By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators said on Tuesday they were investigating whether 1.1 million older Ram 1500 pickup trucks should be recalled for power steering loss issues. The National Highway Traffic Safety Administration (NHTSA) has received 380 reports alleging intermittent or complete loss of power steering assistance in 2013-2016 model year…
By Andrew Chung (Reuters) -The U.S. Supreme Court on Tuesday granted a request by President Joe Biden’s administration to reinstate – at least for now – a federal regulation aimed at reining in privately made firearms called “ghost guns” that are difficult for law enforcement to trace. The justices put on hold a July 5…
By Tim Reid (Reuters) – Republican presidential candidate Ron DeSantis replaced his campaign manager on Tuesday, as he tries to recalibrate his struggling White House bid. Here are some of the missteps made by the Florida governor and his campaign. UKRAINE WAR A “TERRITORIAL DISPUTE” In March, even before he had officially launched his campaign,…
(Reuters) – Several Canadian companies and government agencies have stopped advertising on Facebook and Instagram after Meta Platforms decided to stop news access on the apps over a law that requires payments to local news publishers. The “Online News Act”, which was approved by the Canadian parliament and received a royal assent on June 22,…
By Ann Saphir (Reuters) -Americans borrowed more than ever on their credit cards in the last quarter, the New York Federal Reserve Bank said on Tuesday, with balances surpassing $1 trillion for the first time even as overall household debt loads were largely unchanged. Credit card balances rose by $45 billion to $1.03 trillion in…
By David Shepardson WASHINGTON (Reuters) -Two tech groups on Monday backed TikTok in its lawsuit seeking to block enforcement of a Montana state ban on use of the short video sharing app before it takes effect on Jan. 1. NetChoice, a national trade association that includes major tech platforms, and Chamber of Progress, a tech-industry…
By Raphael Satter and Zeba Siddiqui WASHINGTON/SAN FRANCISCO (Reuters) -A hydra-headed breach centered on a single American software maker has compromised data at more than 600 organizations worldwide, according to cyber analyst tallies corroborated by Reuters. But more than two months after the breach was first disclosed by Massachusetts-based Progress Software, the parade of victims…
By Akash Sriram (Reuters) -Tesla finance chief Zachary Kirkhorn has stepped down, surprising analysts who considered the company veteran of 13 years as a possible successor to CEO Elon Musk. The world’s largest electric vehicle automaker did not give a reason for the departure. Vaibhav Taneja, 45, replaced Kirkhorn as of Friday and will also…
By Matt Tracy (Reuters) – The amount of U.S. corporate loans and bonds trading at distressed levels has reached its lowest in 11 months, according to a JPMorgan research report on Tuesday. As of July’s end, $209 billion of junk-rated debt traded at large discounts to par value, or 100 cents on the dollar, which…
(Reuters) – U.S. banks have started to detail the expected impact to their costs from the “special assessment” fee they have to pay to replenish the Federal Deposit Insurance Corporation’s deposit insurance fund. In May, the banking regulator said large U.S. lenders would bear most of the costs to replenish the fund. Here is what…
