Anticipating US Downturn, Elon Musk Details Tesla Staff Cuts
By Andrew Mills, Yousef Saba and Hyunjoo Jin DOHA (Reuters) -Elon Musk, CEO of Tesla, said a 10% cut in…
UK rail strike strands commuters, pits workers against govt
LONDON (AP) — Tens of thousands of railway workers walked off the job in Britain on Tuesday, bringing the train…
Fed’s Powell facing rising criticism for inflation missteps
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell won praise for his deft leadership during the maelstrom of the pandemic…
U.S. Home Sales Slump Further; Median House Price Hits Record High
By Lucia Mutikani WASHINGTON (Reuters) -U.S. existing home sales tumbled to a two-year low in May as prices jumped to…
Oil Climbs $1 Per Barrel On Strong Demand, Tight Supply
By Arathy Somasekhar HOUSTON (Reuters) -Oil rose $1 per barrel on Tuesday on high summer fuel demand while supplies remained…
Kellogg To Focus On Snacks With Surprise Three-way Split
By Praveen Paramasivam and Deborah Mary Sophia (Reuters) -Snack and cereal giant Kellogg said on Tuesday it would split into…
U.S. Existing Home Sales Drop To Two-year Low In May
WASHINGTON (Reuters) – U.S. existing home sales tumbled to a two-year low in May as prices jumped to a record…
Home sales give way as prices enter unprecedented territory
Sales of previously occupied U.S. homes slowed for the fourth consecutive month as climbing mortgage rates and record high prices…
Mr. Powell Goes to Washington, FedEx Earnings on Tap
Market Recap Markets endured its worst week since March of 2020. The move comes as we exit the artificial world…
U.S. Supreme Court Rejects Bayer Bid To Nix Roundup Weedkiller Suits
WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday rejected Bayer AG’s bid to dismiss legal claims by customers who…