Sep 14, 2023
New ETF looks to tap hot market for zero-day options

By Saqib Iqbal Ahmed NEW YORK (Reuters) - An exchange-traded fund (ETF) that started trading on Thursday offers investors a new way to participate in the hot market for short-dated equity options, a risky trading strategy that has enthralled markets…

Sep 13, 2023
Delta, United must face class action over US airfares

By Jonathan Stempel (Reuters) -Delta Air Lines and United Airlines were ordered by a federal judge to face a consumer antitrust class action accusing major U.S. carriers of conspiring to drive up domestic airfares by reducing the number of available…

Sep 13, 2023
Biden wants UAW, automakers to work around-the-clock to avert strike

WASHINGTON (Reuters) - U.S. President Joe Biden wants auto union UAW and major automakers to work around-the-clock to avoid a strike, White House economic adviser Jared Bernstein said Wednesday. Biden has “encouraged the parties to stay at the table and…

Sep 12, 2023
Factbox-Few suppliers of synthetic graphite for EV batteries

(Reuters) - Although synthetic graphite has been around for more than 100 years, few companies are supplying the material to makers of electric vehicle batteries and battery electrodes. Here’s a short list of public and private companies engaged in the…

Sep 12, 2023
Cryptoverse: Venture capital still haunted by crypto chaos

By Lisa Pauline Mattackal and Medha Singh (Reuters) - For venture capitalists, the scars of bitcoin's disastrous 2022 run deep. While breezy bitcoin has bounced back, leaping by about 55% this year, investments in crypto startups have dropped for the…

Sep 11, 2023
Nasdaq ends sharply higher as Tesla soars on AI optimism

By Noel Randewich and Shristi Achar A (Reuters) - The Nasdaq closed sharply higher on Monday as Tesla surged on optimism around artificial intelligence and investors awaited inflation data due later this week. Tesla rallied 10% after Morgan Stanley upgraded…

Sep 11, 2023
Factbox-Governments race to regulate AI tools

(Reuters) - Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI's ChatGPT are complicating governments' efforts to agree laws governing the use of the technology. Here are the latest steps national and international governing bodies are taking to regulate…