Rivian to benefit next year as EV battery material prices ease – CFO
(Reuters) -Electric-vehicle maker Rivian Automotive will benefit late this year and in 2024 from a significant deflation for battery material…
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U.S. mortgage rates fall for a second week but hold above 7%
By Amina Niasse NEW YORK (Reuters) – Key U.S. mortgage interest rates fell for a second week but held above…
Explainer-Do I need to worry about COVID again?
By Deena Beasley and Julie Steenhuysen (Reuters) – New data from scientists and vaccine makers Moderna and Pfizer/BioNTech suggests that…
Stocks fall, dollar and yields up after US services data
By Caroline Valetkevitch NEW YORK (Reuters) – World stock indexes fell while the benchmark U.S. Treasury yield rose and the…
GameStop rides on online pivot, videogame demand to beat estimates
By Akash Sriram (Reuters) -GameStop on Wednesday beat Wall Street estimates for quarterly revenue and posted a smaller-than-expected loss, buoyed…
Big Tech’s core businesses face overhaul under EU tech rules
By Supantha Mukherjee and Martin Coulter (Reuters) -The European Union has picked out 22 so-called “gatekeeper” services, run by six…
SoftBank’s Arm starts IPO road show in Baltimore to court T. Rowe Price
By Echo Wang and Anirban Sen NEW YORK (Reuters) -Arm Holdings Ltd, the chip designer owned by SoftBank Group Corp,…
Oil prices settle at 10-month high as Saudi, Russia extend supply cuts
By Shariq Khan BENGALURU (Reuters) – Oil prices rose a dollar a barrel on Tuesday to their highest since November,…
Central banks’ rate hike push slips into August lull, EM diverging
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) -Central banks across major developed and emerging economies took a breather in…
Biden takes shot at Trump on jobs in critical state of Pennsylvania
By Trevor Hunnicutt and Jeff Mason PHILADELPHIA (Reuters) -U.S. President Joe Biden on Monday took shots at his likely 2024…