BUSINESS

Cryptocurrency lending giants wanted to operate on the level of banks, but their appetite for risk and a paucity of regulatory guardrails mean they and their clients now face financial ruin.

US airlines are bracing customers for what will probably be another bumpy holiday weekend as the industry struggles to manage a surge in travel demand that probably exceeds its current capacity.

Migrants recount nightmare journeys in US-bound trucks

Oil prices rose nearly 3% on Friday as supply outages in Libya and expected shutdowns in Norway outweighed expectations that an economic slowdown could dent demand.

Oil prices gained more than 2% on Friday as supply outages in Libya and expected shutdowns in Norway outweighed expectations that an economic slowdown could dent demand.

Oil prices rose about $2 a barrel on Friday, recouping most of the previous session's declines, as supply outages in Libya and expected shutdowns in Norway outweighed expectations that an economic slowdown could dent demand.

Oil prices rose about 2% on Friday, recouping most of the previous session's declines, as supply outages in Libya and expected shutdowns in Norway outweighed expectations that an economic slowdown could dent demand.

Oil prices fell on Friday, extending the previous day's plunge, as lingering fears of a recession weighed on sentiment, putting the benchmarks on track for their third straight weekly losses.

Oil prices eased on Friday as lingering fears of a recession demand weighed on sentiment, putting the benchmarks on track for their third straight weekly losses.

Oil prices edged up in early trade on Friday, after sinking in the previous session as OPEC+ said it would stick to its planned oil output hikes in August and investors worried about the strength of the global economy.

Horseshoe crabs: 'Living fossils' vital for vaccine safety

The U.S. Federal Communications Commission on Thursday authorized Elon Musk's SpaceX to use its Starlink satellite internet network with moving vehicles, green-lighting the company's plan to expand broadband offerings to commercial airlines, shipping vessels and trucks.

A U.S. Supreme Court decision to curb the Environmental Protection Agency's power to regulate greenhouse gas emissions may be bad news for a Securities and Exchange Commission (SEC) bid to force companies to disclose their emissions.

A U.S. Supreme Court decision to curb the Environmental Protection Agency's power to regulate greenhouse gas emissions may be bad news for a Securities and Exchange Commission (SEC) bid to force companies to disclose their emissions.

NYPD unit that inspired 'Law & Order: SVU' faces gender bias probe

The one-year countdown began on Thursday to the end of the publication of the tarnished London Interbank Offer Rate, or Libor, for existing U.S.

The former top corporate lawyer at Apple Inc pleaded guilty on Thursday to insider trading charges, for what prosecutors called a five-year scheme to trade ahead of the iPhone maker's quarterly earnings announcements.

A significantly weaker than expected business outlook by memory-chip firm Micron Technology Inc on Thursday raised concern that following nearly two years of strong demand the industry was turning toward a down cycle.

FBI adds Bulgarian 'Crypto Queen' to most-wanted list

General Motors (GM) said on Friday it had called off the sale of a shuttered Indian plant to China's Great Wall Motor after they failed to obtain regulatory approvals, amid a tougher stance by New Delhi towards investments from Beijing.

Enjoy Technology Inc, a Silicon Valley retailer led by former Apple Inc and JC Penney Co executive Ron Johnson, filed for bankruptcy protection on Thursday, fewer than nine months after going public through a special-purpose acquisition company (SPAC).

Facebook-owner Meta Platforms Inc is bracing for a leaner second half of the year, as it copes with macroeconomic pressures and data privacy hits to its ads business, according to an internal memo seen by Reuters on Thursday.

The recalled chairs could be improperly assembled, which could lead to an injury hazard.

Washington blocks more than $1 bn in Russian oligarch's US assets

Tesla Inc is expected to end its nearly two-year-long run of record quarterly deliveries as a prolonged COVID-related shutdown in Shanghai hit its production and supply chain, highlighting the risks of its reliance on China.

Shell said on Thursday it had suspended plans to sell its onshore oil assets in Nigeria, complying with a Supreme Court ruling that said it had to wait for the outcome of an appeal over a 2019 oil spill.

Airport workers went on strike at Paris' main international airport Roissy-Charles de Gaulle on Friday, forcing the cancellation of about 10% of flights and bringing more disruption to early summer travel.

Economies are beginning to see the ugly side of inflation surface, polarizing political systems and fueling strikes and protests that disrupt economic activity.

Steep losses in stocks and bonds, dizzying market swings and a Federal Reserve intent on curbing the worst inflation in more than forty years have been among the hallmarks of U.S.