(Reuters) – Fitch has placed the ratings of U.S. mortgage finance giants Fannie Mae and Freddie Mac on watch for a possible downgrade as U.S. lawmakers’ negotiations to raise the governmen[...]
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May 25, 2023
U.S. warns China could hack infrastructure, including pipelines, rail systems
By Raphael Satter, Zeba Siddiqui and James Pearson (Reuters) -The U.S. State Department warned on Thursday that China was capable of launching cyber attacks against critical infrastructure, including[...]
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US oil and gas auction yields nearly $80 million for federal coffers
(Reuters) -The U.S. on Thursday held its first sale of oil and gas drilling rights on federal lands since passage of President Joe Biden’s landmark climate change law, attracting more than $78 m[...]
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Ford CEO says China main EV rival, not GM, Toyota
By David Shepardson (Reuters) – Ford Motor Co CEO Jim Farley said on Thursday Chinese electric vehicle makers are its main rivals in the sector, but the company has hurdles competing on cost at[...]
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Gap Inc posts surprise profit, shares jump 16% after hours
By Katherine Masters and Ananya Mariam Rajesh (Reuters) – Gap Inc on Thursday reported a surprise profit in the first quarter, and its shares jumped 16% in extended trading as the apparel retail[...]
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Air Canada ground stop lifted after technical issue
MONTREAL (Reuters) -Air Canada said on Thursday that a precautionary ground stop on its flights has been lifted after the country’s largest carrier faced a technical issue. Air Canada said in a[...]
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Ford strikes deal with Tesla to gain access to rival charging stations starting 2024
By Hyunjoo Jin, David Shepardson and Abhirup Roy (Reuters) -Ford Motor Co said on Thursday it has agreed with Tesla Inc to allow its electric vehicle owners to gain access to more than 12,000 Tesla Su[...]
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Wall Street ends higher as Nvidia sparks rush for AI stocks
By Noel Randewich and Shreyashi Sanyal (Reuters) – Wall Street ended sharply higher on Thursday after a blowout forecast from Nvidia sent the chipmaker’s stock soaring and fueled a rally i[...]
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VW, Audi agree to $85 million diesel settlement in principle with Texas
By David Shepardson (Reuters) -Volkswagen and its Audi unit have agreed to an $85 million settlement in principle over violations of Texas environmental laws stemming from its diesel cheating scandal,[...]
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