THE HAGUE, Netherlands (AP) — Dutch King Willem-Alexander unveiled plans Tuesday from the Dutch government to help households squeezed by rising costs, in his annual address to the nation. Inflation, energy prices and the war in Ukraine were just some of the “uncertainties” the country is facing, the monarch said in his annual speech, made…
By David French and Devik Jain (Reuters) – Wall Street fell on Tuesday as traders, already positioning for another large interest rate hike this week by the U.S. Federal Reserve, drove markets lower after a Detroit titan provided further evidence of inflation slowing down American business. The benchmark S&P 500 index has lost more than…
DETROIT (AP) — The National Transportation Safety Board is recommending that all new vehicles in the U.S. be equipped with blood alcohol monitoring systems that can stop an intoxicated person from driving. The recommendation, if enacted by the National Highway Traffic Safety Administration, could reduce the number of alcohol-related crashes, one of the biggest causes…
(Reuters) -Prolific SPAC investor Chamath Palihapitiya is winding down two of his blank-check firms after failing to find suitable merger targets within deadline, as choppy markets dampen investor sentiment for the once high-flying acquisition vehicles. Social Capital Hedosophia Holdings Corp IV and Social Capital Hedosophia Holdings Corp VI will return the funds raised to shareholders,…
By Tom Hals WILMINGTON, Del (Reuters) -Twitter Inc will question Elon Musk under oath in Delaware next week as part of the litigation in the billionaire’s bid to walk away from his $44 billion deal for the social media company. A Tuesday filing in Delaware’s Court of Chancery said Musk’s deposition is scheduled for Sept….
By Caroline Valetkevitch NEW YORK (Reuters) – Global stocks were down sharply on Tuesday while the yield on two-year U.S. Treasury notes rose to almost a 15-year high as investors prepared for the likelihood of another 75 basis point rate hike from the Federal Reserve. Sweden’s central bank raised interest rates by a larger-than-expected full…
NEW YORK (AP) — U.K. Prime Minister Liz Truss said Tuesday that she’s ready to make “unpopular decisions” such as boosting bonuses for wealthy bankers in order to get the country’s sluggish economy growing. Speaking before an emergency government budget statement on Friday, Truss said tax cuts were key to spurring economic growth, even though…
(Reuters) – Shares of Ford Motor Co fell 10% on Tuesday after the automaker flagged a bigger-than-expected $1 billion hit from inflation and pushed delivery of some vehicles to the fourth quarter due to parts shortages. “The inflationary costs are concerning as they could persist into Q4 and 2023,” Wells Fargo analyst Colin Langan said….
NEW YORK (Reuters) – Citigroup Inc introduced new diversity goals for gender, race and sexual orientation in its workforce for 2025, the bank said in a statement Tuesday. The company aims to boost global representation of women in assistant vice president (AVP) to managing director (MD) levels to 43.5% in 2025 from the current 40.6%….
BERLIN (Reuters) -The books for Volkswagen’s hotly anticipated initial public offering of Porsche AG are covered multiple times on the full size of the deal, a bookrunner involved in the listing said on Tuesday. Indicated demand for the listing, due to take place on Sept. 29 at the Frankfurt Stock Exchange, exceeds the full deal…
