By Yousef Saba and Rachna Uppal DUBAI (Reuters) – Lucid’s electric vehicles are often displayed prominently at public events and financial conferences in Saudi Arabia to symbolise its crown prince’s multi-billion dollar “Vision 2030”. The electric car maker is among the biggest U.S. investments by Saudi Arabia’s Public Investment Fund (PIF) which has been tasked…
By Chris Taylor NEW YORK (Reuters) – Whether they actively teach us about finances, or we just observe how they handle the business of life, mothers can have a massive influence on our financial lives. For Mother’s Day, we asked a few business leaders about the best money advice they ever got from their moms….
By Jarrett Renshaw and Timothy Gardner WASHINGTON (Reuters) -The White House on Wednesday called on Congress to pass permitting legislation that would help speed up clean energy and fossil fuel projects, betting that the bipartisan measure may help end a standoff on the debt ceiling. The renewed push on permitting reform comes the day after…
By Patricia Zengerle WASHINGTON (Reuters) – U.S. Senate Democrats released a letter from Secretary of Defense Lloyd Austin on Wednesday saying a Republican’s decision to hold military nominations harms national security, intensifying a dispute over the military’s abortion policy. Republican Senator Tommy Tuberville has been blocking more than 150 military nominations from moving forward for…
By Daniel Wiessner (Reuters) – A Black former Tesla Inc factory worker has accused the electric automaker’s lawyers of “egregious misconduct” after a jury awarded him $3.2 million in a race bias case, and asked for a third trial so he can seek more money. Lawyers for plaintiff Owen Diaz said in a filing in…
By Davide Barbuscia NEW YORK (Reuters) -The cost of insuring exposure to U.S. government debt rose to fresh highs on Wednesday, as President Joe Biden and top lawmakers remained deadlocked in talks over raising the $31.4 trillion federal borrowing limit. Spreads on U.S. one-year credit default swaps (CDS) – market-based gauges of the risk of…
By Mike Scarcella (Reuters) – Caesars Entertainment Inc, MGM Resorts International and other casino-hotel operators in Atlantic City, New Jersey, have been sued by consumers in a proposed class action accusing them of artificially boosting room rental rates in violation of U.S. antitrust law. The 109-page lawsuit filed on Tuesday also named Hard Rock International…
NEW YORK (Reuters) – North American coffee shop chain Tim Hortons will enter the retail market in South Korea later this year, its parent company Restaurant Brands International said in a statement on Wednesday. The company said the new stores in the Asian country, one of the fastest growing coffee markets in the world, would…
By Jonathan Stempel and Jack Queen NEW YORK (Reuters) -Former Elle magazine advice columnist E. Jean Carroll said on Wednesday she felt “fantastic” after a jury a day earlier found Donald Trump liable for sexually abusing and defaming her, and awarded her $5 million in damages in her civil lawsuit against the former U.S. president….
By YP Rajesh NEW DELHI (Reuters) – India’s ruling Bharatiya Janata Party (BJP) is trailing the main opposition Congress party in elections held on Wednesday in the southern state of Karnataka, but neither seemed set for a clear win, TV exit polls showed. The election in Karnataka, where BJP led the outgoing government, is the…
