Stocks News

By David Shepardson WASHINGTON (Reuters) – The U.S. Environmental Protection Agency (EPA) on Wednesday proposed sweeping emissions cuts for new cars and trucks through 2032, a move the agency says could mean two out of every three new vehicles automakers sell will be electric within a

(Reuters) – U.S. industrial and software firm Emerson Electric Co on Wednesday said it would buy measurement equipment maker NI Corp for $60 per share in cash, giving the deal an equity value of $8.2 billion.

By David Randall NEW YORK (Reuters) – Inflation data showing U.S. consumer prices rising less than expected in March may have come as a relief to markets, but some investors believe it may take a strong corporate earnings season to push stocks higher decisively.

By Leah Douglas WASHINGTON (Reuters) – Meat companies should examine their supply chains for evidence of child labor, the Biden administration said in a letter sent to top meatpacking companies on Wednesday.

(Reuters) – Economists at Goldman Sachs no longer expect the U.S. Federal Reserve to raise interest rates in June, according to a research note published on Wednesday following data that showed consumer prices cooled faster than expected in March.

By Rae Wee SINGAPORE (Reuters) – The U.S. dollar slipped on Wednesday ahead of a closely-watched inflation reading later in the day that will provide clues on the path of Federal Reserve interest rate hikes.

(Reuters) – New vehicles’ average transaction price fell below the manufacturer’s suggested retail price (MSRP) for the first time in 20 months, according to data published by automotive research company Kelley Blue Book.

By Rodrigo Viga Gaier and Gabriel Araujo

By Gabriel Araujo RIO DE JANEIRO (Reuters) – Austria is looking to advance in talks with Brazilian planemaker Embraer SA at the LAAD defense and security fair on purchasing four or five KC-390 military cargo aircraft, two sources familiar with the matter said on Wednesday.

WASHINGTON (Reuters) – The Republican-led U.S. House of Representatives Judiciary Committee has subpoenaed the Federal Trade Commission’s chair for documents related to the regulatory agency’s privacy probe of Twitter, the panel said on Wednesday.

(Reuters) – Goldman Sachs Group Inc on Wednesday announced a slew of changes to leadership in its equity trading division following the retirement of its top equity trader Joe Montesano last month, according to a memo seen by Reuters.

By Raphael Satter WASHINGTON (Reuters) – America’s cybersecurity watchdog has no confidence that the cellular network used by American first responders and the military is secure against digital intrusions, U.S. Senator Ron Wyden said in a letter released Wednesday.

PARIS (Reuters) – LVMH, the world’s largest luxury company, reported a 17% rise in first-quarter sales, more than double analysts’ expectations, as China rebounded after COVID-19 lockdowns.

By Noele Illien ZURICH (Reuters) – Swiss lawmakers resumed their debate over the rescue of Credit Suisse on Wednesday, after parliament’s two chambers failed to reach an agreement a day earlier.

By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Foreign investors are returning in numbers to Brazil’s public debt market, Treasury Secretary Rogerio Ceron told Reuters, just after local financial assets rallied since the government proposed new fiscal rules two weeks ago.

MEXICO CITY (Reuters) – The United States has said it will return money and assets confiscated from a convicted former senior Mexican state official that were worth over $246 million, Mexican President Andres Manuel Lopez Obrador said on Wednesday.

By Hannah Lang WASHINGTON (Reuters) – Stricter banking regulations would not have prevented Silicon Valley Bank’s sudden collapse last month, a top official at the Federal Deposit Insurance Corporation said on Wednesday, highlighting instead management failures behind its demise.

CHENGDU, China (Reuters) – Chinese electric vehicle (EV) maker Zeekr on Wednesday launched a new compact sports utility vehicle (SUV) as the Geely-owned brand strives for market share in a premium segment previously dominated by German rivals.

WASHINGTON (Reuters) – U.S. consumer prices barely rose in March as the cost of gasoline declined, but stubbornly high rents kept underlying inflation pressures simmering, likely ensuring that the Federal Reserve will raise interest rates again next month.

By Sheila Dang (Reuters) – Snap Inc, owner of photo messaging app Snapchat, said on Wednesday it has hired a former Google executive to help the tech company improve the performance of its digital ads.