(Corrects range of price cuts in Japan in last paragraph to between 3% and 4%, not 3% and $5) BEIJING (Reuters) – Tesla on Friday said it would offer new buyers of its top-selling electric vehicles in China a cash bonus equivalent to almost $500 if they have a referral from an existing owner, deepening…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -Investors are on edge ahead of Friday’s U.S. jobs report after more evidence of economic resilience cemented expectations of higher rates for longer and sent yields to a 16-year high. Unexpected strength in the labor market, which showed private payrolls surged in June, sent the two-year U.S. Treasury…
By Pavel Polityuk KYIV (Reuters) – Ukraine would welcome receiving cluster munitions from the United States because they would have an “extraordinary psycho-emotional impact” on Russian forces, a senior Ukrainian official said on Friday. Three U.S officials speaking on condition of anonymity this week said a weapons aid package that includes cluster munitions fired by…
(Reuters) – Fisker missed its production target for the second quarter due to shortage of components, the electric vehicle startup disclosed on Friday, sending its shares down 2% in premarket trading. The California-based company produced 1,022 units of its Ocean SUV in the quarter ended June, lower than 1,400-1,700 vehicles it had projected. “A few…
A look at the day ahead in U.S. and global markets from Mike Dolan The seeming serenity of June markets has finally been broken by summer storms as a blistering selloff in bonds snowballed following news of buoyant U.S. job creation last month that stiffens expectations for more interest rate rises. A trio of U.S….
By Karl Plume CHICAGO (Reuters) – U.S. corn export dominance is fading in an increasingly competitive global marketplace as Brazil, aided by a new supply agreement with China, is set to out-ship the U.S. for just the second time ever this season. Meanwhile, Mexico, America’s other top market, is preparing to limit imports of genetically…
By David Alire Garcia MEXICO CITY (Reuters) – The police showed up two days after a Catholic clergyman at a church near the Nicaraguan capital Managua delivered a Sunday sermon in May that included a prayer “for our priests.” The officers played an audio clip of the prayer and warned: These kinds of things are…
By Riddhima Talwani and Rajendra Jadhav NEW DELHI/MUMBAI (Reuters) – Restaurants of fast food chain McDonald’s have dropped tomatoes from their burgers and wraps in many parts of India, hit by supply shortages and quality concerns after prices of the vegetable soared to records. In some regions, wholesale prices of the staple of traditional Indian…
By Amy Tennery NEW YORK (Reuters) – A new era is dawning for the U.S. women’s national soccer team, as the most diverse squad the program has ever produced will pursue an unprecedented third consecutive title when the World Cup kicks off this month in Australia and New Zealand. The squad represents a major shift…
By Daniel Wiessner (Reuters) -Uber Technologies Inc, DoorDash Inc and other app-based food delivery companies filed lawsuits on Thursday seeking to strike down New York City’s novel law setting a minimum wage for delivery workers. The companies filed separate complaints in New York state court claiming the law, which takes effect July 12, is based…
