By David Shepardson (Reuters) -Ford Motor said on Monday it has paused work on a $3.5 billion electric vehicle battery plant in Michigan, citing concerns about its ability to competitively operate the plant at a time when it remains locked in broader contract negotiations. United Auto Workers (UAW) President Shawn Fain blasted Ford, saying the…
By Davide Barbuscia NEW YORK (Reuters) -A U.S. government shutdown would harm the country’s credit, rating agency Moody’s said on Monday, a stern warning coming one month after Fitch downgraded the U.S. by one notch on the back of a debt ceiling crisis. U.S. government services would be disrupted and hundreds of thousands of federal…
By Sinéad Carew and Amanda Cooper NEW YORK/LONDON (Reuters) – A global index of stocks fell slightly while Wall Street eked out a gain in Monday’s choppy market as bond yields rose and investors continued to digest last week’s central bank indications that interest rates would stay higher for longer. The dollar hit an 11-month…
Gold futures experienced a dip on Monday, stepping back from the mid-$1,900 range. This shift was prompted by the dollar’s ascent to 10-month highs in response to the Federal Reserve’s recent caution that U.S. interest rates would maintain their elevated position for a more extended period. The December contract, the most active in New York’s…
