By Hyunjoo Jin, David Shepardson and Abhirup Roy (Reuters) -Ford Motor Co said on Thursday it has agreed with Tesla Inc to allow its electric vehicle owners to gain access to more than 12,000 Tesla Superchargers in North America in early 2024. The tie-up between the rivals makes Ford the first major automaker to embrace…
By Noel Randewich and Shreyashi Sanyal (Reuters) – Wall Street ended sharply higher on Thursday after a blowout forecast from Nvidia sent the chipmaker’s stock soaring and fueled a rally in AI-related companies, while investors watched for signs of progress in U.S. debt ceiling talks. Nvidia Corp soared 24% to a record high close after…
By David Shepardson (Reuters) -Volkswagen and its Audi unit have agreed to an $85 million settlement in principle over violations of Texas environmental laws stemming from its diesel cheating scandal, Texas Attorney General Ken Paxton said on Thursday. The settlement stipulates that the German automakers pay a civil penalty of $85 million for their unlawful…
By David Lawder DETROIT (Reuters) – U.S. Trade Representative Katherine Tai on Thursday called on Asia Pacific Economic Cooperation (APEC) trade ministers to “think creatively” for solutions to overcome a host of challenges from fragile supply chains, a worsening climate crisis and growing inequality. Launching a two-day meeting of the ministers under a cloud of…
SYDNEY (Reuters) – Consumer confidence in New Zealand was flat in May compared with the prior month and remained very subdued as consumers remained under pressure amid high inflationary pressures, ANZ-Roy Morgan data showed on Friday. The consumer confidence index slightly fell to 79.2 in May from April’s 79.3. A reading above 100 shows optimism,…
By John McCrank, Laura Matthews and Michelle Price WASHINGTON (Reuters) – Clearing houses and their members are working out how to treat certain U.S. Treasury bills and bonds commonly used as collateral, as the United States nears a deadline that could see it default on its debt, according to four industry sources. U.S. President Joe…
BRASILIA (Reuters) -Brazilian central bank chief Roberto Campos Neto said on Thursday that a fiscal framework bill approved a day earlier by the country’s lower house has had a positive impact on inflation forecasts and long-term interest rates. Brazil’s lower house passed the bill on Wednesday and sent it to the Senate, a major victory…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian stocks could be poised to end a volatile and dramatic week on a strong note on Friday, especially tech, lifted by the Nasdaq’s best day in three weeks on Thursday and hope that U.S. lawmakers are close…
By Aditya Soni (Reuters) -Nvidia Corp surged 24% on Thursday in one of the largest one-day gains in value for a U.S. stock, after its stellar revenue forecast showed that Wall Street has yet to price in the game-changing potential of AI. The surge more than doubled the stock’s value for this year and increased…
By Patricia Zengerle WASHINGTON (Reuters) – A Republican senator’s hold on military nominations will apply to Democratic President Joe Biden’s selection of Air Force chief General Charles Q. Brown as the country’s top military officer, who was chosen amid mounting U.S. concern over security threats from Russia and China. A spokesman for Senator Tommy Tuberville…
