(Reuters) – Tesla Inc has applied with the Texas state department of licensing to expand its gigafactory in Austin, Texas, with investment of over $700 million, Electrek reported on Tuesday. Tesla and the Texas Department of Licensing and Regulation did not immediately respond to Reuters’ requests for comment. (Reporting by Yuvraj Malik in Bengaluru)
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended higher on Tuesday on relief that Federal Reserve Chair Jerome Powell refrained in a speech from commenting on rate policy. In his first public appearance of the year, Powell said at a forum sponsored by the Swedish central bank that the Fed’s independence is essential …
Wall St ends higher; Powell comments avoid rate policy Read More »
(Reuters) -FedEx Corp said on Tuesday it would further cut its Sunday package deliveries in March, as it looks to align operations with consumer demand. Many of FedEx’s 6,000 U.S. contractors had complained that there was not enough demand for Sunday deliveries to cover the cost of providing the service. The adjustment will trim the …
WASHINGTON (Reuters) -The U.S. Transportation Department said on Tuesday it is forwarding thousands of consumer complaints stemming from Southwest Airlines’ massive December flight cancellations as part of its ongoing investigation. The Transportation Department said it is directing Southwest to provide substantive responses to all consumer complaints within 60 days, as required by federal regulations. The …
U.S. regulators forwarding Southwest complaints as part of probe Read More »
By Lindsay Dunsmuir and Howard Schneider STOCKHOLM (Reuters) -The Federal Reserve’s independence from political influence is central to its ability to battle inflation, but requires it stay out of issues like climate change that are beyond its congressionally established mandate, Fed Chair Jerome Powell said on Tuesday. “Restoring price stability when inflation is high can …
Powell: Fed needs independence to fight inflation, should avoid social policy Read More »
MADRID (Reuters) – Spanish ride-hailing app Cabify plans to list its shares on the stock market within 12 to 15 months, local news website El Confidencial reported on Tuesday citing unidentified sources closed to the company’s management. The company’s valuation would be close to 2 billion euros ($2.2 billion), El Confidencial added, citing other unidentified …
Spain’s ride-hailing Cabify plans IPO within 12-15 months -El Confidencial Read More »
By Jorgelina do Rosario and Rodrigo Campos LONDON/NEW YORK (Reuters) – The hordes of supporters of Brazil’s former president Jair Bolsonaro that invaded top government buildings in the capital city were a reality check for investors in Latin America’s largest economy. Peaceful transitions of power have followed elections since the end of two decades of …
Investors see Brazil’s polarization, fiscal plans as key risks after protests Read More »
NAIROBI (Reuters) -Kenya Airways is experiencing flight disruptions due to delays in securing aircraft components required for maintenance, the carrier said late on Monday. The airline, which is one of Africa’s biggest, may be forced to cut some flights if the challenges of getting the parts persist, Chief Executive Officer Allan Kilavuka said in a …
Parts shortages impact Kenya Airways, cause flight disruptions Read More »
By Ann Saphir and Howard Schneider SAN FRANCISCO/ATLANTA (Reuters) -Federal Reserve policymakers say fresh inflation data out later this week will help them decide whether they can slow the pace of interest rate hikes at their upcoming meeting, to just a quarter point increase instead of the larger jumps they used for most of 2022. …
Fed to size up next rate hike with eye on inflation Read More »
By Leroy Leo and Aditya Samal (Reuters) – Johnson & Johnson will look for opportunities to merge with or acquire firms that add value to its focus areas of eye care, surgical robots, orthopedics and cardiovascular products, the company’s Chief Executive Officer Joaquin Duato said on Monday. The healthcare giant is in the process of …
J&J may eye deals that boost eye care, surgical robots businesses – CEO Read More »
