US consumer confidence races to 17-month high; housing market regaining strength

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence increased in June to the highest level in nearly 1-1/2 years amid renewed labor market optimism, while business spending appeared to hold up in May, indicating the economy remained on solid footing despite fears of a recession. Hopes that the economy could avoid a downturn in…

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Volvo EVs to now have access to Tesla superchargers

(Reuters) – Swedish carmaker Volvo Cars said on Tuesday it had signed an agreement with Tesla to give its electric vehicles (EVs) access to the EV maker’s Supercharger network in the United States, Canada and Mexico. The deal makes Volvo the first European automaker to adopt Tesla’s North American Charging Standard (NACS), adding to the…

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US 2024 hopeful Haley calls for China trade curbs over fentanyl deaths

By Gram Slattery and Michael Martina WASHINGTON (Reuters) -Former U.N. ambassador Nikki Haley staked out one of the most hawkish positions on China in the 2024 Republican presidential field on Tuesday, calling for Washington to drastically limit ties with its geopolitical foe to address a dramatic rise in overdose deaths attributable to fentanyl in the…

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Beyonce-flation? How stars are driving prices up as fans flock to concerts

By Dawn Chmielewski, Danielle Broadway and Sachin Ravikumar LOS ANGELES/GLASTONBURY, England (Reuters) – Call it Beyflation. Or maybe Swiftflation. The cost of certain goods is retreating in some places, but that doesn’t include live music. Concert tickets have surged in price, to the point where economists are noticing. Fans are shelling out a fortune for…

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