Jun 21, 2022
Wall Street gains over 2% in broad rebound

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…

Jun 21, 2022
Extreme heat to test U.S. Midwest power grid this week

(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…

Jun 17, 2022
Sony, Honda sign JV to sell electric cars by 2025

(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)…

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…