By David Lawder WASHINGTON (Reuters) -The Biden administration is considering a new China tariff probe if current talks fail to persuade Beijing to follow through on its promised purchases of U.S. goods, energy and services, officials from the largest U.S. business lobbying group said on Wednesday. The administration is also considering other options, including working…
(Reuters) – Most of Wells Fargo & Co’s employees, including those in customer-facing roles, will return to their offices on March 14 and work under a hybrid flexible model, according to a company memo seen by Reuters on Wednesday. (Reporting by Sohini Podder in Bengaluru; Editing by Anil D’Silva)
WASHINGTON (Reuters) – Ford Motor Co said on Wednesday that an interruption to traffic at a key U.S.-Canadian bridge, as a result of demonstration against coronavirus mandates, has hurt production at some of the second largest U.S. automaker’s plants in Canada. “While we continue to ship our current engine inventory to support our U.S. plants,…
By Helen Coster and Eva Mathews (Reuters) -Walt Disney Co’s Disney+ subscriber growth restored faith in the future of streaming video and came on top of strong demand at U.S. theme parks, lifting shares 8% after hours Wednesday. Speaking on CNBC Wednesday, Disney Chief Executive Bob Chapek reaffirmed the Disney+ subscriber target of 230 million…
(Reuters) – Walt Disney Co on Wednesday beat estimates for first-quarter revenue, as its theme parks business rebounded during the holiday season, while its streaming division recorded strong subscriber growth. Shares of the company rose 9% in extended trading. For much of the pandemic, the company’s two-year-old streaming service, Disney+, drove its business when its…
By Ron Bousso and Nerijus Adomaitis LONDON (Reuters) – Consumers should brace for years of high energy prices, heads of top oil and gas companies said, in what would pile pressure on governments struggling with spiralling inflation. Oil and gas prices have rocketed in recent months as a result of a rapid recovery in global…
By David Gaffen NEW YORK (Reuters) -Oil prices rallied on Wednesday after U.S. crude inventories dropped by nearly 5 million barrels and fuel demand rose to an all-time high, underscoring the market’s ongoing tightness. Brent crude futures settled up 77 cents, or 0.9%, to $91.55 a barrel. U.S. West Texas Intermediate crude (WTI) <CLc1> ended…
By Julie Gordon and David Ljunggren OTTAWA (Reuters) -Canada’s economy does not need more stimulus, but rather more investment from both government and businesses to build up supply capacity to meet strong consumer demand, Bank of Canada Governor Tiff Macklem said on Wednesday. Macklem, when asked in an audience Q&A session if government should be…
(Reuters) – The Federal Reserve Bank of Boston on Wednesday named University of Michigan provost Susan Collins as its next chief, making her the first Black woman to lead a regional Fed bank. Collins will start her job on July 1, the Boston Fed said in a statement. She would succeed longtime president Eric Rosengren,…
By David Gaffen NEW YORK (Reuters) -Oil prices were little changed on Wednesday, paring gains after spiking earlier on data showing U.S. inventories dropped by nearly 5 million barrels and demand rose to an all-time high. Brent crude futures gained 49 cents, or 0.5%, to $91.27 a barrel by 1:41 p.m. EST (1841 GMT). U.S….
