Reuters US Business

By Jaspreet Singh and Harshita Mary Varghese (Reuters) – Google’s stunning defeat in a legal battle with “Fortnite” maker Epic Games may clear the way for rival app stores on its Android mobile system but a lengthy appeals process will likely prevent any changes for years, according to analysts and legal experts. A jury in …

Google’s court loss to Epic Games may cost billions but final outcome years away Read More »

By Rishav Chatterjee (Reuters) -Blackstone-owned Crown Resorts is facing a investigation by an Australian state regulator after the casino operator said it was probing into CEO Ciaran Carruthers, who allegedly overruled the casino’s security officers over banning intoxicated customers. “In relation to the CEO’s conduct, the Victorian Gambling and Casino Control Commission (VGCCC) will review …

Blackstone-owned Crown faces probe by Victoria’s casino regulator Read More »

(Reuters) – Tesla’s Model 3 Rear-Wheel Drive and Long Range vehicles will lose an up to $7,500 federal tax credit from Dec. 31 based on new guidance under the U.S. Inflation Reduction Act, a message on the U.S automaker’s website showed late Tuesday. The U.S. Treasury issued guidelines earlier this month detailing new battery sourcing …

Tesla to lose $7,500 consumer tax credits for some Model 3 vehicles Read More »

By Nick Carey and Paul Lienert LONDON/DETROIT (Reuters) – Electric vehicle charging companies in Europe and the U.S. have started fighting over the best spots for fast public chargers, and industry watchers predict fresh rounds of consolidation as more big investors enter the fray. Many current EV charger companies are backed by long-term investors, and …

EV charger station firms battle for prime locations in Europe, US Read More »

By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks closed at fresh highs of the year on Tuesday, after inflation data did little to alter views for the timing of a rate cut by the Federal Reserve, as investors awaited the central bank’s last policy decision of the year on Wednesday. The November Consumer Price Index …

Wall St hits fresh 2023 highs after inflation data; Fed on deck Read More »

BRASILIA (Reuters) – Brazil’s government has spearheaded an effort to raise $10 billion from multilateral and development banks to fund infrastructure projects to advance South American integration, seeking enhanced trade and reduced transportation time to Asia. Brazilian development bank BNDES is expected to allocate $3 billion within this effort, primarily for funding projects that Brazilian …

Brazil secures $10 billion from banks for South American integration projects Read More »

By Lucy Craymer WELLINGTON (Reuters) – New Zealand house prices fell in November, but more broadly sales activity is improving with more listings coming to market and houses selling more quickly, the Real Estate Institute of New Zealand (REINZ) said on Wednesday. Seasonally adjusted median house prices fell 1.0% in November compared with October, and …

New Zealand house prices fall but activity up -REINZ Read More »

WASHINGTON (Reuters) -Auto dealers will be barred from luring vehicle buyers with promises they do not keep and will not be able to charge junk fees – like a service contract for an oil change for an electric vehicle – under a new rule, the U.S. Federal Trade Commission said on Tuesday. The rule could …

US FTC finalizes car-buying rules to rein in junk fees, bait-and-switch Read More »

By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer prices unexpectedly rose in November as a decline in the cost of gasoline was more than offset by increases in rents, further evidence that the Federal Reserve is unlikely to pivot to interest rate cuts early next year. The report from the Labor Department on Tuesday also showed …

Stubbornly high rental costs lift US consumer inflation in November Read More »