BRASILIA (Reuters) – President Luiz Inacio Lula da Silva’s first nominees for top positions in Brazil’s central bank will not be involved in the upcoming interest rate decision on June 21 because their names will not be submitted for necessary approval by the Senate until the following week. The Senate’s Economic Affairs Committee announced on…
By David Shepardson and Joseph White (Reuters) -General Motors will join Ford in adopting Tesla’s North American charging plug standard and give GM electric-vehicle buyers access to the Tesla Supercharger network under an agreement announced on Thursday. GM’s move, which follows a similar decision by Ford to embrace Tesla’s charging plug standard, means three of…
By Nandita Bose and Trevor Hunnicutt WASHINGTON (Reuters) -President Joe Biden warned Thursday about “ugly” attacks from “hysterical” people who are targeting LGBTQ+ Americans, as he announced new measures intended to curb book bans and rising hate crimes. “We have some hysterical and, I would argue, prejudiced, people” engaged in targeting LGBTQ people, Biden said….
By Shristi Achar A and David Carnevali (Reuters) – U.S. stocks closed higher on Thursday regaining some of their momentum thanks to a rebound by technology stocks, while volatility dropped to record lows ahead of an eventful economic and policy calendar next week. The CBOE Volatility index, also known as Wall Street’s fear gauge, dropped…
By Aishwarya Nair and Bianca Flowers (Reuters) -Motorcycle maker Harley-Davidson has temporarily halted production at its York, Pennsylvania, assembly plant for the second time in just over 12 months due to a parts shortage, the company said. Production at the facility, its largest with nearly 1,000 union employees, will resume on June 13, it noted…
(Reuters) – Twenty-one teenagers from a church group were injured on Thursday when a section of wooden walkway at a Texas beach park collapsed, officials said. Five of the injured were taken to hospital by helicopter, six by ambulance and 10 by private vehicle, a Brazoria County statement said. “No individuals have life-threatening injuries. The…
By Steve Scherer and David Ljunggren OTTAWA (Reuters) – The Bank of Canada lifted rates after a four-month pause because of surprisingly strong household spending and high core inflation, a senior official said on Thursday, but gave no clues as to whether another hike was coming soon. The central bank lifted its overnight rate to…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A big dollar fall, historically low volatility, lower bond yields, and Wall Street on the march with the S&P 500 joining the Nasdaq in bull market territory – Thursday’s global market moves augur well for a strong end…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A big dollar fall, historically low volatility, lower bond yields, and Wall Street on the march with the S&P 500 joining the Nasdaq in bull market territory – Thursday’s global market moves augur well for a strong end…
By Hannah Lang WASHINGTON (Reuters) -Other U.S. crypto exchanges are likely to be in the firing line after the Securities and Exchange Commission (SEC) this week sued Coinbase and Binance, two of the world’s largest crypto exchanges, for allegedly breaching its rules. The SEC on Tuesday alleged Coinbase traded at least 13 crypto assets that…
