(Reuters) – Ford Motor has stopped taking reservations for the upcoming F-150 Lightning electric pickup, Chief Executive Jim Farley told CNBC host Jim Cramer on Thursday. Farley said F-150 Lightning orders were capped at 200,000: “We had to stop taking reservations because we had so many.” He said Ford originally installed production capacity for 70,000-80,000 …
Ford caps F-150 Lightning orders at 200,000 – CEO Farley Read More »
CHICAGO (Reuters) -Tyson Foods Inc plans to spend more than $1.3 billion to increase automation in meat plants over the next three years, Chief Executive Donnie King said on Thursday, as a U.S. labor shortage has limited production while demand is booming. Meat processors have been unable to find enough workers for the past two …
Tyson Foods plans to spend $1.3 billion to automate meat plants Read More »
By Steve Scherer and Julie Gordon OTTAWA (Reuters) – Canada hopes more immigration can boost economic growth and allay a worsening post-pandemic labor shortage, but new migrants could pour gasoline on that red-hot housing market that the central bank has warned was stoked by “a sudden influx of investors.” Prime Minister Justin Trudeau’s administration is …
Canada opens door to immigrants, adding fuel to hot housing market Read More »
(Reuters) – U.S. household wealth rose to a record $144.7 trillion at the end of the third quarter, a report from the Federal Reserve showed on Thursday, though the $2.4 trillion gain over the period was the smallest since the rebound from the coronavirus pandemic began. Real estate values added around $1.4 trillion to overall …
U.S. household wealth increase in Q3 smallest of pandemic era, Fed says Read More »
By David Shepardson WASHINGTON (Reuters) -The chief executives of major U.S. retailers including Target, Home Depot, Kroger, CVS Health, Autozone and Best Buy on Thursday urged Congress to take action to address the online sale of stolen, counterfeit and dangerous consumer products. The group called on Congress to crack down on anonymous online sales, citing …
Major U.S. retailers urge action by Congress on online stolen, counterfeit goods sales Read More »
(Reuters) -Drugstore operator CVS Health Corp said on Thursday it expects revenue from COVID-19 vaccination and testing to decline significantly next year, after it forecast 2022 adjusted earnings largely below estimates. Shares of CVS, however, were up 3.8% at $96.7 after it raised its 2021 profit forecast to $8.00 per share from prior estimate of …
CVS Health sees fall in COVID-19 vaccine, testing revenue in 2022 Read More »
By Valentina Za MILAN (Reuters) -Investors welcomed a pledge by new UniCredit Chief Executive Andrea Orcel to return at least 16 billion euros ($18 billion) to them under his new strategy to 2024, sending the Italian bank’s shares to a 22-month high on Thursday. UniCredit plans to generate sufficient new capital to pay out as …
UniCredit shines on Orcel’s $18 billion investor payout promise Read More »
By Shrutee Sarkar BENGALURU (Reuters) – The U.S. Federal Reserve will raise rates in the third quarter of next year, earlier than expected a month ago, according to economists in a Reuters poll who mostly said the risk was that a hike comes even sooner. That shift in expectations for lift-off to Q3 from Q4 …
Fed to lift rates in Q3 next year, but risk it comes sooner: Reuters poll Read More »
By Michel Rose and Ingrid Melander PARIS (Reuters) – The European Union needs to rethink its budget framework and alter deficit rules to encourage post-pandemic investment and foster growth as the world seeks to emerge from the COVID-19 crisis, French President Emmanuel Macron said on Thursday. The new rules must be more simple and transparent, …
Macron says EU’s post-COVID economy needs new budget rules Read More »
PARIS (Reuters) -The European Union will work towards an unprecedented regulation of social media platforms that will establish liability for hate-filled content, French President Emmanuel Macron said on Thursday. France takes over the rotating presidency of the 27-nation European Council in January at a time when the EU is discussing new legislation setting out the …
Macron: EU will draw up regulation to fight hate on social media Read More »
