Losses from crypto scams grew 45% in 2023, FBI says
By Hannah Lang (Reuters) – Losses from cryptocurrency-related frauds and scams increased 45% in 2023 from 2022, totaling more than…
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Buffett’s Berkshire offloads Bank of America shares again; total sales near $7 billion
(Reuters) – Warren Buffett’s Berkshire Hathaway has trimmed its stake in Bank of America once again, making the total sales…
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Cryptoverse: Bitcoin ETFs take $50 billion baby steps toward big time
By Suzanne McGee (Reuters) – Last October, Matthew Hougan told an industry panel that he expected spot bitcoin exchange-traded funds…
Coinbase must face shareholder lawsuit over SEC risks
By Jonathan Stempel (Reuters) – A federal judge rejected Coinbase’s bid to dismiss a proposed class action by shareholders who…
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Fed’s Waller says it’s time to lower rates, open to larger cuts
(Reuters) – Federal Reserve Governor Christopher Waller on Friday said “the time has come” for the U.S. central bank to…
AI likely to weigh on oil prices over the next decade, Goldman says
(Reuters) – Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via…
World stocks tiptoe, dollar holds as investors await US data
By Yoruk Bahceli and Tom Westbrook (Reuters) – World stocks steadied on Tuesday and the dollar remained near a two-week…
Nvidia and chip index tumble as investors pause AI rally
By Noel Randewich (Reuters) – Shares of AI heavyweight Nvidia tumbled on Tuesday, with Wall Street’s chip index slumping 7%…
US gasoline slumps to near 3-year low on end of driving season, oil slump
By Shariq Khan NEW YORK (Reuters) – U.S. gasoline futures fell nearly 6% on Tuesday to their lowest since December…
Tesla’s China-made EV sales rise 3% y/y in Aug
BEIJING (Reuters) – Sales of U.S. automaker Tesla’s China-made electric vehicles grew 3% in August from a year earlier, data…