WASHINGTON (Reuters) – The head of a trade group representing nearly all major automakers urged the U.S. Environmental Protection Agency to “ease up” on its aggressive proposal to sharply cut vehicle emissions through 2032, saying it could benefit China. Alliance for Automotive Innovation CEO John Bozzella said Monday the “EPA should ease up and reassess…
By Matt McKnight OLYMPIA, Wash. (Reuters) – In the middle of a serene forest four miles from Washington state’s capital Olympia sits a vintage rotary phone. It is not connected to a telephone line and looks out of place. But it has become a literal lifeline for people to speak words out loud to lost…
By Nupur Anand, Lananh Nguyen, Luc Cohen and Jonathan Stempel NEW YORK (Reuters) -JPMorgan Chase agreed to pay about $290 million to settle a class action lawsuit by Jeffrey Epstein’s victims, resolving a large part of litigation over the bank’s relationship with the disgraced financier. Monday’s settlement follows months of embarrassing disclosures that JPMorgan ignored…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A steadily rising U.S. stock market appears to be drawing investors off the sideline, one measure of market positioning showed. Positioning among discretionary investors – a cohort that includes everyone from portfolio managers to retail investors – broke out of its one-year underweight range and went above…
By Shrivathsa Sridhar PARIS (Reuters) – An unstoppable Novak Djokovic https://www.reuters.com/sports/tennis/french-open-mens-singles-champion-novak-djokovic-2023-06-11/ roared to a record 23rd https://www.reuters.com/lifestyle/sports/novak-djokovics-run-22-grand-slam-titles-2023-01-29/ Grand Slam singles title at the French Open on Sunday to stand alone at the summit of men’s tennis with a 7-6(1) 6-3 7-5 victory over fourth seed Casper Ruud in the final. The 36-year-old Serbian drew level…
By Harry Robertson LONDON (Reuters) – PIMCO is underweight the U.S. dollar and overweight UK government bonds in some funds, a senior fund manager said on Monday. “There’s no guarantee that we’re going to be short the dollar all the time, but today, (in) positioning we have dollar underweights versus G10 and EM (emerging markets),”…
By Lisa Baertlein (Reuters) – West Coast seaport employers on Monday criticized worker absences, which they said were slowing work at some of the nation’s busiest ports, as unions press for a bigger share of record profits reaped when cargo shipments surged during the pandemic. West Coast ports stretching from California to Washington state are…
KHARTOUM (Reuters) -Air strikes, artillery and gunfire rocked several areas of Sudan’s capital on Monday as fighting between warring factions intensified for a second day, trapping civilians in a worsening humanitarian crisis. The war between the country’s army and paramilitary Rapid Support Forces (RSF) has raged for almost two months, forcing almost 2 million to…
By Shristi Achar A and Noel Randewich (Reuters) – U.S. stocks rallied on Monday, putting the S&P 500 within striking distance of its highest close since April 2022, and Oracle hit a record high ahead of quarterly results as investors awaited inflation data and the Federal Reserve’s interest rate decision this week. Lifted by gains…
(Reuters) – Sphere Entertainment said on Monday it was launching Sphere Studios in Hollywood to create immersive film content for its entertainment venue, Sphere, in Las Vegas. The live entertainment and media firm said filmmakers would work with Hollywood directors and producers at Sphere Studios to create multi-sensory films that would appear exclusively in Sphere…
