By David Shepardson WASHINGTON (Reuters) - General Motors said on Thursday it expects significant reductions in electric vehicle production costs in 2024 as it boosts output of higher-profit models. GM Chief Financial Officer Paul Jacobson said at a Barclays event…
By Patricia Zengerle WASHINGTON (Reuters) - U.S. congressional armed services committee leaders vowed on Wednesday that a must-pass $886 billion defense policy bill will be enacted this year, despite disputes over social issues dividing Republicans and Democrats. "I'm optimistic we…
By Hannah Lang (Reuters) - The U.S. government will cut off cryptocurrency companies from the broader U.S. economy if they fail to block and report illicit money flows, Deputy Treasury Secretary Wally Adeyemo warned the industry on Wednesday. Speaking at…
By Nidal al-Mughrabi, Mohammed Salem and Emily Rose GAZA/JERUSALEM (Reuters) -Sixteen people who were being held hostage in Gaza were handed over to Israeli officials on Wednesday, the second and last day of an extended truce in the Gaza war…
By Anirban Sen and Deena Beasley (Reuters) -U.S. health insurer Cigna is in talks to merge with peer Humana, a source familiar with the matter said on Wednesday, a deal that could exceed $60 billion in value and would be…
By Maha El Dahan, Olesya Astakhova and Alex Lawler DUBAI/LONDON (Reuters) -OPEC+ talks on 2024 oil policy ahead of a Thursday ministerial meeting were focusing on an additional oil supply cut to support the market, although the details were yet…
By Michael S. Derby NEW YORK (Reuters) - Cleveland Federal Reserve President Loretta Mester said on Wednesday that an easing of inflation pressures has given the U.S. central bank time to decide the next move in its monetary policy path.…
By Medha Singh and Saqib Iqbal Ahmed (Reuters) -Retail traders powered a nearly 20% jump in GameStop shares to a two-month high in regular trading on Wednesday, extending a rally ahead of the company's quarterly results next week and underscoring…
LONDON (Reuters) -Uber will open up its platform to London's black cabs next year, the ride-hailing firm said on Wednesday, trying to win over the British capital's taxis after a decade of tensions. London's black cab drivers - who have…
By Chibuike Oguh NEW YORK (Reuters) - Shares of German sandal maker Birkenstock extended their gains on Wednesday, hitting the initial public offering price for the first time, following a buoyant holiday shopping season. Strong spending by U.S. shoppers during…