By Leika Kihara TOKYO (Reuters) – The Bank of Japan is set to keep ultra-low interest rates and dovish guidance next week, signalling its resolve to hold off on withdrawing stimulus until it clearly sees that the economy can withstand a hit from slowing global growth. The decision will follow the U.S. Federal Reserve’s latest…
(Reuters) – The California Energy Commission on Wednesday approved a $2.9 billion investment plan to accelerate the state’s 2025 electric vehicle (EV) charging and hydrogen refueling goals. The investment will result in 90,000 new EV chargers across the state, more than double the 80,000 chargers already installed, the energy commission said. Combined with funding from…
(Reuters) -Tesla Inc Chief Executive Officer Elon Musk has sold 22 million shares worth $3.58 billion in the electric-vehicle maker, a U.S. securities filing showed on Wednesday. The latest sale brings the total Tesla stocks sold by Musk to nearly $40 billion over the past year. Tesla did not immediately respond to a Reuters request…
By Nia Williams and Rod Nickel (Reuters) -One week after Canada’s Keystone pipeline spilled more than 14,000 barrels of oil in rural Kansas in the United States, the cause is still unknown, according to regulators. The 622,000 barrel-per-day pipe has been shut since last Wednesday, when a leak was discovered. Oil sprayed nearby pastures and…
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla shares extended declines to hit their lowest level in more than two years on Wednesday, as investors including a “fanboy” of CEO Elon Musk lashed out at Musk’s distraction from the electric car company following his buy of Twitter. Shares of Tesla, the world’s most valuable carmaker,…
OMAHA, Neb. (AP) — Federal regulators and shippers are questioning Union Pacific’s decision to temporarily limit some businesses’ shipments as part of its effort to clear up congestion across the railroad. The head of the U.S. Surface Transportation Board, Martin Oberman, said Wednesday he’s concerned about Union Pacific’s increasing use of the embargoes because they…
By Andy Bruce MANCHESTER, England (Reuters) – A ninth interest rate hike in a row by the Bank of England looks to be a foregone conclusion on Thursday and investors will be looking for clues on how many more will be needed with the economy sliding into recession but inflation still above 10%. The Monetary…
By Luc Cohen and Chris Prentice NEW YORK (Reuters) – When he took office as the top federal prosecutor in Manhattan in late 2021, Damian Williams pledged to prioritize “rooting out corruption in our financial markets.” Now, with the fraud charges filed earlier this week against Sam Bankman-Fried, the founder of the bankrupt FTX exchange,…
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks closed lower in volatile trading on Wednesday following a policy announcement by the Federal Reserve that raised interest rates by an expected 50 basis points, but its economic projections see higher rates for a longer period. The central bank raised interest rates by half a percentage…
BOSTON (AP) — A hacker who reportedly posed as the CEO of a financial institution claims to have obtained access to the more than 80,000-member database of InfraGard, an FBI-run outreach program that shares sensitive information on national security and cybersecurity threats with public officials and private sector actors who run U.S. critical infrastructure. The…
