Wall St ends lower after choppy trading from rising recession worries

Wall St ends lower after choppy trading from rising recession worries

Apple down after Morgan Stanley cuts Dec shipment target Tesla falls on production loss worries Dec 7 (Reuters) – Wall Street’s main indexes ended broadly lower on Wednesday, after a choppy session where investors struggled to grasp a clear direction as they weighed how the Federal Reserve’s monetary policy tightening might feed through into corporate … Read more

Oil gives up the year’s gains, closing at 2022 low

Oil gives up the year’s gains, closing at 2022 low

Brent crude closes at its lowest level this year U.S. fuel stocks build more than expected China’s relaxation of COVID curbs to support demand Investors wary over recession warnings, rate hike outlook HOUSTON, Dec 7 (Reuters) – The price of oil fell to its lowest level this year on Wednesday, forfeiting all of the gains … Read more

Ukraine appears to show ability to strike far inside Russia

Ukraine appears to show ability to strike far inside Russia

Third Russian airfield reported hit in drone strike Ukraine’s Zelenskiy meets troops near eastern front Oil price cap gives G7 leverage on Russia – U.S. official Dec 7 (Reuters) – A third Russian airfield was set ablaze by a drone strike, a day after Ukraine demonstrated an apparent new ability to penetrate hundreds of kilometres … Read more

Drone attacks oil tank at airfield inside Russia – governor

Drone attacks oil tank at airfield inside Russia – governor

Kyiv region facing among the most emergency blackouts U.S. to enlist executives’ help on Ukraine energy assets Moscow: Ukrainian drones attack air bases in Russia, 3 dead KYIV, Dec 6 (Reuters) – A drone attack on an airfield in Russia’s Kursk region set fire to an oil storage tank, a governor said on Tuesday, a … Read more

U.S. Army awards Black Hawk replacement contract to Textron’s Bell

U.S. Army awards Black Hawk replacement contract to Textron’s Bell

WASHINGTON, Dec 5 (Reuters) – The U.S. Army on Monday awarded the contract for its next-generation helicopter to Textron Inc’s (TXT.N) Bell unit, ending a years-long competition for the technology that will replace the Black Hawk utility helicopter. The Army’s “Future Vertical Lift” competition aimed at finding a replacement as the Army looks to retire … Read more

Oil tankers queue up off Turkey as price cap on Russian crude kicks in – FT

Drone attacks oil tank at airfield inside Russia – governor

Dec 5 (Reuters) – Oil tankers formed a traffic jam off the coast of Turkey on day one of the West’s price cap on Russian crude, with Ankara insisting on new proof of insurance for all vessels, the Financial Times reported on Monday. Around 19 crude oil tankers were waiting to cross Turkish waters on … Read more

Exclusive: Musk’s Neuralink faces federal probe, employee backlash over animal tests

Exclusive: Musk’s Neuralink faces federal probe, employee backlash over animal tests

Dec 5 (Reuters) – Elon Musk’s Neuralink, a medical device company, is under federal investigation for potential animal-welfare violations amid internal staff complaints that its animal testing is being rushed, causing needless suffering and deaths, according to documents reviewed by Reuters and sources familiar with the investigation and company operations. Neuralink Corp is developing a … Read more

Beijing, Shenzhen loosen more COVID curbs as China fine-tunes policy

Beijing, Shenzhen loosen more COVID curbs as China fine-tunes policy

SHANGHAI, Dec 3 (Reuters) – Beijing residents on Saturday cheered the removal of COVID-19 testing booths while Shenzhen said it would no longer require commuters to present test results to travel, as an easing of China’s virus curbs gathered pace. Although daily cases are near all-time highs, some cities are taking steps to loosen COVID … Read more

Musk delivers first Tesla truck, but no update on output, pricing

Musk delivers first Tesla truck, but no update on output, pricing

Tesla ships first Semi to PepsiCo five years after unveiling it No details on orders or capacity for electric truck Semi uses existing Tesla motors, to feature new Supercharger Dec 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo (PEP.O) without offering updated forecasts … Read more

Florida pulls $2 bln from BlackRock in largest anti-ESG divestment

Florida pulls  bln from BlackRock in largest anti-ESG divestment

Dec 1 (Reuters) – Florida’s chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc (BLK.N), the biggest such divestment by a state opposed to the asset manager’s environmental, social and corporate governance (ESG) policies. The move will hardly dent BlackRock’s $8 trillion in assets … Read more