Dec 11 (Reuters) – The Federal Reserve on Thursday said 11 of its regional bank presidents had been reappointed to their positions with the unanimous agreement of the U.S. central bank’s Board of Governors, wrapping up an ordinarily routine process that had come under heightened scrutiny amid pressure from President Donald Trump and his administration….
Dec 12 (Reuters) – Shares of Rivian Automotive surged 18% on Friday as analysts issued bullish commentary on the electric pickup truck and SUV maker’s efforts to develop a custom chip for self-driving features and its integration of artificial intelligence. The stock had closed about 6% lower on Thursday after the company’s announcements at its…
14K Investors Got In Earlier. You Still Can. Today’s Breaking News ⏳ The $650 Million Bet on AI’s Future [sponsor] Exclusive-Tesla US sales drop to nearly 4-year low in November despite launch of cheaper versions SAN FRANCISCO, Dec 11 (Reuters) – Tesla’s U.S. sales dropped to a near four-year low in November, despite â the automaker’s rollout…
By Davide Barbuscia NEW YORK, Dec 10 (Reuters) – The Federal Reserve’s move to expand its balance sheet again by buying Treasury bills is expected to ease money-market strains, calming investor worries that years of bond-portfolio runoff had drained too much liquidity from the financial system. The Fed said on Wednesday it would start buying…
Dec 11 (Reuters) – Costco Wholesale beat Wall Street estimates for first-quarter revenue on Thursday, on the back of resilient demand from consumers across income groups amid rising economic uncertainty. Surging inflation and a weak job market have been pushing shoppers to trade down and hunt for bargains on everything from essentials such as groceries to…
BEIJING, Dec 11 (Reuters) – Chinese leaders promised on Thursday to maintain a “proactive” fiscal policy next year that would stimulate both consumption and investment to maintain high economic growth, which analysts expect Beijing to target at roughly 5%. Those pledges were published in a readout by state news agency Xinhua of the annual Central…
By Abhirup Roy SAN FRANCISCO, Dec 11 (Reuters) – Tesla’s U.S. sales dropped to a near four-year low in November, despite the automaker’s rollout of new, cheaper versions of its best-selling electric vehicles, estimates from Cox Automotive given exclusively to Reuters showed on Thursday. Making a success of the more affordable variants, called Standard, is…
By Jeff Mason WASHINGTON, Dec 10 – President Donald Trump’s administration officially launched his “Trump Gold Card” visa program on Wednesday to provide a pathway, with a steep price, for non-U.S. citizens to get expedited permission to live in the United States. The website Trumpcard.gov, complete with an “apply now” button, allows interested applicants to…
By Yuliia Dysa and Dan Peleschuk KYIV, Dec 9 (Reuters) – Ukraine and its European partners will soon present the U.S. with “refined documents” on a peace plan to end the war with Russia, President Volodymyr Zelenskiy said on Tuesday, following days of high-stakes diplomacy. Kyiv is under pressure from the White House to secure…
By Harshita Mary Varghese, Aditya Soni and Dawn Chmielewski Dec 8 (Reuters) – Paramount Skydance on Monday launched a hostile bid worth $108.4 billion for Warner Bros Discovery, in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant. Netflix had emerged victorious on Friday…
