Finance

Ford to drop up to 1,000 jobs at German plant as demand for electric cars in Europe lags forecasts

Ford to drop up to 1,000 jobs at German plant as demand for electric cars in Europe lags forecasts

FRANKFURT, Germany (AP) — Ford Motor Co. said Tuesday it would cut up to 1,000 jobs at its electric auto plant in Cologne, Germany due to lower than expected demand for battery-powered cars. The ...

Read More
How a Texas refinery turns Amazon-destroying cattle into ‘green’ jet fuel

How a Texas refinery turns Amazon-destroying cattle into ‘green’ jet fuel

By Fabio Teixeira, Manuela Andreoni and Allison Lampert XINGUARA (Reuters) -A Texas refinery that supplies green fuel to U.S. airlines has been purchasing animal fat from cattle raised on illegall...

Read More
Google pledges £5bn investment in the UK, creating AI-driven jobs

Google pledges £5bn investment in the UK, creating AI-driven jobs

Google announced a two-year, £5 billion (€5.78bn) investment in the UK at the opening of its data centre in Waltham Cross, Hertfordshire, on Tuesday. The news comes just ahead of a state visit by ...

Read More
Fed rate-cut optimism has bond investors focusing on duration, steeper yield curve

Fed rate-cut optimism has bond investors focusing on duration, steeper yield curve

By Gertrude Chavez-Dreyfuss and Laura Matthews NEW YORK (Reuters) -Bond investors are buying longer-term maturities up to 10-year debt and ramping up bets on a steeper yield curve, anticipating t...

Read More
Fed avoids shock to independence for now, with Cook to attend meeting; Miran confirmed to open seat

Fed avoids shock to independence for now, with Cook to attend meeting; Miran confirmed to open seat

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The U.S. central bank opens a two-day policy meeting on Tuesday having skirted, for now, a first-ever effort by the U.S. President to remo...

Read More
Falling before the Fed rate cut

Falling before the Fed rate cut

Mortgage rates continue to move lower, prior to an expected Fed rate cut tomorrow. According to Zillow, the current 30-year mortgage rate is 6.16%, down 12 basis points since Friday. The 15-year f...

Read More