Two Federal Reserve officials said on Monday that the U.S. economy is growing rapidly and that while the labor market still has room for improvement, inflation is already at a level that could satisfy one leg of a key test for the beginning of rate hikes.
Italy's antitrust authority AGCM will investigate McDonald's terms and conditions in its agreements with franchise operators following several complaints, according to an AGCM document seen by Reuters.
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The author of a report alleging institutional racism inside HSBC has resigned, citing frustration at its response to some of his criticism and a lack of support from white colleagues, two internal emails seen by Reuters show.
Mining companies say they do not fear a plan by China's CATL to make an electric vehicle (EV) battery without lithium or other key metals because the new design will have a limited range and more-powerful rival battery technologies will gobble up minerals supply in coming years.
Daniel Loeb's hedge fund, Third Point, told investors on Friday that it made a new bet on upscale home goods retailer RH and is urging management at Walt Disney Co to do more to unlock the full potential of its streaming service.
Ford Motor Co confirmed Thursday it hopes to cut 1,000 U.S. salaried positions as it offers voluntary incentives to leave to some white-collar employees in select areas.
Chipmaker Qualcomm Inc said on Thursday it had offered to buy Swedish auto parts maker Veoneer Inc for $4.6 billion, an 18.4% premium to a bid in July by Canada's Magna International Inc that was accepted by Veoneer's board.
Wall Street jumped on Thursday as U.S. unemployment claims declined further last week, while a drop in shares of health insurer Cigna dragged healthcare stocks lower.
A Boeing Co 737 Max jet departed for China on Wednesday to conduct a flight test as part of the U.S. planemaker's attempt to gain approval in the vital travel market following two fatal crashes, people familiar with the matter said.
Detroit's Big Three automakers plan to announce on Thursday that they aspire to have 40% to 50% of new vehicle sales by 2030 be electric models as they call for billions in U.S. government assistance to meet aggressive targets, sources briefed on the matter said.
The UK government is considering blocking chip designer Nvidia Corp's $40 billion acquisition of British peer Arm Ltd on potential national security risks, Bloomberg News reported on Tuesday, citing people familiar with the matter. (https://bit.ly/3A3h9hG)
Governments and local authorities around the world have for decades put domestic companies first in the massive public procurement decisions they make with taxpayer money.
Electric vehicle sales at China's Li Auto and Xpeng Inc more than tripled in July from a year ago, while they doubled at Nio Inc, helped by robust demand for new energy automobiles in the world's biggest auto market.
JPMorgan said on Monday that Chinese regulatory changes were a local, rather than a global, problem and that the bank remained overweight emerging market equities.
