How free-wheeling Texas became the self-driving trucking industry’s promised land

FORT WORTH, Texas, June 17 (Reuters) – For companies working to make self-driving trucks a near-term reality, all roads lead to Texas. Vast highways, a booming freight market and, crucially, the least restrictive laws governing autonomous vehicles (AVs) in the United States have turned Texas into the industry’s most desired location. Several companies, including Aurora … Read more

EXCLUSIVE China’s central bank accepts Ant’s application for financial holding company – sources

The logo of Ant Group is pictured at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song Register now for FREE unlimited access to register PBOC taking application signals license may come soon – sources Financial holding license to pave way for Ant market … Read more

How crypto lender Celsius stumbled on risky bank-like investments

Celsius Network logo and representations of cryptocurrencies are seen in this illustration taken, June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to register June 15 (Reuters) – Celsius Network, the retail crypto lending platform whose liquidity problems have felt cryptocurrencies plunging, stumbled on complex investments in the wholesale digital asset … Read more

S&P 500 confirms bear market as recession worry grows

Expectations for 75 basis point hike in June climb Wall Street ‘fear gauge’ surges to one-month high S&P 500 hits lowest level since March 2021 NEW YORK, June 13 (Reuters) – US equities tumbled on Monday, with the S&P 500 confirming it is in a bear market, as fears grow that the expected aggressive interest … Read more

US agency upgrades Tesla Autopilot safety probe, step before possible recall

WASHINGTON, June 9 (Reuters) – The National Highway Traffic Safety Administration (NHTSA) on Thursday said it was upgrading its probe into 830,000 Tesla (TSLA.O) vehicles with its advanced driver assistance system Autopilot, a required step before it could seek a recall. The auto safety agency in August opened a preliminary evaluation to assess the performance … Read more

China’s exports surge on easing COVID curbs, trade outlook still fragile

China May exports grow at double-digit pace, blows past forecast China May imports also beat f’cast, first expansion in 3 months Data adds to signs of China’s economic recovery from COVID outbreaks Trade outlook still faces risks from high raw material costs, Ukraine war BEIJING, June 9 (Reuters) – China’s exports grew at a double-digit … Read more

US retailers cut prices but services keep inflation hot

WASHINGTON, June 9 (Reuters) – Major US retailers like Target Corp (TGT.N) and Walmart Inc (WMT.N) have been cutting prices to clear overstocked warehouses, but hotel revenue is pouring in as daily room rates and occupancy have broken above pre-pandemic levels. Used car prices are no longer surging at the chart-topping pace that drove an … Read more

ECB signals rates lift-off, eyes bigger move in September

Promises 25 bps July rate hike Says will hike again in Sept and bigger move possible Inflation rising, broadening Lagarde press conference at 1230 GMT FRANKFURT/AMSTERDAM, June 9 (Reuters) – The European Central Bank ended a long-running stimulus scheme on Thursday and said it would deliver next month its first interest rate hike since 2011, … Read more

Shares slide as sentiment ebbs on rate fears, yields rise

Investors cautious ahead of ECB meeting, US CPI data White House expects next inflation numbers to be elevated Crude surges to 13-week high on rising US demand Global growth worries sap investment sentiment NEW YORK, June 8 (Reuters) – US and European stocks slid on Wednesday as the outlook for rate hikes sullied sentiment, while … Read more

Wall Street stock trading rules set for overhaul-sources

US Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, US, September 14, 2021. REUTERS/Evelyn Hockstein Register now for FREE unlimited access to register WASHINGTON/NEW YORK, June 8 (Reuters) – US regulators are going to … Read more