Category: Business

By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 3% to a four-month high on Wednesday on a surprise withdrawal in U.S. crude inventories, a bigger-than-expected drop in U.S. gasoline stocks and potential supply disruptions after Ukrainian attacks on...

BERLIN (Reuters) – Elon Musk on Wednesday visited Tesla’s European gigafactory in Gruenheide, Germany, where operations had resumed after an arson attack on a nearby electricity pylon last week led to a costly power outage that halted production. T...

(Reuters) -Wells Fargo on Wednesday joined major banks such as Morgan Stanley, Goldman Sachs and UBS Wealth Management in forecasting the first rate cut from the U.S. Federal Reserve in June. Wells Fargo, which had previously expected the cut in...

By Corina Pons MADRID (Reuters) -Zara-owner Inditex’s shares rose to a record high after it reported positive early spring sales, boosted by upmarket fashions and continuing the strong momentum that saw its 2023 revenue growth top that of rival H&M.....

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks closed slightly lower on Wednesday, a day ahead of a key inflation reading that could heavily influence expectations for the timing of an interest rate cut from the Federal Reserve. The...

By Georgina McCartney HOUSTON (Reuters) -U.S. crude oil futures settled lower on Wednesday after the Federal Reserve held firm on its decision to hold off cutting interest rates in the near future, while growing U.S. crude stockpiles added further pressure....