By Georgina McCartney HOUSTON (Reuters) – Oil prices settled lower on Tuesday, after U.S. data stoked concerns that interest rates may stay high, but potential risks to supply from Mideast tensi[...]
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May 14, 2024
Analysis-A US-China EV trade war threatens Biden’s clean-car agenda
By Joseph White, Chris Kirkham and Nora Eckert DETROIT (Reuters) – The Biden administration’s plan to slap heavy new tariffs on Chinese electric vehicles and batteries would provide tempor[...]
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US makers of masks and gloves get lifeline: higher tariffs on Chinese-made products
By Timothy Aeppel (Reuters) – President Joe Biden’s move to hike tariffs on Chinese goods should help U.S.-based medical mask and glove makers, a sector that has largely flamed out after surging[...]
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P&G plans to downplay its corporate name in ads during Paris Olympics
By Jessica DiNapoli NEW YORK (Reuters) – What is missing from the Paris 2024 Olympics? A tear-jerking corporate advertising campaign from Procter & Gamble saluting the mothers of athletes. T[...]
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Earnings bolster US stocks but crucial inflation report looms
(This May 10 story has been corrected to fix the CPI expectation number to say 0.4%, not 0.3%, in paragraph 7) By Lewis Krauskopf NEW YORK (Reuters) – A strong earnings season and blockbuster re[...]
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World stock index set for record high, dollar dips after PPI, Powell
By Caroline Valetkevitch NEW YORK (Reuters) -MSCI’s gauge of stocks across the globe was set for a record high close on Tuesday, while the U.S. dollar edged lower as investors digested U.S. prod[...]
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Paramount shares fall after CNBC reports Sony rethinking its bid
(Reuters) -Shares of Paramount Global fell more than 7% on Tuesday after CNBC reported, citing sources, that Sony Pictures is rethinking its bid for the U.S. media company. “People close to the[...]
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GameStop shares soar again as ‘Roaring Kitty’ brings back meme stock mania
By Medha Singh (Reuters) -Retail investor darlings GameStop and AMC soared on Tuesday, as posts from “Roaring Kitty” Keith Gill raised chatter about the return of the central figure behind[...]
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BYD to nail down Mexico plant site by year-end, Americas head says
MEXICO CITY (Reuters) – Chinese electric auto maker BYD expects to have chosen a site to build a plant in Mexico, where it will put out up to 150,000 cars a year, by the end of 2024, the firm[...]
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