Oil climbs 3% as steep US crude stocks draw adds to supply concerns
By Arathy Somasekhar HOUSTON (Reuters) – Oil prices surged 3% on Wednesday to the highest settlement in 2023, after a…
Category: General
CarMax misses profit estimates; monitoring strikes at Detroit Three
By Nathan Gomes (Reuters) -CarMax on Thursday posted a lower-than-expected quarterly profit, hurt by weakening demand for preowned vehicles, sending…
Micron shares fall as demand recovery ‘off to slow start’
(Reuters) -Micron Technology’s first-quarter loss forecast has triggered concerns of a sluggish recovery in the memory chip maker’s end-markets such…
House, Senate standoff raises chances of US government shutdown
By Moira Warburton and David Morgan WASHINGTON (Reuters) – Republican U.S. House Speaker Kevin McCarthy on Wednesday rejected a stopgap…
Amazon faces landmark monopoly lawsuit by FTC
(This Sept. 26 story has been corrected to say ‘the court of Western District of Washington state’ instead of ‘the…
Instacart shares fall further below IPO price
By Noel Randewich (Reuters) – Instacart’s stock dropped 4% on Wednesday, marking a fresh low a day after it closed…
U.S. sues eBay over sale of harmful products
By Jonathan Stempel NEW YORK (Reuters) -The U.S. government on Wednesday sued eBay, accusing the online platform of violating the…
Wall St pounded as investors grapple with higher rates
By Lewis Krauskopf, Ankika Biswas and Shashwat Chauhan (Reuters) – Wall Street’s main indexes ended down over 1% on Tuesday…
Biden says UAW should fight for 40% pay raise in Michigan strike visit
By Jeff Mason and Nandita Bose BELLEVILLE, Michigan (Reuters) -President Joe Biden on Tuesday joined a picket line with striking…
Exclusive-JPMorgan shuffles bosses as Rivas to retire as head of North American investment banking -memo
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase reorganized the leadership in its investment bank, promoting a new head in…