Oil prices ease as economic fears overshadow Saudi output cut
By Scott DiSavino NEW YORK (Reuters) -Oil prices eased about 1% on Tuesday as worries that sluggish global economic growth…
Business
Canada’s Ivey PMI falls to three-month low in May
TORONTO (Reuters) – Canadian economic activity expanded in May at the slowest pace in three months, Ivey Purchasing Managers Index…
Apple buys AR headset startup Mira – The Verge
(Reuters) -Apple Inc has acquired Mira, a Los Angeles-based AR startup that makes headsets for other companies and the U.S….
Tesla’s Model 3 cheaper than Toyota’s Camry in California with tax benefits
By Hyunjoo Jin and David Shepardson SAN FRANCISCO/WASHINGTON (Reuters) -Tesla Inc’s rapid adjustment of its battery supply chain means all…
Citadel portfolios post gains in May -investor
NEW YORK (Reuters) – U.S. hedge fund Citadel’s flagship portfolio posted a 6.14% return in the first five months of…
White House says it will win Merck lawsuit, defends Medicare drug negotiations
WASHINGTON (Reuters) – The Biden administration is confident it will succeed in the courts against Merck & Co’s lawsuit filed…
US passenger railroad Amtrak CEO says ridership near pre-pandemic levels
By David Shepardson WASHINGTON (Reuters) – Amtrak CEO Stephen Gardner said on Tuesday the U.S. passenger railroad expects traffic to…
U.S. regulators issue final guidelines to banks for third-party risk management
(Reuters) – Top U.S. regulators on Tuesday issued final guidelines to help banks manage risks associated with their relationships with…
US bond giant PIMCO sees chance to expand lending after banking turmoil
By Davide Barbuscia NEW YORK (Reuters) – PIMCO said on Tuesday that this year’s banking turmoil has created opportunities for…
Stocks edge up as Aussie hike provides rates reminder
By Marc Jones and Koh Gui Qing LONDON/NEW YORK (Reuters) – World shares edged higher on Tuesday as investors mulled…