Category: Business

Dogecoin surged more than 70% on Saturday, extending this week’s gains after Elon Musk sealed a $44-billion deal to take over Twitter last week. The Tesla Inc (TSLA.O) CEO, a vocal proponent of cryptocurrencies, has heavily influenced prices of dogecoin and bitcoin. Tesla started accepting dogecoin as payment for its merchandise early this year, and […]

China Evergrande New Energy Vehicle Group Ltd (0708.HK) has started deliveries of its Hengchi 5 electric vehicle, with the first 100 customers getting their cars on Saturday, it said on its official Wechat account. The company, a unit of heavily indebted property developer China Evergrande Group (3333.HK), launched production of the vehicle at a plant […]

A bounce in U.S. stocks that has defied a barrage of major earnings disappointments faces a key test in the coming week, when the Federal Reserve’s next meeting could shed light on how long it will stick to the aggressive monetary policies that have crippled asset prices in 2022. Betting on a less hawkish Fed […]

Polish national airline PLL LOT on Friday asked a U.S. judge to declare it was a crime victim in the Boeing 737 MAX criminal case, a move that could make the airline eligible for significant compensation. U.S. District Judge Reed O’Connor in Texas ruled last week that people killed in two Boeing 737 MAX crashes […]

Meta Platforms Inc (META.O) Chief Executive Officer Mark Zuckerberg will testify in a case by the Federal Trade Commission (FTC) that argues the company’s proposed deal to buy virtual reality (VR) content maker Within Unlimited should be blocked. In a court document filed with U.S. District Court Northern District Of California on Friday, the FTC […]

General Motors Co (GM.N) said late on Friday it had temporarily halted paid advertising on Twitter after Elon Musk completed his takeover of the social media company. The largest U.S. automaker said it was “engaging with Twitter to understand the direction of the platform under their new ownership.” Twitter did not immediately respond to a […]

A robust, broad-based rally sent Wall Street to a sharply higher close on Friday as encouraging economic data and a sunnier earnings outlook fueled investor risk appetite ahead of next week’s much-anticipated two-day policy meeting of the Federal Reserve. All major U.S. indexes ended the session up about 2.5% or more, with the S&P and […]