(Reuters) – Ford Motor Co expects to launch a $30,000 EV that could be profitable in about two and a half years but did not provide any further details on the vehicle, CNBC reported on Friday. I[...]
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June 28, 2024
Oil eases on weak US fuel demand, profit taking
By Nicole Jao NEW YORK (Reuters) -Oil prices fell on Friday as investors weighed weak U.S. fuel demand and took some money off the table at quarter-end, while key inflation data for May boosted the ch[...]
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Nike stock plunges as gloomy sales forecast fans growth concerns
By Ananya Mariam Rajesh and Juveria Tabassum (Reuters) -Nike’s stock slumped 20% on Friday as a forecast for a surprise drop in annual sales amplified investor concerns about the pace of the spo[...]
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Women’s wing of Modi’s party calls for probe into Foxconn India hiring practices
By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) -The women’s wing of Indian Prime Minister Narendra Modi’s ruling party on Friday urged the National Commission for Women to launch[...]
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US dollar slightly weaker on diminishing inflation
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar slipped on Friday after data showed inflation in the world’s largest economy subsided last month, cementing expectations the Feder[...]
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Rite Aid bankruptcy plan approved, cutting $2 billion in debt
By Dietrich Knauth NEW YORK (Reuters) -A U.S. bankruptcy judge on Friday approved Rite Aid’s restructuring plan, allowing the pharmacy chain to cut its debt by $2 billion and turn over control t[...]
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Climate activists arrested after protest at Citi’s New York headquarters
By Makailah Gause and Chibuike Oguh (Reuters) -Dozens of climate activists were arrested after protesting at Citigroup’s headquarters in New York on Friday as part of what they called a “S[...]
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Microsoft hit with EU antitrust charge over Teams app, risks hefty fine
(This June 25 story has been corrected to say ‘eleven years,’ not ‘two decades,’ in paragraph 2, and ‘in the previous decade,’ not ‘two decades ago,’ in[...]
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Stocks dip as investors digest inflation data; bond yields up
By Caroline Valetkevitch NEW YORK (Reuters) – Global stock indexes edged lower on Friday, reversing early gains as investors absorbed data that showed U.S. inflation was flat in May but in line[...]
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