By Clare Jim and Ziyi Tang HONG KONG/BEIJING (Reuters) -China’s efforts to clear massive inventory by turning unsold homes into affordable housing are unlikely to help cash-strapped developers d[...]
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June 10, 2024
Tesla must face California’s false-marketing claims concerning Autopilot
By Jonathan Stempel (Reuters) -A California administrative judge rejected Tesla’s bid to dismiss claims by a top state regulator accusing the automaker led by billionaire Elon Musk of overstatin[...]
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Mnuchin’s Liberty Strategic Capital reports 7.7% stake in NYCB
(Reuters) – Liberty Strategic Capital on Monday disclosed it held a 7.7% stake in regional lender New York Community Bancorp as of June 7. Former U.S. Treasury Secretary Steven Mnuchin’s p[...]
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Chipmaker Intel to halt $25-billion Israel plant, news website says
JERUSALEM (Reuters) – Intel Corp is halting plans for a $25-billion factory in Israel, Israeli financial news website Calcalist said on Monday, in a report that the chipmaker did not confirm or[...]
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Morning Bid: Playing the waiting game, Japan stirs
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets look set to remain on the defensive on Tuesday, kept in check by rising bond yields, political shockwaves in[...]
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California seeks company profits in Big Oil climate lawsuit
(Reuters) -California’s attorney general on Monday sought to force the world’s biggest oil companies to give up profits the state alleges they made while deceiving consumers about their ro[...]
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Factbox-Here’s everything Apple announced at WWDC
By Yuvraj Malik (Reuters) – Apple on Monday unveiled a range of AI-enabled features and software enhancements for its devices, including the iPhone, in a bid to bolster sagging sales. The announ[...]
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Global stock index rises slightly while euro falls, yields up
By Sinéad Carew and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -MSCI’S global equities index edged higher on Monday while investors waited for key U.S. inflation data and central bank policy mee[...]
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Tesla turns to Musk’s small shareholder fans to back $56 billion payday
By Ross Kerber (Reuters) – With major Tesla shareholders appearing divided over whether to endorse Elon Musk’s $56 billion pay package, the company also is looking for support from retail[...]
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