JPMorgan’s Dimon warns of potential $1 billion loss from Russia exposure

JP Morgan CEO Jamie Dimon looks on during the inauguration the new French headquarters of JP Morgan bank in Paris, France June 29, 2021. Michel Euler/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register NEW YORK, April 4 (Reuters) – JPMorgan (JPM.N) boss Jamie Dimon warned on Monday that the bank could … Read more

Oil rises above $105 as supply concerns persist

Workers walk as oil pumps are seen in the background in the Uzen oil and gas field in the Mangistau Region of Kazakhstan November 13, 2021. REUTERS/Pavel Mikheyev Register now for FREE unlimited access to Reuters.com Register Iran blames US for halt to Vienna nuclear talks IEA agrees to release more oil Yemen’s warring parties … Read more

Shares edge higher, US two-year yields near 2.5%

A man stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes, at the Lujiazui financial district in Shanghai, China January 6, 2021. REUTERS/Aly Song//File Photo Register now for FREE unlimited access to Reuters.com Register >Asian stock markets: S&P 500 futures flat, China markets on holiday Talk of more sanctions on … Read more

Tesla plans to resume production at its Shanghai plant from April 4 – sources

A truck transports new Tesla cars at its factory in Shanghai, China May 13, 2021. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register SHANGHAI, April 3 (Reuters) – Tesla (TSLA.O) is aiming to resume production at its Shanghai factory from Monday, two sources familiar with the matter said, as it expects … Read more

Fed’s Williams: Pace of rate increases depends on how economy responds

John Williams, chief executive officer of the Federal Reserve Bank of New York, speaks at an event in New York, US, November 6, 2019. REUTERS/Carlo Allegri/File Photo Register now for FREE unlimited access to Reuters.com Register PRINCETON, NJ, April 2 (Reuters) – The Federal Reserve needs to move monetary policy towards a more neutral stance, … Read more

Tesla delivers record vehicles in first quarter; output falls during China shutdown

A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York, US, April 29, 2016. REUTERS/Lucas Jackson/File Photo Register now for FREE unlimited access to Reuters.com Register April 2 (Reuters) – Tesla Inc (TSLA.O) on Saturday reported record electric vehicle deliveries for the first quarter, largely meeting analysts’ estimates, … Read more

Russia’s Gazprom exits German business amid crisis in energy ties

Model of petrol pump is seen in front of Gazprom logo in this illustration taken March 25, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, April 1 (Reuters) – Russia’s Gazprom (GAZP.MM) said on Friday it was quitting its business in Germany at a moment of crisis in the vital … Read more

Asian shares slip on gloomy outlook as Ukraine, recession risks weigh

A woman walks by an electronic display showing the Shenzhen and Hang Seng stock indexes, in Shanghai, China, September 24, 2021. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, April 1 (Reuters) – Asian shares fell on Friday following the biggest quarterly drop in global equities in two years, as investors … Read more

Oil slumps 7% as US plans record crude reserve release

US will release of 1 mln bpd of oil for 6 months starting May Biden says allies could release 30-50 mln bbls more IEA members to meet on Friday at 1200 GMT OPEC+ sticks to existing agreement with 432,000 bpd rise in May Benchmarks post biggest quarterly gain since Q2 2020 HOUSTON, March 31 (Reuters) … Read more

Intel CEO earned 1,711 times more than average company worker in 2021

March 30 (Reuters) – Intel Corp (INTC.O) Chief Executive Officer Pat Gelsinger earned 1,711 times as much as the average worker at the US chipmaker in just 11 months since he joined in February last year, a regulatory filing showed on Wednesday. Compared to Gelsinger, former CEO Bob Swan had earned 217 times more than … Read more