(Our weekly analysis of the wild world of cryptocurrencies. Repeats for additional subscribers) By Lisa Pauline Mattackal and Medha Singh (Reuters) – After months of tears and tantrums, bitcoin wants to split up with stock markets. The cryptocurrency, …
Musk says Twitter will charge $8 for blue tick
(Reuters) – Twitter Inc will charge $8 for its Blue service, which includes its sought-after “verified” badge, new boss Elon Musk said on Tuesday, in his push to monetize the service and make the social media network less reliant on ads. “Twitter’s cur…
U.S. dollar falls as investors see slower pace of Fed hikes from December
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar slid against major currencies on Tuesday, on some expectation that the Federal Reserve will signal a slower pace of tightening at its upcoming meeting to assess the impact of its rate hik…
Soybeans climb on short-covering; wheat, corn also higher
By Julie Ingwersen CHICAGO (Reuters) -U.S. soybean futures rose about 2% on Tuesday, buoyed by short-covering as the U.S. harvest winds down, hopes for export sales to China and uncertainty about the availability of South American supplies, traders sai…
Robinhood, Coinbase find sanctuary in interest income amid market rout
By Niket Nishant and Manya Saini (Reuters) – For U.S. online trading companies an often-overlooked financial metric could act as a bulwark against softening demand in the third quarter, according to analysts. The U.S. Federal Reserve’s rate hikes are e…
Swedish Match long-term shareholder Framtiden not tendering shares to Philip Morris
(Reuters) – Framtiden Partnerships, a long-term shareholder of Swedish Match AB of nearly two decades, said it will not accept Marlboro maker Philip Morris International Inc’s higher offer of 116 Swedish crowns ($10.53) per share. Dan Juran, managing m…
UK should consider interest cut on banks’ BoE reserves – former deputy governor
LONDON (Reuters) – Britain should consider changing the Bank of England’s policy of paying interest to banks on the reserves they hold there, former BoE deputy governor Charlie Bean said on Tuesday. Bean’s comments follow a proposal from another ex-BoE…
Exclusive-Tesla plans mass production start for Cybertruck at end of 2023-sources
(Reuters) – Tesla aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the long-awaited pickup truck Chief Executive Elon Musk unveiled in 2019, two people with knowledge of the plans told Reuters. …
BP joins rivals with bumper $8.2 billion profit
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – BP more than doubled its third-quarter profit from a year earlier to $8.15 billion and expanded its share buybacks by $2.5 billion, joining rivals in reporting bumper profits that have sparked renewe…
Cricket-Win over New Zealand a ‘big relief’ says England captain Buttler
BRISBANE (Reuters) – England captain Jos Buttler praised the team’s attitude in their crucial win over New Zealand at the Twenty20 World Cup on Tuesday, saying the result was a “big relief” for his side who kept their semi-final qualification hopes ali…