By Manya Saini (Reuters) -Trading platform Robinhood Markets said on Thursday it has agreed to buy crypto exchange Bitstamp for about $200 million in cash, speeding up a broader push into digital asse[...]
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June 6, 2024
Plug-in polluters? How Biden’s emissions rules go soft on hybrid trucks, SUVs
By Chris Kirkham (Reuters) – When the Biden administration announced new U.S. auto-emissions regulations in March, it made concessions to industry allowing for a much slower electric-vehicle tra[...]
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US trade deficit widens in April
(Reuters) – The U.S. trade deficit widened in April as a jump in imports outpaced a slight increase in exports. The trade deficit increased 8.7% to $74.6 billion, the Commerce Department’s[...]
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Starbucks partners with food delivery platform Grubhub
(Reuters) – Starbucks will partner with Grubhub to deliver coffees and other customized beverages in select U.S. markets starting this month, in its latest attempt to widen its reach as inflatio[...]
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US productivity growth slowed in early 2024
(Reuters) – U.S. worker productivity grew slightly less than previously estimated in the first quarter but exceeded market expectations, and unit labor costs rose by less than first thought, dat[...]
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Jif peanut butter maker JM Smucker beats quarterly profit estimates on price hikes
(Reuters) – Jif peanut butter maker JM Smucker topped Wall Street estimates for fourth-quarter profit on Thursday, helped by higher prices of condiments and frozen food as well as lower input co[...]
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EM portfolios see foreign inflows for seventh straight month in May -IIF
NEW YORK (Reuters) – Emerging markets attracted foreign portfolio inflows for a seventh straight month in May thanks to investors pouring money into bonds, but persistently high U.S. interest ra[...]
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China’s Nio expects second-quarter EV sales to more than double
SHANGHAI (Reuters) -Chinese electric vehicle maker Nio said on Thursday it expected deliveries in the second quarter to more than double from a year earlier to between 54,000 and 56,000. Revenue would[...]
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Delta seeks new Seattle flight as airlines jockey over DC slots
By David Shepardson WASHINGTON (Reuters) – Delta Air Lines plans to announce on Thursday it will apply for a new flight between Seattle and Washington Reagan National Airport as airlines battle[...]
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