S&P 500 ends lower as traders eye potential pause in rate hikes
Palo Alto Networks gains on S&P 500 index inclusionApple hits record high but ends lower after debuting headsetIndexes close: S&P...
archiveCYCS08
Analysis: US hotel developers run out of cash as construction lending dries up
June 5 (Reuters) - Tighter lending standards from regional banks are making it harder for U.S. hotel developers to secure funding, slowing construction of new hotels at a time Americans' appetite for travel is ripe.Hotel developers, private equity firms, and general contractors told Reuters the financial stress on regional banks -- the largest lenders to hotels and other commercial real estate markets -- has forced developers to postpone projects or find other creative ways to raise capital.The hotel industry's predicament highlights the impact on the broader U.S. economy of the...
California, New York pension funds vote against Toyota chairman
Proxy advisory firms have raised issues about governanceSlow rollout of electric vehicles has attracted criticismCompany says chairman is key to...
Exclusive: Stellantis, GM pay $363 million in US fuel economy penalties
WASHINGTON, June 2 (Reuters) - Chrysler parent Stellantis (STLAM.MI) and General Motors (GM.N) paid a total of $363 million in...
US new home sales, business activity rise to 13-month highs
Single-family homes sales increase 4.1% in AprilMedian new house price falls 8.2% year-on-yearBusiness activity rises to 13-month high in MayWASHINGTON,...
European shares hit by slide in Julius Baer, Vivendi
Julius Baer set for worst day in 3 yearsGerman business activity expands in MayVivendi slides as Bollore sells sharesMay 23...
Wall Street ends mixed as investors await debt ceiling talks
U.S. debt limit talks to kick off at 5:30 p.m. ETSome tech stocks lift Nasdaq, regional bank stocks upChina's Micron...
Investors see trouble ahead after Europe’s stellar first quarter
STOXX 600 earnings seen growing 7.3% in Q1- Refinitiv I/B/E/SEuropean stocks off highsNet profit margins seen declining in Q3 -...
Wall St gains as Tesla, regional banks boost; optimism on debt talks
Biden, McCarthy see debt ceiling deal in reachTesla extends gains after annual shareholder meetingWestern Alliance Bancorp leads regional banks' gainsTarget...
Discounter Pepco expands European roll-out into Portugal
LONDON, May 17 (Reuters) - European discount retailer Pepco Group (PCOP.WA) will open its first shop in Portugal on Wednesday,...
