 | | | | Rivian Automotive Inc warned on Thursday that supply chain issues would limit its production in 2022 and said it expects to produce 25,000 passenger cars, sending the shares of the EV maker down more than 10% in extended trading. | | | | | | Six South American nations are proposing the exclusion of fertilizer from sanctions on Russia, a major world producer whose invasion of Ukraine has disrupted supplies, Brazil's Agriculture Minister Tereza Cristina Dias said on Thursday. | | | | | | Wall Street resumed its slide on Thursday, ending in the red as inflation hit a four-decade high, cementing expectations that the U.S. Federal Reserve would hike key interest rates at the conclusion of next week's monetary policy meeting to prevent the economy from overheating. | | | | | | TikTok is nearing a deal for Oracle Corp to store its U.S. users' information without its Chinese parent ByteDance having access to it, hoping to address U.S. regulatory concerns over data integrity on the popular short video app, people familiar with the matter said. | | | | | | The Internal Revenue Service plans to launch job fairs and other efforts to hire 10,000 new employees over the next several months to help clear millions of unprocessed tax returns, the Treasury Department said on Thursday. | | | | | | Oracle Corp reported a sharp decline in third-quarter profit, as the business software and cloud firm spends heavily in building out data centers across the world, and also recorded losses from some other investments. | | | | | | Japanese brands Uniqlo and Japan Tobacco made U-turns and said they were stopping business in Russia, joining the corporate crowd shunning Moscow on Thursday, and Britain escalated sanctions against oligarchs including Chelsea soccer club owner Roman Abramovich. | | | | | | Global share markets slid on Thursday as U.S. inflation hit almost 8%, making it almost certain the U.S. Federal Reserve will raise interest rates next week, and the European Central Bank sped up the end of its massive stimulus program. | | | | | | Goldman Sachs Group Inc and JPMorgan Chase became the first U.S. banks to wind down business in Russia after it invaded Ukraine, while Credit Suisse said it had gross exposure to Russia of 1.6 billion Swiss francs ($1.73 billion) at the end of last year. | | | | | | The Russian attack on Ukraine may slow global growth and raise new economic risks, but top central banks are keeping their focus trained on an inflation fight that looks set to intensify. | | | | | |
