Finance

US judge proposes to extend Citgo auction timeline to late Oct

US judge proposes to extend Citgo auction timeline to late Oct

HOUSTON (Reuters) -A U.S. judge overseeing a court-ordered auction of shares in the parent of refiner Citgo Petroleum said on Tuesday he is inclined to receive briefings about the bid recommended ...

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Powell Warns The Fed Faces a ‘Challenging’ Situation in Setting Interest Rates

Powell Warns The Fed Faces a ‘Challenging’ Situation in Setting Interest Rates

Chip Somodevilla / Getty Images The Fed continues to emphasize that it currently has no “risk-free” path. Fed Chair Jerome Powell said the economy is pulling the central bank&...

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Crypto firm Tether eyes $500 billion valuation in major raise round, Bloomberg News reports

Crypto firm Tether eyes $500 billion valuation in major raise round, Bloomberg News reports

(Reuters) -Crypto giant Tether is in talks to raise as much as $20 billion in a private placement that could value the El Salvador-based firm at about $500 billion, Bloomberg News reported on Tues...

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Oracle’s Larry Ellison is worth more than Bank of America after doubling his wealth this year to nearly $400 billion

Oracle’s Larry Ellison is worth more than Bank of America after doubling his wealth this year to nearly $400 billion

Larry Ellison has roughly doubled his wealth this year to nearly $400 billion. The Oracle cofounder’s net worth exceeds Bank of America’s $385 billion market value. Ellison’...

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Boeing’s defense and space unit partners with Palantir for AI adoption

Boeing’s defense and space unit partners with Palantir for AI adoption

(Reuters) -Boeing has partnered with Palantir Technologies to use the software firm’s AI solutions platform across the planemaker’s defense and space unit, the companies said on Tuesda...

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