Apple stock hits record, on cusp of $3 trillion market value
By Akash Sriram and Noel Randewich (Reuters) -Apple’s stock climbed to a record high close on Wednesday and was on…
Economy
Arcline tops KKR’s offer for Circor as bidding war intensifies
(Reuters) -Private equity firm Arcline Investment Management proposed to buy Circor International for $1.8 billion including debt on Wednesday, topping…
Auto industry seeks to soften Biden vehicle emissions proposal
By David Shepardson (Reuters) -The trade group representing nearly all major automakers wants the U.S. Environmental Protection Agency to soften…
South Korea’s services companies most optimistic in nine months
SEOUL (Reuters) – Confidence among South Korea’s services sector firms has continued to improve, with their outlook for July the…
Chip stocks drop as U.S. mulls fresh curbs on AI access to China
By Medha Singh (Reuters) – Shares of U.S. chipmakers fell on Wednesday following reports that the Biden administration was planning…
Businesses criticise new EU data rules, consumer group sees missed opportunity
By Foo Yun Chee BRUSSELS (Reuters) – Businesses and Big Tech on Wednesday criticised European Union data rules agreed between…
Nasdaq ends up, dollar strengthens as Powell hints at more rate hikes
By Stephen Culp NEW YORK (Reuters) – The Nasdaq Composite Index closed higher and the dollar rebounded on Wednesday as…
Biden administration aims $2 billion in grants at US electric vehicle transition
By Timothy Gardner and Joseph White WASHINGTON/DETROIT (Reuters) -President Joe Biden’s administration on Wednesday said it intends to invest $2…
Solvay reaches nearly $393 million PFAS settlement with New Jersey
BRUSSELS (Reuters) -The U.S. branch of Belgian chemicals company Solvay has struck a nearly $393-million deal with the New Jersey…
US hunger rates rise as pandemic aid ends, data shows
By Leah Douglas (Reuters) – Food insecurity is rising in the U.S. as the end of pandemic-era aid and higher…