By David Shepardson WASHINGTON (Reuters) – The head of the U.S. auto safety agency’s defects investigation office said on Wednesday he has left the agency to join Amazon.com’s self-driving unit Zoox. Stephen Ridella, who had served as director of the National Highway Traffic Safety Administration’s (NHTSA) Office of Defects Investigation since 2017, oversaw key investigations…
By Steve Keating TORONTO (Reuters) – After being hit with a couple of LIV Golf bombshells, COVD-19 and even forest fires, it is doubtful that any PGA Tour event has endured more adversity than the Canadian Open. The world’s third-oldest national open championship the Canadian Open is taking a double hit this week, pushed out…
By David Morgan and Gram Slattery WASHINGTON (Reuters) -The U.S. House of Representatives will postpone all votes until next week, Speaker Kevin McCarthy said on Wednesday, as a conservative revolt paralyzed the Republican Party’s efforts to advance its agenda in Washington. The standoff between U.S. House Speaker Kevin McCarthy and a hardline faction of his…
By Helen Coster (Reuters) -CNN Chairman and Chief Executive Chris Licht has stepped down from the media company, effective immediately, parent company Warner Bros. Discovery said on Wednesday. The company said that as it seeks Licht’s replacement, it has put in place an interim leadership team including Amy Entelis, EVP of talent and content development;…
By Shubham Batra, Shristi Achar A and David Carnevali (Reuters) – The S&P 500 and Nasdaq closed in negative territory on Wednesday as investors took profits after a months-long megacap stocks run and ahead of key economic and policy events next week. The small-cap index Russell 2000 climbed 1.78% as investors kept moving away from…
WASHINGTON (Reuters) – Steve Bannon, a onetime adviser to former President Donald Trump, has been subpoenaed by a federal grand jury in Washington in connection with special counsel Jack Smith’s investigation into the Jan. 6, 2021, attacks on the U.S. Capitol, NBC News reported on Wednesday, citing sources. The subpoena, for documents and testimony, was…
By Hannah Lang, Manya Saini and Niket Nishant (Reuters) -Coinbase Chief Executive Brian Armstrong on Wednesday hit back at U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler over the agency’s lawsuit against the crypto exchange, calling him an “outlier,” while also reassuring customers that their funds were safe. The SEC on Tuesday alleged Coinbase…
By James Oliphant (Reuters) – Florida Governor Ron DeSantis defended flying planeloads of migrants across the country during a trip to the U.S. southern border on Wednesday, as he looks to make hardline immigration policies a central tenet of his 2024 presidential bid. The Republican candidate’s stop in Arizona came a day after the state…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. An interest rate decision from India and revised Japanese GDP will be the big local drivers for Asian markets on Thursday, with wider sentiment soured by a profit-taking slump in U.S. tech stocks and a surprising rate hike…
SAN FRANCISCO (Reuters) – Nikola adjourned its shareholder meeting on Wednesday after failing to garner enough support for a proposal to increase the number of shares the electric truck maker is allowed to issue, delaying its prospects of raising much-needed capital. Nikola has been urging shareholder for weeks to vote in favor of the so-called…
