Auto Industry
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, 2022Oil Edges Lower As Supply Disruption Concerns EaseOil prices drifted lower after gaining more than $1 in the previous session.1 min read
Reuters | Aug 29, 2022Musk Sells Tesla Stock Worth $6.9 Billion As Possibility Of Forced Twitter Deal RisesTesla CEO Elon Musk sold $6.9 billion worth of shares, saying the funds could be used to finance a potential Twitter deal if he loses a legal battle with the social media platform.3 mins read
Reuters | Aug 29, 2022Nikola Names Michael Lohscheller As Next CEONikola Corp said that Lohscheller will take over as the CEO when Mark Russell retires on January 1 next year.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
