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Reuters
Aug 29, 2022, 8:08 PM
Wall Street headed for another day of gains as investors banked on peaking inflation persuading central banks to dial back on their anticipated interest rate hikes in September.
3 Min
Reuters | Aug 29, 2022Oil Rises As IEA Hikes 2022 Demand Growth ForecastOil prices rose by over 1% after the International Energy Agency raised its oil demand growth forecast for this year as soaring gas prices drive some consumers to switch to oil.2 mins read
Reuters | Aug 29, 2022Oil Rises On Renewed Gasoline Demand, Weak DollarOil prices rose, rebounding from losses early in the session, helped by encouraging figures on U.S. gasoline demand and as lower-than-expected U.S. inflation data drove investors into riskier assets.2 mins read
Reuters | Aug 29, 2022EU Says U.S. Plan For EV Tax Breaks Discriminatory, May Breach WTO RulesThe European Union said it was "deeply concerned" about proposed tax credits for purchases of electric vehicles in the United States because they would be biased against foreign producers and may breach World Trade Organization (WTO) rules.1 min read
Reuters | Aug 29, 2022FedEx Unit To Test Ford's Electric Vans For Parcel DeliveryFedEx Office will pilot Ford Motor Co's electric vans to pickup and deliver parcels in some regions, the unit of FedEx Corp said, as part of the delivery giant's move to cut its fleet's tailpipe emissions.1 min read
Reuters | Aug 29, 2022Tesla Discloses Lobbying Effort To Set Up Factory In CanadaTesla Inc is lobbying the Ontario government as part of an effort to set up an "advanced manufacturing facility" in Canada, a filing by the electric-vehicle maker to the province's Office of the Integrity Commissioner showed.1 min read
Reuters | Aug 29, 2022Toyota Says No Change To Plan To Produce 9.7 Million Vehicles Globally This YearToyota Motor Corp said it would hold to its plan to produce 9.7 million vehicles globally this fiscal year, even as it announced another stoppage related to the spread of COVID-19.1 min read- Reuters | Aug 29, 2022Oil Settles Lower As Halted Russian Pipeline Flows Appear Temporary, Demand Fears RiseOil prices settled slightly lower after a see-saw session as worries that a slowing economy could cut demand vied with news that some oil exports had been suspended on the Russia-to-Europe Druzhba pipeline that transits Ukraine.2 mins read
Reuters | Aug 29, 2022Biden To Sign Bill To Boost U.S. Chips, Compete With ChinaPresident Joe Biden will sign a bill to provide $52.7 billion in subsidies for U.S. semiconductor production and research and to boost efforts to make the United States more competitive with China's science and technology efforts.2 mins read
