Jun 16, 2022
Coke bottler Coca-Cola HBC depleting stock in Russia

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…

Jun 15, 2022
Wall Street rallies to close higher after Fed statement

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…

Jun 15, 2022
Global tech on edge as WTO weighs e-commerce tariffs

By Philip Blenkinsop and Emma Farge GENEVA (Reuters) -The global technology industry is pressing the World Trade Organization to exempt data flows from cross-border tariffs, saying a failure to do so would undermine a global recovery already threatened by spiralling…

Jun 15, 2022
Amazon picks California town as first to receive drone deliveries

(Reuters) - Amazon.com Inc said that customers in Lockeford, California would be among the first to receive drone deliveries later this year. This would be the first time Amazon makes drone deliveries to the public, and it follows several pilots…

Jun 14, 2022
Ford recalls 49,000 U.S. Mach-E EVs over potential power loss

By David Shepardson WASHINGTON (Reuters) -Ford Motor Co said Tuesday it is recalling about 49,000 Mustang Mach-E electric vehicles in the United States because a part could overheat and result in a loss of propulsion power. The No. 2 U.S.…

Jun 13, 2022
Morgan Stanley CEO sees 50% chance of U.S. recession

By Elizabeth Dilts Marshall NEW YORK (Reuters) -There is a 50% chance the U.S. economy will enter a recession though any downturn is unlikely to be severe, Morgan Stanley CEO James Gorman said on Monday, warning of a "bumpy" ride…

Jun 13, 2022
SpaceX faces NASA hurdle for Starship backup launch pad

By Joey Roulette WASHINGTON (Reuters) - NASA wants Elon Musk's SpaceX to ensure its plan to launch its next-generation Starship rocket from Florida would not put at risk nearby launch infrastructure critical to the International Space Station, a senior space…

Jun 12, 2022
Dashed peak inflation hopes spell more pain for stocks and bonds

By David Randall and Davide Barbuscia NEW YORK (Reuters) -Blistering inflation is threatening to reignite twin declines in U.S. stocks and bonds, leaving investors with few places to hide from a Federal Reserve that appears headed for its most aggressive…