Lordstown Motors founder sells remaining stake in EV startup
(Reuters) – Lordstown Motors founder and former CEO Stephen Burns has sold his entire stake in the electric-vehicle maker, according…
Business
U.S. oil stocks at Cushing delivery hub hit 2-year peak
By Stephanie Kelly and Nia Williams NEW YORK (Reuters) – U.S. crude oil inventories at the Cushing, Oklahoma, storage hub…
VW investors question how Xinjiang plant audit will be run
By Victoria Waldersee BERLIN (Reuters) – While investors welcomed Volkswagen’s decision to audit its jointly-owned plant in Xinjiang, China, some…
Nasdaq expects expanded markets to justify $10.5 billion Adenza merger price tag
By John McCrank NEW YORK (Reuters) – Nasdaq’s eye-popping $10.5 billion bet on the little known financial software company Adenza…
Japan’s Cosmo wins unconventional vote on ‘poison pill’ against activist
By Makiko Yamazaki TOKYO (Reuters) -Cosmo Energy Holdings’ shareholders approved a “poison pill” takeover defence on Thursday, in a controversial…
Accenture signals more pain for IT industry with disappointing forecast
(Reuters) -Accenture fanned concerns about dwindling IT spending on Thursday with a quarterly revenue forecast that was below Wall Street…
US existing home sales edge up but prices drop by most since 2011
(Reuters) – U.S. existing home sales ticked higher in May to snap a two-month skid with condominium sales accounting for…
Fed’s Bowman says more rate increases needed
By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve Gov. Michelle Bowman said Thursday that “additional policy rate increases” will…
IMF has hit $100 billion target of SDRs for vulnerable countries – Georgieva
PARIS (Reuters) – The International Monetary Fund has reached its target of making $100 billion in special drawing rights available…
Big central banks are still hiking rates but eye the end
LONDON (Reuters) – Inflation is cooling, meaning major central banks can start to think about ending interest rate hikes even…