By Nate Raymond BOSTON (Reuters) – The Mexican government on Monday urged a U.S. appeals court to revive a $10 billion lawsuit seeking to hold U.S. gun manufacturers responsible for facilitating[...]
Read more
July 24, 2023
Oil prices up 2% to near 3-month high on tight supply, China stimulus hopes
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 2% to a near three-month high on Monday on tightening supply, rising U.S. gasoline demand, hopes for Chinese stimulus measures and techni[...]
Read more
US auto sales expected to rise again in July – S&P Global Mobility
(Reuters) – New U.S. light vehicle sales volumes are set to rise again in July as easing supply-chain snags help automakers ramp up production to meet pent-up demand, automotive research firm S[...]
Read more
Dollar clings to gains with central banks in focus
By Laura Matthews New York (Reuters) – The dollar clung to gains against the euro on Monday after recent economic data showed a stronger U.S. economy and a slowing euro zone as traders look beyo[...]
Read more
Adidas sees smaller 2023 loss thanks to Yeezy sales
BERLIN (Reuters) -Unexpectedly strong sales of Yeezy shoes left over from Adidas’ abandoned collaboration with rapper Ye should reduce the sportswear giant’s expected operating loss this y[...]
Read more
US IRS ends policy of unannounced revenue officer visits to taxpayers
By Kanishka Singh WASHINGTON (Reuters) – The U.S. Internal Revenue Service (IRS) said on Monday it was ending its policy of unannounced visits to taxpayers by agency revenue officers, reversing[...]
Read more
Todd Boehly-backed insurer Accelerant mulls IPO, stake sale, CEO says
By Pablo Mayo Cerqueiro, Echo Wang and David French LONDON/NEW YORK (Reuters) – Accelerant is planning to raise fresh capital next year in a deal that could result in the specialty insurance pro[...]
Read more
American Airlines union postpones vote for contract agreement
(Reuters) – American Airlines’ pilot union has indefinitely postponed the ratification vote for a tentative contract agreement, it said in a memo on Sunday. The voting will now take place[...]
Read more
Nikola says damaged truck reignites at its headquarters
(Reuters) -An electric truck which was previously damaged reignited at Nikola’s Phoenix, Arizona headquarters on Sunday afternoon but there were no injuries, the company said, sending shares dow[...]
Read more