By Matt Tracy WASHINGTON (Reuters) – A group of banks led by Bank of America and Citigroup have funded Apollo…
Explainer-What’s next in FTX’s bankruptcy
By Dietrich Knauth (Reuters) – Crypto exchange FTX filed for Chapter 11 bankruptcy protection in the United States on Friday…
Gap beats quarterly estimates on steady demand for formal clothing
By Granth Vanaik and Ananya Mariam Rajesh (Reuters) -Gap Inc beat Wall Street estimates for quarterly sales and profit on…
Analysis-Reluctant buyers pose main threat to Beijing’s property revival efforts
By Liangping Gao, Ziyi Tang and Clare Jim BEIJING/HONG KONG (Reuters) – A slew of recent supportive measures will bring…
Tumbling bitcoin overshadows El Salvador’s crypto conference
By Nelson Renteria SAN SALVADOR (Reuters) – El Salvador’s long-awaited bitcoin conference, which was in the limelight in 2021 after…
Applied Materials forecasts strong Q1 revenue on easing supply chain woes
By Tiyashi Datta (Reuters) -Chip tools maker Applied Materials Inc on Thursday forecast first-quarter revenue above market estimates, on hopes…
Chinese investors burnt by bond slump urged to have ‘serene heart’
SHANGHAI (Reuters) – Sharp declines in Chinese bond prices as the government takes steps to boost the economy have prompted…
Factbox-FTX’s new CEO assesses the exchange’s failings
By Tom Hals (Reuters) – John J. Ray III, the new chief executive of bankrupt cryptocurrency exchange FTX, on Thursday…
White House still committed to tech antitrust bill
WASHINGTON (Reuters) – White House competition adviser Tim Wu said Thursday the Biden administration is still backing tech antitrust legislation…
Mark Cuban-backed fintech Dave says no customers exposed to FTX
By Saeed Azhar and Manya Saini NEW YORK (Reuters) -Entrepreneur Mark Cuban-backed Dave Inc said on Thursday none of its…