Mar 30, 2023
Manchin threatens to sue US Treasury over EV tax credit rules

By David Shepardson WASHINGTON (Reuters) -Senate Energy Committee Chair Joe Manchin said on Wednesday he may go to court after the U.S. Treasury releases guidance later this week on battery sourcing guidance for electric vehicle tax credits. "If it goes…

Mar 23, 2023
BofA, UBS trim forecast for Fed funds rate amid banking crisis

(Reuters) - Bank of America and UBS trimmed their terminal rate expectations on Thursday after the U.S. Federal Reserve hinted that it might pause its rate-hike campaign due to the turmoil in the banking sector. The Fed's benchmark rate stood…

Mar 23, 2023
U.S. Fed delivers small rate hike amid global banking turmoil

By Howard Schneider, Yoruk Bahceli and Akriti Sharma (Reuters) -The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs after the…

Mar 21, 2023
Credit Suisse, UBS deal: What you need to know

(Reuters) - Investors took some heart from the rescue of troubled lender Credit Suisse by its Swiss rival UBS, though concerns lingered about the risk of shockwaves further damaging credit markets and smaller U.S. banks. Attention is now on this…

Mar 20, 2023
Scratched EV battery? Your insurer may have to junk the whole car

By Nick Carey, Paul Lienert and Sarah McFarlane LONDON/DETROIT (Reuters) -For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing insurance companies to write off cars with few miles -…

Mar 16, 2023
Fed seen delivering quarter-point rate hike next week

By Ann Saphir and Lindsay Dunsmuir (Reuters) -With the bulk of relevant economic data now in hand ahead of their policy meeting next week, U.S. central bankers are seen pressing on with their inflation-fighting campaign with a quarter-point interest-rate hike…

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