(Reuters) -Cryptocurrency lender Genesis was seeking an emergency loan of $1 billion from investors before it suspended withdrawals on its website, the Wall Street Journal reported on Thursday, citing a confidential fundraising document. The document viewed by the Journal cites…
By Akash Sriram (Reuters) - Every time Lucid Group Inc or Rivian Automotive Inc sells an electric car, they are losing hundreds of thousands of dollars due to staggering raw material and production costs, their latest earnings statements showed. Quarterly…
By Angus Berwick and Tom Wilson (Reuters) - On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off-guard with a somber message. "I’m sorry,” he told them. “I fucked up.” The reason for the mea culpa:…
By Eva Mathews (Reuters) -Shares in Walt Disney Co closed 13% lower, its biggest one-day loss since 2001, on Wednesday, as ballooning costs at the entertainment giant's fast-growing streaming division cast a shadow on strong subscriber additions. Shares of the…
By Hyunjoo Jin SAN FRANCISCO (Reuters) -Tesla Inc shares slid to their lowest level in nearly two years on Wednesday after Chief Executive Elon Musk disclosed he sold another $3.95 billion worth of shares in the electric-vehicle maker. Shares ended…
(Reuters) - Netflix Inc is exploring investments in live sports broadcasting and has recently bid for the streaming rights for sports leagues, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The company recently bid for…
By Manya Saini and Niket Nishant (Reuters) - PayPal Holdings shares dropped nearly 6% in morning trade on Friday after the digital payments heavyweight lowered its annual revenue forecast, warning of a bleak holiday quarter as consumers cut back on…
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever And so it came to pass: the Fed raised interest rates by three quarters of a percent for the fourth consecutive meeting, cementing…
By Sheila Dang (Reuters) - Banned accounts will not be allowed back onto Twitter until the social media platform has "a clear process for doing so," Elon Musk tweeted in the early hours on Wednesday, giving more clarity about the…
(Reuters) - Pandemic-related disruptions to global supply chains and the knock-on effects of Russia's war in Ukraine have driven up prices of energy, commodities and basic necessities. Below is a list of actions taken by governments to try to help…