By John McCrank NEW YORK (Reuters) – The prices of so-called meme stocks may be distorted because the majority of […]
Apple’s Cook says proposed EU tech rules threaten security of iPhones
By Mathieu Rosemain and Foo Yun Chee PARIS/BRUSSELS (Reuters) -Apple boss Tim Cook took aim on Wednesday at proposed European […]
U.S. lawmakers press GM CEO on California emissions, Mexico labor
By David Shepardson WASHINGTON (Reuters) – General Motors Chief Executive Mary Barra faced questions from U.S. lawmakers on Wednesday on […]
Fed signals higher rates in 2023, bond-buying taper talks as virus fades
By Howard Schneider, Ann Saphir and Jonnelle Marte WASHINGTON (Reuters) – The Federal Reserve on Wednesday began closing the door […]
Exorbitant lumber, scarce materials hampering U.S. homebuilding
By Lucia Mutikani WASHINGTON (Reuters) – U.S. homebuilding rebounded less than expected in May as very expensive lumber and shortages […]
Exclusive: Fusion SPAC aims to beat London rush with new blank-check firm – sources
By Pamela Barbaglia and Abhinav Ramnarayan LONDON (Reuters) – Fusion Acquisition Chief Executive John James is in talks to launch […]
Microsoft names CEO Satya Nadella as chairman
(Reuters) -Microsoft Corp on Wednesday named Chief Executive Officer Satya Nadella as its new chairman, in place of John Thompson. […]
Earlier Fed rate hikes will not jack up low projected borrowing costs – White House
By Andrea Shalal WASHINGTON (Reuters) – The White House on Wednesday said it did not expect the Federal Reserve’s projections […]
Wall Street closes lower as Fed officials project rate hikes for 2023
By David French (Reuters) – The three main Wall Street indexes all closed down on Wednesday, as U.S. Federal Reserve […]