By Tom Hals WILMINGTON, Del (Reuters) -Elon Musk requested a judge stay his litigation with Twitter Inc pending the receipt of financing for the $44 billion deal, which he said is expected to close on or around Oct. 28, according to a court filing. “As a result there is no need for an expedited trial…
NEW YORK (AP) — A fire broke out late Wednesday at an Amazon facility in upstate New York that’s voting in a union election next week. The fire at the warehouse, located near Albany in the town of Schodack, began around 10:50 p.m. and lasted until shortly after midnight, according to Schodack police . It’s…
WASHINGTON (AP) — More interest rate increases will be necessary to wrestle inflation under control, Federal Reserve Governor Lisa Cook said Thursday, echoing several tough speeches by other central bank officials this week. Cook said she has revised her views on inflation in the past several months and now sees it as more persistent. And…
FRANKFURT (Reuters) – German sporting goods maker Adidas on Thursday said it has put under review its business partnership with rapper and fashion designer Kanye West. “After repeated efforts to privately resolve the situation, we have taken the decision to place the partnership under review. We will continue to co-manage the current product during this…
By Julie Gordon and David Ljunggren OTTAWA (Reuters) -The Bank of Canada made clear on Thursday it will not yet be pivoting away from its current rapid pace of interest rate increases, with Governor Tiff Macklem saying there is no sign underlying inflation is easing. The central bank has hiked its policy rate by 300…
BERLIN (AP) — Germans are using too much gas to avoid a potential energy “emergency” this winter, the head of Germany’s national network regulator warned Thursday. “Gas consumption increased by too much last week,” said Klaus Mueller, head of Germany’s network agency. With the reduction in natural gas flows from Russia amid the war in…
By Pete Schroeder WASHINGTON (Reuters) – U.S. stocks were volatile Thursday as investors awaited Friday’s monthly U.S. jobs report, while oil continued to rise on announced big supply cuts from OPEC+. U.S. stocks wavered between positive and negative territory as investors grappled with murky economic data offering conflicting views on how much interest rates hikes…
FRANKFURT, Germany (AP) — Major oil-producing countries led by Saudi Arabia and Russia have decided to slash the amount of oil they deliver to the global economy. And the law of supply and demand suggests that can only mean one thing: higher prices are on the way for crude, and for the diesel fuel, gasoline…
By Laila Kearney NEW YORK (Reuters) -Oil prices held at three-week highs on Thursday after OPEC+ agreed to tighten global crude supply with a deal to cut production targets by 2 million barrel per day (bpd), the largest reduction since 2020. Brent crude futures gained 88 cents, or 0.9%, to $94.25 per barrel by 11:19…
By Ankika Biswas and Shreyashi Sanyal (Reuters) – Wall Street’s main indexes fell on Thursday on worries about persistent inflation and the Federal Reserve’s aggressive rate-hike cycle, while shares of Tesla fell on worries over funding for Elon Musk’s proposed buyout of Twitter. Before dropping, markets briefly took comfort from data which showed an increase…
