Kraken lays off hundreds to streamline business ahead of IPO, Coindesk reports
(Reuters) -Kraken, one of the world’s largest cryptocurrency exchanges, has laid off hundreds of employees in the past several months…
Category: Business
Zoom down for thousands of users, Downdetector shows
(Reuters) – Video-conferencing platform Zoom Communications services were down for thousands of users on Wednesday, according to outage tracking website…
Intel will need license to export AI chips to Chinese clients, FT reports
(Reuters) – American chipmaker Intel has informed Chinese clients it will start needing a license to sell some of its…
Judge scraps US rule capping credit card late fees at $8
By Jonathan Stempel (Reuters) -A federal judge on Tuesday threw out a U.S. Consumer Financial Protection Bureau rule capping credit…
United Airlines warns of profit risks if US economy falters
By Rajesh Kumar Singh CHICAGO (Reuters) -United Airlines forecast lower-than-expected profit for the current quarter on Tuesday and warned of…
UnitedHealth asks healthcare providers for hack loan repayments
By Amina Niasse and Bhanvi Satija (Reuters) -UnitedHealth Group is demanding that healthcare providers repay the loans they received from…
Foreign investors dump $6.5 billion of U.S. equities in a week
LONDON (Reuters) – Foreign investors dumped $6.5 billion of U.S. equities in the five trading sessions ending Wednesday, BofA Global…
Tesla stops taking new orders in China for two imported, US-made models
BEIJING (Reuters) -Tesla has suspended taking new orders for Model S and Model X vehicles on its Chinese website, Reuters…
CarMax boosts newer pre-owned car inventory as tariffs impact buying trends
By Nathan Gomes (Reuters) -CarMax is expanding its inventory of newer pre-owned vehicles, as U.S. President Donald Trump’s latest tariffs…
Wall Street bosses fear anti-American backlash as Trump’s trade war intensifies
By Lananh Nguyen and Sinead Cruise NEW YORK/LONDON (Reuters) – Wall Street bosses are girding for Europe to sideline American…