By Lisa Baertlein (Reuters) – Former customers of bankrupt trucking firm Yellow can expect to see rates rise at least 10%-20% from the rock-bottom levels that helped usher in the demise of that[...]
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August 11, 2023
Dollar gains, crosses key 145 yen level
By Herbert Lash NEW YORK (Reuters) -The dollar rose on Friday after a slightly bigger increase in U.S. producer prices in July lifted Treasury yields higher even as speculation grows that the Federal[...]
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Oil up on record demand forecast, 7th straight weekly gain
By Shariq Khan BENGALURU (Reuters) -Oil prices edged higher on Friday after the International Energy Agency forecast record global demand and tightening supplies, propelling prices to the seventh stra[...]
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Italy stands ready to host as Musk talks up Zuckerberg rumble
ROME (Reuters) -Tesla boss Elon Musk said on Friday his planned cage fight with billionaire rival Mark Zuckerberg would be held at an “epic location” with an ancient Roman theme, as Italy[...]
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Changan Ford Motor to set up electric car JV with Chongqing Changan Auto
BEIJING (Reuters) -Changan Ford Motor plans to set up a new-energy passenger car joint venture with state-owned Chongqing Changan Automobile, a document published by China’s market regulator on[...]
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Retail investors flock to penny stocks WeWork, Amyris, Proterra
By Medha Singh (Reuters) – WeWork, a prized startup just four years ago but now a micro-cap, and other penny stocks such as Amyris and Proterra are the latest focus of speculative bets from reta[...]
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Factbox-SoftBank-owned Arm courts Big Tech interest in its IPO
(Reuters) – SoftBank Group-owned chip designer Arm is getting investment interest from several major tech firms for what is expected to be one of this year’s biggest initial public offerin[...]
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US SEC delays decision on Cathie Wood’s spot bitcoin ETF
(Reuters) – The U.S. Securities and Exchange Commission (SEC) has delayed a decision on whether to approve Cathie Wood-led Ark Investment Management’s (ARK) spot bitcoin exchange-traded fu[...]
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Fed doves, Fed hawks: a look at how U.S. central bankers fly
(Reuters) – The labels “dove” and “hawk” have long been used by central bank watchers to describe the monetary policy leanings of policymakers, with a dove more focused on risks to the labor mar[...]
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