By Nick Carey, Paul Lienert and Sarah McFarlane LONDON/DETROIT (Reuters) -For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing insurance companies to write off cars with few miles -…
By Ann Saphir and Lindsay Dunsmuir (Reuters) -With the bulk of relevant economic data now in hand ahead of their policy meeting next week, U.S. central bankers are seen pressing on with their inflation-fighting campaign with a quarter-point interest-rate hike…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices plunged by nearly 5% on Wednesday to settle at the lowest levels in more than a year on concerns that a crisis of confidence in the banking sector could trigger a recession and…
By Ann Saphir (Reuters) - The Federal Reserve is seen raising its benchmark rate a quarter of a percentage point next week and again in May, as a government report showed U.S. inflation remained high in February, and concerns of…
By Nell Mackenzie LONDON (Reuters) - Hedge funds ended last week positioned to scoop up winning profits from bearish positions on bank stock falls, according to a note by Goldman Sachs sent to clients late on Sunday. They sold financially…
By Sinéad Carew and Amruta Khandekar (Reuters) - Wall Street's indexes ended down more than 1% on Friday after investors ran for the exits as they feared for the health of U.S. banks after the failure of a high-profile lender…
By Sinéad Carew and Amruta Khandekar (Reuters) - Wall Street's three major stock indexes closed lower on Thursday, with bank stocks creating the biggest drag while investors also worried that Friday's jobs report could spur more aggressive interest rate hikes…
(Reuters) -FTX said on Monday its affiliate Alameda Research had sued Grayscale Investments and its owner, cryptocurrency conglomerate Digital Currency Group (DCG), alleging the digital asset manager was "enriching itself at shareholders' expense". In a lawsuit filed with a Delaware…
By Deborah Mary Sophia (Reuters) -Altria Group Inc said on Monday it would buy startup NJOY Holdings Inc for about $2.75 billion in cash, in a fresh bet by the Marlboro maker on the e-cigarette market after losing billions through…
By Chris Prentice MIAMI (Reuters) -Companies may face steeper penalties for misconduct if they lack policies around employees' use of personal cell phones and messaging apps, a top U.S. Justice Department official said on Friday. Federal prosecutors will be examining…
