Reuters US Business

By Scott Murdoch and Christine Chen SYDNEY (Reuters) -Virgin Australia shares surged 11.4% in its trading debut on Tuesday, lifting its market capitalisation to A$2.58 billion ($1.7 billion), with dealmakers hopeful it will revive Australia’s subdued listings market. The airline’s strong debut came as oil prices fell more than 5% after Israel agreed to U.S. …

Virgin Australia shares soar 11.4% in debut, boost market value Read More »

By David Shepardson WASHINGTON (Reuters) -The National Highway Traffic Safety Administration is seeking information from Tesla after reviewing online videos of a robotaxi allegedly using the wrong lane and of speeding by another driverless vehicle. The U.S. auto safety agency said it is “aware of the referenced incidents and is in contact with the manufacturer …

US safety agency contacts Tesla on robotaxi issues seen in online videos Read More »

(Reuters) -U.S. President Donald Trump said on Tuesday that interest rates in the country should be lowered by at least two to three percentage points, ahead of Federal Reserve Chair Jerome Powell’s testimony before Congress. “We should be at least two to three points lower…if things later change to the negative, increase the Rate,” Trump …

Trump says US interest rates should be at least two to three points lower Read More »

By Tom Bergin (Reuters) -President Donald Trump’s family business has paid off in full in cash the $160 million loan on its 40 Wall Street office tower in Manhattan, a Trump Organization spokesperson said on Monday, underscoring how the business’ fortunes have improved since Trump’s re-election last year Trump has cited 40 Wall Street, a …

Exclusive-Trump Organization pays off loan on 40 Wall Street in New York Read More »

By Stephen Culp NEW YORK (Reuters) -Wall Street rallied on Monday as prospects of the U.S. Federal Reserve cutting interest rates as early as July offset uncertainty about escalating turmoil in the Middle East. All three major U.S. stock indexes closed sharply higher. Consumer discretionary stocks led the sector gainers, with a solid boost from …

Wall St ends higher as rate-cut hopes offset Iran war fears Read More »

By Jonathan Stempel (Reuters) -Tesla was sued on Monday by the estates of three people killed last September when their 2024 Model S equipped with Autopilot and Full Self-Driving features crashed on New Jersey’s Garden State Parkway. The wrongful death lawsuit filed in the federal court in Camden, New Jersey, attributed the deaths of David …

Tesla sued over Model S crash that killed three in New Jersey Read More »

By Jody Godoy (Reuters) -Media Matters asked a court on Monday to block the U.S. Federal Trade Commission’s probe into whether media watchdogs coordinated advertising boycotts, calling it retaliation for the group’s criticism of Elon Musk, a major donor to Donald Trump’s presidential campaign. The FTC demanded Media Matters hand over communications with other groups that …

Media Matters sues to block FTC probe over Musk’s X boycott claims Read More »