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…
Business
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…
China wants weaker US dollar as reserve currency, says Biden economist nominee
WASHINGTON (Reuters) – There was “some evidence” that China wants the dollar to weaken as the international reserve currency, said…
Pilots at Canada’s WestJet Airlines approve possible strike action
By Allison Lampert (Reuters) -WestJet Airlines pilots on Tuesday voted for possible strike action as early as May 16, underscoring…
Fed likely to hike rates one more time and then hold steady, Bostic says
By Michael S. Derby (Reuters) -The U.S. central bank most likely has one more interest rate rise ahead of it…