WASHINGTON (Reuters) – Ford Motor said on Wednesday it is recalling 35,000 Mustang Mach-E electric vehicles because high voltage battery main contactors may overheat resulting in a loss of driving power. The new recall of 2021 and 2022 model year Mach-E vehicles with extended range followed an August investigation by the National Highway Traffic Safety…
By Stephen Culp NEW YORK (Reuters) – Wall Street stocks tumbled and crude prices surged on Wednesday as escalating Middle East turmoil prompted a broad sell-off and stoked oil supply concerns. All three major U.S. stock indexes shed 1% or more, closing near session lows. Momentum stocks, led by Nvidia, Tesla Inc and Amazon.com, pulled…
By David Morgan and Makini Brice WASHINGTON (Reuters) -Hardline Republican Jim Jordan picked up support for his campaign to lead the U.S. House of Representatives on Monday as he aimed to bulldoze opposition within his own party by applying pressure in a series of public votes. Several of Jordan’s fellow Republicans said they would support…
By Saeed Azhar and Nupur Anand NEW YORK (Reuters) -Bank of America reported unrealized losses of $131.6 billion on securities in the third quarter, growing from the second quarter, but the bank does not expect the portfolio will generate actual losses in the long-term. Unrealized losses have come under closer scrutiny by investors since March….
By Alexandra Alper, Karen Freifeld and Stephen Nellis WASHINGTON (Reuters) -The Biden administration plans to halt shipments to China of more advanced artificial intelligence chips designed by Nvidia and others, part of a raft of measures released on Tuesday that seek to stop Beijing from receiving cutting-edge U.S. technologies to strengthen its military. The rules,…
By Patricia Zengerle WASHINGTON (Reuters) – U.S. Senate leaders said on Tuesday they expect President Joe Biden to send them a request by the end of this week for billions of dollars in assistance for Israel, Ukraine and Taiwan and for security at the U.S. border. The size of the request was not known, but…
By Zeba Siddiqui SAN FRANCISCO (Reuters) – U.S. Senator Michael Bennet on Tuesday sought information on how tech giants Meta, X, TikTok and Google were trying to stop the spread of false and misleading content about the Israel-Hamas conflict on their platforms. “Deceptive content has ricocheted across social media sites since the conflict began, sometimes…
By Trevor Hunnicutt, Jarrett Renshaw and Humeyra Pamuk WASHINGTON/TEL AVIV (Reuters) -U.S. President Joe Biden’s White House is wrestling with thorny security and political challenges as officials consider a potential trip to Israel that may hold longer-term diplomatic advantages for Biden. Prime Minister Benjamin Netanyahu invited Biden, who has been outspoken in his support for…
(Reuters) – Snap shares jumped 11% on Monday after a media report said the social media company is expected to have more than 475 million daily active users (DAUs) in 2024, above Wall Street expectations. The user number reported by the Verge on Friday, citing an internal memo from CEO Evan Speigel to employees, exceeded…
(Reuters) – Goldman Sachs on Monday said it expects industrial metals markets to remain vulnerable to incremental softness in the near term due to deteriorating demand and the impact from higher interest rates. “Building and construction activity remains the weakest segment, but there were downdrafts now noted in volume appetite from most other sectors, with…
