As soon as Venezuelan authorities resume political talks with the opposition, the US may soon permit Chevron Corp to increase operations there and resume oil trade. That was said to have occurred on Wednesday by four reliable sources. One of the primary drivers for the beginning of negotiations...

CEO of Stellantis, the parent company of Fiat, told reporters that the business has come to the conclusion that it cannot now create affordable electric cars in Europe and is considering lower-cost production in countries like India. Carlos Tavares, chief executive of the company that owns brands...

A day after its iPhone factory in China was rocked by angry protests, Apple supplier Foxconn apologized for a "technical error" in its payment systems. Hundreds of workers were seen marching at the world's largest iPhone factory in Zhengzhou, with complaints about Covid restrictions and claims of...

Top computer manufacturer HP Inc. has announced its plans of laying off 4,000 to 6,000 workers within the next three years. Following the announcement, stocks of the company hiked by as much as 1% in extended trading.   Considering the economic challenges being faced...

Bitcoin fell to a two-year low on Tuesday, as the cryptocurrency market suffered as a result of the collapse of major exchange FTX.   According to CoinDesk data, Bitcoin fell to $15,480, its lowest level since November 11, 2020. At 8:12 a.m. ET, the digital coin had recovered from its low...

According to a new filing over the weekend, the embattled cryptocurrency exchange FTX owes its creditors more than $3 billion.   The largest of FTX's top 50 unsecured creditors is owed more than $226 million, according to a list that excludes their names and other identifiable information....

In its bankruptcy filing, the cryptocurrency exchange FTX revealed that it owes over $3 billion to its 50 largest creditors, including around $1.5 billion to its 10 largest creditors. According to FTX lawyers, over a million consumers may have claims against the exchange. The collapsed...

Late on Friday, Elon Musk posted a poll on Twitter asking his followers whether they thought the former U.S. president Donald Trump's account should be reinstated. According to early results, roughly 60% of respondents agreed.   Musk tweeted the Latin phrase "Vox Populi, Vox Dei," which...

Burberry, a British manufacturer of apparel, accessories, and footwear, disclosed sales for the first six months of its fiscal year 2022, finished on October 1. The company's in-store sales climbed by 11% and totaled £ 1.35 billion, above projections of both the company and analysts. According to...