Marketmind: Biden, Republicans set for debt ceiling face-off
(Reuters) – A look at the day ahead in U.S. and global markets from Samuel Indyk. Another day, another meeting…
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Musk tells Tesla staff he must approve all hiring- memo
(Reuters) – Tesla Inc CEO Elon Musk has said that the company can make no new hires unless he personally…
Euro zone Q1 GDP growth confirmed at 0.1% q/q, Q1 exports jump
BRUSSELS (Reuters) – Euro zone economic growth was 0.1% quarter-on-quarter in the first three months of the year, the EU’s…
Macquarie raises hurdles to CDP joining KKR bid for Telecom Italia grid
By Elvira Pollina and Giuseppe Fonte MILAN (Reuters) -Australian fund Macquarie is raising legal hurdles over a plan backed by…
Investors lift equity allocations to 5-month high – BofA survey
LONDON (Reuters) – Investors lifted equity allocations to a 5-month high but cash levels also increased to 5.6%, even as…
Tesla applies to expand Shanghai plant, add pouch battery cell output
(Reuters) – Tesla Inc has applied for regulatory clearance to expand its Shanghai plant and to begin producing for the…
US on track for June 1 default without debt ceiling hike, Treasury says
By David Lawder, Andrea Shalal WASHINGTON (Reuters) -The U.S. Treasury Department reiterated Monday it expects to be able to pay…
EU must build cutting-edge computer chips – industry chief Breton
By Toby Sterling ANTWERP, Belgium (Reuters) – EU industry chief Thierry Breton on Tuesday touted the European Chips Act passed…
Morgan Stanley weighs cutting 7% of Asia investment bank jobs-source
(Reuters) -Morgan Stanley is considering a 7% cut in its Asia-Pacific investment banking workforce, or about 40 jobs, according to…
Nelson Peltz adds to Disney stake following share sale – Bloomberg News
(Reuters) -Nelson Peltz, the activist investor who launched and then gave up a proxy fight earlier this year at Walt…