By Victoria Waldersee BERLIN (Reuters) -Volkswagen-owned Audi may build a factory in the United States in light of the Inflation Reduction Act, it said on Friday, the latest company to consider invest[...]
Read more
US
With inflation still the focus, Fed minutes show openness to higher rates endgame
By Howard Schneider and Michael S. Derby WASHINGTON (Reuters) -Nearly all Federal Reserve policymakers rallied behind a decision to further slow the pace of interest rate hikes at the U.S. central ban[...]
Read more
WeWork issues glum revenue forecast as tech layoffs hurt
By Kannaki Deka (Reuters) – WeWork Inc on Thursday forecast lower-than-expected revenue for the current quarter, signaling that its business of providing flexible workspace was feeling the heat[...]
Read more
Tesla to Halt Some China Production for Upgrades – Bloomberg News
(Reuters) – Tesla Inc will suspend some production until the end of February as the electric-vehicle maker upgrades the facility to make a refreshed version of the Model 3 compact sedan, Bloombe[...]
Read more
Judge tightens Sam Bankman-Fried’s bail, sets hearing
By Abinaya V, Shubham Kalia and Jonathan Stempel NEW YORK (Reuters) -A federal judge on Tuesday ordered Sam Bankman-Fried not to use a virtual private network to access the internet, after prosecutors[...]
Read more
Stocks rise, dollar slips on Powell comments seen as dovish
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – Global equities rose and the dollar fell on Tuesday, reversing earlier moves, as the market perceived comments by the Federal Reserve c[...]
Read more
S&P cuts two Adani firms’ rating to negative from stable
By Tanvi Mehta (Reuters) -Credit ratings agency S&P on Friday cut its rating outlook on Adani Ports and Special Economic Zone and Adani Electricity to negative from stable, while peer Moody’[...]
Read more
Musk did not need Tesla board to review buyout tweets, directors testify
By Hyunjoo Jin and Jody Godoy (Reuters) -Tesla Inc’s board had no obligation to review CEO Elon Musk’s 2018 tweets announcing a bid to take the electric car maker private, which investors[...]
Read more
FTX founder Bankman-Fried objects to tighter bail, says prosecutors ‘sandbagged’ him
By Jonathan Stempel NEW YORK (Reuters) – Lawyers for Sam Bankman-Fried on Saturday urged a U.S. judge not to ban the indicted FTX cryptocurrency executive from communicating with former colleagu[...]
Read more