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

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

US wheat crop hit by dry winter then soggy spring, adding to global tightness

May 31 (Reuters) – North Dakota farmer Dwight Grotberg wanted to plant more wheat this spring to capitalize on soaring prices since Russia’s invasion of Ukraine cut grain exports and left the world short of millions of tonnes of wheat supply. Heavy rain has prevented Grotberg from planting as much wheat crop as he wanted … Read more

Wall St. Week Ahead: Stock rally fanned by hopes of Fed ‘past peak hawkishness’

NEW YORK, May 27 (Reuters) – Bad news may once again be good news on Wall Street, as signs of slowing US growth fan hopes that the Federal Reserve may not need to tighten policy as much as previously expected. Home sales have fallen for a third straight month, while big misses from retail giants … Read more

Exclusive: Danone ramps up US baby formula shipments to address shortage

LONDON/LOS ANGELES, May 20 (Reuters) – Aptamil maker Danone SA (DANO.PA) has stepped up shipments of infant formula from Europe to address a shortage in the United States, according to US customs data and an analysis of ocean cargo data by shipping consultancy Ocean Audit for Reuters. Danone, the world’s second biggest baby milk formula … Read more

Shares slide as global growth fears mount

FILE PHOTO – An investor sits in front of a board showing stock information at a brokerage office in Beijing, China, December 7, 2018. REUTERS/Thomas Peter Register now for FREE unlimited access to Reuters.com register BEIJING/HONG KONG, May 19 (Reuters) – Asian stocks slid on Thursday, tracking a steep Wall Street selloff, as investors worried … Read more

Wall Street ends sharply higher, fueled by Apple

Walmart slides after cutting earnings forecast April retail sales rise in line with estimates S&P 500 +2.02%, Nasdaq +2.76%, Dow +1.34% May 17 (Reuters) – Wall Street finished sharply higher on Tuesday, lifted by Apple, Tesla and other megacap growth stocks after strong retail sales in April eased worries about slowing economic growth. Ten of … Read more

Exclusive: India’s Reliance to acquire dozens of brands in $6.5 billion consumer goods play

Customers buy grocery items inside a superstore of Reliance Industries Ltd, in Mumbai, India, October 7, 2020. REUTERS/Niharika Kulkarni/File Photo Register now for FREE unlimited access to Reuters.com register India retail giant plans big push in consumer goods business Reliance in late-stage talks with 30 brands for deals-source Indian firm is hiring distributors, executives for … Read more

Wall Street whipsaws, S&P closes lower on worries of prolonged inflation

Producer prices decelerate in April S&P 500 flirts with bear market confirmation Tapestry jumps after upbeat Q3 results Indexes: Dow down 0.33%, S&P off 0.13%, Nasdaq up 0.06% NEW YORK, May 12 (Reuters) – US stocks ended a whipsaw session slightly lower on Thursday, as investors juggled signs of peaking inflation with fears that it … Read more