By Hyunjoo Jin SAN FRANCISCO (Reuters) – Elon Musk said on Wednesday that electric vehicle (EV) giant Tesla likely will launch full self-drive technology this year and generate significant profits that offset some of the margin pressure it’s facing due to aggressive price cuts. “I hesitate to say this but I think we’ll do it…
By Brendan O’Brien (Reuters) -Three Alabama teenagers have been taken into custody and charged with murder in last week’s shooting at a “Sweet 16” birthday party that left four dead and 32 wounded, state police said on Wednesday. Two suspects – Ty Reik McCullough, 17, and Travis McCullough, 16 – both from Tuskegee, were arrested…
By Doug Barrett and Brendan O’Brien LIBERTY, Missouri (Reuters) – An 84-year-old white man charged in the shooting and wounding of a Black teenager who mistakenly walked up to the man’s house in Kansas City pleaded not guilty to felony charges on Wednesday during his first court appearance in the case. Andrew Lester would face…
By Khalid Abdelaziz and Nafisa Eltahir KHARTOUM/CAIRO (Reuters) -A new attempt at a ceasefire in fierce fighting between Sudanese troops and paramilitary forces in Khartoum failed on Wednesday, leaving people fearful about dwindling food supplies and a breakdown in medical services. The 24-hour ceasefire – lobbied for by countries trying to evacuate their citizens after…
By Jack Queen (Reuters) – Fox News on Tuesday disposed of one legal threat with its $787.5 million defamation settlement with Dominion Voting Systems, but the network still faces a $2.7 billion lawsuit from another voting technology company, Smartmatic USA, over its coverage of debunked election-rigging claims. Dominion accused Fox and its parent company Fox…
(Reuters) – Walt Disney World said on Wednesday it would break ground next year on a planned affordable housing development in Central Florida. The unit of Walt Disney Co said it plans to provide 1,400 housing units on 80 acres (32.4 hectares) of land “a few miles away” from the Magic Kingdom and near schools…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said Wednesday that inflation is still at problematic levels and the U.S. central bank will act to lower it, in comments that noted recent stress in the banking sector will likely weigh on economic activity. “Inflation is still…
By Prerana Bhat and Indradip Ghosh BENGALURU (Reuters) – The U.S. Federal Reserve will deliver a final 25-basis-point interest rate increase in May and then hold rates steady for the rest of 2023, according to economists in a Reuters poll, which also showed a short and shallow recession this year was likely. Worries about an…
By Richard Cowan and Andy Sullivan WASHINGTON (Reuters) -Republican U.S. House Speaker Kevin McCarthy on Wednesday unveiled a plan to raise the nation’s debt ceiling by $1.5 trillion and cut federal spending by three times that amount, laying out an opening position in what is likely to be a tense partisan debate over government borrowing….
By Lewis Krauskopf, Sruthi Shankar and Ankika Biswas (Reuters) – The S&P 500 ended virtually unchanged on Wednesday while the Dow dipped as investors digested a mixed bag of corporate earnings, including upbeat reports from medical technology companies, countered by weakness in Netflix shares. The Dow was weighed down by declines in Walt Disney Co…
