By Ernest Scheyder (Reuters) – Exxon Mobil has agreed to develop more than 6,100 lithium-rich acres in Arkansas with Tetra Technologies Inc, the second move this year by the oil giant for control of assets needed to produce the electric vehicle battery metal. Exxon’s rapid expansion into the lithium sector comes amid growing interest by…
(Reuters) -U.S. Treasury Secretary Janet Yellen said she hopes to travel to China to reestablish contact with Beijing, acknowledging there were disagreements between the two countries, MSNBC on Wednesday reported her saying during an interview. The are heightened tensions and pessimism in the U.S.-China relationship over national security issues, including Taiwan, Russia’s war in Ukraine,…
By Pete Schroeder WASHINGTON (Reuters) -Big U.S. banks sailed through the Federal Reserve’s annual health check on Wednesday, in a vote of confidence for a sector still recovering from turmoil earlier this year and facing an uncertain economic outlook. The Fed’s “stress test” exercise showed lenders, including JPMorgan Chase, Bank of America, Citigroup, Wells Fargo,…
By Casey Hall SHANGHAI (Reuters) – When tech giant Apple joined China’s livestreaming frenzy, a major driving force of the e-commerce boom in the world’s second biggest economy, it launched without deep discounts or a celebrity host to pull millions of viewers. Yet Apple’s show, hosted by product experts offering tips on making movies with…
By Dietrich Knauth NEW YORK (Reuters) – U.S. electric truck manufacturer Lordstown Motors began its bankruptcy case embroiled in litigation, laying out disputes with estranged partner Foxconn, rival electric vehicle manufacturer Karma Automotive, the U.S. Securities and Exchange Commission and several investor groups during its first court appearance. Lordstown filed for bankruptcy protection in Wilmington,…
By Stephen Nellis MENLO PARK, California (Reuters) – Oracle Corp is spending “billions” of dollars on chips from Nvidia Corp as it expands a cloud computing service targeting a new wave of artificial intelligence (AI) companies, Oracle founder and Chairman Larry Ellison said on Wednesday. Oracle’s cloud division is working to gain ground against larger…
By Brendan O’Brien and Kanishka Singh CHICAGO/WASHINGTON (Reuters) -Hazy, smoke-filled skies from raging Canadian wildfires hovered Wednesday over the U.S. Midwest and East, where millions of Americans were urged to limit outdoor activities as the poor air quality made for dangerous, unhealthy conditions. Much of the Midwest – from western Iowa through Illinois and Wisconsin…
By Greg Bensinger and Diane Bartz SAN FRANCISCO/WASHINGTON (Reuters) -The leaders of Microsoft and Activision Blizzard on Wednesday sought to allay antitrust concerns that a proposed $69 billion merger of the two companies would unlawfully concentrate power, with Microsoft CEO Satya Nadella saying that making Activision games exclusive would make “no strategic sense.” The Federal…
WASHINGTON (Reuters) – General Sergei Surovikin, the deputy commander of Russia’s military operations in Ukraine, was sympathetic to mercenary chief Yevgeny Prigozhin’s weekend rebellion, U.S. officials said on Wednesday, though it was unclear if he actively supported it. Prigozhin startled the world by leading an armed revolt on Saturday that brought his Wagner Group fighters…
(Reuters) – Ukrainian forces are advancing “slowly but surely” on the front lines in the east and southeast of the country as well as around the longstanding flashpoint of Bakhmut, senior military officials said on Wednesday. Since launching an anticipated counter-offensive this month, nearly 16 months into the war, Ukraine says it has reasserted control…
