Summary Summary Companies Major risk for banks involves U.S. sanctions on China-source Banks not given any specific directions for actions-sources Top 3 banks' total China credit exposure about 1%

June 18 (Reuters) - Ford Motor (F.N) Executive Chairman Bill Ford said the United States was not ready yet to compete with China in the production of electric vehicles. "They developed

A sign reads 'We Buy Used Cars!!' at an auto dealership on February 15, 2023 in Glendale, California. DETROIT – Wholesale used vehicle prices reached their lowest level of the year in May, as sales f

The recent bipartisan agreement suspending the debt limit for two years cuts federal spending by $1.5 trillion over a decade, according to the Congressional Budget Office, by essentially freezing some

New details have emerged about Tiger Cool Express’ financial health leading up to the company’s abrupt closure on Tuesday. A source familiar with the situation at the now-shuttered refrigerated rail

If you hopped on Reddit to scroll through your favorite forums this week, you may have encountered “private” or “restricted” messages. That’s because thousands of subreddits chose to go dark in an ong

In the US, the exchange is being sued by two financial regulators - the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission - which say it has been operating in the

Photo-Illustration: Intelligencer On Monday, thousands of the largest communities on Reddit went private, effectively removing themselves from the site. In an instant, Reddit became less interesting

Toyota says it has found a technological breakthrough that will allow it to bring solid state batteries to market as early as 2027. It's one of several advanced battery technologies that will undersc

"It's a thread that's been pulled out of the brand," he says of the Spotify break-up. "If they want to stop it unravelling they've really got to think hard. The biggest question is are they going to l

CNN — After nearly a week of mass protests on Reddit directed at its management, the company’s strategy appears to be simple: power through. That approach was reflected Thursday in a series of media

In this article HD WMT TGT BBY Follow your favorite stocks CREATE FREE ACCOUNT watch now Nearly all Americans are cutting back on their spending in some way, according to a new CNBC and Morning C

What is included in my trial? During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Standard Digital include

CHARLOTTE, N.C. (AP) — Michael Jordan is finalizing a deal to sell the majority share of the Charlotte Hornets, the franchise announced Friday, leaving the 30-team NBA without any Black majority owner

Intel has been planning to build its next-generation semiconductor manufacturing plant in Germany for a long time. Today, we have more information thanks to the Handelsblatt business and financial new

Saudi Foreign Minister Faisal bin Farhan al-Saud (C-R) and Vice Chairman of the Chinese People's Political Consultative Conference (CPPCC) Hu Chunhua attend 10th Arab-China Business Conference in Riya

In this article BABA BABA Follow your favorite stocks CREATE FREE ACCOUNT Alibaba founder Jack Ma is "happy," according to the company's President Michael Evans. Te comments come as speculation abou

Since 1999, David Kang has pursued a peculiar hobby. That year, after Fortune released its annual Fortune 500 issue, Kang began to wonder about where chief executives of companies on the list had atte

GM and Samsung SDI are building a $3 billion EV battery cell plant in Indiana The automaker plans to produce over one million EVs annually by 2025. General Motors and Samsung SDI have chosen Indiana

What is included in my trial? During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Standard Digital include

The National Music Publishers' Association (NMPA) is suing Twitter on behalf of 17 music publishers representing the biggest artists in the business. The lawsuit, filed in federal court in Tennessee,

Instant Brands, the parent company of beloved kitchenware and houseware brands like Pyrex glassware and Instant Pot, has filed for Chapter 11 bankruptcy protection. Glass Casserole STOCK PHOTO/Getty

[1/3] A logo of The UPSIDE Foods plant, where lab-grown meat is cultivated, is seen in Emeryville, California, U.S. January 11, 2023. REUTERS/Peter DaSilva June 14 (Reuters) - Californi

Elon Musk called the framework that evaluates companies' social and sustainability standards "the devil" on Wednesday. The billionaire tech boss highlighted a report showing tobacco stocks scoring mo

Twitter is a cesspool of copyright infringements, according to music publishers who are suing the Elon Musk-owned social media platform. In a lawsuit filed in Tennessee yesterday (June 14), the Natio

CNN — The buzzy new social media app of the moment looks so much like Twitter it’s almost hard to distinguish the two. The profiles, timelines and colors are nearly identical. Even the creator is the

Many people assume that Twitter was the reason for Jack Dorsey’s impressive fortune, but that actually isn’t the case. When Elon Musk acquired Twitter in October 2022 for $44 billion, Dorsey held a mo

New York CNN — Negotiators for UPS and the Teamsters union have reached a tentative agreement on a crucial issue in their contract talks: The shipping giant has finally agreed to install air conditio

So-called core inflation rose 0.4% on the month and was still up 5.3% from a year ago, indicating that while price pressures have eased somewhat, consumers are still under fire. The consumer price in

Oil prices will remain under pressure until the Fed eases up on monetary tightening, Bank of America said. Meanwhile, Saudi Arabia is trying to boost oil prices by cutting production. Energy markets

Lisa Su displays an ADM Instinct M1300 chip as she delivers a keynote address at CES 2023 at The Venetian Las Vegas on January 04, 2023 in Las Vegas, Nevada. AMD said on Tuesday its most-advanced GPU

June 13 (Reuters) - Amazon.com (AMZN.O) said cloud services offered by its unit, Amazon Web Services (AWS), were restored after a big disruption on Tuesday affected websites of the New Y

Photo-Illustration: Curbed; Photos: Getty When office brokers talk about the “flight to quality” — the trend of brand-new trophy towers leasing up while older ones languish — One Vanderbilt is the ki

New York CNN — Instant Brands, the maker of Instant Pot, Corelle, and Pyrex, among other products, has filed for bankruptcy. The Chapter 11 bankruptcy filing came on Monday. Chapter 11 bankruptcy al

A lawsuit filed in Manhattan federal court in November sought to hold JPMorgan financially liable for Epstein’s decades-long abuse of teenage girls and young women. Mike Segar via Reuters JPMorgan Ch

June 12 (Reuters) - Chipmaker GlobalFoundries (GFS.O) and missile manufacturer Lockheed Martin (LMT.N) on Monday announced their partnership to secure domestic semiconductor supply for d