UAW not yet endorsing Biden for second term citing EV policies
By David Shepardson WASHINGTON (Reuters) -United Auto Workers (UAW) President Shawn Fain said the Detroit-based union is not yet endorsing…
Business
US Senate Democrats launch renewed effort to counter China
By Patricia Zengerle and David Shepardson WASHINGTON (Reuters) – U.S. Senate Democrats launched a renewed effort to stave off competition…
Estee Lauder sinks after dour 2023 outlook due to slow recovery in Asia
By Ananya Mariam Rajesh and Katherine Masters (Reuters) – Estee Lauder Cos Inc’s shares plunged on Wednesday after the cosmetics maker…
Robinhood, securities regulators face off over Massachusetts fiduciary rule
By Chris Prentice (Reuters) -Massachusetts’ highest court on Wednesday heard arguments on whether to revive a state fiduciary duty rule…
Toronto home prices rise for third month in April
By Fergal Smith TORONTO (Reuters) – Greater Toronto Area (GTA) home prices increased in April from March as new listings…
Leonardo posts lower Q1 profits and earnings, but orders rise
ROME (Reuters) – Italy’s state-controlled defence and aerospace group Leonardo on Wednesday posted lower first-quarter profits and earnings, but reported…
Marriott beats Wall Street estimates on China recovery
(This May 2 story has been refiled to say Marriott gets a ‘big portion,’ not ‘bulk’ of its revenue from…
European shares end higher with eyes on Fed, oil stocks fall for second day
By Shreyashi Sanyal (Reuters) -European shares climbed on Wednesday, a day after their biggest fall in a month, as speculation…
AMD’s lackluster forecast sparks selloff in shares
By Tiyashi Datta (Reuters) -Investors dumped shares of Advanced Micro Devices Inc on Wednesday after its earnings report indicated that…
Nvidia short sellers lose $5 billion as shares rise more than 90% in 2023
NEW YORK (Reuters) -Nvidia Corp short sellers have lost $5.09 billion so far this year as the stock has jumped…