NEW YORK (AP) — Federal regulators are opening an investigation into whether Tesla’s new steering-wheel-free taxis comply with safety rules, a day after the company began offering rides in the vehicles. The National Highway Traffic Safety Administration said it was looking into whether Tesla was in
WASHINGTON (AP) — The Trump administration announced Friday that it has imposed sanctions on a Turkish financial institution as part of its latest effort to sever “critical financial lifelines” for the Iranian government. The actions against Golden Global Yatirim Bankasi Anonim Sirketi come after Tr
Sept 4 (Reuters) – Citigroup on Friday pushed back its forecast for the Federal Reserve’s next interest-rate cut to June 2027 after a stronger-than-expected U.S. jobs report reinforced views that the labor market remains resilient and reduced the need for near-term monetary easing. The brokerage now
By Ann Saphir and Howard Schneider Sept 4 (Reuters) – Between a strong jobs report Friday that adds to the case for U.S. interest-rate hikes and a novel threat from President Donald Trump to stop trade with some countries unless the Federal Reserve cuts rates, Fed Chairman Kevin Warsh faces a squeez
WASHINGTON, Sept 4 (Reuters) – U.S. President Donald Trump on Friday said that unless the Federal Reserve cut interest rates, he would stop trading with countries with which the United States had a deficit. “High interest rates put the U.S.A. at a very unfair disadvantage, and I won’t allow that to
Sept 4 (Reuters) – U.S. private-credit portfolio values moved further below reported cost in the first half of 2026 as market spreads widened and stress emerged among some borrowers, particularly in the software sector, a Reuters analysis found. The analysis of regulatory filings from 44 U.S. busine
WASHINGTON — The U.S. economy added a surprising 162,000 jobs in August, a solid rebound from July’s decline and a result that beat many economists’ expectations. The stronger-than-expected August report today, providing fresh evidence that the economy is gaining ground under President Donald Trump’
Sept 4 (Reuters) – Wall Street’s main indexes were muted at the open on Friday after a stronger-than-expected jobs reading prompted investors to amplify bets the Federal Reserve could hike interest rates this month. The Dow Jones Industrial Average fell 101.2 points, or 0.19%, at the open to 53,584.
NAIROBI, Kenya (AP) — Kenya’s President William Ruto on Friday directed Tata Chemicals to leave the country, saying the Indian company failed to generate any economic impact in one of Kenya’s most important export sectors. Tata Chemicals produces soda ash from Lake Magadi that is used in the manufac
Sept 4 (Reuters) – U.S. equity funds recorded outflows for a second consecutive week, as rising bond yields and oil prices amid renewed Middle East tensions weighed on sentiment, though strong results from AI-related companies helped limit the selloff. Investors withdrew a net $11.12 billion from U.
Sept 4 (Reuters) – Futures tracking Canada’s blue-chip stocks were subdued on Friday, as investors refrained from placing large bets ahead of crucial U.S. and Canadian jobs reports that could influence monetary policy expectations. September futures on the S&P/TSX index were muted by 06:36 a.m. ET (
NEW YORK, Sept 4 (Reuters) – U.S. job growth accelerated sharply in August while the unemployment rate held steady at 4.1%, pointing to a stable labor market and keeping an interest rate hike from the Federal Reserve this month on the table. Nonfarm payrolls surged by 162,000 jobs last month after a
JOHANNESBURG (AP) — South African civil rights groups are calling for a halt to the construction of additional data centers in the country until the use of scarce water, land and electricity resources has been investigated. With South Africa positioning itself as Africa’s main data hub and U.S. tech
TOKYO (AP) — Scandal-ridden Japanese motor maker Nidec Corp. released Friday the findings of a company investigation that found 844 cases of misconduct related to quality controls spanning the last decade. Chief Executive Mitsuya Kishida bowed deeply at a news conference, apologizing to investors, g
By David French NEW YORK, Sept 4 (Reuters) – Citadel has held talks to buy U.S. oil production assets, as the hedge fund and commodities trader considers expanding further into owning physical assets, five people familiar with the matter said. The firm founded by Ken Griffin was among the bidders fo
FRANKFURT, Germany (AP) — Volkswagen shares rose 6% on Friday after its board of directors approved sweeping cost cuts aimed at confronting challenges including ferocious Chinese competition and US tariffs. Investors were cheered by CEO Oliver Blume’s success Thursday in pushing the streamlining eff
By Lewis Krauskopf NEW YORK, Sept 4 (Reuters) – Investors will zero in on inflation data next week that they say could determine whether the U.S. Federal Reserve hikes interest rates later in the month. Major U.S. stock indexes as of Thursday were on pace for their second straight week of gains, lif
Sept 4 (Reuters) – The U.S. National Highway Traffic Safety Administration said it has opened an audit into about 1,000 Tesla Cybercab vehicles, examining the process and technical data the EV maker relied on to claim compliance with federal vehicle safety standards. The probe comes after Tesla on T
By Iain Withers and Tommy Reggiori Wilkes LONDON, Sept 4 (Reuters) – The manager of Norway’s $2.3 trillion sovereign wealth fund has proposed significantly cutting its exposure to U.S. Treasuries as part of a wider shake-up of its bond investments to improve returns, according to a letter published
Sept 4 (Reuters) – Futures tracking the tech-heavy Nasdaq 100 and the benchmark S&P 500 indexes rose on Friday ahead of jobs data that could test the recent momentum in equities. The data will come a day after Federal Reserve Governor Christopher Waller tempered rate-hike bets. Traders are now expec
Sept 4 (Reuters) – Shares of Lululemon Athletica fell about 18% in premarket trading on Friday after the sportswear maker cut its full-year forecast for a second time, underscoring the string of challenges that await incoming CEO Heidi O’Neill. Known for its high-priced stretchy pants and athletic t
By Jayshree P Upadhyay MUMBAI, Sept 4 (Reuters) – India’s markets regulator has started hearing representations as it seeks to recover gains from trades it suspects benefited from prior knowledge of Hindenburg Research’s scathing report about Adani Group, two people with knowledge of the matter said
By Laurie Chen, Solomon Cefai, Trevor Hunnicutt and Lewis Jackson BEIJING/SINGAPORE/WASHINGTON, Sept 4 (Reuters) – Some Chinese rare earth suppliers are declining to ship to the U.S. for fear of repercussions from Beijing, three sources said, underscoring how access to the materials remains an issue
By Dhara Ranasinghe, Rae Wee and Atsuko Aoyama LONDON/SINGAPORE/TOKYO, Sept 4 (Reuters) – Six weeks after hitting a four-decade low against the dollar, the tide appears to be turning for the battered yen as a host of factors finally smoke out traders who have spent years betting against the Japanese
BANGKOK (AP) — The leader of Myanmar’s military-backed government is visiting Vietnam for talks with its leaders in his latest effort to normalize relations with the Association of Southeast Asian Nations and attract foreign investment. Min Aung Hlaing has stepped up diplomatic engagements since he
By Christoph Steitz FRANKFURT, Sept 4 (Reuters) – Shares in Volkswagen were up 7% in early trade in Frankfurt after the supervisory board of Europe’s largest automaker late on Thursday struck a major turnaround agreement that averted an escalation with unions and shareholder Lower Saxony. The deal o
By Selena Li HONG KONG, Sept 4 (Reuters) – Citigroup expects to get regulatory approval for its wholly-owned China brokerage business as soon as this month and plans to add several dozen staff at the unit over the next few months, said two people with knowledge of the matter. The long-awaited final
By Elisa Anzolin and Elvira Pollina MILAN, Sept 4 (Reuters) – One year after the death of founder Giorgio Armani, the Italian fashion house is entering a pivotal period as the clock starts ticking on plans for an initial stake sale, after the group spent the last year focused on governance. Armani,
It was the fight for abortion rights that launched Gloria Steinem into feminism. The idea that women couldn’t reach equality without the ability to decide whether or when to have children was central to the feminist movement of the late 1960s, which Steinem came to embody until her death at age 92 o
WASHINGTON (AP) — The U.S. Labor Department is expected to report Friday that the American job market bounced back last month from a dismal July, even though jobseekers continue to struggle and pay gains are slight. And the employment outlook remains clouded by a shortage of workers – the result of
