By Akash Sriram and Hyunjoo Jin (Reuters) -Tesla on Thursday published prices for its long-delayed Cybertruck electric pickup, starting at $60,990 for the lowest cost variant, over 50% more than what CEO Elon Musk had touted in 2019. Musk drove a Cybertruck onto a stage to cheers from the crowd and later handed keys to …
By Howard Schneider BESSEMER CITY, North Carolina (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday she believes the U.S. economy does not need further drastic monetary policy tightening to stamp out inflationary expectations and was on track to achieve a “soft landing” with strong employment. Yellen told reporters after a speech at a …
Yellen says US economy does not need drastic tightening, ‘soft landing’ on track Read More »
By Amina Niasse NEW YORK (Reuters) -Pending home sales fell in October to the lowest since at least 2001, indicating the month’s high mortgage rates and weakened affordability kept potential buyers on the sidelines, according to a report released on Thursday. Contracts to buy existing homes fell 1.5% in October to 71.4 from a revised …
Contracts to buy existing homes decline to a record-low in October – NAR Read More »
By Ann Saphir and Michael S. Derby (Reuters) -Federal Reserve policymakers signaled on Thursday that the U.S. central bank’s interest rate hikes are likely over, but left the door open to further monetary policy tightening should progress on inflation stall, and pushed back on market expectations for a quick pivot to rate cuts. Fresh data …
Fed officials feel rate hikes likely done, but too soon to know Read More »
(Reuters) – U.S. oil refiner Phillips 66 has retained two top financial and legal advisers for its duel with activist investor Elliott Investment Management, according to a person familiar with the matter. Elliott wants two board seats to be filled by executives with refining experience and faster action on restructuring the fourth-largest U.S. oil refiner …
US refiner Phillips 66 retains big-name advisers for Elliott duel Read More »
By Matt Tracy (Reuters) – Tight credit spreads and strong investor demand for highly-rated bonds has prompted some U.S. companies to refinance debt maturing in the next few years rather than wait for expected U.S. interest rate cuts in 2024 to lower borrowing costs. November saw a sharp rise in refinancing activity as Treasury yields …
Uncertain 2024 makes US companies refinance debt sooner, not later Read More »
By Lisandra Paraguassu, Marta Nogueira and Rodrigo Viga Gaier BRASILIA/RIO DE JANEIRO (Reuters) -Brazil hopes to join the OPEC+ group of oil-producing countries in January after a full technical analysis, the country’s energy minister said on Thursday, however sources said Brazil is not expected to take part in the group’s coordinated output caps. President Luiz …
Brazil not expected to cap oil output as part of OPEC+, sources say Read More »
By Sheila Dang (Reuters) -Billionaire Elon Musk told advertisers that have fled his social media platform X over antisemitic content to “Go fuck yourself” in a fiery Wednesday interview. His profanity-laced remarks followed a moment of contrition in a New York Times DealBook Summit interview. Musk said repeatedly he was sorry for publishing a tweet …
Elon Musk curses out advertisers who left X over antisemitic content Read More »
ZURICH (Reuters) – Billionaires increased in numbers and overall wealth last year, Swiss bank UBS said on Thursday, with the fortunes inherited by the newly-minted super-rich exceeding cash generated by self-made billionaires for the first time in years. The number of billionaires rose by 7% to 2,544 people globally, UBS said in its 2023 Billionaires …
UBS sees shift in new billionaires away from entrepreneurs to inherited wealth Read More »
(Reuters) -Salesforce raised its forecasts for annual profit and the lower end of its revenue on Wednesday, benefiting from a strong demand for its cloud and business products in an uncertain economy. Its shares rose 7% after the bell as it also forecast fourth-quarter revenue and profit above expectations and exceeded Wall Street targets for …
Salesforce raises annual profit view on steady cloud demand Read More »
