(Reuters) – German top industrial union IG Metall will demand a 7% pay rise over a 12-month period from Volkswagen at wage negotiations in October, the union said in a statement on Friday. The t[...]
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June 21, 2024
Lucid Training Nearly 250 Robots to Build
EV maker Lucid Motors (NASDAQ:LCID) is gearing up to start pre-production of its electric Gravity SUV this summer with a new automated line that has nearly 250 robots. What Happened: The 247 robots at[...]
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JPMorgan asset and wealth head sees China’s economic outlook improving
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase is seeing signs of an improving economy in China that will bolster the bank’s business in the country after a sluggish period, its CEO of asset[...]
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Used car retailer CarMax posts 33% drop in first-quarter profit
(Reuters) -CarMax reported a 33% fall in first-quarter profit on Friday, as lower margins from vehicles sold continued to impact the used-vehicle industry. Pre-owned vehicle retailers have had a bumpy[...]
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Kremlin says US decision to ban Kaspersky software designed to stifle competition
MOSCOW (Reuters) – The Kremlin said on Friday that a U.S. decision to ban sales of Kaspersky’s software was a typical move by Washington to stifle foreign competition with American product[...]
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Debt ceiling standoff could trigger US rating downgrade, TD’s Goldberg says
By Mehnaz Yasmin (Reuters) – A potential debt ceiling standoff in the United States next year could be one of the worst since the 2011 crisis, which may trigger another sovereign credit rating d[...]
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Germany fines Citigroup over ‘fat-finger’ failures
By Tom Sims and Alexander Hübner FRANKFURT (Reuters) -Germany has fined Citigroup nearly 13 million euros ($13.94 million) for lapses in its trading system controls, the nation’s bank regulator[...]
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China sanctions Lockheed Martin over Taiwan arms sales
BEIJING (Reuters) – China has imposed sanctions against some Lockheed Martin Corp subsidiaries and senior executives over U.S. arms sales to Taiwan, China’s foreign ministry said in a stat[...]
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Morning Bid: Nvidia gets vertigo, dollar builds steam
A look at the day ahead in U.S. and global markets from Mike Dolan Nvidia, the Nasdaq and the S&P500 got dizzy at record highs on Thursday as world markets start to take stock of a bumper 2024 as[...]
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