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U.S. stocks tumbled after a stronger-than-expected jobs report locked in expectations that the Federal Reserve is sticking with a steady diet of rate hikes, while supply cuts continued to boost oil prices.

Wall Street Dives, Oil Surges As Investors Prepare For More Rate Hikes

Oct 27, 2022 01:29 PM

2 mins read

U.S. stocks tumbled after a stronger-than-expected jobs report locked in expectations that the Federal Reserve is sticking with a steady diet of rate hikes, while supply cuts continued to boost oil prices.

Bangalore, India's IT Hub, Directs Uber, Others To Stop Three-Wheeler Services

By Reuters

Oct 27, 2022 01:29 PM

Karnataka has asked cab aggregators Uber, SoftBank-backed Ola and Rapido to stop three-wheeler services in Bengaluru.

Explainer - How Will Elon Musk Pay For Twitter?

By Reuters

Oct 27, 2022 01:29 PM

Musk bought himself some time, after a judge accepted the billionaire's request to halt a Twitter lawsuit to allow him to close his proposed $44 billion buyout of the social media company.

Putin Orders Seizure Of Exxon-Led Sakhalin 1 Oil And Gas Project

By Reuters

Oct 27, 2022 01:29 PM

Putin signed a decree that establishes a new operator for the Exxon Mobil Corp-led Sakhalin-1 oil and gas project in Russia's Far East.

Kremlin Welcomes Elon Musk Proposal For Ukraine Settlement Denounced By Kyiv

By Reuters

Oct 27, 2022 01:29 PM

The Kremlin praised Tesla boss Elon Musk for suggesting a possible peace deal to end the war in Ukraine.

Tesla's Logistical Challenges Overshadow Record Deliveries

By Reuters

Oct 27, 2022 01:28 PM

Tesla Inc on Sunday announced lower-than-expected electric vehicle deliveries in the third quarter, as logistical challenges overshadowed its record deliveries.

Tesla's Robot Waves But Can't Walk, Yet; Musk Plans To Make Millions Of Them

By Reuters

Oct 27, 2022 01:28 PM

Musk showed off a prototype of its humanoid robot 'Optimus', predicting the electric vehicle maker would be able to produce millions.

Biden Says U.S. Willing To Continue Talks With S.Korea On EV Subsidy

By Reuters

Oct 27, 2022 01:28 PM

President Joe Biden has expressed willingness to continue talks with South Korea over recent U.S. legislation that denies subsidies to most foreign makers of electric vehicles.