Uber, Lyft Slump As U.S. Proposal On Workers A Potential Blow To Gig Economy
(Reuters) – Shares of Uber Inc, Lyft Inc and Doordash Inc fell about 10% on Tuesday on fears that a…
European Shares Hit Over One-week Low As Recession Worries Weigh
By Devik Jain and Amruta Khandekar (Reuters) -European shares fell for a fifth straight session on Tuesday, as investors fretted…
American Airlines hikes 3Q revenue forecast on strong summer
FORT WORTH, Texas (AP) — American Airlines said Tuesday that its revenue rose faster than expected over much of the…
Honda, LG to build $3.5B battery plant, hire 2,200 in Ohio
COLUMBUS, Ohio (AP) — Honda says it will build a $3.5 billion joint-venture battery factory in rural southern Ohio and…
Labor proposal could upend rules for gig workers, companies
The Biden administration proposed new standards Tuesday that could make it more difficult to classify millions of workers as independent…
Wall St Falls On Worries Of Lower Third-quarter Corporate Profit; Amgen Jumps
By Shreyashi Sanyal (Reuters) – U.S. stocks fell on Tuesday in the run-up to third-quarter results from companies as profit…
Oil Falls On Fears Of Global Recession, China COVID Flare-up
By Alex Lawler LONDON (Reuters) -Oil prices fell about 2% on Tuesday, extending the previous session’s almost 2% decline, as…
General Motors broadens electric goals with new division
General Motors, which plans to go almost entirely electric by 2035, is creating a new energy division that will produce…
Bank of England expands push to stabilize financial markets
LONDON (AP) — The Bank of England on Tuesday expanded its emergency effort to quash upheaval on financial markets unleashed…
IMF dims outlook for 2023 global economy amid Ukraine war
WASHINGTON (AP) — The International Monetary Fund is downgrading its outlook for the world economy for 2023, citing a long…