Tesla margins in focus as EV price war kicks into high gear
By Akash Sriram (Reuters) -Tesla Inc’s first-quarter margins are anticipated to have hit a more than three-year low as the…
Economy
BIS head warns of threats to financial stability, rates need to stay higher
By Marc Jones LONDON (Reuters) – The head of the Bank of International Settlements has warned that years of fighting…
Exclusive-G7 coalition to keep Russian oil price cap at $60 per barrel -source
By Andrea Shalal WASHINGTON (Reuters) -The Group of Seven (G7) coalition will keep a $60 per barrel price cap on…
US homebuilder sentiment improves further; NY state manufacturing rebounds
By Lucia Mutikani WASHINGTON (Reuters) – Confidence among U.S. single-family homebuilders improved for a fourth straight month in April as…
US IRS answered 2.4 million more taxpayer calls due to new funding
WASHINGTON (Reuters) – The U.S. Internal Revenue Service provided live assistance to 87% of taxpayers’ phone calls during the 2023…
ECB can review inflation goal once it’s achieved, Lagarde says
FRANKFURT (Reuters) – The European Central Bank can discuss changing its 2% inflation goal but only after it brings down…
Eli Lilly to invest additional $1.6 billion in 2 new plants
(Reuters) – Eli Lilly and Co said on Monday it will invest an additional $1.6 billion at its two new…
US regulator calls for greater scrutiny of hedge funds after bond turmoil- FT
(Reuters) – Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), said hedge funds and other parts…
Ryanair does not expect major disruption due to Boeing issues
DUBLIN (Reuters) – Ryanair does not expect to see major disruption this summer on account of Boeing’s decision to halt…
HSBC shareholder Ping An to vote for bank’s break-up at annual meeting -source
HONG KONG/LONDON (Reuters) – HSBC’s biggest shareholder Ping An is likely to vote in favour of splitting the bank up…