By Akash Sriram and Abhirup Roy (Reuters) -Nikola lost more than a quarter of its market value on Friday after the U.S. electric truck maker named its fourth CEO in as many years and reiterated for the third time this year its doubts about continuing as a going concern. The news came a day after…
By Kanishka Singh WASHINGTON (Reuters) – A Texas man who suggested a “mass shooting of poll workers” in 2022 elections and threatened two Maricopa County, Arizona, officials and their children was sentenced to 3-1/2 years in federal prison, the U.S. Justice Department said on Friday. Frederick Francis Goltz, 52, pleaded guilty in April to interstate…
By David Shepardson (Reuters) – General Motors said Friday it plans to boost employment next year despite concerns raised by autoworkers that the shift to electric vehicles will reduce labor needs. GM, Ford Motor and Chrysler-parent Stellantis last month opened contract talks with the United Auto Workers (UAW) union ahead of the Sept. 14 expiration…
By Michelle Nichols UNITED NATIONS (Reuters) -U.S. bank JPMorgan this week stopped processingpayments for the Russian Agricultural Bank, Russia said on Friday, as it demanded action, not promises, from Washington to help Russian grain and fertilizer reach global markets. JPMorgan had handled some Russian grain export payments for the past few months with reassurances from…
By Jack Queen and Doina Chiacu (Reuters) -Former President Donald Trump pleaded not guilty on Friday to three new charges related to his handling of U.S. classified documents after he left the White House in 2021 – raising the total brought by Special Counsel Jack Smith in the case to 40. Trump, the front-runner for…
By Vladyslav Smilianets ZAPORIZHZHIA REGION, Ukraine (Reuters) – When they found the bodies of Russian troops at an abandoned position, something about the corpses looked wrong. “There were three or four of their dead. Two guys were lying on each other, which made us suspicious, because if there had been an explosion they would have…
By Lawrence Delevingne (Reuters) -Wall Street stocks fell on Friday, while the U.S. dollar and Treasury yields were lower, after a government jobs report showed a slowing but still tight U.S. labor market. Nonfarm payrolls increased by 187,000 jobs last month, the Labor Department said in its closely watched employment report, slightly below expectations of…
By Chris Prentice NEW YORK (Reuters) -Coinbase Global on Friday asked a judge to end the U.S. Securities and Exchange Commission’s lawsuit accusing the world’s largest publicly traded cryptocurrency exchange of violating federal securities laws. In a filing in federal court in Manhattan, Coinbase said the SEC had no authority to pursue its lawsuit because…
By Niket Nishant (Reuters) -Activist investor Carl Icahn’s eponymous firm cut its dividend in half on Friday, just a few months after a prominent short-seller went after the company’s payout structure that triggered a selling frenzy in its shares. Icahn Enterprises shares closed 23% lower on Friday, and have shed more than half of their…
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy added fewer jobs than expected in July, but solid wage gains and a decline in the unemployment rate back to 3.5% pointed to continued tightness in labor market conditions. The Labor Department’s employment report on Friday also showed job gains in May and June were revised…
