Property insurer SageSure turns ‘unicorn’ after $250 million funding round – source
By Jaiveer Shekhawat (Reuters) – SageSure became a “unicorn” after the U.S. property insurer raised $250 million in its latest…
Business
U.S. forms team to set strategy on flying air taxis
By David Shepardson WASHINGTON (Reuters) -The Biden administration said Tuesday it has formed an interagency team to develop a national…
US manufacturing production surges in April on motor vehicles
WASHINGTON (Reuters) – Production at U.S. factories surged in April, driven by an increase in output at motor vehicle plants,…
US homebuilder sentiment rises to 10-month high in May
WASHINGTON (Reuters) – U.S. homebuilder sentiment rose to a 10-month high in May as tight housing supply boosted demand for…
Fed’s Mester says not yet at point where it can ‘hold’ rates
By Padraic Halpin DUBLIN (Reuters) -Federal Reserve Bank of Cleveland President Loretta Mester said on Tuesday that she does not…
Canada’s inflation unexpectedly rises in April, upping rate-hike pressure
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada’s annual inflation rate rose in April for the first time in…
Two online brokerages to remove China apps as Beijing data crackdown widens
SHANGHAI/HONG KONG (Reuters) -Online brokerages Futu Holdings Ltd and UP Fintech Holding Ltd will remove apps in mainland China amid…
US default could trigger recession, disrupt critical government services – Yellen
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Tuesday warned that a default on government debt…
AutoNation names Thomas Szlosek as CFO
(Reuters) – AutoNation Inc named Thomas Szlosek as its chief financial officer, effective on or about Aug. 7, the auto…
Home Depot cuts forecasts, signals weakness ahead for big US retailers
By Deborah Mary Sophia (Reuters) -Home Depot Inc on Tuesday cut its annual sales forecast and projected a steeper-than-expected decline…