(Reuters) – Wynn Resorts is winding down its online sports betting and iGaming platform, WynnBET, in certain U.S. states due to a lack of clear rules and higher customer acquisition costs, the casino operator said on Friday. The company said it was ceasing operations in Arizona, Colorado, Indiana, Louisiana, New Jersey, Tennessee, Virginia, and West …
Wynn Resorts pulls the plug on WynnBET in certain US markets Read More »
(Reuters) -Air Canada reported a better-than-expected quarterly profit on Friday compared with a year-ago loss and sees solid passenger bookings into early 2024 as the country’s largest airline cashes in on strong international travel demand. A rush by North American travelers to make up for lost time during the pandemic has bolstered earnings for legacy …
Air Canada beats quarterly profit estimates, flags strong demand Read More »
By Lisa Baertlein (Reuters) – Former customers of bankrupt trucking firm Yellow can expect to see rates rise at least 10%-20% from the rock-bottom levels that helped usher in the demise of that nearly 100-year-old firm, industry analysts and executives said on Friday. Yellow, formerly known as YRC, was one of the largest U.S. trucking …
Some Yellow freight customers face post-bankruptcy sticker shock -analysts Read More »
By Greg Bensinger SAN FRANCISCO (Reuters) -California just supercharged the self-driving car industry. Following a contentious state agency vote, Alphabet Inc’s Waymo and General Motors’ Cruise are allowed to take paying passengers day or night throughout San Francisco, solidifying the tech hub as the center of the autonomous vehicle (AV) industry. It marks a significant …
San Francisco moves to center of robotaxi universe after California agency vote Read More »
By Natalie Grover and Alex Lawler LONDON (Reuters) -The International Energy Agency (IEA) on Friday said demand growth for oil next year will be slower than previously forecast, citing lacklustre macroeconomic conditions, a post-pandemic recovery running out of steam and the burgeoning use of electric vehicles. Growth is forecast to slow to 1 million barrels …
IEA sees slower 2024 oil demand growth, tightening market this year Read More »
(Reuters) – As the world’s central banks near the end of what has felt like a relentless string of interest rate rises, investors are taking a close look at how consumers and businesses are dealing with some of the tightest credit conditions in over a decade. China’s post-COVID bounce doesn’t seem to have happened, while, …
WASHINGTON (Reuters) – Virgin Galactic on Thursday blasted three tourists to the edge of space aboard its air-launched VSS Unity spaceplane, a live stream showed, the Richard Branson-founded company’s second commercial mission as it starts routine flights. The rocket-powered VSS Unity craft dropped from the carrier plane over New Mexico around 9:20 a.m. local time …
Virgin Galactic launches tourists to edge of space Read More »
By David Shepardson (Reuters) – Air taxi maker Archer Aviation said on Thursday it secured a $215 million equity investment and reached agreement with Boeing and its Wisk air taxi unit to collaborate and settle litigation. Archer said the new equity investment round includes Stellantis, Boeing, United Airlines, and ARK Investment Management LLC, increasing Archer’s …
Archer secures $215 million investment, settles rival Wisk lawsuits Read More »
By Jody Godoy (Reuters) -Bittrex has agreed to pay $24 million to settle claims by the U.S. Securities and Exchange Commission that the cryptocurrency exchange failed to register with the agency, according to a filing in Seattle federal court on Thursday. The SEC sued Bittrex Inc and its former CEO, William Shihara, in April, saying …
Bittrex to pay $24 million to settle with US securities regulator Read More »
(Reuters) – Wisk Aero, Archer Aviation, along with Boeing, reached a settlement to resolve the federal and state court litigation between the parties on undisclosed terms, the companies said on Thursday. (Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Shilpi Majumdar)
