By Oliver Hirt, Noele Illien and Michael Shields ZURICH (Reuters) – Francesco De Ferrari, the head of Credit Suisse’s wealth management business, is focused on growth markets, high net wor[...]
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November 17, 2022
Hess CEO says OPEC ‘back in the driver’s seat’ as U.S. shale growth slows
By Liz Hampton and Sabrina Valle (Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) is “back in the driver’s seat” as the top swing producer amid slowing[...]
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Vietnamese EV maker VinFast to supply 2,500 units to U.S. car subscription service Autonomy
HANOI (Reuters) – Vietnam’s electric vehicle maker VinFast said on Thursday it has struck a deal with U.S. car subscription service Autonomy to supply more than 2,500 units, its largest co[...]
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Startup ID.me’s claim on scope of unemployment fraud was baseless, U.S. Congress says
By Paresh Dave OAKLAND, Calif. (Reuters) – Government contractor ID.me, which checks the identity of benefits applicants, had no basis for its claim that almost half of unemployment aid during t[...]
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Musk says he made some Tesla decisions without board nod, defends $56 billion pay
By Tom Hals and Hyunjoo Jin WILMINGTON, Del (Reuters) -Elon Musk said in court on Wednesday that he made some Tesla Inc decisions without the approval of the company’s directors, as he defended[...]
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Fed’s Jefferson says low inflation key to U.S. prosperity
(Reuters) – High inflation hurts low-income households hardest, and bringing it down is the best way for the Federal Reserve to help bring prosperity to Americans broadly and narrow the economic[...]
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Fed’s Bullard: Even ‘dovish’ policy assumptions require more rate hikes
By Howard Schneider WASHINGTON (Reuters) -Even under a “generous” analysis of monetary policy, the Federal Reserve needs to keep raising interest rates given that its tightening so far[...]
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Volkswagen’s $2 billion Trinity electric vehicle plant in doubt
By Jan Schwartz HAMBURG (Reuters) -Volkswagen Chief Executive Oliver Blume is reviewing whether to stick to a plan to build a new plant to assemble its Trinity electric vehicles (EV) or to use its exi[...]
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Roku becomes latest firm to reduce staff with 200 job cuts
(Reuters) – Roku Inc said on Thursday it would cut 200 jobs in the United States, becoming the latest tech company to lay off workers amid an economic slowdown and decades-high inflation. Tech c[...]
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