Crypto industry fears contagion as bitcoin slips under $ 20,000

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS / Dado Ruvic / File Photo Register now for FREE unlimited access to Reuters.com Register LONDON / HONG KONG, June 20 (Reuters) – The cryptocurrency industry was on edge on Monday … Read more

Apple workers at Maryland store vote to unionize, a first for the US

June 18 (Reuters) – Apple Inc. (AAPL.O) workers in Maryland voted on Saturday to join a union, becoming the first retail employees of the tech giant to unionize in the United States. More than 100 workers in Towson near Baltimore “have overwhelmingly voted to join the International Association of Machinists and Aerospace Workers,” the union … Read more

Week of rate hikes has stocks on course for steepest slide since 2020

Everyone except the BOJ is hiking Stocks sink as economy risks grow Yen slips as BOJ leaves policy unchanged SINGAPORE, June 17 (Reuters) – World stocks headed for their worst week since markets’ pandemic meltdown in March 2020, as interest rate hikes in the United States and Britain and a surprise one in Switzerland put … Read more

Revlon files for bankruptcy as online beauty race takes toll

June 16 (Reuters) – Revlon Inc (REV.N) has filed for bankruptcy after the US cosmetics firm buckled under debts it built up in efforts to compete with online-focused upstarts. Known for its nail polishes and lipsticks, the 90-year-old company listed assets and liabilities of between $ 1 billion and $ 10 billion in a court … Read more

Emergency ECB meeting lifts Europe, Fed ready to go big

News of emergency ECB meeting sends Italian markets soaring Market almost fully priced for Fed to hike 75 bps Euro rally knocks dollar off 20-yr peak, US yields off decade top China economic data slightly beat forecasts, still weak LONDON / SYDNEY, June 15 (Reuters) – European markets rallied on Wednesday on news the European … Read more

Asian stocks slide as Fed hike fears tip Wall St into bear market

HONG KONG, June 14 (Reuters) – Asian shares slid sharply and the safe-haven dollar held near a two-decade peak on Tuesday after Wall Street hit a confirmed bear market milestone on fears aggressive US interest rate hikes would push the world’s largest economy into recession. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell … Read more

Crypto firm Celsius pauses all transfers, withdrawals as markets tumble

A representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS / Dado Ruvic / Illustration Register now for FREE unlimited access to Reuters.com Register June 13 (Reuters) – Cryptocurrency lending firm Celsius Network will pause withdrawals and transfers between accounts due to “extreme market conditions”, the company said on Monday, in the latest … Read more

Tasty name but no Big Mac as rebranded McDonald’s restaurants open in Russia

June 12 (Reuters) – It might look and smell like McDonald’s but now it’s Vkusno & tochka. The golden arches are gone, the filet-of-fish is simply a fish burger. The Big Mac has left Russia. A new era for Russia’s fast-food and economic scene dawned on Sunday as McDonald’s (MCD.N) restaurants flung open their doors … Read more

Tesla to seek investor approval for 3-for-1 stock split

The logo of Tesla is seen in Taipei, Taiwan August 11, 2017. REUTERS / Tyrone Siu Register now for FREE unlimited access to Reuters.com Register June 10 (Reuters) – Electric vehicle maker Tesla Inc (TSLA.O) on Friday proposed a three-to-one stock split, making its shares more affordable following recent sell-offs of the most valuable automaker. … Read more

Goodbye Golden Arches: rebranded McDonald’s to reopen in Russia

McDonald’s has been hugely popular in Russia since the early 1990s It is among Western firms exiting Russia over Ukraine Company had operated nearly 850 restaurants across Russia McDonald’s restaurants to reopen on Sunday under new ownership June 10 (Reuters) – Sunday marks a new dawn for Russia’s fast-food lovers as former McDonald’s Corp (MCD.N) … Read more