By Ross Kerber and Hyunjoo Jin (Reuters) -An S&P Dow Jones Indices executive told Reuters on Wednesday it has removed electric carmaker Tesla Inc from the widely followed S&P 500 ESG Index because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles, and Tesla CEO Elon Musk responded with harsh…
SAN FRANCISCO (Reuters) -Tesla Inc CEO Elon Musk said on Wednesday that while he voted for Democrats in the past, he will now vote for Republicans. “In the past I voted Democrat, because they were (mostly) the kindness party. But they have become the party of division & hate, so I can no longer support…
A state agency in New York has filed an administrative complaint against Amazon, alleging the e-commerce giant discriminated against pregnant and disabled workers by denying reasonable accommodations and forcing them to take unpaid leave, Gov. Kathy Hochul announced Wednesday. Amazon has more than 39,000 workers across New York in nearly two dozen worksites, which employ…
By Ross Kerber and Hyunjoo Jin (Reuters) -S&P Dow Jones Indices has removed electric carmaker Tesla Inc from its widely-followed S&P 500 ESG Index, citing issues, including racial discrimination claims and crashes linked to its autopilot vehicles, a move that prompted harsh tweets from Tesla CEO Elon Musk on Wednesday. The back-and-forth underscores the widening…
By Aishwarya Venugopal and Uday Sampath Kumar (Reuters) -Target Corp’s quarterly profit halved and it warned on Wednesday of a bigger margin hit this year due to rising fuel and freight costs, in a clear sign there would be no immediate relief for U.S. retailers from surging inflation. Shares tumbled 26% following the bleak results…
LONDON (AP) — Google says its Russian subsidiary is planning to file for bankruptcy because it can’t pay staff and suppliers. Russian state media reported Wednesday that the U.S. tech company’s Russian subsidiary, Google LLC, submitted notice of its intention to declare bankruptcy to a national registry, Fedresurs. The company said in a press statement…
By Sinéad Carew (Reuters) – Wells Fargo Investment Institute said on Wednesday it reduced its economic expectations with a mild U.S. recession now on the horizon in its base case scenario for the end of 2022 and early 2023, making it one of the more bearish big U.S. banks. Goldman Sachs, by comparison, recently calculated…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices fell over 2% on Wednesday, reversing early gains as traders grew less worried about a supply crunch after government data showed U.S. refiners ramped up output, and as crude futures followed Wall Street lower. Brent crude was down $2.68, or 2.4%, at $109.5 a barrel at 1:30 p.m….
(Reuters) – Wall Street’s stock indexes tumbled as much as 3% on Wednesday as a growth share rally reversed amid concerns about economic growth highlighted by a 26% plunge in Target Corp shares after the retailer became the latest victim of surging prices. Target’s first-quarter profit halved and the company warned of a bigger margin…
By Lucia Mutikani WASHINGTON (Reuters) – Permits for future U.S. homebuilding tumbled to a five-month low in April, suggesting the housing market was slowing as rising mortgage rates contribute to reduced affordability for entry-level and first-time buyers. But the report from the Commerce Department on Wednesday also showed a record backlog of houses still to…
