RIO DE JANEIRO (Reuters) – Brazilian state-run oil company Petrobras will avoid raising fuel prices until after Congress finishes debating further tax cuts, two sources close to the matter told Reuters on Tuesday. (Reporting by Rodrigo Viga Gaier; Writing by Peter Frontini; Editing by Leslie Adler)
By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 ended lower on Tuesday as the index was unable to bounce from a sharp sell-off in the prior session with a key policy statement from the Federal Reserve on deck that will reveal how aggressive the central bank’s policy path will be. Analyst expectations had …
S&P 500 dips with Fed policy announcement on tap Read More »
By Tom Wilson, Elizabeth Howcroft and Hannah Lang LONDON/WASHINGTON (Reuters) – Bitcoin steadied on Tuesday after earlier hitting a new 18-month low, as major crypto lender Celsius Network’s freezing of withdrawals and the prospect of sharp U.S. interest rate rises shook the volatile asset class. Bitcoin clawed its way to positive territory after much as …
Bitcoin stabilizes after heavy losses but pessimism reigns in crypto markets Read More »
By Akash Sriram (Reuters) -Warner Bros Discovery Inc has offered some members of its U.S. advertising sales force an opportunity to voluntarily leave the company as part of a move to cut up to 30% of jobs in the team, a person familiar with the matter told Reuters. The job cut implies a layoff of …
Warner Bros Discovery to cut as much as 30% of ad sales jobs – source Read More »
(Reuters) – Major League Soccer and Apple TV announced a partnership on Tuesday that will see every game streamed on the app for the next decade. The broadcasting rights deal is worth $2.5 billion, the Financial Times reported, citing people familiar with the matter. (https://on.ft.com/3xMkVxD) Apple and Major League Soccer (MLS) did not immediately respond …
Soccer-Major League Soccer and Apple TV agree to 10-year partnership Read More »
(Reuters) – Pfizer Inc said on Tuesday it would halt enrollment in a trial for its COVID-19 antiviral drug, Paxlovid, in standard-risk patients after a study revealed the treatment was not effective in reducing symptoms in that group. The drug has emergency use authorization for high-risk groups in which it has been effective in reducing …
Pfizer stops enrollment in Paxlovid trial in standard-risk population Read More »
By John McCrank NEW YORK (Reuters) – The Financial Industry Regulatory Authority plans to increase its resources to understand and monitor cryptocurrencies as more of the Wall Street watchdog’s members trade digital assets, Chief Executive Officer Robert Cook said on Tuesday. “We are already having to be engaged in the space and we think that …
Wall Street watchdog to laid-off crypto employees: work for us Read More »
WASHINGTON (Reuters) – The U.S. Department of Energy on Tuesday said it was selling up to 45 million barrels of oil from the Strategic Petroleum Reserve as part of the Biden administration’s previously announced, largest-ever release from the stockpile. Deliveries of crude from the SPR sale would take place from Aug. 16 through Sept. 30, …
U.S. to sell up to 45 million bbls oil from reserve as part of historic release Read More »
By Tom Wilson, Hannah Lang and Elizabeth Howcroft WASHINGTON (Reuters) -Bitcoin fell as much as 14% on Monday after major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers citing “extreme” market conditions, in the latest sign of the financial market downturn hitting the cryptosphere. The Celsius move triggered a slide across cryptocurrencies, with …
Crypto contagion fears spread after Celsius Network freezes withdrawals Read More »
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) – Fourteen Middle Eastern and Asian countries will not show Walt Disney Co’s new Pixar movie “Lightyear” when it hits theaters this week, a source familiar with the matter said on Monday. The United Arab Emirates said it banned the film because the movie includes a …
Exclusive-Pixar movie ‘Lightyear,’ with same-sex couple, will not play in 14 countries Read More »
