By Stephanie Kelly NEW YORK (Reuters) – Oil prices fell on Thursday after Brent crude hit a seven-year high above $90 a barrel, as the market balanced concerns about tight worldwide supply with expectations the U.S. Federal Reserve will soon tighten monetary policy. Global benchmark Brent fell 62 cents to settle at $89.34 a barrel,…
By Jarrett Renshaw and Nichola Groom WASHINGTON (Reuters) -The White House is considering extending Trump-era tariffs on solar power imports, but with a handful of tweaks to make it easier for domestic installers to access supplies, according to two sources familiar with the administration’s thinking. The plan represents an attempt by U.S. President Joe Biden’s…
By Cassandra Garrison MEXICO CITY (Reuters) – Shares of Mexican telecoms giant America Movil slipped on Thursday, a day after a highly anticipated vote by a regulator kept the company without a sought-after license to enter the local pay TV market. Shares of the company, controlled by the family of Mexican tycoon Carlos Slim, fell…
By Erwin Seba HOUSTON (Reuters) – Exxon Mobil Corp and the United Steelworkers union (USW) have swapped proposals as they work toward possibly ending a nearly 10-month lockout by the company of Beaumont, Texas, refinery workers, Exxon said on Thursday. The company did not offer details about either offer made at a meeting on Wednesday….
By Noel Randewich (Reuters) – Shares of Tesla Inc slumped on Thursday, with smaller competitors also taking a hit after the leading electric vehicle maker warned that supply chain problems will last throughout 2022. Tesla’s stock dropped 8% and was on track for its worst one-day percentage decline since early November after the company late…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices steadied on Thursday, after Brent crude earlier hit a seven-year high above $90 a barrel, as the market continued to balance concerns about tight worldwide supply with expectations that the U.S. Federal Reserve will soon tighten monetary policy. Global benchmark Brent rose 15 cents to $90.11 a…
WASHINGTON (Reuters) – The U.S. Federal Communications Commission (FCC) on Thursday voted to revoke the authorization for China Unicom’s U.S. unit to operate in the United States. (Reporting by Diane Bartz)
LONDON (Reuters) – The U.S. Federal Reserve has kicked off 2022 with a clear message: rates will rise to contain surging inflation. Other central banks have already started the rates liftoff, and even dovish ones are starting to unwind the stimulus unleashed to protect their economies from the COVID-19 pandemic. Here’s a look at where…
By Helen Coster and Eva Mathews (Reuters) – Comcast Corp is ramping up spending on its Peacock streaming service, executives said on Thursday, aiming to catch up to big media rivals in the global battle for viewers. Unlike the majority of its rivals, Peacock offers a free, ad-supported version and two paid options: a $5-per-month…
(Reuters) -Apple Inc is planning a new service that will allow small businesses to accept payments directly on their iPhones without any extra hardware such as Square’s payment terminals, Bloomberg News reported on Wednesday. Currently, retailers can accept payments on an iPhone by using payment terminals connected to their iOS devices through Bluetooth, a method…
