Amazon leads declines in discretionary sector, streaming companies outperform
By Sinéad Carew (Reuters) – Shares in Amazon.com closed down 4.2% on Wednesday, leading declines in the S&P 500 consumer…
Business
What makes a crypto asset a security in the U.S.?
By Jody Godoy (Reuters) -Determining whether digital tokens are securities will be central to the high-stakes case brought by U.S….
GameStop misses quarterly revenue estimates
(Reuters) – GameStop posted its fourth consecutive fall in quarterly revenue on Wednesday and missed market estimates, as consumers dialed…
US, European hotel rates may keep rising, industry executives say
By Doyinsola Oladipo NEW YORK (Reuters) -Hotel room rates in the U.S. and Europe are rising and may get even…
UK’s Sunak seeks stronger economic ties with U.S. on Washington trip
WASHINGTON (Reuters) -Britain wants to put its economic ties with the United States on the same footing as the two…
Dollar edges up against yen as investors wait on inflation data, Fed
By Karen Brettell NEW YORK (Reuters) – The dollar edged higher against the yen on Wednesday as investors awaited U.S….
US proposes training, pilot certification rules for air taxis
WASHINGTON (Reuters) -The U.S. aviation regulator said on Wednesday it was proposing comprehensive training and pilot certification rules for flying…
Oil prices rise as Saudi output cuts outweigh weak demand signals
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices climbed about 1% on Wednesday as Saudi Arabia’s plans for deep output cuts…
Bank of Canada hikes rates to 22-year high, more increases expected
By Steve Scherer and David Ljunggren OTTAWA (Reuters) – The Bank of Canada on Wednesday hiked its overnight rate to…
Biden encourages both sides to continue collective bargaining in US ports dispute -White House
By Jeff Mason and Kanishka Singh WASHINGTON (Reuters) – U.S. President Joe Biden has urged both sides in the West…