By Bansari Mayur Kamdar (Reuters) -Bankruptcy filings by U.S. companies this year are on track to hit their highest since the pandemic, amid high interest rates and sticky inflation, with WeWork being the latest to succumb after grappling with expensive leases and work-from-home trends. There were 34 corporate bankruptcy petitions in November, according to data […]

By Annett Mary Manoj and Ananya Mariam Rajesh (Reuters) -Lululemon Athletica Inc on Thursday forecast fourth-quarter results below expectations, striking a cautious tone for the holiday season and sending shares of the premium apparel retailer down 2% in extended trading. The forecast, after a strong third-quarter show, mirrors sentiments from other U.S. retailers such as […]

By Noel Randewich and Amruta Khandekar (Reuters) – Wall Street finished mixed on Tuesday after fresh employment data bolstered bets that the U.S. Federal Reserve will cut interest rates as soon as March. Wall Street’s most valuable companies rose as Treasury yields dipped to multi-month lows. Nvidia and Apple rose more than 2%, while Amazon.com […]

By Dawn Chmielewski (Reuters) -The board appointed by Florida Governor Ron DeSantis to oversee Walt Disney’s theme parks accused the company of giving a previous local board and its employees millions of dollars’ worth of tickets, discounted hotel stays, merchandise and other benefits that were “akin to bribes of public officials.” “For years, the company […]

By Tom Wilson, Tom Westbrook and Chibuike Oguh LONDON/SINGAPORE/NEW YORK (Reuters) -Bitcoin rose on Monday, briefly surpassing $42,000 to reach a 20-month high, in a new surge of momentum fueled by U.S. interest rate cut expectations and traders betting that American regulators will soon approve exchange-traded spot bitcoin funds. The world’s biggest cryptocurrency rose to […]

(Reuters) – We asked ChatGPT, OpenAI’s viral chatbot, how it felt on its first birthday. This was its reply: “Thank you for the birthday wishes! However, it’s important to note that as a computer program, I don’t have feelings or consciousness, so I don’t experience emotions like humans do.” Still, its uncannily human-like responses have […]

WASHINGTON (Reuters) -The United States on Wednesday imposed sanctions on a virtual currency mixer the Treasury Department said has processed millions of dollars worth of cryptocurrency from major heists carried out by North Korea-linked hackers. The Treasury Department said in a statement that virtual currency mixer Sinbad, which was hit with sanctions on Wednesday, processed […]

(Reuters) – Apple is pulling the plug on its credit card partnership with Goldman Sachs Group, the Wall Street Journal reported on Tuesday. The tech giant recently sent a proposal to the Wall Street bank to exit the contract in the next 12 to 15 months, the report said, citing people briefed on the matter. […]