By Lucia Mutikani WASHINGTON (Reuters) - New orders for U.S.-made capital goods and shipments increased solidly in May, pointing to sustained strength in business spending on equipment in the second quarter, but rising interest rates and tighter financial conditions could…
By Leroy Leo and Mrinalika Roy (Reuters) - Biotech investors nursing losses from stock price falls are now focusing on firms which are closer to getting their drugs to market, rather than those at the early stages of development. This…
By Lucia Mutikani WASHINGTON (Reuters) - Sales of new U.S. single-family homes unexpectedly rose in May, but the rebound is likely to be temporary as home prices continue to increase and the average contract rate on a 30-year fixed-rate mortgage…
By Katanga Johnson and John McCrank WASHINGTON (Reuters) -Wall Street regulators must do more to address market risks highlighted by the "meme-stock" trading frenzy of January 2021 that pitted individual GameStop Corp investors against powerful hedge funds, a congressional report…
By Maki Shiraki and Satoshi Sugiyama TOKYO (Reuters) - Toyota Motor shares slipped after it recalled some of its first mass-made all-electric cars, launched two months ago, because of a risk of wheels coming loose, a setback to its ambitions…
By David Shepardson WASHINGTON (Reuters) -U.S. consumers lodged more than quadruple the number of complaints against U.S. airlines in April compared with pre-pandemic levels as on-time arrivals fell, according to a report Thursday. The U.S. Department of Transportation (USDOT) announced…
By Kanishka Singh WASHINGTON (Reuters) -U.S. Senate Majority Leader Chuck Schumer on Wednesday said he will put bipartisan legislation on lowering insulin costs to a vote on the Senate floor "very soon." "The cost of insulin has skyrocketed in recent…
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…
(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…
(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)…