Republicans ask watchdog to assess US oil reserve management
WASHINGTON (Reuters) -Two Republicans on Monday asked a congressional watchdog to assess the Biden administration’s management of the Strategic Petroleum…
Business
Yellen says pressures remain on some U.S. regional bank stocks but system sound
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Monday that some regional bank stock prices remained under pressure,…
Suncor Energy’s quarterly profit beats estimates on strong demand
(Reuters) -Canada’s Suncor Energy Inc reported a better-than-expected first-quarter profit on Monday, helped by steady demand for energy amid crimped…
Twitter to remove idle accounts, archive them
(Reuters) -Social media platform Twitter Inc will remove accounts that have been inactive for several years, CEO Elon Musk announced…
Short selling comes under fire as regional banks sell off
By Carolina Mandl, David French and Svea Herbst-Bayliss NEW YORK (Reuters) -The practice of short selling is coming under increased…
Exclusive-Vanguard overcomes Republican challenge to US utility stakes
By Ross Kerber (Reuters) – Vanguard Group, the largest provider of mutual funds, has secured regulatory approval to continue to…
Twitter beats two lawsuits stemming from mass layoffs, for now
By Daniel Wiessner (Reuters) -A California federal judge on Monday dismissed a proposed class action accusing Twitter Inc of targeting…
Lucid posts quarterly revenue well below estimates as EV price war hits demand
By Akash Sriram and Abhirup Roy (Reuters) -Electric vehicle (EV) maker Lucid Group Inc reported lower-than-expected first-quarter revenue on Monday…
Mexico rolls out investment plans for southern industrial corridor
By Kylie Madry MEXICO CITY (Reuters) -The Mexican government on Monday set out fresh details of a plan to attract…
UK sales growth holds steady in April, retailers hope for better summer
By Suban Abdulla LONDON (Reuters) – British retail sales growth held steady in April but high inflation meant shoppers were…