Automakers win extension on use of Chinese graphite in EV tax credits
By David Shepardson and David Lawder WASHINGTON (Reuters) – The U.S. Treasury Department on Friday gave automakers additional flexibility on…
Category: Business
Cboe posts higher profit as market volatility boosts options trading
By Pritam Biswas and Laura Matthews (Reuters) -Cboe Global Markets reported a rise in first-quarter profit on Friday, as strong…
Exclusive-Tesla retreats from next-generation ‘gigacasting’ manufacturing process
By Norihiko Shirouzu and Giulio Piovaccari AUSTIN, Texas (Reuters) – Tesla has backed away from an ambitious plan for innovations…
NYCB short sellers stare at $42 million in losses after post-earnings rally, Ortex says
By Niket Nishant and Manya Saini (Reuters) – Traders shorting New York Community Bancorp’s stock were sitting on more than…
US prosecutors examining financial transactions at Block, NBC News reports
(Reuters) -U.S. prosecutors are examining financial transactions at Block, NBC News reported on Wednesday, citing two people with direct knowledge…
US construction spending falls in March
WASHINGTON(Reuters) – U.S. construction spending unexpectedly fell in March likely as a resurgence in mortgage rates weighed on homebuilding, but…
Boeing taps debt market to raise $10 billion, sources say
By Allison Lampert, Matt Tracy and Shankar Ramakrishnan (Reuters) -Boeing on Monday tapped debt markets to raise $10 billion, after…
Morgan Stanley shareholders urged to vote against pay proposal by proxy adviser
By Tatiana Bautzer NEW YORK (Reuters) -Morgan Stanley shareholders should vote against its proposal for executive pay at the bank’s…
Crypto company Tether invests $200 million in brain-chip maker Blackrock Neurotech
By Elizabeth Howcroft LONDON (Reuters) – Crypto company Tether has invested $200 million in Blackrock Neurotech, taking a majority stake…
Exclusive-Chinese brokerage CICC cutting dealmakers’ base pay by 25%, sources say
By Selena Li and Julie Zhu HONG KONG/SHANGHAI (Reuters) -China International Capital Corp (CICC) is cutting the base pay of…