Reuters Financial News

Binance, chief Changpeng Zhao on Wednesday informed that he has stepped down from his position. This comes right after Zhao pleaded guilty to violating US anti-money laundering laws, prosecutors said, as reported by Reuters. In a post on X, Zhao wrote, “Today, I stepped down as CEO of Binance.

Binance, the world's largest cryptocurrency exchange Changpeng Zhao, or CZ, as he is fondly known by crypto enthusiasts, has stepped down from his role after pleading guilty to breaking US anti-money laundering laws, as per a Reuters report. Also Read: What is Binance’s connection with terrorist groups like Hamas, Al Qaeda, ISIS, and Palestinian Islamic Jihad? Explained Zhao agreed to a $4.3 billion settlement deal in a Seattle court on November 21, including a personal payout of $50 million, to resolve the matter, the news agency said quoting prosecutors in the case. They added this is among the largest corporate penalties in the United States' history.

US Federal Reserve meeting minutes showed a cautious approach to future interest-rate moves. The Asian markets traded mostly lower, while the US stock market indices closed in the red overnight after the amid selling in retail and technology shares. On Tuesday, the domestic benchmark equity indices ended with decent gains, snapping a two-day losing streak.

OpenAI, the firm behind the success of ChatGPT, approached Dario Amodei, the chief executive officer of rival Anthropic, offering him to replace its ousted CEO Sam Altman, reports said on November 21. Apart from offering him the top role, the board of directors also sought to discuss a potential merger between the two artificial intelligence (AI)-focussed startups, Reuters reported, citing sources who are privy to the development. Amodei declined both the offers, the sources further told the news agency.

By Khushi Mandowara and Christy Santhosh

By Anna Tong, Krystal Hu and Jody Godoy

Investing.com — Oil prices retreated Tuesday, handing back some recent gains amid caution ahead of the weekend’s eagerly-awaited meeting of a group of top producers. 

Hamas said on Tuesday that the Palestinian militant group was near a truce agreement with Israel, even as the deadly assault on Gaza continued and rockets were being fired into Israel. Hamas officials were «close to reaching a truce agreement» with Israel and the group has delivered its response to Qatari mediators, Ismail Haniyeh said in a statement sent to Reuters by his aide. A source briefed on the negotiations told Reuters the agreement was in its «final stages» and «closer than it has ever been». The deal envisages the release of around 50 civilian hostages by Hamas and of female and minor-aged Palestinian detainees from Israeli custody, as well as a multi-day pause in fighting, according to the source. A Hamas official told Al Jazeera TV that negotiations were centred on how long the truce would last, arrangements for delivery of aid into Gaza and details of the exchange of captives. Both sides would free women and children and details would be announced by Qatar, which is mediating in the negotiations, said the official, Issat el Reshiq. Israel has generally avoided giving commentary on the status of the Qatar-led talks, but Israel's Channel 12 and Channel 13 TV stations both quoted unidentified officials as saying terms of a deal could be reached «within hours», giving no details. Hamas took about 240 hostages during its Oct.

By Alex Lawler

By Nell Mackenzie and Akanksha Khushi

By Florence Tan and Alex Lawler

Investing.com — The Dow closed higher Monday, ahead of the release of minutes from the Federal Reserve's September meeting and earnings from Nvidia that will likely set the tone for big tech in a holiday-shortened week.

By Steve Scherer

Investing.com — U.S. stock futures traded marginally lower Tuesday, with investors displaying a degree of caution ahead of the release of the minutes from the Federal Reserve's last meeting as well as earnings from AI chipmaker Nvidia (NASDAQ:NVDA).

Tesla Model S. Before leaving the dealer, he bought insurance from Tesla itself, finding the initial $93 monthly premium “really reasonable.” Sixteen days later, as he drove along the Capital Beltway to his Maryland home, he engaged Autopilot, Tesla’s automated driving system. The car started beeping and lurched left — striking a median and flipping.

India’s Jio Financial Services is in early talks with merchant bankers for its maiden bond issue, four bankers told Reuters on Monday.The company may look to raise 50 billion rupees ($600.6 million) to 100 billion rupees through the issue and may tap the market in the last quarter of this financial year, the bankers added.Jio Financial, which was carved out of Reliance Industries, is in the process of getting its credit rating and other necessary approvals, they said.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Discord, Snap and X (formerly Twitter) - to compel them to testify at a hearing on 6 December on the sexual exploitation of children online. The committee is chaired by Democratic Senator Dick Durbin and Republican Senator Lindsey Graham of South Carolina.

₹9,000 crore, as per a CNBC-TV18 report citing sources. The notice reportedly encompasses Byju Raveendran, the founder of Byju's, and Think and Learn Pvt Ltd. The ED's move comes after an inquiry into potential FEMA violations by the ed-tech unicorn, it added.

₹3,401 per share, hitting a new record of all-time high on BSE on Tuesday’s trading session. The market capitalization of Titan company also crossed ₹3 lakh crore mark on November 21. Titan shares have consistently contributed ₹1 lakh crore to its market capitalization every two years.

Elon Musk has stirred the pot amid the very public back-and-forth between ChatGPT-parent OpenAI's ex-CEO, employees, investors, and board. With the situation seemingly unstable after CEO Sam Altman was removed, investors being blindsided, pressure on the board to reinstate Altman, and ultimate fall-through of discussions, Musk has continuously responded to posts on his social media site X, participating in the peanut gallery surrounding the fiasco.