Amazon rallies after research firm predicts upbeat retail sales
By Noel Randewich and Akash Sriram (Reuters) – Amazon’s stock rallied to its highest in more than two months on…
Economy
BlackRock CEO Larry Fink sells 7% of his stake
(Reuters) – BlackRock Inc Chief Executive Officer Larry Fink sold nearly 7% of his stake in the asset management giant,…
UAW President: ‘No excuse’ for Detroit’s non-union EV operations
By Joseph White DETROIT (Reuters) -United Auto Workers union President Shawn Fain said on Friday there is “no excuse” for…
MG Motor launches plug-in hybrid option in Mexico as EV race heats up
By Kylie Madry MEXICO CITY (Reuters) – MG Motor is launching a plug-in hybrid SUV in Mexico, the carmaker said…
US 5-year credit default swaps rise to highest since 2011
(Reuters) – The cost of insuring exposure to United States sovereign debt rose to the highest level since 2011 on…
French police working with EU on luxury antitrust probe
PARIS (Reuters) – French police are involved in an ongoing investigation relating to a probe by EU antitrust regulators into…
Procter & Gamble hikes prices again with scant pushback, and boosts sales view
By Jessica DiNapoli and Ananya Mariam Rajesh (Reuters) -Procter & Gamble Co’s customers, particularly in the United States, continued to…
Credit Suisse bondholders sue Swiss regulator over wipe-out
By Kirstin Ridley, Jahnavi Nidumolu and John Revill LONDON (Reuters) -Investors representing more than 4.5 billion Swiss francs ($5 billion)…
Recession-wary investors pour $9.1 billion into hedge funds in first quarter
By Svea Herbst-Bayliss BOSTON (Reuters) – Hedge funds pulled in $9.1 billion in new money during the first three months…
US alerts European countries to Russian sanctions evasion
WASHINGTON (Reuters) – A senior U.S. sanctions official is alerting European countries to Russian efforts to acquire certain sanctioned goods,…