By Jonathan Stempel NEW YORK (Reuters) - Sam Bankman-Fried is expected to enter a plea next week to criminal charges he defrauded investors and looted billions of dollars in customer funds at his failed FTX cryptocurrency exchange. The 30-year-old is…
By David Shepardson and Alexandra Alper (Reuters) -Southwest Airlines came under fire from the U.S. government on Tuesday after it canceled thousands of flights, and its boss, Bob Jordan, said the low-cost carrier needed to upgrade its legacy airline systems.…
By Dan Burns (Reuters) - Annual price growth in the increasingly fragile U.S. housing market slid into the single digits in October for the first time in about two years when mortgage rates that month surged above 7% and further…
By Nate Raymond (Reuters) -Facebook owner Meta Platforms Inc has agreed to pay $725 million to resolve a class-action lawsuit accusing the social media giant of allowing third parties, including Cambridge Analytica, to access users' personal information. The proposed settlement,…
(Reuters) -The Biden administration on Friday said it was ordering Mastercard Inc to stop blocking the use of competing networks to process debit payments. Under a proposed order, Mastercard would have to start providing competing payment networks with the customer…
(Reuters) - Solid Power Inc said on Wednesday it will offer some intellectual property rights related to its solid-state batteries to BMW and allow production of the battery cells at the automaker's facilities in Germany. Colorado-based Solid Power will license…
By David Shepardson and Aishwarya Nair WASHINGTON (Reuters) -Over 4,400 flights have been canceled over a two-day period as a powerful winter storm hits the United States, coinciding with the start of a holiday season that some predict could be…
By Timothy Aeppel (Reuters) - Glen Calder expected a shipment of gearbox reducers needed to build a particular model of his company's paving machines last week. But when he called on Thursday to check the status of the order, he…
(Reuters) - Shares of Tesla Inc fell nearly 6% on Tuesday after a string of brokerages cut their price targets on the electric-vehicle maker's stock, citing the risk from Elon Musk's Twitter distraction. Tesla's shares hit a more than two-year…
By Nivedita Balu (Reuters) -Twitter users voted decisively in a poll for Elon Musk to step down as chief executive of the social media platform, a backlash against the billionaire less than two months after he took over in what…