Bank of Canada hikes rates, says prepared to raise them further
By Steve Scherer and Ismail Shakil OTTAWA (Reuters) -The Bank of Canada on Wednesday hiked its key overnight rate by…
July 2023
Options hedges against a break in US stock market calm at record high
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Options traders are taking advantage of muted U.S. stock market gyrations to…
Cuba condemns EU Parliament resolution calling for sanctions against president
HAVANA (Reuters) – Cuba’s National Assembly said on Wednesday it “strongly condemns” a resolution by the European Parliament, which criticized…
US Senate committee votes to approve key FCC nominee
By David Shepardson WASHINGTON (Reuters) – The U.S. Senate Commerce Committee on Wednesday voted to approve President Joe Biden’s nominee…
June inflation data may have pushed Fed over the mountaintop
By Howard Schneider WASHINGTON (Reuters) -A year after U.S. inflation peaked and touched off an aggressive turn in monetary policy,…
Lucid shares drop as deliveries take hit from Tesla’s price war
By Akash Sriram (Reuters) -Lucid Group said its second-quarter production dropped from the previous three months while deliveries stayed flat,…
Tesla says Model 3 consumer tax credits likely to be reduced after Dec.31
By Hyunjoo Jin and David Shepardson SAN FRANCISCO (Reuters) -Tesla said the $7,500 federal tax credits for its Model 3…
Biden ‘looks forward’ to Ukraine NATO membership, just not now
By Steve Holland VILNIUS (Reuters) – U.S. President Joe Biden told Ukrainian President Volodymyr Zelenskiy on Wednesday that he looks…
US slaps sanctions on Sinaloa Cartel fentanyl network
MEXICO CITY (Reuters) -The U.S. Treasury Department on Wednesday imposed sanctions on 10 Mexican nationals and one company in the…
SF Fed Paper warns key inflation measure may prove hard to tame
By Michael S. Derby NEW YORK (Reuters) – If economic trends that existed before the coronavirus pandemic reassert themselves, a…