By Howard Schneider and Ann Saphir (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said it was time to slow the pace of coming interest rate hikes while also signaling a protracted economic adjustment to a world where borrowing costs will remain high, inflation comes down slowly and the United States remains chronically short…
By Carolina Mandl NEW YORK (Reuters) – BlackRock Inc Chief Executive Larry Fink said on Wednesday that there appear to have been “misbehaviors” by the now-bankrupt FTX crypto exchange, but that the technology behind crypto is relevant for the future. “We’re going to have to wait to see how this all plays out (with FTX),”…
NEW YORK (AP) — GivingTuesday raised a record $3.1 billion in 24 hours for charitable causes in the U.S. earlier this week, as the event that started as a hashtag in 2012 celebrated its 10th anniversary and its status as a staple of fundraising for nonprofits, the group’s leader said Wednesday. Despite the difficult economic…
MELBOURNE (Reuters) – Woodside Energy Group, Australia’s top independent gas producer, is continuing to hunt for opportunities to expand in the Gulf of Mexico following its takeover of BHP Group’s assets there, Chief Executive Officer Meg O’Neill said on Thursday. “We will continue to look at opportunities to grow the business in North America,” O’Neill…
(Reuters) – Elon Musk on Wednesday tweeted that the misunderstanding about Twitter potentially being removed from Apple Inc’s App Store was resolved following his meeting with the iPhone maker’s Chief Executive Tim Cook. “Tim was clear that Apple never considered doing so,” the billionaire CEO of Twitter and Tesla Inc said in a tweet. On…
By Noel Randewich and Shreyashi Sanyal (Reuters) – Wall Street ended sharply higher on Wednesday after Federal Reserve Chair Jerome Powell said the central bank might scale back the pace of its interest rate hikes as soon as December. The S&P 500 rallied from an earlier loss and the Nasdaq jumped after the release of…
By David Shepardson WASHINGTON (Reuters) -A key U.S. lawmaker is proposing an extension of a certification deadline for two new versions of Boeing’s 737 MAX and requiring retrofitting existing planes, according to a document reviewed by Reuters. Boeing is seeking an extension from Congress of a December deadline imposing a new safety standard for modern…
(Reuters) – Silicon Valley leaders welcomed Elon Musk’s management of Twitter, with Netflix co-founder Reed Hastings going so far as to call the billionaire “the bravest, most creative person on the planet.” Meta Platforms CEO Mark Zuckerberg on Wednesday said he was keen to see how Elon Musk’s management of content moderation on Twitter would…
LONDON (AP) — A top European Union official warned Elon Musk on Wednesday that Twitter needs to beef up measures to protect users from hate speech, misinformation and other harmful content to avoid violating new rules that threaten tech giants with big fines or even a ban in the 27-nation bloc. Thierry Breton, the EU’s…
(Reuters) – The head of Meta Platforms’ business group said on Wednesday that the holiday shopping season started earlier than usual this year and produced a Black Friday sales weekend that appeared to be the biggest on record. Consumers anxious about supply shortages were stocking up early on desired gifts, while businesses with excess inventory…
