Wall Street set for bounceback but recession risk keeps investors cautious

Wall Street set for bounceback but recession risk keeps investors cautious

LONDON, June 21 (Reuters) – Wall Street was set to open higher on Tuesday and European shares were set for a second day of gains, recovering slightly from last week’s 17-month lows, but major central banks’ rate hike plans and global recession risks kept investors cautious. World stocks have edged higher so far this week, … Read more

Thousands walk out in Britain’s biggest rail strike in 30 years as Johnson vows to stay firm

Thousands walk out in Britain's biggest rail strike in 30 years as Johnson vows to stay firm

More than 40,000 rail workers walk out Government under pressure over cost-of-living crisis Unions say strike may start ‘summer of discontent’ LONDON, June 21 (Reuters) – Tens of thousands of workers walked out on the first day of Britain’s biggest rail strike in 30 years on Tuesday with passengers facing further chaos as both the … Read more

Crypto’s latest meltdown leaves punters bruised and bewildered

Crypto's latest meltdown leaves punters bruised and bewildered

LONDON/MUMBAI/ANKARA, June 21 (Reuters) – For Jeremy Fong, US crypto lender Celsius was an ideal place to stash his digital currency holdings – and earn some spending money from its double-digit interest rates along the way. “I was probably earning $100 a week,” at sites like Celsius, said Fong, a 29-year civil aerospace worker who … Read more

Tesla cars barred for 2 months in Beidaihe, site of China leadership meet

Tesla cars barred for 2 months in Beidaihe, site of China leadership meet

A Tesla logo is seen at a Tesla showroom in Shanghai, China January 7, 2019. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, June 20 (Reuters) – Tesla (TSLA.O) cars will be prohibited from entering the Chinese coastal district of Beidaihe, site of a secretive annual summer party leadership conclave, for … Read more

Warren Buffett charity lunch fetches record winning bid of $19 million

Warren Buffett charity lunch fetches record winning bid of $19 million

June 18 (Reuters) – A wealthy person has bid a record $19 million to eat lunch with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned a private lunch to benefit a San Francisco charity. The winning bid at the eBay auction, which ended on Friday, far surpassed the previous record … Read more

Elon Musk’s SpaceX fires at least five over critical letter

Elon Musk's SpaceX fires at least five over critical letter

SpaceX founder and CEO Elon Musk arrives to see off the Inspiration 4 crew, the first all-civilian crew to be sent into orbit, before they head to the SpaceX Falcon 9 rocket on Pad 39A at the Kennedy Space Center in Cape Canaveral, US, September 15, 2021. REUTERS/Joe Skipper/File Photo Register now for FREE unlimited … Read more

In call with Twitter staff, Elon Musk muses on space aliens, company’s future

In call with Twitter staff, Elon Musk muses on space aliens, company's future

June 16 (Reuters) – Elon Musk addressed Twitter (TWTR.N) employees for the first time on Thursday, expressing his view that Twitter would need to cut its headcount, but offering few other new details about his $44 billion planned takeover of the social media company. Musk appeared via video call 10 minutes late to what turned … Read more

Investors dump shares on growth fears as Swiss, UK hike rates

Investors dump shares on growth fears as Swiss, UK hike rates

NEW YORK, June 16 (Reuters) – World stocks plummeted again on Thursday and government bonds hovered near multi-year highs after a series of rate rises from global central banks rekindled fears that aggressive policy tightening could drag economies into recession. Following a relief rally on Wednesday when investors welcomed the US Federal Reserve’s aggressive move … Read more

SpaceX employees denounce CEO Musk as “distraction” – letter

SpaceX employees denounce CEO Musk as "distraction" - letter

Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register Orlando, Fla., June 16 (Reuters) – A group of SpaceX employees derided flamboyant billionaire Chief Executive Officer Elon Musk as a … Read more

Bitcoin eases from 18-month low as crypto market stabilizes

Bitcoin eases from 18-month low as crypto market stabilizes

LONDON/NEW YORK, June 15 (Reuters) – Bitcoin recovered on Wednesday after diving to an 18-month low, buoyed by the US Federal Reserve’s tough stance on inflation even in the midst of a market meltdown this week after crypto lender Celsius froze customer withdrawals. The world’s largest cryptocurrency fell as much as 7.8% to $20,079.72 , … Read more