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…
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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…
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…
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…
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 VP announces $1.5 billion for aid for Ukraine at peace summit in Switzerland
By Steve Holland LUCERNE, Switzerland (Reuters) – U.S. Vice President Kamala Harris announced more than $1.5 billion in aid in…
Novo Nordisk CEO to testify in US Senate hearing on high cost of Ozempic, Wegovy
(Reuters) -The Senate Committee on Health, Education, Labor, and Pensions said on Friday that Novo Nordisk CEO Lars Jorgensen has…
Musk wins pay approval but still faces Tesla’s floundering stock and rich valuation
By Noel Randewich (Reuters) – Tesla shareholders approved CEO Elon Musk’s $56 billion pay package in a what was seen…
Musk says Tesla shareholders voting in favor of his $56 billion pay package
By Hyunjoo Jin, Abinaya V and Greg Roumeliotis (Reuters) -Tesla shareholders were set to approve Elon Musk’s $56 billion pay…
Fed policymakers see just one rate cut this year, 4 cuts in 2025
By Ann Saphir (Reuters) – U.S. central bankers believe they’ll cut interest rates just once this year, two fewer than…