By Svea Herbst-Bayliss (Reuters) -Melvin Capital, once one of Wall Street’s most successful hedge funds which then lost billions in the meme stock saga, will shut down after it was hit again by this year’s market slump. Gabe Plotkin, widely regarded as one of the industry’s best traders after posting years of double digit returns,…
By David Shepardson WASHINGTON (Reuters) -A U.S. auto safety agency said Wednesday it has opened an investigation into a fatal crash involving a Tesla vehicle in California this month that resulted in three deaths and could have been caused by its advanced driver assistance system. The crash, involving a 2022 model Tesla Model S that…
By Tetsushi Kajimoto TOKYO (Reuters) – More than 60% of Japanese companies want the central bank to end its policy of massive monetary easing this fiscal year due to pain from the weak yen, with roughly a quarter calling for it to take action now, a Reuters survey shows. Less than a year ago, Japan…
(Reuters) – The New York Times Co said on Wednesday it is pausing its plan to ask employees to return to office as COVID-19 cases rise in the United States. Employees of the company, headquartered in New York City, were previously set to return to office in June. The United States is averaging nearly 97,000…
OMAHA, Neb. (AP) — A federal appeals court has ruled that details of some of the conversations between the nation’s four largest railroads about their rates can now be included in lawsuits challenging billions of dollars they charged their customers, but the mixed ruling will also exclude some documents. The ruling from the District of…
NEW YORK (AP) — The bear came close to Wall Street but then backed off. The stock market’s slump this year briefly pulled the S&P 500 into what’s known as a bear market Friday, before a late rally put the index in the green. The prevailing sentiment among investors remains negative, however, so the relief…
By Liz Hampton and Sabrina Valle (Reuters) – Top U.S. energy companies Chevron and Schlumberger have withdrawn an application to capture carbon dioxide emissions and store them deep underground in central California, spokespeople said on Wednesday, putting the clean-energy project on hold after U.S. environmental regulators questioned it. Burying industrial gases has become a focus…
By Daina Beth Solomon MEXICO CITY (Reuters) – U.S. labor officials on Wednesday asked Mexico to probe whether workers at a Panasonic auto parts factory were denied labor rights, marking the third U.S. labor complaint under a new trade deal that aims to improve workplace conditions in Mexico. The request from the U.S. Trade Representative…
DETROIT (AP) — The U.S. government’s road safety agency has dispatched a team to investigate the possibility that a Tesla involved in a California crash that killed three people was operating on a partially automated driving system. The National Highway Traffic Safety Administration on Wednesday confirmed that it had sent a special crash investigation team…
(Reuters) – Under Armour Inc said on Wednesday Patrik Frisk would step down from his role as president and chief executive officer, effective June 1. Shares of the Baltimore-based company fell 2.2% in extended trade. The apparel maker named Chief Operating Officer Colin Browne as its interim CEO, while it searches for a permanent replacement….
