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

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

EXCLUSIVE Beijing gives initial nod to revive Ant IPO after crackdown cools-sources

Ant aims to file preliminary prospectus as soon as July-sources Ant needs CSRC’s guidance on timing of prospectus filing-source Ant says there is no plan to relaunch its IPO-statement Warburg Pincus valued Ant at $180 bln at end-March-source HONG KONG, June 9 (Reuters) – China’s central leadership has given billionaire Jack Ma’s Ant Group a … 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

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

Record exports help shrink US trade deficit

Ships and shipping containers are pictured at the port of Long Beach in Long Beach, California, US, January 30, 2019. REUTERS/Mike Blake Register now for FREE unlimited access to register Trade deficit drops 19.1% to $87.1 bln in April Exports increase 3.5%; imports decline 3.4% Trade on track to add to GDP growth in … Read more

Amazon stock split may draw retail traders in tough market

The logo of Amazon is seen at the company’s logistics center in Bretigny-sur-Orge, near Paris, France, December 7, 2021. REUTERS/Gonzalo Fuentes/Files Register now for FREE unlimited access to register NEW YORK, June 6 (Reuters) – Amazon’s (AMZN.O) stock split may provide some solace to shareholders who have seen the e-commerce giant’s shares battered this … Read more

A Coming Crypto Storm for Central Banks? Focus on digital money intensifies

Representations of virtual cryptocurrencies are placed on US Dollar banknotes in this illustration taken November 28, 2021. REUTERS/Dado Ruvic Register now for FREE unlimited access to register NEW YORK, June 2 (Reuters) – Digital money, a curiosity just a few years ago, is emerging as an intense concern among central banks with the potential … Read more