By Stephen Culp NEW YORK (Reuters) – Wall Street stocks tumbled and crude prices surged on Wednesday as escalating Middle East turmoil prompted a broad sell-off and stoked oil supply concerns. A[...]
Read more
October 18, 2023
Ford says US fuel economy plan would cause automaker ‘economic hardship’
By David Shepardson WASHINGTON (Reuters) -Ford Motor Co said on Wednesday a proposal by President Joe Biden’s administration to hike vehicle fuel economy standards through 2032 threatens to caus[...]
Read more
U.S. Senate panel sends three FTC nominations to full Senate
WASHINGTON (Reuters) – The U.S. Senate Commerce Committee voted on Wednesday to send three nominations for the U.S. Federal Trade Commission to the full Senate. Lawmakers voted by a voice vote t[...]
Read more
Spirit Aero projects near-term revenue boost due to new price agreement with Boeing
By Valerie Insinna and Abhijith Ganapavaram (Reuters) – Spirit AeroSystems on Wednesday unveiled an agreement with Boeing under which the beleaguered supplier will receive immediate funding from[...]
Read more
Ford recalling 35,000 US Mach-E EVs over power loss reports
WASHINGTON (Reuters) – Ford Motor said on Wednesday it is recalling 35,000 Mustang Mach-E electric vehicles because high voltage battery main contactors may overheat resulting in a loss of drivi[...]
Read more
Oil up about 2% on big US crude storage draw, Middle East tension
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 2% to a two-week high on Wednesday on a bigger-than-expected U.S. storage draw and concerns about global supplies after Iran called for a[...]
Read more
US economy little changed in recent weeks -Fed survey
By Ann Saphir (Reuters) – U.S. economic activity was little changed over the last month and a half, as labor market tightness continued to ease and prices continued to increase at a modest pace,[...]
Read more
Major airline shares hit turbulence on disappointing profit outlook from United
By Shivansh Tiwary (Reuters) – Shares of major U.S. airlines fell on Wednesday, after a disappointing fourth-quarter forecast from United Airlines a day earlier spooked investors and raised conc[...]
Read more
Lordstown Motors ex-CEO approved to buy company assets for $10 million
By Dietrich Knauth NEW YORK (Reuters) – Electric vehicle company Lordstown Motors received U.S. bankruptcy court approval Wednesday to sell its manufacturing assets to a new company affiliated w[...]
Read more