BEIJING (Reuters) – The United States is the true “empire of lies”, the Chinese foreign ministry said on Saturday, lashing…
GM, Ford chiefs clash with UAW as union expands strikes
By David Shepardson and Joseph White DETROIT (Reuters) – The chief executives of GM and Ford blasted United Auto Workers…
Ford CEO says UAW holding labor deal ‘hostage’ over fate of battery plants
By David Shepardson WASHINGTON (Reuters) – Ford Motor Chief Executive Jim Farley on Friday accused the United Auto Workers union…
Robinhood sees $100 million costs tied to regulatory issues in third quarter
(Reuters) – Robinhood Markets expects a $100-million charge in the third quarter to resolve some legal and regulatory matters that…
Automakers say they face $14 billion in fines from Biden’s ‘unfeasible’ fuel rules
By David Shepardson WASHINGTON (Reuters) – The Biden administration proposal to hike fuel economy standards through 2032 is not feasible…
RBC pumps capital into Californian bank unit City National
By Nivedita Balu and Jaiveer Shekhawat TORONTO (Reuters) -Royal Bank of Canada (RBC) on Friday said it had injected capital…
Nike shares jump on leaner inventory, better margins outlook
By Savyata Mishra (Reuters) -Nike shares climbed as much as 11% on Friday as the company further trimmed its inventory…
Factbox-US government shutdown: What closes, what stays open?
(Reuters) -U.S. government services would be disrupted and hundreds of thousands of federal workers would be told not to work…
Tesla’s deliveries expected to fall on plant shutdowns, soft demand
By Aditya Soni (Reuters) – Tesla may miss estimates for third-quarter deliveries due to planned factory shutdowns and soft demand…
Meta’s new AI assistant trained on public Facebook and Instagram posts
By Katie Paul MENLO PARK, California (Reuters) -Meta Platforms used public Facebook and Instagram posts to train parts of its…