Facing brutal climate math, US bets billions on direct air capture
By Susanna Twidale, Valerie Volcovici, Simon Jessop and Peter Henderson (Reuters) -The world is failing to cut carbon emissions fast…
Business
Three Fed bank boards wanted bigger rate hike in March
By Ann Saphir (Reuters) – The boards of directors at the Cleveland, St. Louis and Minneapolis Federal Reserve banks had…
Betterment agrees to pay $9 million to settle U.S. SEC charges
By Chris Prentice and Hannah Lang NEW YORK (Reuters) -Robo-adviser Betterment LLC has agreed to pay $9 million to settle…
US debt ceiling deadline could be sooner than anticipated, banks warn
By Davide Barbuscia NEW YORK (Reuters) -The U.S. government’s deadline to raise the $31.4 trillion debt ceiling could be sooner…
BofA profit beats estimates as it cashes in on higher rates, bond trading
By Manya Saini and Saeed Azhar (Reuters) – Bank of America Corp’s first-quarter profit beat analysts’ estimates as it collected…
Crypto firms will develop ‘offshore’ without clear US rules, Coinbase chief says
By Tom Wilson and Elizabeth Howcroft LONDON (Reuters) -The U.S. and Britain should make their rules for the crypto industry…
Intel ends its bitcoin mining chip series
(Reuters) – Chipmaker Intel Corp said on Tuesday it has discontinued production of its bitcoin mining chip series, just a…
Dollar slips after upbeat China data; euro, pound rise
By Herbert Lash and Samuel Indyk NEW YORK/LONDON (Reuters) – The dollar fell against most major currencies on Tuesday after…
Analysis-China’s Xpeng takes cues from Tesla for its new EV platform
By Paul Lienert (Reuters) – Chinese electric vehicle maker Xpeng Inc is the latest manufacturer hoping to save money and…
Cryptoverse: Bitcoin miners escape the bear trap
By Medha Singh and Lisa Pauline Mattackal (Reuters) – Beleaguered bitcoin miners are finally feeling the spring sunshine after a…