By David Shepardson WASHINGTON (Reuters) – An auto trade group warned on Tuesday that aggressive U.S. targets for reductions in vehicle emissions may rely on a too rapid transition to electric vehicles (EVs) and pose significant challenges with manufacturing and supply chains. The U.S. Environmental Protection Agency (EPA) has proposed sharp emissions cuts that it…
SHAKAHOLA FOREST, Kenya (Reuters) -Kenyan investigators exhumed 21 more bodies on Tuesday as they resumed a search for followers of a doomsday cult, who the interior minister described as victims of a “highly organised crime”. Paul Mackenzie, leader of the Good News International Church, is in custody accused of ordering followers to starve their children…
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) – (This May 8 story has been corrected to say that Yahlin Chang is the co-showrunner and executive producer of ‘The Handmaid’s Tale’, and not co-executive producer and writer, in paragraph 2, and to change the description of ‘American Born Chinese’ in paragraph 13) Writing for…
By Steve Holland WASHINGTON (Reuters) – President Joe Biden and top lawmakers failed to break a deadlock on Tuesday in face-to-face talks over raising the $31.4 trillion U.S. debt limit but vowed to meet again with just three weeks before the country may be forced into an unprecedented default. After about an hour of talks…
By Sabrina Valle and Sourasis Bose HOUSTON (Reuters) -U.S. oil and gas producer Occidental Petroleum Corp on Tuesday reported a 48% decline in first-quarter earnings that fell well short of analyst estimates as global economic growth concerns led to a decline in oil prices. Global energy prices in the quarter pulled back from last year’s…
By Tiyashi Datta and Abhirup Roy (Reuters) -EV makers Fisker Inc, Nikola Corp and Lucid Group disappointed investors with dull quarterly results and production target cuts, sending their shares lower on Tuesday and deepening worries about weak demand and an ongoing price war. EV market leader Tesla Inc’s move to slash prices and increase volume,…
By Saeed Azhar and Jonathan Stempel NEW YORK (Reuters) – Goldman Sachs Group Inc agreed to pay $215 million to settle a class action alleging widespread bias against women in pay and promotions, ending one of the highest-profile lawsuits claiming unequal treatment of women on Wall Street. The settlement disclosed on Monday covers about 2,887…
By Chavi Mehta (Reuters) -Videogame publisher Electronic Arts Inc beat fourth-quarter booking estimates on Tuesday as gamers stuck with familiar titles such as “FIFA” and “Madden NFL”, sending the company’s shares up about 3% after the bell. Elevated levels of inflation have forced gamers to get picky with the titles they choose to buy, with…
(Reuters) -SVB Financial Group will not be able to meet the U.S. Securities and Exchange Commission’s deadline for reporting its quarterly results, the bankrupt parent of Silicon Valley Bank disclosed in a filing on Tuesday. On March 17, the company had filed for a court-supervised reorganization under Chapter 11 bankruptcy protection to seek buyers for…
By Chibuike Oguh and Medha Singh (Reuters) -PacWest Bancorp shares regained earlier session losses on Tuesday as investor uncertainty about the financial health of U.S. regional banks underpinned skittish trading in their stocks. PacWest rose 2.3% after losing as much as 10% earlier in the day following a decision by the Los Angeles-based lender to…
