By Daniel Wiessner (Reuters) – Tesla Inc has asked a California judge to pause a state agency’s lawsuit that accuses the electric car maker of widespread race discrimination at its flagship assembly plant, saying the state must further investigate the claims and allow a chance to settle the litigation. Tesla in a filing in state…
By Samuel Indyk and Pete Schroeder LONDON/WASHINGTON (Reuters) -Wall Street opened higher on Tuesday and bond yields continued to swing upward as Russia’s invasion of Ukraine weighed on global growth expectations and looming Fed tightening kept investors on edge. The International Monetary Fund slashed its forecast for global economic growth by nearly a full percentage…
By Hyunjoo Jin and Nivedita Balu SAN FRANCISCO (Reuters) -Tesla investors on Wednesday will be keeping an eye on whether the electric car company maintains its ambitious 2022 delivery target as the biggest factory, Shanghai, grapples with a COVID-19 shutdown and new plants slowly ramp up output. Tesla reports quarterly results and analysts are also…
Moderna hopes to offer updated COVID-19 boosters in the fall that combine its original vaccine with protection against the omicron variant. On Tuesday, it reported a preliminary hint that such an approach might work. Today’s COVID-19 vaccines all are based on the original version of the coronavirus. But the virus continues to mutate, with the…
NEW YORK (AP) — The New York Times has named Joseph Kahn as its new executive editor, replacing Dean Baquet with his current second-in-command to lead the news organization as it rapidly transforms itself in the digital age. Kahn, who has been managing editor at the Times since 2016, will take over on June 14….
Johnson & Johnson is suspending sales forecasts for its COVID-19 vaccine only a few months after saying the shot could bring in as much as $3.5 billion this year. A global supply surplus and uncertainty about future demand — fueled in part by vaccine hesitancy in some developing markets — prompted the change, J&J said…
WASHINGTON (AP) — The International Monetary Fund on Tuesday downgraded the outlook for the world economy this year and next, blaming Russia’s war in Ukraine for disrupting global commerce, pushing up oil prices, threatening food supplies and increasing uncertainty already heightened by the coronavirus and its variants. The 190-country lender cut its forecast for global…
By Sruthi Shankar (Reuters) -Wall Street was set to open flat on Tuesday as Treasury yields hit new highs on expectations of aggressive interest rate hikes, while investors awaited more earnings reports to assess the impact of inflation and the Ukraine war on company profits. St. Louis Federal Reserve Bank President James Bullard on Monday…
(Reuters) -Blackstone Inc will buy American Campus Communities Inc for $12.8 billion including debt, the student housing company said on Tuesday, as the world’s biggest alternative asset manager bets on rents rising after colleges reopen. ACC owns 166 properties across 71 university markets including Arizona State University and the University of Texas at Austin. The…
By Joice Alves LONDON (Reuters) – The dollar rose on Tuesday to a fresh 20-year high against the Japanese yen and tested a two-year peak against the euro, supported by high U.S. Treasury yields. Ten-year U.S. inflation-linked bond yields are within touching distance of turning positive for the first time in two years. The dollar…
