By Nupur Anand NEW YORK (Reuters) -U.S. banks are petitioning the Office of the Comptroller of the Currency to seek national standards for providing banking services that would override state-imposed rules, three sources familiar with the matter said. Large banks, in particular, are lobbying for uniform U.S. regulations outlining how they can make loans, issue …
(Reuters) -Alphabet’s robotaxi unit Waymo has received its first permit to begin testing its autonomous vehicles in New York City with a trained specialist behind the wheel, helping the company advance its self-driving ambitions. Waymo can now begin testing a limited number of its self-driving cars in parts of Manhattan and Downtown Brooklyn, New York …
Waymo gets first permit to test autonomous vehicles in New York City Read More »
NEW YORK (Reuters) -U.S. Federal Reserve Chair Jerome Powell on Friday pointed to a possible rate cut at the central bank’s September meeting but stopped short of committing to it in remarks that walked a narrow line acknowledging growing risks to the job market while also saying risks of higher inflation remain. “While the labor …
By Shashwat Chauhan and Johann M Cherian (Reuters) -Rate-sensitive stocks rallied on Friday after U.S. Federal Reserve Chair Jerome Powell hinted that an interest-rate cut could be on the table in September, citing a shifting balance of risks. Traders now see a 90% chance of a rate cut next month compared with about 75% before …
US small caps, housing stocks rally as Powell opens door to rate cuts Read More »
By Aditya Kalra and Aftab Ahmed NEW DELHI (Reuters) -Amazon is lobbying the Indian government to ease its foreign investment rules to allow the U.S. company to buy products directly from Indian sellers to sell in overseas markets, four people with direct knowledge of the matter said. India currently prohibits companies like Amazon and Walmart …
By Promit Mukherjee and Allison Lampert OTTAWA (Reuters) -Canada’s government stepped in four times to aid seven companies last year, stopping strikes using an obscure Labour Code provision. A similar decree on Sunday failed, however, as Air Canada’s flight attendants refused to obey and stayed on strike for three days. Their defiance marked a watershed, unions and …
Analysis-Air Canada union’s defiance of Canadian government order could embolden workers Read More »
(Reuters) -Global equity fund inflows dropped sharply in the week through August 20 on caution over a selloff in leading technology stocks, with the Federal Reserve Chair Jerome Powell’s upcoming speech at the annual Jackson Hole symposium this weekend, also adding to risk aversion. Investors bought global equity funds worth just $2.27 billion during the …
Global equity fund inflows cool on caution over tech sector selloff Read More »
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets As investors wait anxiously for Federal Reserve Chair Jerome Powell’s keynote speech at the Jackson Hole symposium today, the rates market is responding to a mix of robust economic and price signals and hawkish statements from …
Morning Bid: Treasuries tighten as Fed hawks re-emerge Read More »
(Reuters) -Canadian oil producer MEG Energy said on Friday it has agreed to be acquired by larger peer Cenovus Energy in a cash-and-stock deal worth C$6.93 billion, to create one of the largest oil sands companies in Canada. In May, Canadian oil and gas producer Strathcona said it planned to launch a C$5.93 billion hostile …
Cenovus Energy to acquire MEG Energy for C$6.93 billion Read More »
(Reuters) -Tesla has raised the price of its most-expensive Cybertruck pickup truck model by $15,000 in the United States despite softer-than-expected sales and recalls. The sharp increase follows a long-delayed rollout in which the pickup has struggled to meet Tesla’s early promises, with sales so far trailing expectations. The Cyberbeast variant, which now costs $114,990, …
Tesla raises price of most-expensive Cybertruck by $15,000 in US Read More »
