(Reuters) – Home Depot Inc on Thursday said it was shipping supplies of air filters, respirator masks, box fans and air scrubbers to meet increased demand in areas impacted by poor air quality, as smoke from Canadian wildfires engulfs the U.S. East Coast. Hundreds of forest fires continued to burn across much of Canada as …
Home Depot ships air filters, masks to areas with poor air quality Read More »
By John McCrank and Hannah Lang (Reuters) -The chair of the U.S. Securities and Exchange Commission (SEC) on Thursday strongly rebutted criticism that the agency is trying to crush the crypto industry, and said many companies in the space had made a “calculated economic decision” to flout its rules. Speaking at a Piper Sandler conference …
Crypto companies made ‘calculated’ decision to flout rules, says SEC chair Read More »
By Nathan Gomes and Sinéad Carew (Reuters) -Shares of used-car retailer Carvana Co closed up 56.0% on Thursday with some help from traders covering their bearish bets after the company forecast second-quarter adjusted earnings above Wall Street expectations due to cost-cutting initiatives. During the session Carvana shares rose as much as 68% to $26.09, which …
Carvana shares surge as much as 68% after upbeat second-quarter outlook Read More »
By David Shepardson (Reuters) -General Motors said Thursday it will invest more than $500 million in its Arlington, Texas assembly plant to prepare it for production of next-generation internal combustion engine full-size SUVs. The Detroit automaker is making a series of announcements this month. Efforts to retool existing North American auto plants and introduce more …
GM to invest more than $500 million in Texas plant for future SUVs Read More »
By Steve Scherer and David Ljunggren OTTAWA (Reuters) -Surprisingly strong household spending in the first quarter and stubbornly high core inflation were among the top reasons the Bank of Canada hiked rates after a four-month pause, a senior official said on Thursday. Deputy Governor Paul Beaudry also warned consumers that in the future, interest rates …
Bank of Canada hiked rates over alarm at household spending, stubborn inflation Read More »
By Nick Carey LONDON (Reuters) – U.S. ride-hailing giant Uber said on Thursday that customers will soon be able to track emissions avoided when choosing greener rides and have the option of shared rides in more cities to further reduce CO2 emissions. The company said customers will be able to track the amount of CO2 …
Uber says green rides will enable customers to track CO2 savings Read More »
By Shreyashi Sanyal (Reuters) -European shares dipped on Thursday as rate-sensitive technology shares slipped on expectations of further interest rate hikes by major central banks, although gains in banks helped limit losses. The pan-European STOXX 600 index edged 0.1% lower, with the technology sector down 1.2%. European bank shares rose 0.6%. Fears that the U.S. …
SAN FRANCISCO (Reuters) – Nikola adjourned its shareholder meeting on Wednesday after failing to garner enough support for a proposal to increase the number of shares the electric truck maker is allowed to issue, delaying its prospects of raising much-needed capital. Nikola has been urging shareholder for weeks to vote in favor of the so-called …
Nikola adjourns meeting to garner more support for share proposal Read More »
By Brendan Pierson (Reuters) – Teva Pharmaceutical Industries on Wednesday agreed to pay Nevada $193 million to settle claims that its marketing practices fueled opioid addiction, the state announced. Nevada was one of two states, along with New Mexico, that did not join a $4.35 billion nationwide settlement with the Israel-based drugmaker last year. New …
Teva to pay Nevada $193 million over role in opioid epidemic Read More »
By Carolina Mandl and Davide Barbuscia NEW YORK (Reuters) -Big U.S. hedge fund and family office investors on Wednesday cautioned that despite the U.S. economy showing resilience, a recession and more bank failures remained likely in an environment of persistent inflation. U.S. investor Stanley Druckenmiller, chairman and chief executive officer at Duquesne Family Office, said …
Bank failures, ‘hard landing’ still top-of-mind for hedge funds Read More »
