Rivian results boost shares out of EV startup gloom
By Akash Sriram (Reuters) – Shares of Rivian Automotive Inc rose nearly 6% on Wednesday as the company’s positive earnings…
Economy
Private-credit firms see opportunity as banks tighten lending
By Lisa Pauline Mattackal (Reuters) – Private-credit firms are eyeing fresh opportunities from a potential borrowing squeeze in the United…
Egypt’s headline inflation slows to 30.6% in April
CAIRO (Reuters) -Egypt’s annual urban consumer inflation in April slowed to 30.6% from 32.7% in March, data from the state…
US credit crunch didn’t start with SVB collapse, and may not end there
By Howard Schneider WASHINGTON (Reuters) – It wasn’t the March 10 collapse of Silicon Valley Bank that prompted Carissa Rodeheaver,…
US April CPI rise gives Fed little room for pivot soon – Instant View
NEW YORK (Reuters) – U.S. consumer prices increased in April on higher gasoline costs and rents, while underlying inflation remained…
Mexico president says to present constitutional reform for election of judges, magistrates
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said Wednesday he would present a constitutional reform to have…
Volkswagen defends China record at turbulent shareholder meeting
By Victoria Waldersee and Jan Schwartz BERLIN (Reuters) -Volkswagen defended its record in China and its decision to jointly own…
Turkey’s economy faces ‘lost year’ no matter who wins election, insiders say
By Orhan Coskun ANKARA (Reuters) – Turkey’s economy is bracing for a “lost year” no matter who wins landmark elections…
Ireland could amass $156 billion wealth fund with windfall corporate tax
DUBLIN (Reuters) – Ireland could amass a 142 billion euro ($156 billion) sovereign wealth fund by 2035 and cover much…
Airbnb tumbles as forecast hints at easing U.S. travel demand
(Reuters) -Airbnb’s shares slid 12% on Wednesday after the top vacation rental firm issued a gloomy second-quarter forecast and signaled…