By Lewis Krauskopf NEW YORK (Reuters) – The coming week will give investors a fresh view into the health of the U.S. economy with the release of a closely watched employment report that could help determine the trajectory of interest rates in the months ahead. Stocks are heading into December with the benchmark S&P 500…
(Reuters) -BlackRock, State Street and Vanguard have been sued by Texas and 10 other Republican-led states, which said the large asset managers violated antitrust law through climate activism that resulted in reduced coal production and higher energy prices. Wednesday’s complaint filed in the federal court in Tyler, Texas, is among the highest profile lawsuits targeting…
MILAN (Reuters) -Stellantis will again halt auto production at its historic Italian Mirafiori plant from Dec. 2 to Jan. 5 due to continuing poor sales for the electric Fiat 500 city car made there, the automaker said on Wednesday. Reuters had reported earlier this month that trade unions were expecting another production stoppage at the…
(Reuters) – Shares of warehouse automation firm Symbotic slumped more than 35% in early trading on Wednesday after the Walmart-backed company delayed the filing of its annual report citing “material weaknesses” in internal control over its financial reporting. Symbotic said it needed more time to assess the financial impacts of correcting a revenue recognition error…
By Ron Bousso and Robert Harvey LONDON -U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil said on Tuesday. “We’re not going to see anybody in ‘drill, baby, drill’ mode,” Liam Mallon, head of Exxon’s upstream…
HANOI (Reuters) – Vietnamese electric vehicle (EV) manufacturer VinFast on Tuesday reported a smaller $550 million net loss for the third quarter compared with a year earlier, helped by lower costs for materials and ramped-up production volumes. The Haiphong, Vietnam-based company delivered 44,773 cars in the first nine months of 2024, more than 55% of…
(Reuters) – Officials from Mexico, Canada and China warned U.S. President-elect Donald Trump’s threat of imposing hefty tariffs on goods from the three largest U.S. trading partners would harm the economies of all involved and would risk aggravating inflation and damaging job markets. In their initial round of responses to Trump’s surprise announcement on Monday…
By Sarah Morland MEXICO CITY (Reuters) – Financial analysts on Tuesday reacted to a threat from U.S. President-elect Donald Trump to impose 25% tariffs on top trade partners Mexico and Canada when he takes office for a second term in January in a move that could trigger a trade war. Mexico is the country’s top…
(Reuters) – Orange will enlist OpenAI and Meta to fine-tune AI Large Language Models (LLMs) to translate regional African languages for the French telecoms operator, it said on Tuesday. The project is slated to start in the first half of 2025 and will initially focus on incorporating regional languages spoken in West Africa into OpenAI’s…
By Jarrett Renshaw (Reuters) – Donald Trump’s transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG) projects and increase oil drilling off the U.S. coast and on federal lands, according to two sources familiar with…
