NEW YORK/LONDON :Cryptocurrencies that seemed to be defying gravity just weeks ago came back down to earth with a bump on Wednesday after a roller-coaster ride which could undermine their potential as mainstream investments.
Ford Motor Co and South Korean battery maker SK Innovation are set to launch a battery joint venture in the United States to support the ramp-up of the No. 2 U.S. automaker's electric vehicle rollout, two people familiar with the matter said.
Ford Motor Co and South Korean battery maker SK Innovation are set to launch a battery joint venture in the United States to support the ramp-up of the No. 2 U.S. automaker's electric vehicle rollout, two people familiar with the matter said.
The dollar steadied amid a broad equity market sell-off on Wednesday, hovering near multi-month lows as market participants looked to the Fed for any change in nuance that could shed light on its monetary outlook.
Stock indexes globally added to declines in choppy trading on Wednesday following the release of minutes from the latest U.S. Federal Reserve meeting, while the 10-year U.S. Treasury yield rose to a session high and the U.S. dollar index gained.
Shares of Tesla Inc fell 2per cent on Wednesday, faring worse than the broader market, as China's crackdown on cryptocurrencies weighed on the electric car maker, which announced huge investment in bitcoins earlier this year.
Facebook, Alphabet unit Google and other tech giants will have to pledge to do more to curb the monetisation of false information through advertisement placements, according to a European Commission document seen by Reuters.
REUTERS: Squarespace Inc was valued at US$6.5 billion in its market debut on Wednesday, after its shares opened 4per cent below their reference price. Shares of the website building and hosting company opened at US$48, down from the reference price of US$50 a share. (Reporting by Niket ...
Twitter Inc's image-cropping algorithm has a problematic bias toward excluding Black people and men, the company said in new research on Wednesday, adding that "how to crop an image is a decision best made by people."
Europe could see the first flying taxis enter service as early as 2024, the region's top aviation regulator said on Wednesday.
