By Luc Cohen and Jody Godoy NEW YORK (Reuters) -Caroline Ellison, the former chief executive officer of Sam Bankman-Fried’s hedge fund, testified on Tuesday that the former crypto mogul directed her and others to defraud customers of his FTX exchange by taking their money without their knowledge. Ellison, who said she previously dated Bankman-Fried, depicted…
By Sinéad Carew and Shashwat Chauhan (Reuters) – Wall Street indexes closed higher on Tuesday, to notch their third straight day of gains, after dovish comments from U.S. Federal Reserve officials pushed Treasury yields lower as investors cautiously monitored developments in the Middle East. Following comments from top Fed officials on Monday, Atlanta Fed President…
BEIJING/SHANGHAI (Reuters) – U.S. automaker Tesla sold 74,073 China-made electric vehicles (EVs) in September, a 10.9% decrease from a year earlier, showed data from the China Passenger Car Association (CPCA) on Sunday. Sales of China-made Model 3 and Model Y cars were down 12.0% from a month earlier. Chinese rival BYD, with its Dynasty and…
By Caroline Valetkevitch NEW YORK (Reuters) – Oil prices jumped more than 4%, gold gained and the safe-haven U.S. dollar edged up against the euro on Monday as military clashes between Israel and the Palestinian Islamist group Hamas fueled worries that the conflict could spread beyond Gaza. U.S. stocks ended higher, with energy shares rising…
By David Shepardson (Reuters) – Chrysler-parent Stellantis said on Monday it is laying off another 570 workers and General Motors announced cuts of nearly 200 employee due to the United Auto Workers strike. Ford said Monday another 70 workers had been laid off in Michigan, bringing the total at the automaker to 1,865 since the…
By Doyinsola Oladipo (Reuters) -Thousands of Las Vegas workers will picket MGM Resorts and Caesars Entertainment casinos on Thursday for the first time in nearly two decades, the unions said, as they contemplate a possible strike. The Culinary Workers and Bartenders Unions seek a new five-year contract with improved wages and benefits as casino operators…
By Arathy Somasekhar HOUSTON (Reuters) -Top U.S. oil producer Exxon Mobil’s planned acquisition of the No. 1 Permian shale producer Pioneer Natural Resources could further restrain output growth in the largest U.S. oilfield, squeezing pipeline companies and suppliers, executives and energy advisors said. Consolidation, steep cost inflation and investor demands for returns have shrunk production…
(Reuters) – Pharmacy employees at some U.S. Walgreens stores, including pharmacists, technicians and support staff, plan a walkout between Monday and Wednesday, CNN reported on Friday, citing an organizer. Some employees plan to walk out for one day, while others expect to close their pharmacies for all three, the network said, citing employees in three…
By Joey Roulette WASHINGTON (Reuters) -Amazon’s first pair of prototype satellites for its planned Kuiper internet network were launched into space on Friday from Florida, the company’s first step before it deploys thousands more into orbit to beam internet service globally and compete with SpaceX’s Starlink. A United Launch Alliance Atlas 5 rocket emblazoned with…
By David French, Anirban Sen and Sabrina Valle (Reuters) -Exxon Mobil is in advanced talks to acquire Pioneer Natural Resources in a deal that could value the Permian shale basin producer at about $60 billion, people familiar with the matter said on Thursday. The acquisition would be Exxon’s biggest since its $81 billion deal for…
