BEIJING (Reuters) – China’s lithium prices rebounded on Friday after a powerful earthquake hit Chile’s major lithium producing region, although growing demand concerns weighed on the metal used in electric vehicle batteries. The most-traded November lithium carbonate futures on the Guangzhou Futures Exchange rose 2.9% to 89,800 yuan ($12,356.89) per metric ton on Friday, having…
By Saeed Azhar and Jonathan Stempel NEW YORK (Reuters) -Citigroup urged a judge to dismiss a lawsuit by a former managing director who accused the bank of firing her in retaliation for refusing to give regulators false information. The third-largest U.S. bank said it lawfully terminated Kathleen Martin because she lacked the leadership and engagement…
By Jason Lange WASHINGTON (Reuters) – U.S. voters see Republican presidential candidate Donald Trump as the better candidate for the economy but prefer his Democratic rival President Joe Biden’s approach on preserving democracy, a new Reuters/Ipsos poll found. The three-day poll that concluded on Sunday showed that less than five months before the Nov. 5…
By Ann Saphir (Reuters) – Federal Reserve policymakers waiting to see renewed progress on inflation before reducing borrowing costs got some encouraging data on Wednesday with a government report showing inflation eased a bit in April. The 3.4% rise in the consumer price index from a year earlier, and the 0.3% increase from March,…
By Sruthi Shankar and Medha Singh (Reuters) – GameStop and AMC Entertainment have again captured retail investors’ attention, reminiscent of “the meme stock frenzy” that gripped Wall Street three years ago, following social media posts from the leading figure behind that rally “Roaring Kitty”. Here is what you need to know about the recent surge…
By Casey Hall and Sophie Yu SHANGHAI (Reuters) -Sales fell for the first time ever at China’s blowout mid-year e-commerce sales festival as consumers remain cautious about spending as the economy sputters, according to third-party data estimates released on Wednesday. Combined gross merchandise volume (GMV), a widely used proxy for e-commerce sales, reached 742.8 billion…
(Reuters) – Proxy advisory firm Glass Lewis said on Saturday it has urged Tesla shareholders to reject a $56 billion pay package for Chief Executive Officer Elon Musk, which if passed would be the largest pay package for a CEO in corporate America. The report cited reasons like the “excessive size” of the pay deal,…
(Reuters) – COVID-19 vaccine makers said data from animals studies showed their 2024-25 shots targeting the JN.1 variant that was dominant earlier this year could neutralize newer subvariants such as KP.2 much better than the older shots. This was disclosed in presentations by the companies ahead of a meeting of the U.S. Food and Drug…
WASHINGTON (Reuters) – A group of 26 state attorneys general led by West Virginia and Kentucky on Wednesday challenged the Biden administration’s new fuel economy rules, calling the requirements unworkable and forcing automakers to build more electric vehicles. The National Highway Traffic Safety Administration on June 7 finalized tighter vehicle fuel economy rules through 2031…
BORGO EGNAZIA, Italy (Reuters) – Pope Francis became the first pontiff to address a Group of Seven summit on Friday, warning world leaders that Artificial Intelligence must never be allowed to get the upper hand over humanity. An array of global chiefs warmly embraced the 87-year-old pope as he made his way around their huge…
