Markets
By Jonathan Stempel NEW YORK (Reuters) -A judge has rejected Abbott Laboratories (NYSE:)’ effort to dismiss a New York City grandmother’s lawsuit claiming it misled consumers into believing its PediaSure Grow & Gain nutrition drinks were “clinically proven” to help children grow taller. U.S. District Judge Paul Engelmayer in Manhattan…
Investing.com — Oil prices settled lower Wednesday, following an unexpected build in U.S. crude inventories, but snapped a three-month losing streak as a cocktail of geopolitical tensions kept global crude supply risks elevated. By 14:30 ET (19.30 GMT), the futures settled 2.5% lower at $75.85 a barrel, though was up…
Investing.com– Most Asian currencies advanced slightly on Thursday as the dollar and Treasury yields pulled further away from recent peaks, although persistent signs of deflation in China kept sentiment subdued. Markets were now awaiting more cues on U.S. interest rates after largely dialing back expectations for early rate cuts by…
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By Dave Sherwood HAVANA (Reuters) -Cuba put off an unpopular five-fold increase in gasoline prices planned for Feb. 1 due to a cyberattack, Economy Vice Minister Mildrey Granadillo said on Wednesday, a sudden about-face hours before the hike was to take effect. “This decision is influenced by the occurrence of…
By Rishav Chatterjee (Reuters) – Short bets on most Asian currencies eased marginally but remained firmly in the bearish territory, a Reuters poll found on Thursday, as diminishing hopes of an early U.S. interest rate cut kept the dollar buoyant and market volatility in regional powerhouse China dampened investor confidence.…
By Stephen Nellis and Dawn Chmielewski (Reuters) -Apple’s Vision Pro could upend how people watch television at home and how they use computers at work, potentially positioning the headset to be a successor to both traditional television and the Mac. The $3,500 headset, which blends three-dimensional digital content with a…
WASHINGTON (Reuters) – The U.S. House of Representatives will vote next month on a measure to overturn the Biden administration’s moratorium on approvals of new liquefied exports, Bloomberg reported, citing a Republican lawmaker. The measure will be voted on the week after next, the report said, citing Representative Cathy McMorris…
By Herbert Lash and Samuel Indyk NEW YORK/LONDON (Reuters) -The dollar rose on Thursday after data on unemployment benefits again pointed to a resilient U.S. labor market, reinforcing the Federal Reserve’s message that interest rates are unlikely to be cut in the near term. The number of Americans filing new…
(This Feb. 2 story has been corrected to remove the word ‘Chinese’ from paragraph 9) By Abhirup Roy SAN FRANCISCO (Reuters) – Completely driverless vehicles traveled nearly 3.3 million miles in California last year, over five times the previous year’s total, even as concerns rose in the wake of a…