By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s top financial diplomat on Friday suggested the central bank may tweak its approach to monetary stimulus at its next policy meeting, due to[...]
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AutoNation’s quarterly revenue beats estimates on demand for new vehicles, services
By Nathan Gomes and Joseph White (Reuters) -U.S. auto retailer AutoNation on Friday posted better-than-expected second-quarter revenue, as demand for new vehicles and aftermarket services offset the i[...]
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Analysis-Tesla taps Biden tax credits to offset EV price cuts
By Hyunjoo Jin SEOUL (Reuters) – Tesla CEO Elon Musk is ready to cut electric car prices again to drive sales if the economy swoons, and part of the reason is a bonanza from Biden administration[...]
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Investors’ dash to cash may have peaked – BofA
LONDON (Reuters) – Investors’ rush to the safety of cash, a dominant theme in capital flow data this year, may be peaking, Bank of America global research said on Friday. There was a net $[...]
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Morgan Stanley lifts 2023 US growth forecast on expectation of infrastructure investment
(Reuters) – Morgan Stanley raised U.S. economic growth forecast for the year on a strong industrial sector and more public investment in infrastructure, and expects a “comfortable” s[...]
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UAW seeks Washington backing to pressure Detroit Three automakers in labor talks
By David Shepardson WASHINGTON (Reuters) – United Auto Workers President Shawn Fain has made winning the support of Washington a key part of the union’s strategy to nail down new labor dea[...]
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Japanese unions urge employers to continue wage hikes next year and beyond
TOKYO (Reuters) – Japan’s largest trade union confederation ‘Rengo’ urged companies on Friday to raise wages further to outpace inflation and help workers deal with rising livi[...]
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Marketmind: Dollar flexes into Fed week, calm returns
A look at the day ahead in U.S. and global markets from Mike Dolan As markets blew the froth off this year’s extraordinary rally in Big Tech stocks on Thursday, the dollar clocked its best day[...]
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European Union agrees post-Brexit rules for hedge funds
By Nell Mackenzie LONDON (Reuters) – The European Union said on Thursday it has reached a deal on revising its rules for managers of hedge funds and other alternative investments, easing industr[...]
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