Crypto Lender BlockFi Files for Chapter 11

SURFSIDE BEACH, S.C. (Reuters) -A U.S. military fighter jet shot down a suspected Chinese spy balloon off the coast of South Carolina on Saturday, a week after it first entered U.S. airspace and triggered a dramatic -- and public -- spying saga that worsened Sino-U.S. relations. President Joe Biden said...

WASHINGTON (Reuters) -A Chinese spy balloon has changed course and is now floating eastward at about 60,000 feet (18,300 meters) over the central United States, demonstrating a capability to maneuver, the U.S. military said on Friday, in the latest twist to a spying saga that led U.S. Secretary of State Antony Blinken to postpone a visit to China.

SAO PAULO (Reuters) - Brazilian retailer Americanas SA said on Friday its board had decided to remove three directors and three executives amid investigations over so-called accounting inconsistencies. Americanas, backed by the billionaire trio that founded investment firm 3G Capital, entered bankruptcy protection last month after disclosing "inconsistencies" in its...

(Reuters) - Twitter will start sharing revenue from advertisements with some of its content creators, Chief Executive Elon Musk said on Friday. Effective Friday, revenue from ads that appear on a creator's reply threads, will be shared. The user must be a subscriber of Blue Verified, Musk said. Musk, however,...

BRASILIA (Reuters) - Newly elected Brazilian President Luiz Inacio Lula da Silva is considering an income tax exemption for workers who earn two times the minimum wage, or just over 2,600 reais ($504.64) a month from 1,903 currently, two sources with knowledge of the negotiations said on Saturday. The idea,...

TOKYO (Reuters) - Washington has suggested deploying medium-range missiles in Japan as part of a plan to bolster defences against China along the East and South China Seas, the Sankei newspaper reported on Saturday citing unidentified people involved with U.S.-Japan relations. The deployment to U.S. forces in Japan may include...

(Reuters) -The U.S. Federal Trade Commission is preparing a possible antitrust lawsuit against e-commerce giant Amazon.com Inc, the Wall Street Journal reported on Friday, citing people familiar with the matter. It could not be determined exactly which aspects of Amazon's businesses the FTC would target and the timing of any...

(Reuters) - Elon Musk may become even more emboldened in his Twitter use after a jury cleared the billionaire Tesla Inc chief executive over his missive that he had "funding secured" to take his electric car company private. A San Francisco jury took just two hours to unanimously find the...

NEW DELHI (Reuters) - Financial contagion fears spread in India on Friday as the Adani Group's crisis worsened, with ratings agency Moody's warning the conglomerate may struggle to raise capital and S&P cutting the outlook on two of its businesses. Chaotic scenes in both houses of India's parliament led to...

(Reuters) - A U.S. judge rejected FedEx Corp's request to throw out or reduce a jury's $366 million damages award to a Black former employee who said the package delivery company fired her after she complained about racial discrimination. FedEx appealed the final judgment entered on Thursday by U.S. District...

BRASILIA (Reuters) -A new wave of criticism from Brazilian President Luiz Inacio Lula da Silva and his Cabinet against the central bank weighed on financial markets on Friday, which were also reeling from surprisingly strong U.S. employment data. Lula resumed an offensive against the central bank in a Thursday TV...

(Reuters) - A U.S. labor board has cleared the way for 86 technicians at Nissan Motor Co's Smyrna, Tennessee plant to vote on whether to join a union, rejecting the automaker's claim that the unit should include thousands of production workers. The Democrat-controlled National Labor Relations Board (NLRB) in a...