(Reuters) – Bitcoin dropped 5.2% to $22,253 at 2204 GMT on Friday, losing $1,213 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 11.9% from the year’s high of $25,270 on Feb. 16. Ether, the coin linked to the ethereum blockchain network, dropped 5.3% to $1,560.9 on Friday, losing $87.1 from…
(Reuters) -Apple Inc’s top executive Michael Abbott, who is in charge of cloud services, is leaving the company in April, Bloomberg News reported on Friday citing people familiar with the matter. The iPhone maker did not immediately respond to a Reuters request for comment. Abbott, who joined Apple in 2018, heads the iCloud service and…
(Corrects paragraph 1 and headline to show the production target is a possibility) (Reuters) -Electric-vehicle maker Rivian Automotive Inc told staff that producing 62,000 units this year is possible, Bloomberg News reported on Friday, citing people familiar with the matter. Earlier this week, Rivian said it aimed to produce 50,000 cars this year, compared with…
By Lawrence Delevingne and Elizabeth Howcroft (Reuters) -Wall Street stocks posted strong gains while Treasury yields and the dollar pulled back on Friday as data pointing to economic growth boosted risk appetite, even as expectations for rate hikes kept bond yields near multi-year highs. The U.S. services sector grew at a steady clip in February,…
By Martin Coulter LONDON (Reuters) – Snapchat is kicking dozens of children in Britain off its platform each month compared with tens of thousands blocked by rival TikTok, according to internal data the companies shared with Britain’s media regulator Ofcom and which Reuters has seen. Social media platforms such as Meta’s Instagram, ByteDance’s TikTok, and…
By Chibuike Oguh (Reuters) – Private equity firms that have for years capitalized on the regulatory woes of banks by becoming lenders to risky leveraged buyouts are doing less business just as higher interest rates have made that practice more lucrative. Buyout firms with direct lending businesses, such as Blue Owl Capital Inc, Blackstone Inc…
By Lawrence Delevingne and Elizabeth Howcroft (Reuters) -Wall Street stocks gained while Treasury yields and the dollar pulled back on Friday as risk appetite was boosted by data pointing to economic growth, even as expectations for rate hikes kept bond yields near multi-year highs. The U.S. services sector grew at a steady clip in February,…
By Aditi Shah and Tim Hepher DELHI/PARIS (Reuters) – Indian budget carrier IndiGo is in talks with both Boeing and its current supplier Airbus to order more than 500 passenger jets, potentially smashing an industry record set by domestic rival Air India a few weeks ago, industry sources said. India’s largest airline has until now…
(Reuters) -Shares of artificial intelligence-based (AI) product makers zoomed on Friday, as a strong forecast from retail darling C3.ai Inc amplified an ongoing euphoria in the segment driven by the launch of OpenAI’s ChatGPT. C3.a1 forecast better-than-expected revenue and profit for both the fourth quarter and fiscal year 2023, after its third-quarter results topped Wall…
LONDON (Reuters) – British bank Barclays said on Friday that its chief executive C.S. Venkatakrishnan has completed treatment for non-Hodgkin lymphoma, a type of cancer, and is now in remission. “I am pleased to inform you that I have completed the treatment for non-Hodgkin lymphoma that I commenced last November. I am now in remission…
