By Nicole Jao NEW YORK (Reuters) -Oil prices settled lower on Friday, and posted their steepest weekly loss in three months as investors weighed weak U.S. jobs data and possible timing of a Federal Reserve interest rate cut. Brent crude futures for July settled 71 cents lower, or 0.85%, to $82.96 a barrel. U.S. West […]

By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators said on Friday they have opened an investigation into whether Tesla’s recall of more than 2 million vehicles announced in December to install new Autopilot safeguards is adequate following a series of crashes. The National Highway Traffic Safety Administration (NHTSA) said it opened the probe after […]

(Corrects APRIL 25 Factbox to show Nippon Steel-U.S Steel is a proposed deal awaiting regulatory approval, bullet point 4) (Reuters) -BHP Group has bid $38.8 billion for smaller rival Anglo American, offering a deal to forge the world’s biggest copper miner. Here is a list of some previous big-ticket deals in the mining sector: – […]

By Manas Mishra and Sriparna Roy (Reuters) -Biogen reported a quarterly profit that topped Wall Street estimates, helped by cost cutting, as the launch of its new Alzheimer’s disease drug remained sluggish. Sales of Alzheimer’s drug Leqembi, recorded by Japanese partner Eisai, were just $19 million for the quarter, compared to analysts’ tempered expectations of […]

By Chibuike Oguh NEW YORK (Reuters) -Wall Street stocks ended higher on Monday following a market sell-off in previous sessions as investors eyed a busy week for quarterly results from key companies that would provide a glimpse of the U.S. economy’s health. The benchmark S&P 500 and the Nasdaq rebounded from a decline over the […]

(Reuters) – Concern about the rapidly rising U.S. government debt is partly behind recent surges in gold prices and bitcoin, even as the Treasury market so far remains relatively sanguine about the country’s fiscal path, market observers say. The U.S. budget deficit widened to $1.7 trillion in fiscal year 2023 and is on track to […]

By Marta Nogueira and Fabio Teixeira OIAPOQUE, Brazil (Reuters) – State-run energy firm Petrobras has hit growing resistance from Indigenous groups and government agencies to its premier exploration project, which would open the most promising part of Brazil’s northern coast to oil drilling. Environmental agency Ibama denied Petrobras a license for exploratory drilling offshore in […]

By Hyunjoo Jin, Norihiko Shirouzu and Chris Kirkham (Reuters) – Elon Musk has kept investors hanging since he issued cryptic social posts following an exclusive April 5 Reuters report that Tesla had scrapped its plans for a $25,000 “Model 2” electric vehicle. “Reuters is lying,” Musk wrote in one post that day, without identifying any […]