Page 884 - Reuters

Bitcoin sinks to fresh 18-month low of $20,079 as crypto meltdown deepens

The value of the global crypto market has tumbled 70% to under $900 billion from a peak of $2.97 trillion in November, CoinMarketCap data shows

Spotify to slow hiring by 25% amid economic uncertainty, shares rise 7.1%

The world's largest on-demand audio service has been on a hiring spree for years, adding more than 2,000 employees between 2019 and 2021

Tesla leads automakers in self-driving vehicle crashes: US regulator

Of the 392 such crashes reported by a dozen automakers since July, six deaths were reported and five serious injuries

Alwaleed bin Talal: The Saudi investment king who no longer rules alone

For years, Saudi Arabia's self-styled Warren Buffett, has made hundreds of millions of dollars by investing in companies from Citigroup to Uber to Twitter with almost complete autonomy

Growth stocks lift Wall Street ahead of Fed's rate decision; Nasdaq up 1.6%

Market heavyweights Apple Inc, Meta Platforms , Alphabet Inc, Microsoft Corp and Amazon.com Inc added between 1.3% and 2.5%

Tesla's Elon Musk files appeal to end SEC decree over Twitter posts

Musk, the world's richest person according to Forbes magazine, is trying to buy Twitter Inc for $44 billion

ECB to create new tool to address fragmentation risk in euro zone

ECB had an unscheduled, emergency meeting earlier on Wednesday to address higher borrowing costs for many European govts

Oil prices fall as investors bet US Fed will announce a 75 bps hike

Brent crude futures for August were down $1.27, or 1%, at $119.90 a barrel as of 1001 GMT, in volatile trading

Gold gains 1% as dollar, Treasury yields ease as Fed verdict looms

Spot gold climbed 0.9% to $1,824.80 per ounce by 1002 GMT while U.S. gold futures rose 0.8% to $1,827.30

Ford Motor recalls nearly 3 mn US vehicles over rollaway concerns

Ford said it is aware of six reports alleging property damage and four reports of injuries potentially related to the recall population

Crypto exchange Binance opens 2,000 positions for hiring, says CEO

This is in sharp contrast to a slew of job cuts by companies operating in the digital currency space

WTO makes final negotiations for trade deals, with eyes on defiant India

The 164-member body is seeking to agree on a response to the Covid-19 pandemic, a reduction of fishing subsidies, pledges on food security and the launch of an internal reform.

Emergency ECB meeting lifts European markets, Fed ready to go big

The euro jumped almost 0.75% to $1.0487 pushing the dollar index off a 20-year high in the process.

Baidu in talks to sell majority stake in China's answer to Netflix: Report

Baidu plans to sell all its holdings in iQIYI, stake sale could value iQIYI at about $7 bn, say sources

WTO members make final push for trade deals, with eyes on defiant India

WTO DG Ngozi Okonjo-Iweala told the more than 100 ministers present that time was running out and that they should "go the extra mile" to converge on the full range of issues

Policymakers look to rains, not just rates, to cool hot inflation: Report

Like its international peers, the Reserve Bank of India is expected raise rates aggressively over the next year to take some of the heat out of prices

China's factories perk up, but weak consumption show slow economic recovery

China's economy showed signs of recovery in May after slumping in the prior month as industrial production rose unexpectedly, but consumption was still weak

Asia shares subdued, dollar on a high as Fed's aggresive rate hike looms

Asian markets were in a pensive mood on Wednesday as shell-shocked investors waited to see just how aggressive the Federal Reserve would be on rates

MicroStrategy can withstand bitcoin volatility: CEO amid margin call fears

MicroStrategy CEO Michael Saylor said the software firm was capable of withstanding volatility in bitcoin prices after the token slumped to levels that triggered fears of possible liquidation

Russian forces cut off last routes out of Ukraine city, says report

Russian troops were "trying to gain a foothold in the central part of city", the Ukrainian military said on Tuesday in its daily roundup of the conflict in various parts of the country