By Danilo Masoni, Bansari Mayur Kamdar and Medha Singh (Reuters) – Shares of Russia-exposed companies took a beating across U.S. and European markets on Thursday, after the country’s move to launch a full-scale invasion of Ukraine fuelled fears of tougher Western sanctions. U.S.-listed shares of Russian internet giant Yandex N.V. lost half their value, while…
WASHINGTON (AP) — Average long-term U.S. mortgage rates fell slightly this week, after rising to their highest level in three years last week. The average rate on a 30-year loan declined to 3.89% this week from 3.92% the previous week, mortgage buyer Freddie Mac reported Thursday. A year ago, the long-term rate was 2.97%. The…
San Francisco (Reuters) – The U.S. transport safety regulator said on Thursday that it has launched an investigation into 1,732,000 Honda Motor vehicles over unexpected braking activation. The National Highway Traffic Safety Administration said it has received a total of 278 complaints that allege braking incidents “occurring with nothing obstructing the vehicle’s path of travel”….
(Reuters) – Nikola Corp said on Thursday it aimed to deliver 300 to 500 Tre BEV electric trucks this year, as it works on expanding its plant in Coolidge, Arizona. The company, which was working with the U.S. Securities and Exchange Commission (SEC) to pay a $125 million penalty to settle a charge against its…
WASHINGTON (AP) — The number of Americans collecting unemployment benefits fell to a 52-year low after another decline in jobless aid applications last week. Jobless claims fell by 17,000, from 249,000 to 232,000 for the week ending Feb. 19, the Labor Department reported Thursday. The four-week average for claims, which compensates for weekly volatility, fell…
PARIS (Reuters) – Russia’s invasion of Ukraine will dominate the agenda of planned European Union finance ministers’ talks on Friday and Saturday, officials said, as the EU will try to assess how much the war on its border will hit the economy of the 27-nation bloc this year. “The Russian aggression will definitely feature prominently…
DETROIT (AP) — U.S. auto safety regulators are investigating complaints that the automatic emergency braking systems on more than 1.7 million newer Hondas can stop the vehicles for no reason. The National Highway Traffic Safety Administration says it has 278 complaints that the problem can happen in 2017 through 2019 CR-V SUVs and 2018 and…
COVID-19 vaccine sales jumped 44% for Moderna in the final quarter of 2021, and the drugmaker expects demand for booster shots to fuel more growth in 2022. Moderna said Thursday that it has signed purchase agreements for about $19 billion in sales for 2022 with options for an additional $3 billion that would cover any…
WASHINGTON (AP) — The U.S. economy ended 2021 by expanding at a brisk 7% annual pace from October through December, the government reported Thursday in a slight upgrade from its earlier estimate as businesses stepped up their restocking of supplies. For all of 2021, the nation’s gross domestic product — its total output of goods…
Russia has invaded the Ukraine. Geopolitical chaos is driving oil toward $100 a barrel. Investors have flocked into energy plays in response. Energy as a group is up 17% in 2022. The second best performer? Financials which have lost only -1.8% of its value this year. As we discussed in our January 13 article, oil is the place…
