Fed lifts rates, Powell leaves door open to another hike in September
By Howard Schneider and Michael S. Derby WASHINGTON (Reuters) -The Federal Reserve raised interest rates by a quarter of a…
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California, other states move to block 3M’s $10.3 billion PFAS deal
By Clark Mindock (Reuters) -A group of 22 states and U.S. territories on Wednesday moved to block a proposed $10.3…
In challenge to Tesla, automakers launch US EV charging network
By Abhirup Roy and Jarrett Renshaw (Reuters) -Seven major automakers on Wednesday said they were forming a new company to…
Ship carrying nearly 3,000 cars ablaze off Dutch coast, crew member dead
By Charlotte Van Campenhout and Rishabh Jaiswal AMSTERDAM (Reuters) -A fire blazed on a cargo ship off the Dutch coast…
Chipotle sales disappoint Wall St as price hikes taper
By Deborah Mary Sophia and Kailyn Rhone (Reuters) -Chipotle Mexican Grill missed Wall Street estimates for quarterly sales on Wednesday…
United Airlines details temporary Newark, New Jersey airport flight cuts
By David Shepardson WASHINGTON (Reuters) – United Airlines said on Wednesday its decision to cut about 15 flights from its…
Gulf central banks raise key interest rates by 25 bps, mirroring Fed
By Alaa Swilam and Yomna Ehab CAIRO/DUBAI (Reuters) – Most Gulf central banks increased their key interest rates on Wednesday…
US commercial property delinquencies rise further in July -report
By Matt Tracy (Reuters) – Nearly $12 billon of loans in U.S. commercial mortgage-backed securities (CMBS) became newly delinquent, pushing…
U.S. stocks close little changed as Fed leaves door open
By Carolina Mandl and Bansari Mayur Kamdar (Reuters) – U.S. stocks ended Wednesday little changed following a Federal Reserve rate…
Mattel expects Barbie bounceback to spark toy sales
By Savyata Mishra (Reuters) -Mattel is banking on the box office success of the “Barbie” movie to help drive doll…