WASHINGTON (Reuters) – Ford Motor said on Wednesday it is recalling 142,000 Lincoln MKC SUVs in the United States and advising owners to park outdoors and away from structures while it investiga[...]
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May 31, 2023
A June skip jumps to the fore following latest Fed comments
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -Federal Reserve officials including the vice chair-designate pointed towards a rate hike “skip” in June, prompting a quick reversal[...]
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Shein plans to bolster compliance and logistics execs ahead of US marketplace
By Arriana McLymore NEW YORK (Reuters) – Fast-fashion retailer Shein is boosting senior leaders and executives to roll out its U.S. marketplace and to meet regulatory compliance as it deepens it[...]
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Dow cuts second-quarter revenue forecast on demand, pricing woes
(Reuters) – Chemical maker Dow Inc forecast second-quarter revenue below market expectations on Wednesday, citing slower macroeconomic activity and lower pricing levels. The company now expects[...]
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Ford CEO says EV cost parity may not come until after 2030
By Shivansh Tiwary and Paul Lienert (Reuters) – The cost to make electric vehicles may not drop to the level for gas-powered cars until after 2030 when the process becomes simpler and less labor[...]
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Exclusive-Mexico mulls benefits of Banamex purchase, eyes synergies with state bank
By Anthony Esposito MEXICO CITY (Reuters) – Mexico is evaluating whether buying Citigroup Inc’s Mexican consumer unit would help boost financial inclusion, potentially in combination with[...]
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Dollar backs off highs after Fed officials suggest skipping June rate hike
(Updates prices throughout story, adds analyst comment in paragraphs 7 and 8, recasts lede and paragraphs 2, 3 and 4 to reflect comments from Fed governor) By Hannah Lang WASHINGTON (Reuters) –[...]
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BlackRock’s CEO expects more rate hikes as inflation persists
By Davide Barbuscia and Tom Sims NEW YORK (Reuters) – BlackRock Inc Chief Executive Laurence Fink said on Wednesday that inflation remained sticky and the Federal Reserve may need to hike intere[...]
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Morgan Stanley expects trading, investment banking results to weaken
NEW YORK (Reuters) – Morgan Stanley expects to its revenue from trading and investment banking to slump in the second quarter given a more challenging economic environment, co-president Andy Sap[...]
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