By Arathy Somasekhar HOUSTON (Reuters) -Top oil executives and ministers descend on Houston this week for one of the world’s biggest energy conferences emboldened by blockbuster mergers, stable oil prices and less pressure for a large-scale move to clean fuels. Global oil prices have remained in a range between $75 and $85 per barrel, a…
By Svea Herbst-Bayliss and Dawn Chmielewski NEW YORK (Reuters) -Walt Disney on Monday received a critical endorsement from a proxy advisory firm when Glass Lewis urged shareholders to re-elect all of the company’s directors in one of the season’s most hotly contested boardroom battles. The recommendation, which can sway how investors vote in critical elections,…
By Nell Mackenzie LONDON (Reuters) – Hedge funds piled into bank and financials stocks at the fastest pace in a year, Goldman Sachs said in a note, just in time to catch highs seen European and U.S. banking indices. Financial stocks in North America, Europe, and emerging-market Asia were among the most sought-after stock sectors…
(Reuters) – U.S. Steel, whose deal to be bought by Japan’s Nippon Steel has run into political resistance, including from President Joe Biden, forecast first-quarter earnings below estimates on Monday due to lower demand in its tubular business. The company’s tubular business produces steel casing and tubing, line pipes and mechanical tubing, catering to customers…
By Guy Faulconbridge and Andrew Osborn MOSCOW (Reuters) -President Vladimir Putin won a record post-Soviet landslide in Russia’s election on Sunday, cementing his already tight grip on power in a victory he said showed Moscow had been right to stand up to the West and send its troops into Ukraine. Putin, a former KGB lieutenant…
(Reuters) -Tesla said on Saturday it would increase the price for its Model Y electric vehicles (EV) in a number of European countries on March 22 by approximately 2,000 euros ($2,177) or the equivalent in local currencies. The move, announced in a post on social media platform X, followed the automaker’s announcement on Friday that…
By Joey Roulette and Marisa Taylor WASHINGTON (Reuters) – SpaceX is building a network of hundreds of spy satellites under a classified contract with a U.S. intelligence agency, five sources familiar with the program said, demonstrating deepening ties between billionaire entrepreneur Elon Musk’s space company and national security agencies. The network is being built by…
By Waylon Cunningham SAN ANTONIO, Texas (Reuters) – When McDonald’s first opened for business in the 1940s, its workers stood at physical counters, its burgers and fries were listed on paper menus, and its customers paid cash to its human cashiers. How quaint. Today technology so infuses every aspect of McDonald’s business that it would…
(Reuters) -U.S. prosecutors in Virginia are probing whether Facebook-parent Meta’s social media platforms facilitated and profited from the illegal sale of drugs, the Wall Street Journal reported on Saturday, citing documents and people familiar with the matter. The prosecutors sent subpoenas last year and have been asking questions as part of a criminal grand jury…
(Reuters) -Tesla on Friday said it will increase prices for all Model Y cars in the United States by $1,000 on April 1, the automaker said on its website. “Prices will increase by $1,000 for all Model Y trims on April 1,” Tesla said on its website. The company on March 1 had also raised…
