NEWS1

Wall Street Week Ahead: As bear market looms, battered Wall St seeks elusive ‘Fed put’

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, March 21, 2022. REUTERS / Brendan McDermid Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 20 (Reuters) – The Federal Reserve’s determination to raise interest rates until it squashes the highest inflation in decades …

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Musk denies he sexually harassed flight attendant on private jet

Elon Musk talks at the Automotive World News Congress at the Renaissance Center in Detroit, Michigan, January 13, 2015. REUTERS / Rebecca Cook // File Photo Register now for FREE unlimited access to Reuters.com Register OAKLAND, May 19 (Reuters) – Billionaire Elon Musk took to Twitter late on Thursday to denounce as “utterly untrue” claims …

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Google ‘private browsing’ mode not really private, Texas lawsuit says

WASHINGTON, May 19 (Reuters) – The Google search engine collects data on users who think they can be anonymous if they use a “private browsing” mode, Texas Attorney General Ken Paxton claimed on Thursday, filing an amended privacy lawsuit against the Alphabet Inc (GOOGL.O) unit. Texas, Indiana, Washington State and the District of Columbia filed …

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Tesla’s Musk says he ‘can no longer support’ Democrats, ‘will vote Republican’

Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul / Pool via REUTERS / File Photo Register now for FREE unlimited access to Reuters.com Register SAN FRANCISCO, May 18 (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk said on Wednesday that while …

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Google’s Russian subsidiary to file for bankruptcy after bank account seized

May 18 (Reuters) – Google’s Russian subsidiary plans to file for bankruptcy after authorities seized its bank account, making it impossible to carry on operations, a Google spokesperson said on Wednesday. Alphabet Inc’s Google (GOOGL.O) Google has been under pressure in Russia for months for failing to delete content Moscow deems illegal and for restricting …

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‘Huge’ pressure for Shanghai to stay COVID-free as lockdown end nears

Shanghai health authorities warn of risks of COVID rebound Some migrant workers looking to leave Shanghai Goldman cuts China GDP forecast, warns of further slip E-commerce giant JD.com says consumers are losing confidence SHANGHAI / BEIJING, May 18 (Reuters) – Health authorities in Shanghai faced “huge” pressure to keep China’s most populous city free of …

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Stock market rebound fizzles, UK inflation hits 40-year high

LONDON, May 18 (Reuters) – A rebound in stocks ran out of steam on Wednesday as concerns about the economic growth outlook and rising inflation knocked sentiment, while a UK inflation reading of 9% underlined just how much higher interest rates might be headed. Asian stocks managed to eek out their fourth straight session of …

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