TAIPEI (Reuters) – The United States and Taiwan on Wednesday agreed to start trade talks under a new initiative, saying they wanted to reach agreements with “economically meaningful outcomes”, in another sign of stepped up U.S. support for the island. Washington and Taipei unveiled the U.S.-Taiwan Initiative on 21st-Century Trade in June, just days after…
By Tom Westbrook SINGAPORE (Reuters) – The dollar was on the front foot on Thursday after minutes from the Federal Reserve’s July meeting pointed to U.S. interest rates staying higher for longer to bring down inflation. The greenback gained most against the Antipodeans, especially the Aussie, which was dragged down as weaker-than-expected wage growth weighed…
By Katanga Johnson and Michelle Price WASHINGTON (Reuters) – While the U.S. securities regulator is likely to examine Elon Musk’s tweet in which he joked about buying New York-listed soccer club Manchester United, legal experts say that on its face the crack is unlikely to land him in hot water. Musk, the world’s richest person,…
NEW YORK (AP) — Amazon appears to be getting the TikTok bug, joining other companies seeking to hold consumers’ attention by introducing replicas of the popular social platform. The e-commerce giant has been testing a feed on its app that enables shoppers to scroll through TikTok-like photos and videos of products posted by other users….
PONTIAC, Mich. (AP) — Thundering gas-powered muscle cars, for decades a fixture of American culture, will be closing in on their final Saturday-night cruises in the coming years as automakers begin replacing them with super-fast cars that run on batteries. Stellantis’ Dodge brand, long the performance flag-bearer of the company formerly known as Fiat Chrysler,…
By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen has directed the head of the Internal Revenue Service to produce a detailed plan for deploying $80 billion in newly enacted enforcement funding within six months, an internal Treasury memo showed on Wednesday. Yellen wrote in the memo to IRS Commissioner Charles Rettig, reviewed…
WASHINGTON (AP) — Arizona and Nevada residents won’t face bans on watering their lawns or washing their cars despite more Colorado River water shortages. But U.S. officials announced Tuesday there will be less water available next year for them from the river that serves 40 million people in the West and Mexico and a farm…
NEW YORK (AP) — The CEO of Bank of America said the recent debate over whether the U.S. economy is technically in a recession or not is missing the point. What matters is that current economic conditions are negatively impacting those who are most vulnerable. “Recession is a word. Whether we are in a recession…
(Reuters) – Auckland International Airport Ltd on Thursday posted a second straight year of loss but said it would return to profit in 2023 as air travel demand picks up pace and New Zealand loosened its border curbs on lower COVID-19 cases. New Zealand’s biggest airport operator expects an underlying profit after tax in the…
NEW YORK (AP) — After a quiet first half of 2022, the meme stock is back. Beyond and back, in fact. Shares in Bed Bath & Beyond jumped 25% Wednesday on huge trading volume, and the mall-based home goods retailer’s stock has nearly quintupled in a little more than two weeks. If the stock’s price…
