By David Shepardson WASHINGTON (Reuters) -General Motors said on Wednesday it was recalling 825,000 trucks and SUVs in North America because daytime running lights may not deactivate when the headlights are on, potentially causing excess glare. The largest U.S. automaker said the recall covers various Cadillac CT4 and CT5; Buick Envision; Cadillac Escalade and Escalade …
GM recalls 825,000 trucks, SUVs over headlight issue Read More »
By Jared Higgs and Brian Ellsworth NASSAU (Reuters) – Cordoned-off roads, a sweltering courtroom and numerous delays marked Sam Bankman-Fried’s first in-person public appearance since his crypto company collapsed. The Bahamas courtroom hearing, conducted over the course of six hours, saw Bankman-Fried, dressed in a suit rather than his typical t-shirt attire, seeking bail to …
In sweltering Bahamas courtroom, Bankman-Fried fights incarceration Read More »
By Jasper Ward and Brian Ellsworth (Reuters) -Prisoners faced rodents and a lack of toilets in the Bahamas detention center where Sam Bankman-Fried will be held, according to a 2021 U.S. State Department report, though local authorities says conditions have since improved. The 30-year-old Bankman-Fried arrived at a Bahamas court on Tuesday for his first …
Uncertain conditions await Bankman-Fried at Bahamas detention center Read More »
By Howard Schneider, Ann Saphir and Michael S. Derby WASHINGTON (Reuters) -The Federal Reserve raised interest rates by half a percentage point on Wednesday and projected at least an additional 75 basis points of increases in borrowing costs by the end of 2023 as well as a rise in unemployment and a near stalling of …
Fed pledges more rate hikes despite fears of economy stalling Read More »
(Reuters) – Twitter Inc suspended a bot account tracking its owner Elon Musk’s private jet, the account’s operator Jack Sweeney said in a tweet on Wednesday. The Twitter account tracked movements of Musk’s private jet using data available in the public domain. Later in the day, Sweeney’s Twitter account was also suspended. Musk said in …
Twitter suspends bot account tracking Elon Musk’s jet Read More »
(Reuters) – An equities trader at a large U.S. asset manager was criminally charged with using information about his employer’s trades to make tens of millions of dollars in an insider trading scheme, federal prosecutors in New York said Wednesday. Equities trader Lawrence Billimek, 51, of Hailey, Idaho, was arrested in Texas and day trader …
Securities trader charged in New York with front-running employer’s trades Read More »
By Tom Wilson and Rae Wee LONDON/SINGAPORE (Reuters) -The head of major crypto exchange Binance said on Wednesday deposits were returning, a day after it saw heavy outflows of cryptocurrencies and halted some stablecoin withdrawals. On Tuesday, blockchain data firm Nansen said Binance saw withdrawals of $1.9 billion in 24 hours, the largest such outflow …
Crypto firm Binance says deposits returning after heavy withdrawals Read More »
BERLIN (Reuters) – Germany is highly dependent on imports for many crucial raw materials and often relies entirely on other countries to meet demand, according to a study seen by Reuters, which warned that much of this reliance was on authoritarian regimes. The DIW research institute identified 30 raw materials as particularly critical and placed …
Germany entirely dependent on imports for 14 critical raw materials – study Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks rose on Tuesday after a surprisingly small consumer price increase buoyed optimism that the Federal Reserve could soon dial back its inflation-taming interest rate hikes, but concerns remained the central bank could stay aggressive. The benchmark S&P 500 rose as much as 2.76% to a three-month …
Wall St rises after CPI data but Fed concerns persist Read More »
By Angus Berwick, John Shiffman and Koh Gui Qing (Reuters) – In mid-2020, FTX’s chief engineer made a secret change to the cryptocurrency exchange’s software. He tweaked the code to exempt Alameda Research, a hedge fund owned by FTX founder Sam Bankman-Fried, from a feature on the trading platform that would have automatically sold off …
Exclusive-How a secret software change allowed FTX to use client money Read More »
