May 31, 2023
Ford CEO says EV cost parity may not come until after 2030

By Shivansh Tiwary and Paul Lienert (Reuters) - The cost to make electric vehicles may not drop to the level for gas-powered cars until after 2030 when the process becomes simpler and less labor-intensive, Ford Motor Co Chief Executive Jim…

May 30, 2023
U.S. holiday air passenger travel tops 2019 pre-COVID levels

By David Shepardson WASHINGTON (Reuters) -U.S. holiday air passenger travel topped 2019 pre-COVID levels over the Memorial Day weekend, which typically marks the start of the busy U.S. summer air travel season, figures from the U.S. Transportation Security Administration (TSA)…

May 27, 2023
Biden sounds hopeful on debt ceiling, Treasury warns of June 5 default

By Steve Holland, Moira Warburton and Rami Ayyub WASHINGTON (Reuters) -Democratic President Joe Biden and a Republican negotiator said on Friday they were working on a deal to raise the U.S. government's $31.4 trillion debt ceiling after the Treasury Department…

May 26, 2023
Debt ceiling deal may shift investor focus to further Fed action

By David Randall NEW YORK (Reuters) - A last-minute deal to raise the U.S. $31.4 trillion debt ceiling will likely shift Wall Street's attention to other emerging risks, including further Federal Reserve interest rate hikes and an expected reduction in…

May 25, 2023
Wall Street ends higher as Nvidia sparks rush for AI stocks

By Noel Randewich and Shreyashi Sanyal (Reuters) - Wall Street ended sharply higher on Thursday after a blowout forecast from Nvidia sent the chipmaker's stock soaring and fueled a rally in AI-related companies, while investors watched for signs of progress…