(Reuters) – U.S. chip designer Qualcomm Inc and cloud-based software firm Salesforce Inc plan to develop a new connected vehicle…
China has a 10,000 euro cost advantage in small EVs, auto supplier says
By Joseph White LAS VEGAS (Reuters) – Chinese automakers can build an electric vehicle (EV) for 10,000 euros ($10,618) less…
U.S. trade deficit shrinks sharply as imports tumble
WASHINGTON (Reuters) – The U.S. trade deficit contracted by the most in nearly 14 years in November as slowing domestic…
Factbox-Why are tech firms leading job cuts in Corporate America?
(Reuters) – Big Tech firms are leading a string of layoffs across corporate America as companies look to rein in…
Fed’s George: It will be key to hold rates up once hikes end
By Michael S. Derby NEW YORK (Reuters) – Kansas City Federal Reserve leader Esther George said on Thursday that she…
Ford reports smaller drop in 2022 U.S. sales as inventory levels improve
(Reuters) – Ford Motor Co on Thursday posted a smaller decline in annual U.S. sales compared to a year earlier,…
Fed’s Bostic: Officials “remain determined” to beat inflation
WASHINGTON (Reuters) – Inflation is the biggest headwind facing the U.S. economy right now and U.S. Federal Reserve officials “remain…
Real estate broker Compass to cut more jobs to deal with housing downturn
(Reuters) – Real estate broker Compass Inc said on Thursday it would cut more jobs to deal with a downturn…
Heavy discounts drive record U.S. online holiday spending – report
(Reuters) -U.S. online spending during the 2022 holiday season rose by a better-than-expected 3.5%, a report by Adobe Analytics showed,…
U.S. private payrolls beat expectations in December – ADP
WASHINGTON (Reuters) – U.S. private payrolls increased more than expected in December, pointing to still-strong demand for labor despite higher…