By David Shepardson WASHINGTON (Reuters) -U.S. safety investigators said on Thursday a Ford Mustang Mach-E was using an advanced driver assistance system when it struck the rear of a stationary Honda CR-V on Interstate Highway 10 in San Antonio, Texas in a Feb. 24 crash. The National Transportation Safety Board said the Ford had “BlueCruise” …
US says Ford was using driver assistance during fatal Texas crash Read More »
(Reuters) – Paramount Global disclosed on Thursday that it plans to reduce its board to seven directors from 11 currently amid reports that the entertainment giant controlled by Shari Redstone was discussing a merger with Skydance Media. The company, in its proxy filing, did not propose the election of board members Dawn Ostroff, a former …
Paramount plans to shrink board to seven directors amid Skydance deal talks Read More »
(Reuters) – Archer-Daniels-Midland said on Thursday its division is expanding a recall to include 17 additional lots of chicken, swine and rabbit feed products due to elevated levels of magnesium, sodium, calcium and/or phosphorus that may harm the animals. ADM Animal Nutrition in late March had recalled select Pen Pals chicken feed, MoorMan’s ShowTec swine …
ADM division expands recall to include additional animal feed products Read More »
By Nathan Gomes (Reuters) -Pre-owned vehicles retailer CarMax missed analysts’ estimates for fourth-quarter results on Thursday and said it might not meet its long-term vehicle sales target, signaling a slower recovery in the used car market. CarMax shares closed 9% lower. While prices declined, higher interest rates are pressuring consumers on everything else they are …
CarMax delays vehicle sales goal after missing Q4 results, shares tumble Read More »
WASHINGTON (Reuters) – The chair of the Senate Banking Committee on Thursday urged President Joe Biden to block Chinese-made vehicles from the United States auto market. “I implore you to take bold, aggressive action and to permanently ban EVs produced by Chinese companies or whatever subsidiaries they establish to conceal their origins,” Senator Sherrod Brown, …
Ohio senator wants Biden to permanently ban Chinese EVs from US Read More »
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed higher on Thursday, with tech-related momentum stocks leading the charge, as fresh economic data rekindled hopes that inflation remains in a cooling trend. Interest rate-sensitive megacaps gave the tech-heavy Nasdaq a decisive edge. The S&P 500 also closed in positive territory, while the Dow ended …
S&P 500, Nasdaq end sharply higher on soft inflation data, eyes on earnings Read More »
(Reuters) -Morgan Stanley’s wealth management arm is being probed by multiple regulators, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The U.S. Securities and Exchange Commission, the Office of the Comptroller of the Currency (OCC) and other Treasury Department offices are involved, the report said. The bank’s shares fell 4.8% …
Morgan Stanley’s wealth arm under probe by multiple regulators, WSJ reports Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – Big technology-related company earnings are expected to again lead S&P 500 profit growth in the upcoming U.S. reporting period, which could refuel optimism for stocks after a weak start to April. Interest rate outlook worries hang over the first-quarter earnings season, with the expected timeline for Federal Reserve …
US quarterly earnings to feature big growth in tech-related companies Read More »
By Luc Cohen NEW YORK (Reuters) -Sam Bankman-Fried, facing the prospect of spending much of his adult life behind bars, on Thursday appealed his conviction and 25-year prison sentence for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded. Defense lawyer Marc Mukasey had announced plans for the appeal to the …
Bankman-Fried appeals FTX fraud conviction, 25-year sentence Read More »
By Howard Schneider WASHINGTON (Reuters) – Hot U.S. inflation data has put the Federal Reserve’s debate over a first interest rate cut on a potential collision course with the presidential election calendar, although a parade of top-level Fed-watching economists also predict the Fed won’t make its move until after Americans go to the polls. Rate …
Hot inflation may put Fed rate cut in thick of election season Read More »
