S&P 500 sinks to two-year low as bear market deepens

S&P 500 lowest since November 2020 Utilities and consumer discretionary sectors lead declines Investors worried about slowing corporate earnings growth Indices: Dow -0.74%, S&P 500 -0.57%, Nasdaq -0.24% Sep 27 (Reuters) – Wall Street sank deeper into a bear market on Tuesday, with the S&P 500 hitting a two-year intraday low as Federal Reserve policymakers … Read more

Sunwing union opposes Canadian carrier’s plans to hire foreign pilots

Canada’s Liberal Prime Minister Justin Trudeau makes an announcement inside the Sunwing Airlines hangar during his campaign tour in Mississauga, Ontario, Canada, September 3, 2021. REUTERS/Carlos Osorio/File Photo Join now for FREE unlimited access to Reuters.com Register September 25 (Reuters) – The pilots’ union at Sunwing Airlines said it was urging the Canadian government to … Read more

Wall St Week Ahead Investors wonder when vicious sell-off in U.S. stocks will end

A specialist trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 22, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 23 (Reuters) – A week of heavy selling has rocked U.S. stocks and bonds, and many investors are bracing for … Read more

Stocks tumble, dollar soars and bonds plunge as recession fears grow

Dow ready to confirm its bear market MSCI All-World Index at 2-year low The dollar hits a new high in two decades Pound, gilts sell off after UK ‘mini-budget’ NEW YORK/LONDON, Sept 23 (Reuters) – U.S. and European stocks fell on Friday, the dollar hit a 22-year high and bonds sold off again as fears … Read more

Project Veritas loses jury verdict to Democratic consulting firm

Political activist James O’Keefe, currently CEO of Project Veritas, speaks during the annual meeting of the Conservative Political Action Conference (CPAC) in National Harbor near Washington, United States, March 1, 2019. REUTERS/Yuri Gripas/File Photo/File Photo Join now for FREE unlimited access to Reuters.com Register September 23 (Reuters) – A federal jury has found Project Veritas, … Read more

IDB directors unanimously recommend firing of Claver-Carone after ethics probe

Visitors walk past a display bearing the Banco Interamericano de Desarrollo (BID) logo at the Atlapa convention center in Panama City March 13, 2013. REUTERS/Carlos Jasso Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 22 (Reuters) – The board of directors of the Inter-American Development Bank voted unanimously on Thursday to recommend … Read more

U.S. lawmakers pile pressure on big banks over China ties, Taiwan

Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 22 (Reuters) – Top U.S. bankers on Wednesday came under pressure from lawmakers to take a tougher stance on trade relations with China amid growing tensions between Washington and Beijing over Taiwan sovereignty. and China’s human rights record. In a hearing before the U.S. … Read more

Europe burns cash to help businesses in deepening energy crisis

Join now for FREE unlimited access to Reuters.com Register Gas prices in Europe soared amid Ukraine crisis Utilities face a cash crunch Germany ‘will do everything possible’ to help businesses Russian mobilization triggers soaring oil prices BERLIN/LONDON, Sept 21 (Reuters) – Germany nationalized gas importer Uniper (UN01.DE) on Wednesday and Britain said it would cut … Read more

Mexican used-car startup Kavak lands $810 mln in debt financing

Join now for FREE unlimited access to Reuters.com Register MEXICO CITY, Sept 20 (Reuters) – Mexican used-car platform Kavak said on Tuesday it had secured $675 million in funding from HSBC (HSBA.L) to support the company’s car loan offerings, s adding to other recently agreed lines of credit with Goldman Sachs and Santander totaling $135 … Read more

Elon Musk faces skeptics as Tesla gets ready to unveil ‘Optimus’ robot

SAN FRANCISCO, Sept 20 (Reuters) – Tesla (TSLA.O) chief executive Elon Musk has blamed overreliance on factory robots for sending the electric car maker into “the production hell” four years ago, claiming that humans are better at certain jobs. My, how times have changed. Musk’s Texas-based company is now proposing ambitious plans to deploy thousands … Read more