(Reuters) – German carmaker Mercedes-Benz said on Thursday that the state of Nevada has approved its application to deploy advanced automated driving systems on its roads. The company said the Nevada Department of Motor Vehicles approved its application and is preparing the certificate of compliance that will be issued within the next two weeks. The…
By Marc Jones and Koh Gui Qing NEW YORK (Reuters) – U.S. stocks sank on Thursday and brought to a halt a global rally in global stocks, as upbeat American jobs data after the Federal Reserve’s firm message that it won’t be cutting interest rates any time soon offset China’s latest reopening plans. News that…
(Reuters) -Kenneth Griffin’s Citadel marked record revenues in its hedge fund and electronic-trading businesses for 2022 despite turmoil in global capital markets, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The hedge fund operation made about $28 billion in revenue, while Citadel Securities, one of the world’s biggest electronic-trading firms,…
(Reuters) – Cryptocurrency lender Genesis has cut 30% of its workforce in a second round of layoffs in less than six months, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The company did not immediately respond to Reuters request for comment. The crypto firm’s lending arm, Genesis Global Capital, froze…
By Raghav Mahobe and Aditya Samal (Reuters) – Walgreens Boots Alliance said on Thursday it will not strike new deals in the short term after a spate of acquisitions in recent years, as it focuses on ramping up sales at its newer healthcare business. The company, one of the largest U.S. pharmacies, has been looking…
By Amruta Khandekar and Ankika Biswas (Reuters) – Wall Street’s main indexes fell sharply on Thursday as fresh evidence of a tight labor market and hawkish comments from policymakers deepened fears of elevated interest rates for longer than expected. Most big technology and other growth stocks like Alphabet Inc and Microsoft Corp fell more than…
By Alex Lawler LONDON (Reuters) -Oil steadied on Thursday in volatile trade after posting the biggest two-day loss for the start of a year in three decades with the shutdown of a U.S. fuel pipeline providing support and economic concerns capping gains. Big declines in the previous two days were driven by worries about a…
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits dropped to a four-month low last week while layoffs fell 43% in December, pointing to tight labor market that could require the Federal Reserve to keep hiking interest rates. Initial claims for state unemployment benefits decreased 19,000 to a seasonally adjusted 204,000…
(Reuters) – Drugstore chain Walgreens Boots Alliance Inc reported a net quarterly loss on Thursday as it took a $6.5 billion opioid litigation charge, sending its shares down nearly 2% in premarket trade. Walgreens and rivals CVS Health Corp and Walmart Inc in November last year agreed to pay about $13.8 billion to resolve thousands…
By Joseph White LAS VEGAS (Reuters) – Chinese automakers can build an electric vehicle (EV) for 10,000 euros ($10,618) less than European automakers, an overwhelming cost advantage that will put pressure on European manufacturers in their home market, the head of auto supplier Forvia said. As European consumers seek cheap EVs, Forvia Chief Executive Patrick…
