Elon Musk says Tesla will spend $500 million to expand charging network
(Reuters) - Tesla will spend more than $500 million to expand its fast-charging network, CEO Elon Musk said on Friday, days after abruptly laying off employees who were running the business. "That's just on new sites and expansions, not counting op...
May 10, 2024
Exclusive-Shein steps up London IPO preparations amid U.S. hurdles to listing, sources say
By Julie Zhu, Greg Roumeliotis and Kane Wu HONG KONG/NEW YORK (Reuters) - Fast-fashion giant Shein is stepping up preparations for a London listing after its attempt to float itself in New York faced regulatory hurdles and pushback from U.S. lawmak...
May 10, 2024
Investor and philanthropist Jim Simons dies at age 86
(Reuters) - Investor and philanthropist Jim Simons has died at the age of 86 in New York City, the Simons Foundation said in a statement on Friday. (Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Shailesh Kuber)
May 10, 2024
Downside risks for Pakistan remain exceptionally high, says IMF
KARACHI, Pakistan (Reuters) - Downside risks for the Pakistani economy remain exceptionally high, the International Monetary Fund (IMF) said on Friday, in its staff report on the country, ahead of talks with the fund on a longer term progamme. An I...
May 10, 2024
Fed officials mull if rates are high enough as inflation expectations jump
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) - Debate over whether U.S. interest rates are high enough deepened among Federal Reserve officials this week, and may be stoked further after a key survey showed a jump in consumers' inflation...
May 10, 2024
McDonald's to launch $5 meal deal to lure back customers, Bloomberg News reports
(Reuters) -McDonald's is preparing to launch a $5 meal deal at its U.S. restaurants to lure more inflation-hit customers back to its chains, Bloomberg News reported on Friday, citing a person familiar with the matter. The deal could include a McChicken...
May 10, 2024
US consumer sentiment slides to six-month low in May
WASHINGTON (Reuters) - U.S. consumer sentiment sagged to a six-month low in May amid growing anxiety about inflation, unemployment and interest rates, a survey showed on Friday. The University of Michigan's preliminary reading on the overall index ...
May 10, 2024
Exclusive-Biden to put tariffs on China medical supplies - sources
By Jarrett Renshaw and Trevor Hunnicutt (Reuters) - The Biden administration is expected to issue new tariffs on Chinese-made medical devices like syringes and personal protective equipment when it unveils its new trade strategy next week, accordin...
May 10, 2024
Fed's Logan says US monetary policy may not be tight enough
By Ann Saphir NEW ORLEANS, Louisiana (Reuters) - Dallas Federal Reserve President Lorie Logan on Friday said it's not clear if monetary policy is tight enough to bring inflation down to the U.S. central bank's 2% goal, and it is too soon to be cutt...
May 10, 2024
Brazil inflation slightly exceeds forecasts in April as pace of rate cuts slows
SAO PAULO (Reuters) - Brazil's annual inflation continued to trend down but slightly less than expected in April, official data showed on Friday, in the first consumer price readings after the nation's central bank voted to reduce the pace of its i...
May 10, 2024