Business News

By Nichola Groom (Reuters) – U.S. residential solar installers are bracing for a slowdown this year as California, the sector’s pioneer and biggest market, is days away from slashing a …

By Herbert Lash NEW YORK (Reuters) -U.S. stocks closed mostly flat and the dollar rose on Monday after strong jobs data last week pointed to the Federal Reserve hiking interest …

By David Shepardson WASHINGTON (Reuters) – The United States Postal Service (USPS) on Monday said it was seeking approval to hike the price of first-class mail stamps to 66 cents …

By Tom Polansek CHICAGO (Reuters) -About 150 employees of a Tyson Foods Inc chicken plant in Arkansas went on strike on Monday for better treatment before the company shuts the …

By Andrea Shalal WASHINGTON (Reuters) – The U.S. banking system remains strong and resilient, but American officials will continue working with foreign counterparts to bolster financial resilience after recent bank …

By Karen Brettell NEW YORK (Reuters) – The dollar firmed on Monday after Friday’s solid jobs report boosted expectations for a U.S. interest rate hike in May, while the yen …

By Chris Prentice and Kanishka Singh NEW YORK/WASHINGTON (Reuters) -A Goldman Sachs & Co unit has agreed to pay $15 million to settle U.S. Commodity Futures Trading Commission (CFTC) charges …

By Laura Sanicola (Reuters) -Oil prices settled lower on Monday, after rising for three straight weeks, as concern about further interest rate hikes that could curb demand balanced the prospect …

By Lawrence Delevingne (Reuters) – As First Republic Bank’s share price fell by double-digits in the aftermath of the collapse of Silicon Valley Bank last month, some people close to …

By Saeed Azhar and Mehnaz Yasmin NEW YORK (Reuters) – Most Wall Street banks are likely to report lower quarterly earnings and face a dour outlook for the rest of …

(Reuters) – Tesla Inc has put up five proposals for vote at its annual shareholder meeting on May 16, including the nomination of co-founder JB Straubel to the electric-vehicle maker’s …

By Hyunjoo Jin and Mike Scarcella SAN FRANCISCO (Reuters) – A California Tesla owner on Friday sued the electric carmaker in a prospective class action lawsuit accusing it of violating …

SHANGHAI (Reuters) – Chinese search engine giant Baidu has filed lawsuits against “relevant” app developers and Apple Inc over fake copies of its Ernie bot app available on Apple’s app …

(Reuters) – The U.S. economy is at risk of shrinking in the second quarter, BofA Global Research wrote in a client note, following recent economic data that hinted that the …

WASHINGTON (Reuters) – Cameroon is working to boost export revenues to fend off a potential debt crisis and has relaunched talks with the U.S. to rejoin Washington’s flagship trade initiative …

By David Shepardson WASHINGTON (Reuters) – A key SpaceX Starship Super Heavy rocket launch test now is likely to take place later this month rather than sometime this week, the …

By Helen Coster and Jack Queen (Reuters) – One of the most closely watched U.S. defamation cases in decades is set to begin on Thursday as a Delaware court picks …

By Anna-Catherine Brigida and Walter Bianchi BUENOS AIRES (Reuters) – Argentina has patched up its wobbly economy with a so-called “soy dollar” preferential exchange rate to boost grains exports and …

(Reuters) – Pioneer Natural Resources Co’s shares rose as much as 8.5% on Monday following a report that Exxon Mobil Corp held preliminary talks with the U.S. shale oil producer …

By Jesús Aguado MADRID (Reuters) -Core inflation in the euro zone is likely to stay high for the rest of 2023, ECB policymaker Pablo Hernandez de Cos said on Monday, …

By Clara Denina and Mrinalika Roy (Reuters) -Canada’s Teck Resources on Monday reinforced its rejection of an unsolicited $22.5 billion bid from Glencore, saying the implied value was “an illusion” …

By Howard Schneider WASHINGTON (Reuters) – Interest rates eventually should fall back to levels seen before the outbreak of COVID-19, with advanced economies again within sight of the “zero lower …

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Weeks after a banking crisis pummeled financial stocks, some options strategists say the heightened pessimism in the sector presents an attractive opportunity …

SHANGHAI (Reuters) – China’s BYD launched on Monday a new chassis suspension system as the electric vehicle maker ramps up efforts to move upmarket with premium products. The system, BYD …

By Michael S. Derby NEW YORK (Reuters) – Americans said last month that access to credit was at its toughest level in nearly a decade, as they also braced for …