By David Shepardson WASHINGTON (Reuters) -General Motors Co and LG Energy Solution do not plan to move forward with a…
U.S. home sales drop to 12-year low; price growth cools
By Lucia Mutikani WASHINGTON (Reuters) – U.S. existing home sales plunged to a 12-year low in December, but declining mortgage…
Feds seized nearly $700 million from FTX founder Bankman-Fried
By Dietrich Knauth (Reuters) – Federal prosecutors have seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in…
South Korean exports fall 2.7% in Jan 1-20 period
SEOUL (Reuters) – South Korea’s exports for the first 20 days of January fell 2.7% from a year earlier, but…
Unions press Biden administration to not change EV tax credit rules
By David Shepardson WASHINGTON (Reuters) – Major unions and public interest and environmental groups are urging President Joe Biden to…
Tech stock rebound faces doubters with earnings season ahead
By Lewis Krauskopf NEW YORK (Reuters) – A spate of earnings reports in coming weeks is set to test a…
Wall Street rallies to end higher on Alphabet, Netflix lift
By Chuck Mikolajczak (Reuters) – U.S. stocks rallied to close higher on Friday, as the S&P 500 and Dow snapped…
U.S. House eyes creating task force on flawed aviation computer system
By David Shepardson WASHINGTON (Reuters) -The U.S. House of Representatives plans to take up bipartisan legislation next week to establish…
Alphabet cuts 12,000 jobs after pandemic hiring spree, refocuses on AI
By Jeffrey Dastin (Reuters) – Google’s parent Alphabet Inc is cutting about 12,000 jobs as it faces “a different economic…
Biden, McCarthy to meet on debt limit as Yellen warns of consequences
By Andrea Shalal and Jeff Mason DAKAR/WASHINGTON (Reuters) -Treasury Secretary Janet Yellen on Friday warned that the U.S. government cannot…