By Karen Brettell NEW YORK (Reuters) – The dollar held just below a 20-year high against a basket of currencies on Monday before an expected Federal Reserve rate hike this week, with traders focused on the potential for the U.S. central bank to adopt an even more hawkish tone than many expect. The Fed has…
By Nick Carey (Reuters) – Data shows there is enough nickel and lithium to produce up to 14 million electric vehicles (EVs) globally in 2023, so Europe should secure more raw materials to shift away from oil faster, campaign group Transport and Environment (T&E) said on Tuesday. In a study based on BloombergNEF data on…
By Liz Hampton and Arunima Kumar (Reuters) -U.S. shale producers Devon Energy, Diamondback Energy and Coterra Energy on Monday reported sharp increases in profit that beat Wall Street estimates, but held production plans steady as they stressed a focus on shareholder returns. U.S. oil and gas producers are facing a windfall from higher energy prices,…
(Reuters) – Electric carmaker Rivian Automotive Inc will receive a total of $1.5 billion in state and local incentives and tax credits for the new electric vehicle assembly plant it plans to build in Georgia, the state and company said on Monday. The $5 billion plant is expected to employ some 7,500 workers once up…
By David Shepardson WASHINGTON (Reuters) -The U.S. Senate Budget Committee will hold a hearing Thursday on Amazon.com Inc’s labor practices with a key union organizer after the panel’s chair urged the White House to end federal government contracts with the retail giant over accusations of “anti-union activity.” Senator Bernie Sanders said the panel will hear…
By Doyinsola Oladipo and Jeffrey Dastin NEW YORK (Reuters) -Amazon.com Inc workers voted against unionizing a second warehouse in New York City, a ballot count on Monday showed, representing a defeat for labor organizers just weeks after they celebrated their first U.S. win at the nation’s second largest private employer. Employees at the online retailer’s…
By Chibuike Oguh and Krystal Hu (Reuters) -Elon Musk is in talks with large investment firms and high net-worth individuals about taking on more financing for his $44 billion acquisition of Twitter Inc and tying up less of his wealth in the deal, people familiar with the matter said. Musk is the world’s richest person,…
By Doyinsola Oladipo and Jeffrey Dastin NEW YORK (Reuters) -Amazon.com Inc workers voted against unionizing a second warehouse in New York City, a ballot count on Monday showed, representing a defeat for labor organizers just weeks after celebrating their first U.S. win at the retailing giant. Employees at the company’s sortation center in the borough…
WASHINGTON (Reuters) – The U.S. Senate Budget Committee will hold a hearing Thursday on Amazon.com Inc as the panel’s chair urges the White House to end its federal government contracts over its labor practices. Senator Bernie Sanders said the panel will hear from Christian Smalls, president of the Amazon Labor Union as well as International…
By Devik Jain and David French (Reuters) – Wall Street’s main indexes dropped on Monday, giving up early gains in volatile trading, as investors adopted a cautious tinge ahead of the Federal Reserve meeting this week where policymakers are widely expected to raise interest rates. Complementing the weaker sentiment in equity markets, the yield on…
