By David Lawder WASHINGTON (Reuters) – The World Trade Organization’s moratorium on customs duties on digital transmissions, a key pillar of internet development for decades, won a last-minute reprieve on Friday, but the deal will force companies to confront its expiration again in 2026. The WTO’s 13th ministerial meeting in its final hour produced a …
WTO e-commerce tariff moratorium wins temporary reprieve Read More »
(Reuters) -A California regulator has approved a proposal from Alphabet’s Waymo to expand its fared, completely driverless robotaxi services to Los Angeles and some cities near San Francisco, effective on Friday. Waymo, which already operates in San Francisco and Phoenix, applied on Jan. 19 to expand its driverless services, saying it would work with policymakers, …
California approves Waymo robotaxi services in LA, SF neighboring cities Read More »
By Fergal Smith (Reuters) -Canada’s main stock index climbed to a near two-year high on Friday, led by gains for resource and technology shares, as investors grew more optimistic about prospects for Federal Reserve interest rate cuts over the coming months. The Toronto Stock Exchange’s S&P/TSX composite index ended up 188.74 points, or 0.9%, at …
Resource shares lift Toronto market to near 2-year high Read More »
By Simon Jessop LONDON (Reuters) – Invesco on Friday became the fifth major U.S. investor to exit or scale back their involvement with the Climate Action 100+ coalition of investors, which aims to push highly polluting companies to cut their carbon emissions. The move follows a decision by the fund arms of JPMorgan and State …
Invesco joins list of US asset managers to exit CA100+ climate group Read More »
(Reuters) – UnitedHealth’s unit Change Healthcare said on Friday it has enabled a new instance of its service for all its customers, days after it reported a hack that had a knock-on effect on players across the U.S. healthcare system. “We have completed standing up a new instance of Change Healthcare’s Rx ePrescribing service,” the …
Change Healthcare enables new service amid outage Read More »
By Karl Plume CHICAGO (Reuters) -Grain trader Archer-Daniels-Midland expects to correct certain intersegment sales in its consolidated financial statements because they were not recorded at approximate market value, the company said in a U.S. Securities and Exchange Commission (SEC) filing on Friday. ADM, which is currently under government investigation for accounting practices in its Nutrition …
ADM expects to correct past financial statements in delayed annual report Read More »
By David Shepardson WASHINGTON (Reuters) -General Motors is recalling 820,000 newer pickup trucks in North America because tailgates could unlatch and open unexpectedly. The recall covers 2020 through 2024 model year trucks with power unlatching tailgates because water could leak into the exterior tailgate switch and cause a short circuit while parked. GM said it …
GM recalling 820,000 pickup trucks for tailgate issue Read More »
By Niket Nishant, Pritam Biswas and Jaiveer Shekhawat (Reuters) -Bank of America’s Merrill Lynch and Wells Fargo have been offering spot bitcoin exchange-traded funds to eligible wealth management clients, highlighting the growing popularity of the asset class. The ETFs have been available to clients for weeks, a source familiar with Bank of America’s plans told …
BofA’s Merrill, Wells Fargo offering spot bitcoin ETFs to clients Read More »
(Reuters) -Tesla on Friday raised prices of certain Model Y vehicles in the United States by $1,000, according to its website. The company raised the price of its Model Y rear-wheel drive and long-range vehicles to $43,990 and $48,990, respectively. Prices of the Model Y Performance variant and other models remained unchanged, according to the …
Tesla raises prices of some Model Y vehicles in US Read More »
By Amanda Cooper LONDON (Reuters) -Investors poured the most cash into technology stocks since August in the week to Wednesday and doubled the amount they put into cryptocurrencies, according to a report on Friday from Bank of America Global Research. Inflows into tech stocks, which include the so-called “Magnificent 7” largest companies by market value, …
Investors snap up ‘Magnificent 7’ tech stocks and crypto – BofA Read More »
