By John McCrank and Alun John NEW YORK (Reuters) -Bitcoin and other cryptocurrencies were under pressure on Monday following last week’s spectacular collapse of crypto exchange FTX, while regulators opened probes and rival exchanges sought to reassure …
Amazon to lay off thousands of employees -source
By Jeffrey Dastin (Reuters) -Amazon.com Inc is planning to lay off around 10,000 employees in corporate and technology roles beginning this week, a person familiar with the matter said on Monday, in what would amount to its biggest such reduction to da…
U.S. Supreme Court rejects StarKist’s tuna price-fixing class action appeal
By Nate Raymond (Reuters) -The U.S. Supreme Court on Monday declined to hear a bid by StarKist Co, owned by South Korea’s Dongwon Industries, to avoid a lawsuit by tuna buyers accusing it of fixing prices. The justices turned away StarKist’s appeal of …
U.S. court extends block on Biden’s student loan forgiveness plan
(Reuters) -A U.S. appeals court has extended a block on President Joe Biden’s administration from fulfilling his plan to cancel hundreds of billions of dollars in student loan debt at the urging of six Republican-led states, a court filing on Monday sh…
U.S. Supreme Court lets House panel get Arizona Republican’s phone records
By Nate Raymond and Andrew Chung WASHINGTON (Reuters) -The U.S. Supreme Court on Monday paved the way for a congressional panel to obtain phone records from Arizona Republican Party Chair Kelli Ward, rejecting her request to block a subpoena issued in …
‘Cockeyed optimist’ Biden pushes unity with Republicans after Democrats retain Senate
By Nandita Bose and Andrea Shalal NUSA DUA, Indonesia/WASHINGTON (Reuters) -As midterm election forecasts darkened for his Democratic party, U.S. President Joe Biden kept predicting things would turn around. This weekend, he was partially vindicated as…
Stocks end down, U.S. yields up as investors assess Fed path
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks ended lower on Monday in choppy trade and U.S. bond yields rose as investors assessed comments from Federal Reserve officials to try and determine the central bank’s path of rate hikes….
Biden and Xi clash over Taiwan in Bali but Cold War fears cool
By Nandita Bose and Stanley Widianto NUSA DUA, Indonesia (Reuters) -U.S. President Joe Biden and Chinese President Xi Jinping engaged in blunt talks over Taiwan and North Korea on Monday in a three-hour meeting aimed at preventing strained U.S.-China t…
Taylor Swift wins most prizes at MTV Europe Music Awards
By Matthias Inverardi and Tom Sims DUESSELDORF (Reuters) – Taylor Swift walked away with four prizes at MTV’s Europe Music Awards on Sunday, including best video for her 10-minute “All Too Well”. Double-award winners included Nicki Minaj for best song …
Fed may cut size of rate increases, but is not ‘softening’ inflation fight, Waller says
WASHINGTON (Reuters) – The U.S. Federal Reserve may consider slowing the pace of rate increases at its next meeting but that should not be seen as a “softening” in its commitment to lower inflation, Federal Reserve Gov. Christopher Waller said on Sunda…