By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar advanced on Wednesday, recovering from two-month lows hit the previous session, as investors lightened their short positions to book p[...]
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April 5, 2023
U.S. agency says Uber should face claims that driver ratings are biased
By Daniel Wiessner (Reuters) – The U.S. agency that enforces workplace discrimination laws has urged a federal appeals court to revive a lawsuit alleging that Uber Technologies Inc’s syste[...]
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FedEx to combine delivery units as part of $4 billion cost-cut push
By Lisa Baertlein and Kannaki Deka LOS ANGELES (Reuters) -FedEx Corp said on Wednesday it will consolidate its separate delivery companies into a single entity, in a move to slash costs and better com[...]
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TD world’s most shorted banking stock, shares down -ORTEX data
By Maiya Keidan TORONTO (Reuters) – Hedge fund bets against Canada’s TD Bank Group on Wednesday hit $4.2 billion, making it the most-shorted banking stock globally, according to data provi[...]
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Ford, Stellantis says new rules will cut EV tax credits for most models
By David Shepardson and Nathan Gomes NEW YORK (Reuters) -Ford Motor Co and Chrysler-parent Stellantis said on Wednesday that most of its electric and plug-in electric hybrid models will see tax credit[...]
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Analysis-IMF’s lower bar for Argentina already looks too high
By Jorgelina do Rosario and Rodrigo Campos LONDON/NEW YORK (Reuters) – The International Monetary Fund (IMF) has given Argentina something of break by easing economic targets in its $44 billion[...]
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Stellantis unveils Ram EV pickup, to debut late in 2024, at New York auto show
By David Shepardson NEW YORK (Reuters) -Chrysler parent Stellantis NV on Wednesday unveiled its new electric Ram pickup truck, which is poised to debut on the market late in 2024 as a key part of the[...]
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Conagra lifts profit forecast as price hikes offset demand pressures
By Deborah Mary Sophia and AnneFlorentyna GnanarajaSekar (Reuters) – Conagra Brands Inc raised its full-year profit forecast on Wednesday, as the Slim Jim beef jerky maker bets on price increase[...]
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Walmart sees sustained pressure from inflation; to slow hiring pace
By Siddharth Cavale (Reuters) -Walmart Inc on Wednesday said inflation would continue to pressure its business this year, and that it would slow hiring as it builds out automation technology. “W[...]
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