By Hannah Lang and Chibuike Oguh (Reuters) -Bitcoin, the world’s largest cryptocurrency, hit a more than one-year high on Friday, capping a week of gains helped in part by BlackRock’s plans to create a bitcoin exchange-traded fund (ETF) despite heightened U.S. regulatory scrutiny on the digital asset sector. BlackRock, the world’s biggest asset manager, filed…
By Caroline Valetkevitch NEW YORK (Reuters) – Global stock indexes fell and the U.S. dollar rose on Friday as investors digested comments from Federal Reserve officials that signalled further interest rate hikes ahead. Major U.S. stock indexes posted losses for the week, with the Nasdaq snapping an eight-week winning streak. The S&P 500 ended a…
By Brendan Pierson (Reuters) – A federal judge has ruled in favor of Volkswagen in lawsuits brought against the automaker by two U.S. counties over its diesel emissions cheating scandal. U.S. District Judge Charles Breyer in San Francisco ruled Thursday that Utah’s Salt Lake County and Florida’s Hillsborough County could not prove that Volkswagen violated…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled lower on Friday, posting a weekly decline as traders worried interest rate hikes could sap demand despite signs of tighter supplies including lower U.S. crude stocks. In a second straight day of losses, Brent crude closed down 29 cents, or 0.4%, to $73.85 a barrel. U.S. West…
By Deborah Mary Sophia (Reuters) -More than 3,000 workers at over 150 Starbucks stores in the United States will walk off the job over the next week, the union representing the coffee chain’s baristas said on Friday, following claims the company had banned Pride Month decorations at some of its cafes. The strikes are also…
(Reuters) – Shares of Canada’s Canopy Growth fell 6.5% on Friday after the pot producer posted a wider quarterly loss over the previous year and raised doubts about the company’s ability to continue as a going concern. The Canadian cannabis industry remains challenged by systemic regulatory issues, continued battle with the illicit marijuana market and…
By David Brunnstrom WASHINGTON (Reuters) – The United States unveiled agreements this week to sell weapons to India and share with it sensitive military technology, a clear sign of the Biden administration’s desire to deepen ties with New Delhi to counter China’s ambitions in Asia. But those plans, announced on Thursday during a state visit…
(Reuters) – Elon Musk’s SpaceX is offering to sell insider shares at a price that would raise the company’s valuation to about $150 billion, Bloomberg News reported on Friday, citing people familiar with the matter. In January, the company was valued at $137 billion after raising $750 million in a funding round, according to a…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against the euro on Friday after dismal business activity data from around the globe soured risk sentiment and as hawkish comments from central banks added to pressure on riskier currencies. U.S. business activity fell to a three-month low in June as services growth eased for…
(Reuters) – U.S. companies borrowed 1% more in May compared to a year earlier to finance equipment investments, industry body Equipment Leasing and Finance Association (ELFA) said on Friday. The companies signed up for new loans, leases and lines of credit worth $9.5 billion last month, up from $9.4 billion a year ago. “We have…
