US producer inflation subsides as energy, food prices drop
By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices fell more than expected in May as the costs of energy…
Business
Tesla shares finally snap record 13-day win streak that added $200 billion in value
By Chavi Mehta and Aditya Soni (Reuters) – Tesla’s record 13-day streak of gains finally came to an end on…
Bitcoin falls 3.7% to $24,987
(Reuters) – Bitcoin dropped 3.65% to $24,987 at 2103 GMT on Wednesday, losing $947 from its previous close. Bitcoin, the…
Fed’s Powell appears to see plenty of room to run on balance sheet drawdown
By Michael S. Derby WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell said on Wednesday that financial conditions are likely…
Stocks rise, dollar pares losses after Fed signals more hikes ahead
By Sinéad Carew (Reuters) – MSCI’s global equity index closed slightly higher on Wednesday after a volatile afternoon while the…
Target’s move to pull some Pride merchandise is ‘wrong’, New York AG says
(Reuters) -Target’s move to pull some LGBTQ-themed merchandise from stores following customer backlash “is wrong,” New York Attorney General Letitia…
U.S. House panel votes to raise commercial pilot retirement age to 67
By David Shepardson WASHINGTON (Reuters) -A U.S. House of Representatives committee on Wednesday narrowly voted to raise the mandatory commercial…
Google faces EU break-up order over anti-competitive adtech practices
By Foo Yun Chee BRUSSELS (Reuters) – Alphabet’s Google may have to sell part of its lucrative adtech business to…
US dollar falls, but off four-week lows, as Fed signals more rate hikes
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar slid on Wednesday after the Federal Reserve held interest rates…
At a Buenos Aires soup kitchen, lines grow longer as inflation soars
By Miguel Lo Bianco BUENOS AIRES (Reuters) – Anahí Robledo feeds 50 families each day at the community kitchen she…