Binance CEO’s trading firm received $11 billion via client deposit company, SEC says
By Tom Wilson LONDON (Reuters) – Merit Peak, an offshore trading company controlled by Binance CEO Changpeng Zhao, received around…
Economy
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…
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…
Petro urges congress to pass reforms as some try to shelve health bill
BOGOTA (Reuters) – Colombia’s congress should approve health, labor and pension reforms, President Gustavo Petro said on Wednesday, as the…
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….
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…
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…
Macron returns to former minister to help break Lebanon deadlock
PARIS (Reuters) – French President Emmanuel Macron appointed on Wednesday his former foreign minister as personal envoy to Lebanon just…