MEXICO CITY (Reuters) – The United States and Mexico are working through disputes involving American companies in the Mexican energy sector worth more than an estimated $30 billion in investment, the U.S. ambassador to the country said on Wednesday. In an interview with Reuters, Ambassador Ken Salazar said his government was making progress in resolving…
By Tom Wilson, Gertrude Chavez-Dreyfuss and Hannah Lang LONDON/NEW YORK (Reuters) -Bitcoin recovered on Wednesday after diving to an 18-month low, buoyed by the U.S. Federal Reserve’s tough stance on inflation even in the midst of a market meltdown this week after crypto lender Celsius froze customer withdrawals. The world’s largest cryptocurrency fell as much…
WASHINGTON (AP) — Record-low mortgages are long gone. Credit card rates will likely rise. So will the cost of an auto loan. Savers may finally see a noticeable return. The unusually large t hree-quarter point hike in its benchmark short-term rate that the Federal Reserve announced Wednesday won’t, by itself, have a huge effect on…
By Paul Lienert (Reuters) – General Motors will invest $81 million to build its future Cadillac Celestiq electric flagship sedan at GM’s Warren Technical Center, the company said on Wednesday. The Celestiq, which will share battery cells, motors and other components with the Cadillac Lyriq, is slated to begin production in the Detroit suburb in…
SAN FRANCISCO (AP) — Internet Explorer is finally headed out to pasture. As of Wednesday, Microsoft will no longer support the once-dominant browser that legions of web surfers loved to hate — and a few still claim to adore. The 27-year-old application now joins BlackBerry phones, dial-up modems and Palm Pilots in the dustbin of…
By Eric M. Johnson and David Shepardson EVERETT, Wash./WASHINGTON (Reuters) -Boeing Co on Wednesday said it was making progress with regulators on its 737 MAX 10 aircraft but declined to offer a clear timeline on when it expects to win approval, in a tougher regulatory climate. Boeing has a December deadline to win approval for…
By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 rose more than 1% in choppy trading on Wednesday after a policy announcement by the Federal Reserve that raised interest rates to meet market expectations as the central bank tries to fight rising inflation without tilting the economy into a recession. The Federal Reserve raised…
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks pared gains on Wednesday on the heels of a policy announcement by the Federal Reserve that raised interest rates to meet market expectations as the central bank attempts to cool rising inflation without tipping the economy into a recession. The Federal Reserve raised its target interest…
By Trevor Hunnicutt and Jarrett Renshaw WASHINGTON (Reuters) – U.S. President Joe Biden on Wednesday demanded oil refining companies explain why they are not putting more gasoline on the market, sharply escalating his rhetoric against industry as he faces pressure over rising prices. Biden wrote to executives from Marathon Petroleum Corp , Valero Energy Corp…
EVERETT, Wash. (Reuters) – Boeing on Wednesday said it was making progress but declined to offer a clear timeline when it believes it can win approval for its 737 MAX 10 as it faces a tougher regulatory climate, a company executive said on Wednesday. Boeing faces a December deadline to win approval for the 737…
