By Dhara Ranasinghe, Sujata Rao and Yoruk Bahceli LONDON (Reuters) - The fastest rate-hiking cycle in decades and inflation nearing double-digits has got investors scouring market moves and data to gauge whether the world economy is headed for recession. Business…
By Maki Shiraki and Satoshi Sugiyama TOKYO (Reuters) - Toyota Motor shares slipped after it recalled some of its first mass-made all-electric cars, launched two months ago, because of a risk of wheels coming loose, a setback to its ambitions…
By David Shepardson WASHINGTON (Reuters) -U.S. consumers lodged more than quadruple the number of complaints against U.S. airlines in April compared with pre-pandemic levels as on-time arrivals fell, according to a report Thursday. The U.S. Department of Transportation (USDOT) announced…
By Kanishka Singh WASHINGTON (Reuters) -U.S. Senate Majority Leader Chuck Schumer on Wednesday said he will put bipartisan legislation on lowering insulin costs to a vote on the Senate floor "very soon." "The cost of insulin has skyrocketed in recent…
By Lewis Krauskopf, Devik Jain and Anisha Sircar (Reuters) - Wall Street's major indexes jumped over 2% on Tuesday as investors scooped up shares of megacap growth and energy companies after the stock market swooned last week on worries over…
(Reuters) - The power grid operator in the Central United States said on Tuesday that it started to take some steps to make sure utilities are ready to keep the lights on as consumers crank up their air conditioners during…
By Nandita Bose and Kanishka Singh REHOBOTH BEACH, Del. (Reuters) -U.S. President Joe Biden said on Monday that a decision on whether to pause a federal gasoline tax could come by the end of this week, as the United States…
(Reuters) - Japan's Sony and Honda Motor on Thursday officially agreed to an equally owned joint venture that will start selling electric cars in 2025. Honda, like bigger rival Toyota Motor, has been slower to shift to electric vehicles (EV)…
By Jessica DiNapoli NEW YORK (Reuters) -Bottler Coca-Cola HBC AG and its existing customers in Russia are "in the process of depleting stock," Coca-Cola Co said in a statement, after Reuters reported that Coke was for sale at a McDonald's…
By Chuck Mikolajczak NEW YORK (Reuters) - The S&P 500 rallied on Wednesday to snap a five-session losing skid after a policy announcement by the Federal Reserve that raised interest rates to market expectations as the central bank seeks to…