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China’s Luckin plans store expansion, remains committed to the US market

Women leave a store of the Chinese coffee house chain Luckin Coffee in Beijing, China, July 8, 2020. Picture taken July 8, 2020. REUTERS/Thomas Peter Register now for FREE unlimited access to Reuters.com Register HONG KONG/BEIJING, Aug 9 (Reuters) – Two years after it was forced to withdraw from the Nasdaq for an accounting fraud, …

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Explainer: When will Americans feel the Inflation Reduction Act’s impact?

A general view of the US Capitol after United States Vice President Kamala Harris, voted on the Senate floor to break the 50-50 tie to proceed to the Inflation Reduction Act on Capitol Hill in Washington, DC, US August 6, 2022. REUTERS/ Ken Cedeno Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug …

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Rocket Cos to buy personal finance app Truebill for nearly $1.3 bln

Dec 20 (Reuters) – Rocket Cos Inc (RKT.N) said on Monday it would buy personal finance app Truebill for nearly $1.3 billion in cash, as the Detroit-based company looks to expand its reach in the consumer finance market. Shares of Rocket, a platform that comprises mortgages, tech-driven real estate and financial services businesses, were down …

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Hollywood actress Anne Heche in coma since fiery car crash

Anne Heche attends the premiere for the film “The Tender Bar” at The TLC Chinese Theater in Los Angeles, California, US, December 12, 2021. REUTERS/Aude Guerrucci Register now for FREE unlimited access to Reuters.com Register LOS ANGELES, Aug 8 (Reuters) – Hollywood actress Anne Heche remained hospitalized in critical condition, comatose and connected to a …

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Dollar edges lower as currency markets pull back on Friday’s moves

Dollar falls; Aussie, Kiwi and sterling gain Traders price in 69% chance of 75 bps Fed hike in Sept LONDON, Aug 8 (Reuters) – The dollar fell on Monday, losing some of the gains it had made from Friday’s US jobs data, as currency markets pulled back on their initial reaction and waited for Wednesday’s …

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Musk challenges Twitter CEO to public debate on bots

Elon Musk’s Twitter profile is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration//File Photo Register now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – Elon Musk on Saturday challenged Twitter Inc (TWTR.N) Chief Executive Officer Parag Agrawal to a public debate …

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Musk says Twitter deal should go ahead if it provides proof of real accounts

An image of Elon Musk is seen on smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – Elon Musk said that if Twitter Inc. (TWTR.N) could provide its method of sampling 100 accounts and …

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Amazon’s connected device cart grows with $1.7 billion deal for Roomba maker

Aug 5 (Reuters) – Amazon.com Inc (AMZN.O) will acquire the maker of robot vacuum cleaner iRobot Corp (IRBT.O) in an all-cash deal for about $1.7 billion, in the latest push by the world’s largest online retailer to add to its cart of smart home devices. Amazon will pay $61 per share, valuing iRobot at a …

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TC Energy inks deal with Mexican utility to develop $4.5 bln gas pipeline

TC Energy’s logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 4 (Reuters) – TC Energy Corp (TRP.TO) said on Thursday it had struck a deal with a Mexican state utility to develop a $4.5 billion natural gas pipeline. …

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Fed’s Daly says 50-basis-point rate hike next month is ‘reasonable’

San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, US, July 16, 2019. REUTERS/Ann Saphir/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 3 (Reuters) – It would be ‘reasonable’ for the Federal Reserve to raise interest rates by 50 basis points next month …

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