by Reuters | Dec 2, 2023 | Business
By Stephen Culp NEW YORK (Reuters) -U.S. stocks rallied and the S&P registered its highest close of the year on Friday, starting December on an upbeat note as remarks from Federal Reserve Chair Jerome Powell bolstered the view that key policy rates have peaked....
by Reuters | Dec 1, 2023 | Business
By David Shepardson WASHINGTON (Reuters) -A U.S. auto safety regulator said on Friday it is opening an investigation into 73,000 Chevrolet Volt plug-in hybrid cars over reports of abrupt loss of power, failures to restart and other issues. The National Highway Traffic...
by Reuters | Dec 1, 2023 | Business
WASHINGTON (Reuters) – General Motors said Friday that it expects many of its electric vehicles to qualify for U.S. tax credits next year after new stricter rules limiting Chinese battery content take effect. “Due to GM’s historic investments in the U.S...
by Reuters | Dec 1, 2023 | Business
By Deborah Mary Sophia and Aishwarya Venugopal (Reuters) -Retailers like Amazon.com and Foot Locker are signaling optimism for holiday season sales after stronger-than-expected figures during Black Friday and Cyber Monday, as heavy discounts lured budget-strained...
by Reuters | Dec 1, 2023 | Business
WASHINGTON(Reuters) – U.S. construction spending increased more than expected in October amid strong gains in single-family homebuilding, but data for the prior month was revised lower. The Commerce Department said on Friday that construction spending rose 0.6%....
