By Wayne Cole SYDNEY (Reuters) – Asian stocks climbed into the black on Thursday after an upbeat reading on U.S. consumers cheered Wall Street investors, while the yen added to the week’s massive gains as Japanese bond yields settled into a new higher range. In a surprise, U.S. consumer confidence rose to an eight-month high…
(Corrects byline) By Luc Cohen, Jared Higgs and Jack Queen NEW YORK/NASSAU (Reuters) -FTX founder Sam Bankman-Fried left the Bahamas on Wednesday on a U.S.-bound flight to face fraud charges as federal prosecutors announced that two of his former associates had pleaded guilty to charges and were now cooperating with the government. Manhattan U.S. Attorney…
WASHINGTON (Reuters) – U.S. authorities on Wednesday said they have charged Caroline Ellison, the former CEO of Alameda Research, and Gary Wang, the former chief technology officer of FTX Trading Ltd, for their roles in the alleged fraud that contributed to FTX’s collapse. U.S. Attorney Damian Williams said in a video statement that both Wang…
By Wayne Cole SYDNEY (Reuters) – Asian stocks climbed into the black on Thursday after an upbeat reading on U.S. consumers cheered Wall Street investors, while the yen added to its recent massive gains as Japanese bond yields shifted into a new higher range. In a surprise, U.S. consumer confidence rose to an eight-month high…
By Zhang Yan and Hyunjoo Jin SHANGHAI/SAN FRANCISCO (Reuters) – Tesla Inc’s China chief Tom Zhu and a team of his reports has been brought in to troubleshoot production issues in the United States, fueling talk among colleagues he is being groomed for a bigger role at a time when Chief Executive Elon Musk has been…
By Ananya Mariam Rajesh (Reuters) -Under Armour Inc on Wednesday named veteran hotelier Stephanie Linnartz as its chief executive, betting that her experience in e-commerce and branding strategy will help revive sales at the apparel maker. Linnartz, who will join Baltimore-based Under Armour on Feb. 27, will take over at a time when the company…
By Akash Sriram and Jane Lanhee Lee (Reuters) -Chipmaker Micron Technology Inc on Wednesday forecast a much steeper-than-expected second-quarter loss and said it will lay off 10% of its workforce next year, citing a nagging glut in the semiconductor market. “Due to the significant supply demand mismatch entering calendar 2023, we expect that profitability will…
(Reuters) -Under Armour Inc on Wednesday named Stephanie Linnartz as its chief executive officer, months after Patrik Frisk stepped down from the role, sending shares of the apparel company marginally down in extended trading. Linnartz currently serves as the president of Marriott International Inc and has been with the hotel chain operator in various roles…
By Arriana McLymore NEW YORK (Reuters) – With three days to go before Christmas, retailers across the United States and Europe face a turbulent end to a drawn-out, mostly disappointing holiday shopping season. Friday, Dec. 23, is slated to be the second-busiest U.S. shopping day of this year behind Black Friday, according to data firm…
PARIS (Reuters) – Airbus plans to deepen its industrial presence in India, Chief Executive Guillaume Faury said on Wednesday after meeting the country’s prime minister. “We will continue to support civil aviation growth and deepen our industrial footprint in India,” Faury said on Twitter alongside a photograph of his meeting with India’s Prime Minister Narendra…
