TOPNWS

Some investors backing out of SPAC merging with Trump’s media firm

The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald Trump in this picture illustration taken February 21, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterSept 23 (Reuters) – Some investors are backing out of Digital World Acquisition Corp’s (DWAC.O) plan to …

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Musk says activating Starlink, in response to Blinken on internet freedom in Iran

Starlink logo is seen on a smartphone in front of displayed Ukrainian flag in this illustration taken February 27, 2022. REUTERS/Dado Ruvic/IllustrationRegister now for FREE unlimited access to Reuters.comRegisterSept 23 (Reuters) – SpaceX CEO Elon Musk said on Friday that he would activate the firm’s satellite internet service, Starlink, in response to U.S. Secretary of …

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Wall St Week Ahead Investors wonder when vicious sell-off in U.S. stocks will end

A specialist trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 22, 2022. REUTERS/Brendan McDermidRegister now for FREE unlimited access to Reuters.comRegisterNEW YORK, Sept 23 (Reuters) – A week of heavy selling has rocked U.S. stocks and bonds, and many investors are bracing for more pain …

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Airbus slams sceptical supplier Raytheon over jet output

Register now for FREE unlimited access to Reuters.comRegisterPARIS, Sept 23 (Reuters) – Europe’s Airbus (AIR.PA) clashed on Friday with U.S. giant Raytheon Technologies (RTX.N) over plans for a record leap in jetliner output, after the industry’s largest contractor questioned whether a battered supply chain could keep up.The world’s largest planemaker said it was sticking with …

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Wall Street ends down for third day as growth concerns weigh on tech

Register now for FREE unlimited access to Reuters.comRegisterTech stocks down in aftermath of Fed’s latest rate moveInvestors concerned about possibility of recessionDarden Restaurants falls on downbeat quarterly salesJetBlue posts lowest close since March 2020Indexes down: Dow 0.35%, S&P 0.84%, Nasdaq 1.37%Sept 22 (Reuters) – Major Wall Street indexes ended lower on Thursday, falling for a …

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Raytheon $985 mln hypersonic award puts them far ahead in contracting race

The Pentagon is seen from the air in Washington, U.S., March 3, 2022, more than a week after Russia invaded Ukraine. REUTERS/Joshua RobertsRegister now for FREE unlimited access to Reuters.comRegisterWASHINGTON, Sept 22 (Reuters) – The Pentagon on Thursday said it awarded Raytheon Technologies (RTX.N) a $985 million dollar contract to develop prototypes for a hypersonic …

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Tesla recalls nearly 1.1 million U.S. vehicles to update window reversing software

Register now for FREE unlimited access to Reuters.comRegisterWASHINGTON, Sept 22 (Reuters) – Tesla (TSLA.O) is recalling nearly 1.1 million U.S. vehicles because the window automatic reversal system may not react correctly after detecting an obstruction, increasing the risk of injury.The electric vehicle manufacturer told the National Highway Traffic SafetyAdministration (NHTSA) that it would perform an …

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Japan intervenes to stop yen slide, after BOJ holds rates super low

BOJ keeps ultra-low rates, dovish policy guidanceJapan’s FX diplomat said took ‘decisive’ actionConfirmation of intervention sends dollar sliding over 2%Analysts doubt whether Tokyo can keep propping up yenBank of Canada says did not help BOJTOKYO, Sept 22 (Reuters) – Japan intervened in the foreign exchange market on Thursday to buy yen for the first time …

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Dollar soars to two-decade high as Putin shakes FX market ahead of Fed

Register now for FREE unlimited access to Reuters.comRegisterDollar index at two-decade highEuro slides back toward two-decade lowsPutin announces partial troop mobilization for UkraineMarkets gauging Fed hawkishness in Powell briefingLONDON/NEW YORK, Sept 21 (Reuters) – The dollar surged to a new two-decade high on Wednesday just ahead of another expected aggressive Federal Reserve interest rate hike, …

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Ford stock has biggest daily drop since 2011 after inflation warning

The Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany. REUTERS/Wolfgang RattayRegister now for FREE unlimited access to Reuters.comRegisterSept 20 (Reuters) – Ford Motor Co’s (F.N) stock tumbled over 12% on Tuesday in its deepest one-day decline in over a decade after the automaker said inflation-related costs would be $1 …

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