Mar 01, 2024
S&P 500, Nasdaq close at fresh records on AI boost, easing yields

By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks rose on Friday, with the S&P 500 and Nasdaq closing at record highs, as technology stocks rallied on continued enthusiasm for artificial intelligence, with further support from declining Treasury yields. The gains…

Mar 01, 2024
Airbus has explored buying Spirit A220 wings plant, sources say

By Tim Hepher and Allison Lampert PARIS/MONTREAL (Reuters) -Airbus and Spirit AeroSystems have explored the idea of the European planemaker taking over a plant in Belfast, Northern Ireland, where Spirit makes wings for the A220 but no such deal is…

Mar 01, 2024
Europe’s STOXX 600 hits record high in strong start to March

By Ankika Biswas and Khushi Singh (Reuters) -Europe's benchmark index hit a new record high on Friday propelled by rate-sensitive stocks, with investors continuing to cheer upbeat corporate earnings while looking past data that showed core prices remained stubbornly high.…

Mar 01, 2024
Toyota recalling 380,000 trucks over axle issue

By David Shepardson (Reuters) -Toyota Motor said Friday it is recalling about 380,000 trucks in the United States over an axle issue that could increase the risk of a crash. The recall covers 2022 and 2023 model year Tacoma vehicles…

Mar 01, 2024
US to probe if Chinese cars pose national data security risks

By David Shepardson WASHINGTON (Reuters) -The United States is opening an investigation into whether Chinese vehicle imports pose national security risks and could impose restrictions due to concerns about "connected" car technology, the White House said on Thursday. The U.S.…

Mar 01, 2024
Fed’s Mester said banks’ Discount Window access needs tweaks

By Michael S. Derby NEW YORK (Reuters) - Federal Reserve Bank of Cleveland President Loretta Mester said Thursday she favors taking more concrete steps to make sure banks are ready to use a central bank liquidity facility aimed at helping…

Feb 29, 2024
Wells Fargo is sued over response to fake accounts scandal

By Jonathan Stempel (Reuters) - Wells Fargo, which has spent years trying to extricate itself from its fake accounts scandal, was sued on Thursday for allegedly not doing enough to help customers who were harmed. The lawsuit was filed in…

Feb 29, 2024
US mortgage rates rise for a fourth-straight week, Freddie Mac says

By Amina Niasse NEW YORK (Reuters) - U.S. mortgage rates rose for a fourth-straight week, Freddie Mac reported on Thursday, reaching a two-month high and again becoming a factor impeding traffic among rate-sensitive prospective home buyers. The average rate on…