By Dan Burns (Reuters) – Deposits at U.S. commercial banks rose near the end of March for the first time in about a month, showing signs of stabilizing after the two largest bank failures since[...]
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April 7, 2023
U.S. opens safety probe into Tesla that struck student in North Carolina
By David Shepardson WASHINGTON (Reuters) – U.S. safety authorities said on Friday they are investigating whether an advanced driver assistance system was in use when a Tesla struck a 17-year-old[...]
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Top U.S. shipping gateway mostly closes due to port worker shortage – employer group
By Laila Kearney (Reuters) -A shortage of West Coast port workers has forced the busiest U.S. ocean trade gateway to largely shut on Friday, after months of strained labor negotiations between the uni[...]
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Qualcomm, Nvidia spar for top spot in AI chip efficiency tests
By Stephen Nellis (Reuters) – (This April 5 story has been corrected to clarify that Neuchips did not beat Qualcomm and Nvidia in one category of testing as it didn’t compete in the catego[...]
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WeWork adopts shareholder rights plan to protect ability to reduce future tax bills
(Reuters) – WeWork Inc. on Friday said it has adopted a “poison pill” to limit its shareholders from increasing stakes, which would make it difficult for the company to use its net o[...]
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Tesla recalls 422 U.S. vehicles over suspension part
By David Shepardson WASHINGTON (Reuters) -Tesla is recalling just over 400 Model 3 vehicles in the United States because front suspension lateral link fasteners may loosen. Tesla will tighten or repla[...]
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GM’s Cruise recalls 300 self-driving vehicles to update software after bus crash
By David Shepardson WASHINGTON (Reuters) -General Motors’ robotaxi unit Cruise LLC is recalling the automated driving software in 300 vehicles after one of its driverless vehicles crashed into t[...]
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McDonald’s cuts pay packages for some employees – WSJ
(Reuters) -McDonald’s Corp is cutting pay packages for some employees as part of a restructuring that includes layoffs and the shutting down of some offices, the Wall Street Journal reported on[...]
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U.S. yields and dollar climb after jobs report
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. Treasury yields and the dollar climbed in an abbreviated session on Friday after employment data for March indicated the labor market remained tigh[...]
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