Business News

NEW YORK (Reuters) -Investment platform YieldStreet Inc and a subsidiary have agreed to pay more than $1.9 million to settle U.S. Securities and Exchange Commission charges that they failed to …

DETROIT (Reuters) – Ford plans to double production of hybrid F-150 pickup trucks in 2024, accelerating the automaker’s pivot toward gas-electric powertrains as a hedge against reluctance among U.S. truck …

By Lewis Krauskopf NEW YORK (Reuters) – The U.S. S&P 500 is set to rise into the end of the year as investors price in a more upbeat economic outlook, …

By David Shepardson WASHINGTON (Reuters) -The White House on Tuesday said it strongly opposes a Republican bill set to be voted on this week by the U.S. House of Representatives …

By Sam Nussey, Fanny Potkin and Sarah Wu TOKYO/SINGAPORE/TAIPEI (Reuters) – Taiwan’s TSMC, which is making an unprecedented push into chip manufacturing overseas, is taking an increasingly optimistic view of …

By Noel Randewich and Ankika Biswas (Reuters) – Wall Street stocks ended lower on Tuesday as Oracle shares tumbled more than 13% after a weak forecast and surging oil prices …

By Tatiana Bautzer NEW YORK (Reuters) -Wall Street investment bankers are optimistic that dealmaking will pick up as new initial public offerings (IPOs) hint at a broader recovery. Goldman Sachs …

By Pete Schroeder WASHINGTON (Reuters) – U.S. bank groups on Tuesday accused the Federal Reserve and other regulators of violating federal laws with a sweeping proposal to raise capital requirements, …

(Reuters) -German premium footwear brand Birkenstock on Tuesday filed for an initial public offering in the United States, underscoring a pickup in the country’s equity markets and becoming the second …

By Divya Rajagopal and Urvi Manoj Dugar (Reuters) -The Canadian government will take 20 years to recoup the combined C$28.2 billion ($21 billion) subsidies it is offering Volkswagen and Stellantis-LG …

By Stephen Nellis CUPERTINO, California (Reuters) -Apple on Tuesday said that three of its Apple Watch models will come in what it calls carbon-neutral versions sporting a new green logo …

(Reuters) – The U.S. government is looking to offload nearly $13 billion of mortgage bonds it amassed from Silicon Valley Bank and Signature Bank following the collapse of the lenders, …

By Marianna Parraga and Tom Hals HOUSTON/WILMINGTON (Reuters) -Venezuela-owned oil refiner Citgo Petroleum has been valued by its parent company at between $32 billion and $40 billion, according to a …

NEW YORK (Reuters) – After big gains for the U.S. stock market this year, equity valuations could come under pressure from high interest rates, based on historical relationships, JPMorgan strategists …

By Marianna Parraga and Elida Moreno PANAMA CITY (Reuters) -The Panama Canal could further reduce the maximum number of authorized daily vessel transits if this year’s drought continues, the waterway’s …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Sagging stocks and new 2023 year highs for oil will …

By Diane Bartz WASHINGTON (Reuters) – Google argued on Tuesday the U.S. was wrong to say the search and advertising giant broke the law to hold onto its massive market …

By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) -Goldman Sachs CEO David Solomon said the U.S. economy is likely to avoid a significant recession, but warned that inflation will …

By Echo Wang NEW YORK (Reuters) -Arm, the chip designer owned by SoftBank Group Corp, received enough backing from investors to secure at least the top end of the price …

(Reuters) – DoubleLine Capital CEO Jeff Gundlach expects the U.S. Federal Reserve to cut benchmark rates in the first half of 2024 after an aggressive rate hike cycle over the …

By Luc Cohen NEW YORK (Reuters) -Sam Bankman-Fried on Tuesday lost a bid to be released from jail so he can better prepare for his Oct. 3 trial on fraud …

By Valerie Insinna, Abhijith Ganapavaram and Rajesh Kumar Singh (Reuters) -Aerospace suppliers and airlines around the world warned of rising costs and a squeeze on plane capacity after U.S. engine …

By Diane Bartz WASHINGTON (Reuters) – Adobe, IBM, Nvidia and five other firms have signed President Joe Biden’s voluntary commitments governing artificial intelligence, which requires steps such as watermarking AI-generated …