Oil drops 1.5% as Fed projects more rate hikes this year
By Arathy Somasekhar HOUSTON(Reuters) – Oil prices fell 1.5% on Wednesday after the U.S. Federal Reserve projected more interest rate…
Economy
Fed’s Powell: July FOMC will be a ‘live’ meeting
(Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said the central bank’s next rate-setting meeting in July would be…
Volkswagen subsidy to cost Canada C$2.4 billion more than forecast
By Ismail Shakil OTTAWA (Reuters) -Canada’s budgetary watchdog estimated on Wednesday that a deal offering Volkswagen production tax credits to…
Potential Olympics sponsorship deal tests LVMH heir Antoine Arnault
By Mimosa Spencer PARIS (Reuters) – The final shape of LVMH’s likely Olympics sponsorship rests on Antoine Arnault, one of…
Google launches AI-powered advertiser features in push for automation
By Sheila Dang (Reuters) – Alphabet’s Google said on Wednesday it is launching two new artificial intelligence-powered features for advertisers…
Macron to meet Elon Musk in Paris to talk Tesla investment
By Michel Rose (Reuters) – French President Emmanuel Macron said he will meet with Tesla CEO Elon Musk on Friday,…
Traders bet Fed will follow June ‘skip’ with summer hike
(Reuters) – Traders added to bets the Federal Reserve will soon be back to raising U.S. interest rates after skipping…
Fed officials project more 2023 rate rises, amid hope inflation will still cool
By Michael S. Derby WASHINGTON (Reuters) – U.S. Federal Reserve officials penciled in additional rate rises for this year and…
Volkswagen passenger cars targets 10 billion euros of efficiency gains
BERLIN (Reuters) -Volkswagen’s passenger car brand will implement savings and cost-cutting measures amounting to 10 billion euros ($10.83 billion) by…
Canada finance minister: Stellantis investment ‘is coming’
OTTAWA (Reuters) – Canada, which has been renegotiating its support for a Stellantis-LGES electric vehicle battery plant, is confident that…