BMW stays cautious on outlook, says some car prices may rise
By Victoria Waldersee BERLIN (Reuters) -BMW will not cut electric vehicle (EV) prices in China and may raise some car…
Business
Would Fed’s Powell go full ‘loathsome’ to buffer against a debt default?
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell, asked on Wednesday about what the Fed would do…
Shrinking US cattle herd squeezes meatpacker profits
By Tom Polansek CHICAGO (Reuters) – U.S. cattle producer Brad Kooima declined multiple, escalating bids from meatpackers seeking to buy…
Marketmind: Hike and hold, bank angst and Apple
A look at the day ahead in U.S. and global markets from Mike Dolan If the Federal Reserve needs more…
Shell, Equinor profits beat forecasts as trading offsets lower energy prices
By Ron Bousso, Shadia Nasralla and Nerijus Adomaitis LONDON/OSLO (Reuters) – Energy giants Shell and Equinor reported higher-than-expected first-quarter profits…
Lofty prices tarnish gold’s lustre in top Asian retail hubs
By Amy Lv, Rajendra Jadhav and Kavya Guduru BEIJING/MUMBAI/BENGALURU (Reuters) – On a recent evening in April, only three or…
French antitrust body tells Meta to change conditions for access to ad verification
PARIS (Reuters) -France’s antitrust watchdog on Thursday gave Facebook-owner Meta two months to change its access rules for ad verification…
Novo Nordisk cuts some US supply of obesity drug Wegovy to cope with demand
By Nikolaj Skydsgaard COPENHAGEN (Reuters) -Danish drug developer Novo Nordisk said it would have to halve the supply of starter…
Taiwan central bank may keep raising interest rates, minutes show
TAIPEI (Reuters) – Taiwan’s central bank debated the need for further rate hikes this year to combat persistent inflation, minutes…
Analysis-Fed’s hiking pause may not signal all-clear for US stocks
By Lewis Krauskopf and David Randall NEW YORK (Reuters) – The end of a market-punishing rate hiking cycle may be…