Fed chief Powell has warned of economic pain. In York, Pa., he heard all about it
By Howard Schneider YORK, Pennsylvania (Reuters) -After helping build a floor under the economy during the pandemic only to put…
Apple enforces new check on apps in China as Beijing tightens oversight
By Josh Ye HONG KONG (Reuters) – Apple has started requiring new apps to show proof of a Chinese government…
Fed policymakers see rates staying high for ‘some time’
By Ann Saphir (Reuters) -U.S. Federal Reserve officials say that monetary policy will need to stay restrictive for “some time”…
Tesla scores Autopilot victory as judge rules owners must use arbitration
By Daniel Wiessner (Reuters) – In a victory for Tesla, a judge has ruled that a group of vehicle owners…
Oil tumbles 2% to 3-week low on strong dollar, profit taking
By Scott DiSavino NEW YORK (Reuters) -Oil prices fell about 2% on Monday to a three-week low as a higher-priced…
Ally Financial to lay off nearly 5% of staff
(Reuters) – Ally Financial said on Monday job cuts in various divisions of the digital banking firm will affect nearly…
Top House Republican McCarthy vows to survive ouster threat for avoiding shutdown
By David Morgan WASHINGTON (Reuters) -Top U.S. House Republican Kevin McCarthy said on Sunday he expected to survive a threat…
Ackman’s SPARC is seeking new deals with private companies
(Reuters) – Pershing Square SPARC Holdings Ltd, said that it will pursue business combinations with privately-held companies after receiving regulatory…
Five more cargo ships head for Ukraine’s Black Sea ports -deputy PM
KYIV (Reuters) – Five more ships are on their way to Ukrainian sea ports using a new corridor opened to…
Saudi Arabia to tap international debt markets as deficits return
By Aziz El Yaakoubi and Pesha Magid RIYADH (Reuters) – Saudi Arabia is expected to tap the international debt markets…