By Laura Sanicola (Reuters) -Oil settled lower on Thursday in a choppy see-saw session, as massive weekly gasoline and distillate stock builds overshadowed a larger-than-expected crude stock draw. Brent crude settled down 66 cents, or 0.8%, to $77.59. During the session it both rose and fell over $1. U.S. West Texas Intermediate crude futures settled…
(Reuters) -Apple continued its struggle in the new year on Thursday, plumbing an eight-week low after Piper Sandler handed the tech giant its second downgrade this week on worries about iPhone demand. The rating action knocked Apple shares down 1.4% at $181.6, causing its market value to decline nearly $170 billion so far in the…
(Reuters) -Ford Motor on Thursday posted its best annual auto sales in the United States since 2020, fueled by sustained demand for the automaker’s crossover SUVs and pickup trucks, a day after many of its peers reported double-digit gains in new vehicle sales. The Detroit automaker said vehicle sales rose 7.1% to 1.99 million units…
By Ted Hesson and Susan Heavey WASHINGTON (Reuters) -A Republican-led U.S. House of Representatives committee next week will advance an effort to impeach Homeland Security Secretary Alejandro Mayorkas over allegations he has been derelict in his duty of managing the U.S.-Mexico border, the committee announced on Wednesday. The House Homeland Security Committee will hold a…
