World

World

Rush to bitcoin? Not so fast, say keepers of corporate coffers

By Tom Wilson, Anna Irrera and Jessica DiNapoli LONDON/NEW YORK (Reuters) – When Elon Musk’s Tesla became the biggest name to reveal it had added bitcoin to its coffers last month, many pundits were swift to call a corporate rush towards the booming cryptocurrency. Yet there’s unlikely to be a concerted crypto charge any time soon, say many finance executives and accountants loath to […]

World

Nasdaq ends sharply lower after Powell comments

By Noel Randewich (Reuters) – Wall Street ended sharply lower on Thursday, leaving the Nasdaq down nearly 10% from its February record high, after remarks from Federal Reserve Chair Jerome Powell disappointed investors worried about rising longer-term U.S. bond […]