BEIJING(Reuters) – New home prices in China fell for the third straight month in September as a mortgage boycott across the country and a slowing economy discouraged potential home buyers, a private survey showed on Saturday. China’s property market crisis worsened this summer, with official data showing home prices, sales and investment all falling in…
MEXICO CITY (AP) — A massive trove of emails from Mexico’s Defense Department is among electronic communications taken by a group of hackers from military and police agencies across several Latin American countries, Mexico’s president confirmed Friday. The acknowledgement by President Andrés Manuel López Obrador comes after Chile’s government said last week that emails had…
By Hyunjoo Jin SAN FRANCISCO (Reuters) -Tesla CEO Elon Musk said on Friday the electric vehicle maker’s eagerly anticipated humanoid robot ‘Optimus’ would cost under $20,000 and cautioned it still had way to go before becoming fully functional. “There’s still a lot of work to be done to refine Optimus and prove it,” Musk told…
By Hyunjoo Jin SAN FRANCISCO (Reuters) -Tesla CEO Elon Musk showcased his much-touted humanoid robot ‘Optimus’ at the electric vehicle maker’s “AI Day” event on Friday. The billionaire has said a robot business will be worth more than its cars, hoping to expand beyond self-driving cars that have not yet become a reality despite his…
SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom on Friday announced that oil refineries could start selling more polluting winter-blend gasoline ahead of schedule to ease soaring fuel prices, directly contradicting his own goals for reducing climate pollutants. The average cost of a gallon of gas was $6.30 in California on Friday, far above the…
Crews are beginning to repair — and in some cases, rebuild — Florida’s power grid after the state was pummeled by Hurricane Ian. Florida Power & Light says it stockpiled enough poles, generators and wire to do the work. But power-industry officials warn that kinks in the nation’s supply chain could slow the recovery if…
(Reuters) -Walt Disney Co on Friday announced a truce with activist investor Third Point, saying it would appoint tech and media veteran Carolyn Everson to the board with the support of the shareholder. The hedge fund, led by billionaire investor Daniel Loeb, said in August it planned to push the entertainment and media conglomerate to…
(Reuters) – Patrick Orlando, the head of the blank-check acquisition firm that has agreed to take Donald Trump’s social media company public, on Friday urged Donald Trump and Trump Media boss Devin Nunes to promote an upcoming vote to extend the merger deadline. The shell company, Digital World Acquisition Corp, earlier this month failed to…
By John McCrank NEW YORK (Reuters) – The former chief risk officer of defunct investment adviser Infinity Q Capital Management LLC agree to settle charges of misconduct related to a fraudulent scheme to inflate the value of assets the firm advised by more than $1 billion, securities regulators said on Friday. Scott Lindell failed to…
By Saqib Iqbal Ahmed and Lewis Krauskopf NEW YORK (Reuters) -In a year of wild market swings, the third quarter of 2022 was a time when events took a truly extraordinary turn. As the Federal Reserve ratcheted up its monetary policy tightening to tame the worst inflation in decades, U.S. Treasury yields shot to their…
