(Reuters) -Ford Motor Co is raising the price of its electric truck F-150 Lightning Pro for the 2023 year model by nearly 11%, seeking to cushion the hit from ongoing supply chain snags and decades-high inflation, a spokesperson for the automaker said on Wednesday. The price of the new model has been set at $51,974 …
Ford raises price of F-150 electric truck as inflation bites Read More »
By Kanishka Singh WASHINGTON (Reuters) -GM Financial, a unit of General Motors Co, agreed to pay over $3.5 million to resolve allegations it violated a U.S. federal law that provides certain benefits and protections to eligible servicemembers, the Justice Department said. GM Financial was accused of violating the Servicemembers Civil Relief Act by illegally repossessing …
GM Financial to pay over $3.5 million to resolve claims it violated U.S. law Read More »
By Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve’s fight against inflation is likely “still in early days,” Atlanta Fed president Raphael Bostic said Wednesday, becoming the latest U.S. central banker to caution against the likelihood rates would be reduced in response to any weakening of the economy. Despite “glimmers of hope” in recent …
Fed’s Bostic says inflation fight “still in early days” Read More »
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever As the U.S. inflation debate intensifies, the signals are getting murkier. For investors, this makes markets more skittish and day-to- day moves harder to predict, and makes Fed forecasting even more difficult than it already is. On Wednesday, the headline U.S. …
(Reuters) – Former bank executive Andriy Pyshnyi is set to be appointed chairman of the National Bank of Ukraine following Kyrylo Shevchenko’s resignation as central bank chief, a senior lawmaker said on Wednesday. The central bank did not immediately respond to a request for comment on the statement by Yaroslav Zheleznyak, first deputy of parliament’s …
Banker Pyshnyi set to become Ukraine’s central bank head, lawmaker says Read More »
BERLIN (Reuters) – Germany’s services sector shrank in September slightly more than initially expected as inflation and growing uncertainty hit demand, a survey showed on Wednesday, adding to signs that Europe’s biggest economy may be heading for recession. S&P Global’s final German services purchasing managers’ index (PMI) for September fell to 45.0, slightly below a …
German services sector weakens in Sept slightly more than initial estimate -PMI Read More »
By David Randall NEW YORK (Reuters) – Investors suffering through a bruising year for markets are hoping that recent signs of wobbling economic growth will force the Federal Reserve and other global central banks to take their foot off the gas in the fight against inflation, sparking sharp rebounds in stocks and bonds. The S&P …
Analysis-Hopes of elusive Fed pivot drives markets higher once again Read More »
By Byron Kaye and Renju Jose SYDNEY (Reuters) – Australia’s largest telecoms firm Telstra Corp Ltd said on Tuesday it had suffered what it called a small data breach, a disclosure that comes two weeks after its main rival Optus was left reeling by a massive cyberattack. Telstra, which has 18.8 million customer accounts equivalent …
Australia’s Telstra hit by data breach, two weeks after attack on Optus Read More »
By Paresh Dave and Nandita Bose (Reuters) -The White House on Tuesday proposed a non-binding Artificial Intelligence (AI) Bill of Rights that it said would help parents, patients and workers avert harm from the increasing use of automation in education, health care and employment. The Biden administration’s proposal joins hundreds of other guidelines and policy …
White House guidelines for AI aim to mitigate harm Read More »
By Herbert Lash, Ankika Biswas and Bansari Mayur Kamdar (Reuters) -The S&P 500 index posted its biggest single-day rally in two years on Tuesday after softer U.S. economic data and Australia’s smaller-than-expected interest rate hike stirred hope for less aggressive tightening by the Federal Reserve. While labor demand remains fairly strong, U.S. job openings fell …
Wall St rallies as data, RBA move lifts hope of Fed easing Read More »
