Record high prices, rising mortgage rates dampen US home sales
By Lucia Mutikani WASHINGTON (Reuters) -U.S. existing home sales fell for a third straight month in May as record-high prices…
Month: June 2024
Apple to delay launch of AI-powered features in Europe, blames EU tech rules
By Foo Yun Chee BRUSSELS (Reuters) – Apple will delay launching three new artificial intelligence features because landmark European Union…
Tesla must face owners’ lawsuit claiming it monopolizes vehicle repairs and parts
By Jonathan Stempel (Reuters) – A U.S. judge said Tesla vehicle owners can pursue a proposed class action accusing billionaire…
Chile lithium projects garner interest from over 50 companies
By Fabian Cambero and Daina Beth Solomon SANTIAGO (Reuters) – More than 50 companies have expressed interest in developing lithium…
AI fever drives Nvidia’s rise to world’s most valuable company
By Lewis Krauskopf NEW YORK (Reuters) – Nvidia has become the world’s most valuable company following a staggering rally in…
Huge tech ETF set to buy $10 billion in Nvidia shares
By Suzanne McGee and Lisa Pauline Mattackal (Reuters) – One of the world’s largest technology funds is set to ramp…
Boeing CEO to tell Congress planemaker culture ‘far from perfect’
WASHINGTON (Reuters) – Boeing CEO Dave Calhoun will tell a U.S. Senate Committee on Tuesday the planemaker understands concerns about…
Tesla kicks off legal fight to reinstate Musk’s pay
By Tom Hals WILMINGTON, Delaware (Reuters) – Tesla began its fight for legal recognition of a shareholder vote favoring Elon…
Goldman Sachs raises S&P 500 year-end target to 5,600
(Reuters) – Goldman Sachs has raised its 2024 year-end target for the S&P 500 Index to 5,600 from 5,200 earlier,…
US Treasury, IRS to close $50 billion tax loophole on partnerships
By David Lawder WASHINGTON (Reuters) -The U.S. Treasury and Internal Revenue Service said on Monday they will close a tax…