Trump Media shares tank after filing shows more stock may be sold
By Echo Wang (Reuters) -Shares of Donald Trump’s social media company slumped 18% on Monday, extending losses since the stock’s…
Category: Business
Repeat offenders made up 40% of US corporate defaults in 2023, Moody’s says
By Matt Tracy (Reuters) – Around 40% of U.S. companies that defaulted on their debt obligations in 2023 had previously…
Microsoft to invest $1.5 billion in Emirati AI firm G42 for minority stake
DUBAI (Reuters) -Microsoft is investing $1.5 billion in United Arab Emirates-based artificial intelligence firm G42, giving the U.S. giant a…
Lockheed wins US missile defense contract worth $17 billion
By Mike Stone (Reuters) -Lockheed Martin has won a $17 billion contract to develop the next generation of interceptors to…
Fed’s reverse repo facility plummets to lowest level in nearly three years
By Michael S. Derby NEW YORK (Reuters) -A key Federal Reserve facility that takes in cash from money market funds…
Apple denies violating US court order in Epic Games lawsuit
By Mike Scarcella (Reuters) – IPhone maker Apple on Friday denied violating a court order governing its App Store and…
US agencies to probe unfair practices in airline loyalty programs in hearing
WASHINGTON (Reuters) – As part of an effort to protect consumers from deceptive and unfair practices, the U.S. Department of…
Coinbase asks to appeal part of case against US SEC
WASHINGTON (Reuters) – Coinbase asked two courts for permission on Friday to appeal part of its ongoing lawsuit with the…
China EV maker Nio urges openness in US speech amid tensions
(Repeats with no changes to text) SHANGHAI (Reuters) -Chinese electric vehicle (EV) maker Nio’s founder called for openness in a…
Bitcoin down by 7.9% to $61,842
(Reuters) -Bitcoin fell 7.9% to $61,842 at 21:00 GMT on Saturday, losing $5,308 from its previous close. Bitcoin, the world’s…