US bill to restrict WuXi AppTec, Chinese biotechs revised to give more time to cut ties
By Karen Freifeld (Reuters) -A new version of a congressional bill that would restrict U.S. business with certain Chinese biotechnology…
May 2024
Fed officials mull whether rates high enough as inflation expectations jump
By Ann Saphir and Howard Schneider NEW ORLEANS (Reuters) -Debate over whether U.S. interest rates are high enough deepened among…
After layoffs, Musk says Tesla to spend $500 million on charging network
(Reuters) -Tesla will spend more than $500 million this year to expand its fast-charging network, CEO Elon Musk said on…
US announces new $400 million military aid package for Ukraine, official says
(Reuters) – The United States is preparing a $400 million military aid package for Ukraine, as the U.S. returns to…
ECB set scene for June rate cut at last meeting, account shows
FRANKFURT (Reuters) -Euro zone inflation remains on track to fall back to 2% next year, so European Central Bank policymakers…
Gold set for best week in five on renewed US rate-cut hopes
By Ashitha Shivaprasad (Reuters) – Gold prices firmed on Friday, poised for their best week since April 5, following recent…
US Post Office chief defends restructuring plan as net loss narrows
By David Shepardson WASHINGTON (Reuters) -U.S. Postmaster General Louis DeJoy defended the Postal Service’s 10-year restructuring plan in the face…
Ford mulls offering gas-powered vehicles, hybrids in Europe beyond 2030
(Reuters) – Ford Motor is considering offering gas-powered vehicles and hybrids beyond 2030 in Europe, a change from its initial…
Apple to power AI servers with its chips, Bloomberg News reports
(Reuters) – Apple will deliver some of its upcoming artificial intelligence features this year through data centers powered by its…
US 30-year fixed-rate mortgage falls to 7.09%, still too high to boost housing
WASHINGTON (Reuters) – U.S. mortgage rates fell this week for the first time in more than a month amid signs…