By Lindsay Dunsmuir (Reuters) -U.S. inflation tracked sideways in April and consumer spending weakened, mixed signals for the Federal Reserve that provided little clarity on whether the U.S. central b[...]
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May 31, 2024
Gap surges as apparel maker’s turnaround strategy pays off
By Granth Vanaik (Reuters) -Shares of Gap soared about 28% on Friday after the apparel retailer lifted its full-year sales target, indicating that its effort to revitalize the business by bringing in[...]
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Carl Icahn has sizable stake in Caesars Entertainment, Bloomberg News reports
(Reuters) – Activist investor Carl Icahn has a sizable position in casino operator Caesars Entertainment, Bloomberg News reported on Friday citing sources familiar with the matter. Shares of the[...]
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Geneva’s annual motor show to end after more than a century
GENEVA (Reuters) -The annual motor show in Geneva, Switzerland, is coming to a close after more than a century due to dwindling interest and a tough market environment, organisers said on Friday. Firs[...]
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Schumer asks DOJ to investigate FTC claim oil exec colluded with OPEC
WASHINGTON (Reuters) -U.S. Senate Majority Leader Chuck Schumer and 22 other Democratic senators on Thursday asked the attorney general to investigate allegations of collusion and price fixing between[...]
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Global airline bosses to address geopolitical, climate challenges
By Lisa Barrington (Reuters) -Geopolitical tensions, aircraft shortages and ambitious environmental targets will deliver a host of challenges to global airline bosses at an annual summit next week, wi[...]
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US refiners boosting fuel output past 90% of capacity for summer driving season
By Erwin Seba and Nicole Jao HOUSTON (Reuters) – U.S. crude oil refiners aim to operate above 90% of their combined processing capacity for the remainder of the quarter after completing planned[...]
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Tesla to recall 125,227 vehicles over faulty seat belt warning system
(Reuters) -Tesla is recalling 125,227 vehicles in the United States due to a malfunction in its seat belt warning system that can increase the risk of injury in a collision, the National Highway Traff[...]
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US agency seeks more details on self-driving Zoox crashes
By David Shepardson WASHINGTON (Reuters) -The U.S. National Highway Traffic Safety Administration said on Friday it is seeking more information in its investigation into Amazon.com’s self-drivin[...]
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