(Reuters) -Australia’s Macquarie Group said on Tuesday a strong performance in its markets-facing businesses helped drive a record third quarter, with the financial conglomerate flagging a significant rise in commodities income this year. The world’s top infrastructure investor, which does not disclose profit figures in quarterly updates, said the net profit contribution from its commodities,…
NEW YORK (AP) — Late last year, autonomous vehicle startup Gatik announced a big step: It eliminated the safety operator from behind the wheel of two self-driving trucks as part of its partnership with discounter Walmart. Now, the Mountain View, California firm is looking to speed up the process of fully driverless truck operations in…
WASHINGTON (AP) — The Biden administration is raising red flags about 33 Chinese companies whose legitimacy it cannot verify, imposing new restrictions on their ability to receive shipments from U.S. exporters and requiring extra diligence from American companies that want to do business with them. The Commerce Department said Monday that it was adding the…
SACRAMENTO, Calif. (AP) — When Crystal Orozco got sick with the coronavirus last month, she missed nearly two weeks’ worth of her salary as a shift leader at a fast food restaurant and had to ask family members for a loan to help pay her rent. “My check was literally $86,” she said. “I was…
(Reuters) – Facebook-parent Meta Platforms Inc said on Monday that billionaire investor Peter Thiel, who has been on the company’s board since 2005, has decided to retire. Thiel, one of the social network’s earliest investors, will serve as a director until Meta’s annual shareholder meeting but will not to stand for re-election, the social media…
By Bansari Mayur Kamdar and Noel Randewich (Reuters) – Wall Street ended lower on Monday, as investors digested recent quarterly results from Facebook owner Meta Platforms and other megacaps, while Peloton jumped following reports of interest from potential buyers, including Amazon. Meta Platforms fell 5.1%, adding to losses after its bleak forecast last week caused…
(Drops inaccurate reference to Crescent Point being an oil sands company in last paragraph) By Shariq Khan (Reuters) – Canadian oil and gas producer Crescent Point Energy Corp is looking to sell some of its assets in Alberta and Saskatchewan that could fetch around C$500 million ($394 million), according to an industry source and marketing…
NEW YORK (AP) — Many of the world’s largest companies are failing to take significant enough steps to meet their pledges to vastly reduce the impact of their greenhouse gas emissions in the decades ahead. That’s the conclusion of a new report by the NewClimate Institute, an environmental organization that works to combat global warming….
By Herbert Lash NEW YORK (Reuters) -The dollar and the euro both eased on Monday after European Central Bank President Christine Lagarde calmed market expectations of a quick hike in interest rates that pushed regional bond yields in Europe up to multi-year highs. There is no need for big monetary policy tightening in the euro…
WASHINGTON (Reuters) -Democrats in the U.S. House of Representatives on Monday introduced legislation to temporarily fund federal government programs through March 11 and avoid partial agency shutdowns on Feb. 18 when existing funds expire. The move would give Democratic and Republican negotiators more time to work out funding for the remainder of the fiscal year…
