Elon Musk greeted with flattery and feasts during China trip
By Martin Quin Pollard BEIJING (Reuters) -Billionaire Elon Musk was showered with praise during a trip to China this week,…
Economy
Franklin Templeton to buy Putnam Investments from Great-West Lifeco for $925 million
By Mehnaz Yasmin (Reuters) -Franklin Resources Inc, a global investment management firm that operates as Franklin Templeton, plans to acquire…
Food-loving French tighten belts as supermarket prices soar
By Leigh Thomas PARIS (Reuters) – France prides itself on taking its food seriously, but many consumers are now tightening…
Intel shares jump as chipmaker sees second-quarter revenue at upper end of outlook
(Reuters) – Shares of Intel Corp rose about 5% after the chipmaker’s finance chief said on Wednesday that the company…
U.S. banks saw record deposit declines in Q1 as profits remained steady: FDIC
By Pete Schroeder WASHINGTON (Reuters) – U.S. banks saw total deposits decline by a record 2.5% in the first quarter…
US default probability at lowest since January – MSCI
NEW YORK (Reuters) – The probability of a U.S. default has declined to its lowest since January, according to MSCI…
Wells Fargo CEO says there will be losses in office loan portfolio
By Nupur Anand and Saeed Azhar NEW YORK (Reuters) -Wells Fargo & Co’s Chief Executive Officer Charlie Scharf said on…
National Bank of Canada misses profit estimates as bad loans provisions rise
(Reuters) – National Bank of Canada missed analysts’ earnings estimates on Wednesday, hurt by higher costs and money set aside…
Jaguar Land Rover recalling I-PACE vehicles in US over fire risks
By David Shepardson WASHINGTON (Reuters) -Jaguar Land Rover (JLR) said it was recalling nearly 6,400 I-PACE vehicles in the United…
German family-owned Schmid Group aims for SPAC listing on NYSE
By Emma-Victoria Farr FRANKFURT (Reuters) – Germany’s Schmid Group said on Wednesday it plans to list in New York via…