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…
Tag: Updated
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…
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…
Energy heavyweights push European shares higher; Germany’s DAX hits fresh record high
By Sruthi Shankar and Shashwat Chauhan (Reuters) -European stocks advanced on Tuesday as bumper earnings from BP and higher crude…
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)…
US bank stocks sink after New York Community Bancorp cuts dividend
By Niket Nishant and Nupur Anand (Reuters) -Regional U.S. bank stocks sank on Wednesday, dragged by a 38% plunge in…
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%…