaglia MILAN (Reuters) -Monte dei Paschi di Siena’s talks with banks set to guarantee its latest share sale will stretch into Wednesday as the underwriters seek reassurances about how much stock they could be left holding, four people with knowledge of the matter said. MPS had scheduled a…
By Pete Schroeder and David Milliken WASHINGTON/LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Tuesday that British pension funds and other investors hit hard by a slump in bond prices had just three days left to fix their problems before the central bank would withdraw support. Only hours earlier, the BoE expanded its…
