NEW YORK (AP) — The worries rocking Wall Street about interest rates, inflation and now Ukraine have sent the S&P 500 index — the most widely followed measure of the U.S. stock market — tumbling more than 10% from its record. It’s a big enough fall that Wall Street has a name for it: a…
(Reuters) – South American e-commerce giant MercadoLibre Inc missed analysts forecast after posting a fourth quarter net loss on Tuesday, despite a surge in sales. The company reported a fourth-quarter net loss of $46.1 million, missing the mean Refinitiv forecast of $54.04 million net income. The Nasdaq-listed Argentine company’s gross merchandise volume, a widely watched…
By Hyunjoo Jin SAN FRANCISCO (Reuters) – A former Tesla construction manager has filed a lawsuit against the electric car company alleging he was fired for reporting widespread safety violations and race discrimination at Tesla’s factories. In the lawsuit filed with Alameda County Superior Court on Friday, Marc Cage, an African American, claimed to have…
WASHINGTON (AP) — The Biden administration is delaying decisions on new oil and gas drilling on federal land and other energy-related actions after a federal court blocked the way officials were calculating the real-world costs of climate change. The administration said in a legal filing that a Feb. 11 ruling by a Louisiana federal judge…
By Medha Singh (Reuters) -Shares of Digital World Acquisition Corp, the blank-check company behind former U.S. President Donald Trump’s new social media venture, Truth Social, rose about 14% on Tuesday as the app topped downloads on Apple’s App Store after its launch late on Sunday. Truth Social was downloaded 170,000 times since its launch, according…
BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto said on Tuesday that higher interest rates are supporting financial inflows, strengthening the Brazilian currency. Addressing a conference hosted by investment bank BTG Pactual, he also said positive fiscal figures are helping to attract investment to the country, among other reasons that explain the recent…
By Lawrence White, Alexandra Schwarz-Goerlich and Iain Withers LONDON/VIENNA/WASHINGTON (Reuters) -European banks on Tuesday were bracing for fallout and fresh sanctions after Russia ordered troops into breakaway regions of eastern Ukraine, with HSBC warning of market contagion and Austria’s Raiffeisen Bank International preparing “crisis plans”. In the United States, on the other hand, banking executives…
By Hari Kishan and Jonathan Cable BENGALURU (Reuters) – Global stock markets were already headed for a volatile year with modest gains even before the latest escalation of the Russia-Ukraine crisis, according to a Reuters poll of around 120 equity market analysts and brokers around the world. Russian President Vladimir Putin’s decision on Monday to…
DETROIT (AP) — Elon Musk and his lawyers are escalating their fight with U.S. securities regulators, with a lawyer accusing them of leaking investigative information, and the Tesla CEO alleging on Twitter that government corruption is being exposed. Musk’s tweet early Tuesday and a Monday letter from Musk lawyer Alex Spiro to a federal judge…
By John Chalmers, Sabine Siebold and Robin Emmott BRUSSELS (Reuters) -The European Union agreed new sanctions on Russia that will blacklist more politicians, lawmakers and officials, ban EU investors from trading in Russian state bonds, and target imports and exports with separatist entities. However, EU foreign ministers chose not to sanction Russian President Vladimir Putin,…
