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…

Jun 11, 2022
Meta probing Sheryl Sandberg’s use of company resources – WSJ

(Reuters) - Lawyers are investigating Meta Platforms Inc's outgoing operations chief Sheryl Sandberg's use of company resources over several years, the Wall Street Journal reported on Friday, citing people familiar with the matter. Several employees have been interviewed in connection…

Jun 09, 2022
U.S. household wealth drops for first time in 2 years

(Reuters) -U.S. household wealth declined for the first time in two years in the first quarter of 2022 as a drop in the stock market overwhelmed continued gains in home values, a Federal Reserve report on Thursday showed. Household net…

Jun 07, 2022
Buy now, pay later stocks roiled by Apple’s entry

(Reuters) - Shares of buy now, pay later (BNPL) companies stumbled on Tuesday as the entry of Apple Inc threatened to ratchet up competition in a sector reeling from geopolitical tensions, regulatory scrutiny and rising interest rates. The service, called…