Jul 3, 2023 | Business, Economy, US
By Saeed Azhar NEW YORK (Reuters) -Bank of America and Citigroup said on Monday they had begun a dialogue with the Federal Reserve to understand differing results between the central bank’s stress test and the companies’ own under the Dodd-Frank Act. BofA...
Jul 3, 2023 | Business, Economy, Europe, Technology, US
By Foo Yun Chee BRUSSELS (Reuters) -Microsoft is likely to face a European Union antitrust investigation in the coming months after remedy discussions with the EU watchdog to avert such a move appear to have hit a roadblock, people familiar with the matter said....
Jul 3, 2023 | Asia, Business, Economy, Europe, Technology, US
By Aditya Soni (Reuters) -Tesla shares jumped about 7% on Monday after better-than-expected quarterly deliveries showed that Chief Executive Elon Musk’s plan of boosting volumes through discounts was working. The day’s gains lifted the top U.S....
Jul 3, 2023 | Business, Economy, US
By Lewis Krauskopf, Bansari Mayur Kamdar and Johann M Cherian (Reuters) – Wall Street’s main indexes ended with slim gains in a holiday-shortened session on Monday, helped by a surge in Tesla and strength in bank shares as the second half of the year...
Jul 3, 2023 | Business, Economy, Europe, Middle East, UK, US
By Laura Sanicola (Reuters) -Oil prices settled down 1% on Monday as worries about a slowing global economy and possible U.S. interest-rate hikes outweighed supply cuts announced for August by top exporters Saudi Arabia and Russia. Brent crude futures settled down 1%,...
Jul 3, 2023 | Business, Economy, Technology, US
By Mike Scarcella WASHINGTON (Reuters) – Apple said on Monday it will ask the U.S. Supreme Court to hear its challenge to a judge’s order in an antitrust case brought by “Fortnite” maker Epic Games that could force the iPhone maker to change...
