Tuesday, 8 February 2022

Reuters Business: Canada's TMX Group plans cryptocurrency futures product for institutional investors

Canada's TMX Group plans cryptocurrency futures product for institutional investors

Canada's largest stock market operator, TMX Group , plans to launch its first cryptocurrency futures product in response to institutional investors' desire to offset the risks of trading in the relatively new asset class, the company's chief executive told Reuters on Tuesday.

After months of complaint by Elon Musk, Biden acknowledges Tesla

U.S. President Joe Biden publicly acknowledged the role of Tesla in U.S. electric vehicle manufacturing on Tuesday, after Chief Executive Elon Musk repeatedly complained about being ignored.

Lyft posts first full-year adjusted profit but sluggish return of riders disappoints Wall Street

Lyft Inc closed 2021 with its first full-year adjusted profit as customers eager to step out and travel paid a record amount for trips during the fourth quarter and more drivers returned to work, the ride-hailing company said on Tuesday.

Commonwealth Bank of Australia posts profit jump, warns of margin pressure

Commonwealth Bank of Australia reported a 23% jump in half-year cash profit on Wednesday on the back of higher lending, but the bank signalled that intense competition was eating into its margins.

All options on the table for oil prices, White House says

White House spokeswoman Jen Psaki said on Tuesday that all options are on the table to respond to high oil prices, including talking to allies, when asked if there could be future cooperative oil releases.

Microsoft eyeing deal to buy cybersecurity firm Mandiant -Bloomberg

Microsoft Corp is considering a deal to buy cybersecurity firm Mandiant Inc , Bloomberg News reported on Tuesday, citing a person familiar with the matter.

Tech executive McCarthy moves to Peloton, investors cheer his arrival

Technology industry executive Barry McCarthy is an avid user of a Peloton bike and now the stakes for his workouts are rising as he becomes chief executive with a goal to restore the fitness company's lost luster.

Mediator in Purdue Pharma bankruptcy seeks more time for opioid settlement

A mediator reported on Tuesday that members of the Sackler family that own Purdue Pharma and U.S. states opposed to the OxyContin-maker's bankruptcy exit plan are "even closer" to a settlement on claims that the company fueled a U.S. opioid epidemic.

Wall Street rallies on tech boost, European shares end flat

Big Tech gave major U.S. stock indexes a boost on Tuesday and European shares ended largely unchanged as a sharp fall in oil prices took the shine off bumper profits from oil company BP .

Wall Street ends higher; bank stocks rise with Treasury yields

Wall Street ended sharply higher on Tuesday, lifted by Apple and Microsoft, while a jump in Treasury yields elevated bank stocks ahead of a key inflation reading this week.

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