Crypto ransom attack payments hit record $1 billion in 2023 – Chainalysis
By Medha Singh (Reuters) -Payments from crypto-related ransom attacks nearly doubled to a record $1 billion in 2023, blockchain analytics…
Category: Business
CVS cuts 2024 profit forecast as medical care drives costs higher
By Sriparna Roy and Leroy Leo (Reuters) -CVS Health lowered its adjusted profit forecast for 2024 on Wednesday after an…
Ant Group quarterly profit falls 92% on year to 24.5 million yuan
SHANGHAI (Reuters) – China’s Ant Group made net profit of 24.5 million yuan ($3.41 million) in the three months to…
Fed’s Mester open to rate cuts if it’s clear inflation is easing further
By Michael S. Derby (Reuters) -Federal Reserve Bank of Cleveland President Loretta Mester said on Tuesday that if the U.S.…
EU agrees path to compete in clean tech production
By Philip Blenkinsop BRUSSELS (Reuters) -European Union policymakers agreed new rules on Tuesday to promote local production of equipment for…
Toyota to invest $1.3 billion in Kentucky facility for new electric SUV
(Reuters) -Toyota said on Tuesday it would invest $1.3 billion at its Kentucky facility for electrification efforts, including assembly of…
Adidas predicts 2024 operating profit leap after Kanye West break-up
MUNICH (Reuters) – German sportswear maker Adidas expects operating profit to nearly double to about 500 million euros ($542.3 million)…
Nasdaq ends lower ahead of big tech earnings, focus on Fed
By Stephen Culp NEW YORK (Reuters) -The tech-heavy Nasdaq lost ground on Tuesday as the market awaited a spate of…
Payments firm PayPal to reduce global workforce by 9% in 2024
By Hannah Lang and Manya Saini (Reuters) -Payments firm PayPal Holdings is planning to cut about 2,500 jobs, or 9%…
Stocks meander, yields mixed after strong US labor data
By Herbert Lash NEW YORK (Reuters) -Short-dated Treasury yields rose and a gauge of global equities seesawed near two-year highs…