Luckin Coffee Inc reached a $175 million settlement of shareholder class-action claims that the Chinese rival to Starbucks fraudulently inflated its share price by falsifying revenue.
BP's trading team made at least $500 million in the third quarter of 2021, two sources with knowledge of the company's trading results said, as the energy major benefitted from a gas crisis that has left consumers and industries smarting.
Cryptocurrency products and funds had record inflows last week to the tune of $1.5 billion, their 10th straight week of investments, as optimism soared with the trading of bitcoin exchange traded funds, a report from digital asset manager CoinShares showed on Monday.
Global stocks rose and Treasury yields dipped on Monday with major Wall Street benchmarks hitting fresh records, buoyed by a robust start to the U.S. corporate earnings season and an improving economic outlook.
Billionaire Jeff Bezos-owned Blue Origin on Monday unveiled plans to develop a commercial space station called "Orbital Reef" with Boeing, aiming to launch the spacecraft in the second half of this decade.
The lure of the open road is as strong as ever, with travelers itching to get out of the confinement they experienced during the COVID-19 pandemic. But the delta variant of COVID is still going strong, which makes investing in travel precarious. What's the best way to invest in the reopening of the travel industry?
China Evergrande Group appeared to have averted default with a last-minute bond coupon payment, a source said on Friday, buying it another week to wrestle with a debt crisis looming over the world's second-biggest economy.
Canada said on Friday that U.S. proposals to create new electric vehicle tax credits for American-built vehicles could harm the North American auto industry and fall foul of trade agreements, according to a letter seen by Reuters.
Duke Energy Corp is in advanced settlement talks with Elliott Management Corp that could see the U.S. power utility add two directors backed by the activist investment firm to its board, people familiar with the discussions said on Friday.
Federal Reserve Chair Jerome Powell on Friday said the U.S. central bank should start the process of reducing its support of the economy by cutting back on its asset purchases, but should not yet touch the interest rate dial.
Walmart Inc is recalling about 3,900 bottles of an aromatherapy spray due to the possible presence of a rare and sometimes fatal bacteria, the U.S. Consumer Product Safety Commission (CPSC) said on Friday.
Suppliers to Chinese telecoms giant Huawei and China's top chipmaker SMIC got billions of dollars worth of licenses from November through April to sell them goods and technology despite their being on a U.S. trade blacklist, documents seen by Reuters showed on Thursday.
Oil tumbled on Thursday as a forecast for a warm U.S. winter put the brakes on a rally that drove prices to a three-year high above $86 a barrel early in the session on tight supply and a global energy crunch.
L'Oreal on Thursday posted better-than-expected revenue growth for the third-quarter, fuelled by continued strong demand for its luxury lines and sustained growth in China.
Teetering Chinese property giant China Evergrande formally abandoned plans to sell a $2.6 billion stake in one of its key units on Wednesday, as Beijing officials went out in force to say the problems would not spin out of control.
