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,…
2023
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…
G20 finance chiefs set to discuss reforms to development banks, crypto, debt
NEW DELHI (Reuters) – Finance ministers and central bank governors of the G20 member nations are set to meet and…
White House economic official Brainard: inflation on moderating path
(Reuters) – National Economic Council Director Lael Brainard on Wednesday said the latest U.S. economic data shows that upward price…
IMF board approves Pakistan bailout programme
(Reuters) – The board of the International Monetary Fund (IMF) approved a $3 billion, nine-month bailout programme for Pakistan on…
Canada probes Nike, Dynasty Gold over alleged use of forced labor in China
By Ismail Shakil and Divya Rajagopal OTTAWA (Reuters) – Canada’s corporate ethics watchdog launched separate investigations into Nike Canada and Dynasty…
Explainer-Why is the U.S. SEC reforming money market funds?
By Michelle Price WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Wednesday finalized long-awaited regulations to improve…