Business
Saudi, UAE investors plan to invest in SpaceX – The Information
(Reuters) -A unit of Saudi Arabia’s investment fund and an Abu Dhabi-based company are planning to invest in a multi-billion dollar funding…
Business
House Republicans subpoena labor authorities in Starbucks union dispute
(Reuters) -The House Education and Labor Committee on Wednesday issued a subpoena to the National Labor Relations Board (NLRB), alleging officials of…
Business
Fed’s Powell: SVB management ‘failed badly,’ need changes to bank oversight
By Ann Saphir (Reuters) -The management of Silicon Valley Bank “failed badly,” Federal Reserve Chair Jerome Powell said on Wednesday, but its…
Business
Bitcoin falls 4.5% to $26,916
(Reuters) – Bitcoin dropped 4.5% to $26,916 at 20:07 GMT on Wednesday, losing $1,276 from its previous close. Bitcoin, the world’s biggest…
Business
ECB to watch bank rates for signs of stress, Lagarde says
FRANKFURT (Reuters) -The European Central Bank’s interest rate increases are just starting to take effect on the economy but their effect may…
Business
Jack Daniel’s trademark fight over dog toy goes to U.S. Supreme Court
By John Kruzel and Andrew Chung WASHINGTON (Reuters) – The U.S. Supreme Court on Wednesday is set to hear a trademark clash…
Business
As Fed meeting looms, economists see central bank balance sheet in new light
By Michael S. Derby WASHINGTON (Reuters) – Historic Federal Reserve lending to banks in the wake of Silicon Valley Bank’s collapse punched…
Business
UK inflation surprise pressures BoE to raise rates again
By David Milliken and William Schomberg LONDON (Reuters) – British inflation unexpectedly rose to 10.4% in February, pushed up by higher food…
Business
First Republic may rely on US backing to facilitate deal – Bloomberg News
(Reuters) – Wall Street CEOs and U.S. officials discussing a deal for First Republic Bank are exploring the possibility of government backing…
Business
Mexico makes lots of electric cars, but few Mexicans drive them
By Aida Pelaez-Fernandez MEXICO CITY(Reuters) – With Tesla Inc’s plan to open a $5 billion Gigafactory in Mexico, the country should soon…