Wells Fargo Sees End-of-year U.S. Recession, Cuts GDP View
By Sinéad Carew (Reuters) – Wells Fargo Investment Institute said on Wednesday it reduced its economic expectations with a mild…
Oil Falls 2% As U.S. Refiners Ramp Up Output, Equities Retreat
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices fell over 2% on Wednesday, reversing early gains as traders grew less worried…
Instant View-S&P 500 Tumbles 3% On Target, Tightening Concerns
(Reuters) – Wall Street’s stock indexes tumbled as much as 3% on Wednesday as a growth share rally reversed amid…
U.S. Housing Market Cooling As Building Permits Tumble, Starts Fall
By Lucia Mutikani WASHINGTON (Reuters) – Permits for future U.S. homebuilding tumbled to a five-month low in April, suggesting the…
Carvana’s License To Sell Vehicles In Illinois Suspended – State Official
(Reuters) – Online used-car retailer Carvana Co’s license to sell vehicles in Illinois was suspended on May 10 over the…
Tencent Profit Halves, Revenue Flat As Crackdown And COVID-19 Weigh
By Josh Ye HONG KONG (Reuters) – China’s Tencent reported on Wednesday its quarterly profit halved from a year ago…
Stellantis To Start Reshuffle Of Dealer Network From Austria, Belgium, Netherlands
VERONA, Italy (Reuters) – Stellantis will start a reshuffle of its European dealers’ network next year from Austria, Belgium and…
Analysis-Elon Musk Can’t Easily Give Twitter The Boot Over Bots
By Katanga Johnson and Michelle Price (Reuters) – Elon Musk may find a way to prove his claim that spam…
Qatar to boost investment in Spain by $4.9 billion
BARCELONA, Spain (AP) — Qatar committed Wednesday to investing 4.7 billion euros ($4.9 billion) in Spain as the European country…
China Lockdowns Impeding Supply Chain Recovery, Slowdown Risks Spillovers, Yellen Says
BONN, Germany (Reuters) -U.S. Treasury Secretary Janet Yellen said on Wednesday that COVID-19 lockdowns in China appear to be impeding…