Nike veteran Hill to replace Donahoe as CEO; shares jump
By Juveria Tabassum, Nicholas P. Brown (Reuters) -Nike said on Thursday that former senior executive Elliott Hill will rejoin the…
September 2024
Fed’s relaxed bank-capital plan faces FDIC pushback, Bloomberg News reports
(Reuters) – The U.S. Federal Reserve’s watered-down version of a landmark bank capital proposal is facing resistance from the Federal…
GM’s Cruise to begin testing autonomous vehicles in California
(Reuters) – General Motors’ self-driving unit Cruise said on Thursday it will begin supervised testing with up to five autonomous…
World Bank climate finance reaches record $42.6 billion in fiscal 2024
WASHINGTON (Reuters) -The World Bank Group said on Thursday it delivered a record $42.6 billion in climate finance during fiscal…
Trump Media shares face potential sell-off as insider selling restrictions lift
By Medha Singh and Noel Randewich (Reuters) – While former U.S. President Donald Trump has said he will not sell…
Amazon adds chatbot for its sellers, boosting automation
By Greg Bensinger (Reuters) – Amazon.com announced on Thursday a new artificial intelligence application that it says will help its…
Why Fed rate cuts matter to world markets
LONDON (Reuters) – When the Federal Reserve delivers a widely-anticipated interest rate cut on Wednesday, its first in four years,…
Boeing to temporarily furlough tens of thousands of employees
By David Shepardson (Reuters) -Boeing said on Wednesday the planemaker will temporarily furlough tens of thousands of employees after about…
Workers at Musk’s Tesla, SpaceX and X donate to Harris while he backs Trump
By Sheila Dang (Reuters) – Billionaire Elon Musk has endorsed Republican former President Donald Trump in the race for the…
US 30-year mortgage rate falls to two-year low of 6.15%
(Reuters) – The interest rate for the most popular U.S. home loan fell last week to its lowest level in…