Today in the News
Facebook owner Meta faces $600 million lawsuit from Spanish media
By Inti Landauro MADRID (Reuters) -A group representing 83 Spanish media outlets has filed a 550 million euro ($600 million) lawsuit against Facebook owner Meta Platforms, citing unfair competition in the advertising market in a case that could be replicated across...
Wall Street ends down as megacaps give back gains
By Noel Randewich and Shristi Achar A (Reuters) - U.S. stocks ended lower on Monday, interrupting last week's rally, as investors turned cautious ahead of employment data due this week that could alter expectations that the Federal Reserve will cut interest rates...
Bitcoin rises above $42,000 for first time since April 2022
By Tom Wilson, Tom Westbrook and Chibuike Oguh LONDON/SINGAPORE/NEW YORK (Reuters) -Bitcoin rose on Monday, briefly surpassing $42,000 to reach a 20-month high, in a new surge of momentum fueled by U.S. interest rate cut expectations and traders betting that American...
US woman killed in shark attack in Bahamas
By Jasper Ward (Reuters) - An American woman died after she was attacked by a shark while paddle boarding in The Bahamas on Monday, police said. The woman, who was in her 40s and visiting from Boston, was with a male relative when the attack occurred near a resort in...
Crypto stocks surge as bitcoin hits fresh 2023 high
(Reuters) -Cryptocurrency-related stocks listed in the U.S. surged on Monday, looking to extend their strong November gains, as bitcoin topped $42,000 to hit a fresh high for the year. Shares of companies whose fortunes are tied to the cryptocurrency have rallied in...
Ford’s November US vehicle sales slip, EV sales rise
(Reuters) -Ford Motor posted a 0.5% drop in U.S. new vehicle sales for November on Monday, as the automaker worked to restart some of its key plants following a lengthy workers' strike that impacted vehicle production. However, sales of Ford's electric vehicles such...
S&P 500 hits 2023 closing high as Powell strengthens peak rate bets
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....
US opens probe into 73,000 Chevrolet Volt cars over loss of power
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...
GM believes many of its EVs will qualify for tax credits in 2024
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 and efforts to...
Once-gloomy US retailers now signaling more holiday cheer after solid start to season
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...