DAVOS, Switzerland (Reuters) - The World Economic Forum (WEF) returned to Davos for its first winter session in three years with high expectations. Record numbers of government officials and business leaders were expected at the elite annual affair. However, the…
By Brendan Pierson (Reuters) -California is suing the United States' leading insulin makers and pharmacy benefit managers, accusing them of using their market power to overcharge patients for the life-saving drug, the state's attorney general announced on Thursday. The lawsuit,…
By Joseph White LAS VEGAS (Reuters) - BMW AG has unveiled a prototype for a car that talks like a human being, changes colors to suit the driver's mood and has no screens on its dashboard. The German luxury automaker's…
(Reuters) - Big Tech firms are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Persisting inflation leading to interest rate hikes, weak consumer demand and an economic…
NEW YORK (Reuters) - Sam Bankman-Fried's parents have been getting physical threats since the collapse of their son's now-bankrupt FTX cryptocurrency exchange, his lawyers said on Tuesday. The disclosure was made in a filing in Manhattan federal court, where the…
By Marc Jones LONDON (Reuters) - Trillions of dollars wiped off world stocks, bond market tantrums, whip-sawing currency and commodities and the collapse of a few crypto empires - 2022 has been perhaps the most turbulent year investors have ever…
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…
(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…
(Reuters) -The world's largest investment banks expect global economic growth to slow further in 2023 following a year roiled by the Ukraine conflict and soaring inflation, which triggered one of the fastest monetary policy tightening cycles in recent times. The…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell over 3% on Monday, following U.S. stock markets lower, after U.S. service sector data raised worries that the Federal Reserve could continue its aggressive policy tightening path. Brent crude futures settled…