By David Morgan and Nandita Bose WASHINGTON (Reuters) -President Joe Biden and House Speaker Kevin McCarthy could not reach an agreement Monday on how to raise the U.S. government’s $31.4 trilli[...]
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Economy
Stellantis recalls 219,000 Jeep SUVs over fire risks
By David Shepardson WASHINGTON (Reuters) -Chrysler-parent Stellantis said on Tuesday it is recalling 219,000 Jeep Cherokee SUVs worldwide for fire risks and warned owners to park outside until repairs[...]
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Traders bet on end to Fed rate hikes after April inflation data
(Reuters) -An April inflation reading on Wednesday that was more benign than expected disrupted the modest momentum that had been building for an 11th straight U.S. interest rate hike in June. Futures[...]
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Daimler Truck holds 2023 outlook on supply chain disruptions
BERLIN (Reuters) -Daimler Truck reported on Tuesday a rise in first-quarter return on sales but maintained its 2023 outlook due to instability in the supply chain for semiconductors which it said was[...]
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Ferrari sees strong second quarter as Purosangue deliveries start
MILAN (Reuters) -Ferrari on Thursday produced a bigger than expected 27% rise in first-quarter core profit and forecast a strong second quarter, when deliveries start for its new Purosangue model, for[...]
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Factbox-Why are Hollywood writers threatening to strike?
LOS ANGELES (Reuters) – Hollywood writers and the film and television studios are racing to agree to a new contract to replace the one that expires at 11:59 p.m. Pacific time Monday. If they fai[...]
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The road to First Republic Bank’s collapse
(Reuters) – JPMorgan Chase & Co is buying most of First Republic Bank’s assets, which had been seized by United States regulators, in a last-ditch rescue for the strained lender, marki[...]
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Intel climbs as Wall St cheers early signs of recovery
By Aditya Soni and Eva Mathews (Reuters) -Intel Corp shares rose 8% as the once-dominant chipmaker showed signs of a turnaround after ceding market share to rivals and struggling with all-time low mar[...]
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Smaller EV prices to come down as EV sales climb, IEA says
By Victoria Waldersee BERLIN (Reuters) – Nearly one in five cars sold globally this year will be electric, with the prices of smaller EV models dropping to rival those of combustion engine cars[...]
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