Business News

WOLFSBURG, Germany (Reuters) — Volkswagen raised its long-term profitability target on Tuesday in a sign of the German automaker’s growing confidence in managing the shift to electric and self-driving vehicles. Presenting its strategy until 2030, Europe’s largest carmaker also said it e…

WASHINGTON (Reuters) — U.S. consumer prices increased by the most in 13 years in June amid supply constraints and a continued rebound in the costs of travel-related services from pandemic-depressed levels as the economic recovery gathered momentum. With used cars and trucks accounting for more than…

(Reuters) — Confidence among small businesses in the United States improved slightly in June after declining in May, despite owners worrying about a labor shortage and inflation, according to a survey released on Tuesday. The National Federation of Independent Business Optimism Index rose 2.9 point…

NEW YORK (Reuters) — The Nasdaq and the S&P 500 scaled new peaks on Monday, with investors awaiting the start of the second-quarter earnings season and a batch of economic data. The tech-heavy Nasdaq Composite Index eased moments after hitting a fresh high, while six of the 11 major S&P sec…

(Reuters) — Dealmakers expect a new wave of transformative U.S. mergers and acquisitions or M&A, as companies rush to complete deals before President Joe Biden’s antitrust push takes shape, to be followed by a slowdown when regulators start cracking down. Biden signed a sweeping executive…

WILMINGTON, Del. (Reuters) — Elon Musk took the stand on Monday to defend Tesla Inc’s 2016 acquisition of SolarCity against a lawsuit by shareholders seeking to recoup the $2.6 billion the company paid for the ailing solar panel maker. Soon after taking the stand, Musk denied the deal was a b…

SHANGHAI (Reuters) — China’s Ministry of Commerce on Sunday criticized the addition by the U.S. Department of Commerce of 23 Chinese entities to an economic blacklist over alleged human rights abuses. In a statement, the Chinese ministry said the inclusion of the Chinese entities was a “…

WASHINGTON (Reuters) — President Joe Biden signed a sweeping executive order on Friday to promote more competition in the U.S. economy, urging agencies to crack down on anti-competitive practices in sectors from agriculture to drugs and labor. If fully implemented, the effort will help lower Americ…

VENICE, Italy (Reuters) — An upsurge in new coronavirus variants and poor access to vaccines in developing countries threaten the global economic recovery, finance ministers of the world’s 20 largest economies warned on Saturday. The G20 gathering in the Italian city of Venice was the ministe…

NEW YORK (Reuters) — BlackRock Inc, the world’s biggest asset manager, said on Thursday it has raised over $250 million for its climate finance fund to invest in select countries in Asia, Latin America, and Africa. BlackRock’s Climate Finance Partnership will focus on investing in areas…