WASHINGTON (Reuters) – U.S. President Joe Biden has tapped Martin Gruenberg to serve as chairman of the board of directors…
Electric vehicle makers burning cash, slammed by sky-high costs
By Akash Sriram (Reuters) – Every time Lucid Group Inc or Rivian Automotive Inc sells an electric car, they are…
Google to pay nearly $400 million to settle U.S. location-tracking probe
By Diane Bartz, David Shepardson and Karen Freifeld WASHINGTON (Reuters) -Alphabet’s Google will pay $391.5 million to settle allegations by…
FedEx’s freight unit to furlough workers
(Reuters) – U.S. delivery firm FedEx Corp’s freight division is enacting a furlough in some U.S. markets in response to…
Cotton set for worst day since October on dollar rebound
(Reuters) – ICE cotton futures fell as much as 3.5% on Monday, and were set for their biggest drop in…
Crypto lender BlockFi says it has significant exposure to FTX
(Reuters) -Cryptocurrency lender BlockFi said on Monday it has significant exposure to Sam Bankman-Fried’s crypto exchange FTX, and associated entities,…
White House to ask for $10 billion in public health funds by year end -report
(Reuters) – Officials from U.S. President Joe Biden’s administration are finalizing a request this week for about $10 billion in…
‘Big Short’ fund manager Burry buys another prison stock
By Carolina Mandl NEW YORK (Reuters) – Scion Asset Management’s Michael Burry, known for his timely bets against housing ahead…
Fed’s Brainard: Crypto finance needs strong regulation
(Reuters) -Recent turmoil in the cryptocurrency market shows the need for it to be firmly regulated the same way traditional…
United Rentals to buy Ahern Rentals for $2 billion as tools demand jumps
By Nathan Gomes and Priyamvada C (Reuters) – United Rentals Inc said on Monday it would acquire the assets of…