By Hannah Lang WASHINGTON (Reuters) – Currency markets were choppy on Tuesday as the dollar hit a 10-week high against peers and a six-month top versus the yen before retreating after Japanese officials gave their currency a nudge. Japan will closely watch currency market moves and respond “appropriately” as needed, the country’s top currency diplomat…
By Stephanie Kelly NEW YORK (Reuters) – Oil prices fell more than 4% on Tuesday on concerns about whether the U.S. Congress will pass the U.S. debt ceiling pact and as mixed messages from major producers clouded the supply outlook ahead of the OPEC+ meeting this weekend. Brent crude futures settled down $3.53, or 4.6%,…
By Luc Cohen NEW YORK (Reuters) – U.S. prosecutors on Monday said they opposed a motion by former cryptocurrency billionaire Sam Bankman-Fried to dismiss criminal charges accusing him of stealing billions of dollars from customers to plug losses at his hedge fund. Bankman-Fried, the 31-year-old founder of FTX Trading, has pleaded not guilty in Manhattan…
By Caroline Valetkevitch NEW YORK (Reuters) – Short sellers in shares of Nvidia Corp were down $4.1 billion in mark-to-market losses in three trading days, according to financial data firm S3 Partners, as the chipmaker’s market capitalization hit $1 trillion on Tuesday. Nvidia’s shares were up about 31% combined over Thursday, Friday and trading so…
By Sam Tobin and Paul Sandle LONDON (Reuters) – Microsoft on Tuesday accused Britain’s anti-trust regulator of being a global “outlier” in blocking its $69 billion takeover of “Call of Duty” maker Activision Blizzard. The Competition and Markets Authority (CMA) vetoed the deal in April, saying it could hurt competition in the nascent cloud gaming…
By Andrew MacAskill LONDON (Reuters) -British Prime Minister Rishi Sunak will hold talks with U.S. President Joe Biden next week when they will discuss improving economic ties and how to sustain military support for Ukraine in its conflict with Russia. Sunak will be in Washington on Wednesday and Thursday next week for meetings with Biden,…
(Reuters) – Nvidia Corp on Tuesday became the first chipmaker to join Wall Street’s trillion-dollar club dominated by technology heavyweights such as Apple Inc and Microsoft Corp. The boom in artificial intelligence (AI) technology has driven a threefold surge in Nvidia’s stock valuation in less then eight months, helping the chipmaker hit the trillion-dollar mark…
By Paul Lienert DETROIT (Reuters) -Michigan-based Shyft Group, a multi-brand manufacturer of medium-duty specialty vehicles, is preparing to launch production this fall of a new line of electric trucks and vans under the Blue Arc brand. “That’s our wheelhouse – it’s a segment we know and understand,” Chief Executive Daryl Adams said in an interview….
By Doyinsola Oladipo NEW YORK (Reuters) – Lillian Smith has spent about eight of the last 12 months traveling around the world, hitting France, Morocco, Japan and South Korea. Her cost for lodgings in that time? About one night in a hotel, along with the time she spent walking dogs, watering plants and changing litter…
By Katharine Jackson WASHINGTON (Reuters) – Rosalynn Carter, former U.S. first lady and wife of former president Jimmy Carter, has dementia, the Carter family announced on Tuesday. “She continues to live happily at home with her husband, enjoying spring in Plains and visits with loved ones,” the family said in a statement released by the…
