By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell over 3% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output that offset supply concerns generated by escalating geopolitical tension in the Middle East. Brent crude settled down...
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Business
GM robotaxi unit Cruise offers $75,000 to resolve crash probe
By David Shepardson (Reuters) -General Motors' Cruise robotaxi unit offered on Friday to pay $75,000 to resolve an investigation by California regulators into its failure to disclose details of a pedestrian crash involving a self-driving car. In December, the...
Big US banks to headline corporate bond calendar after earnings
By Matt Tracy (Reuters) - U.S. banks are expected to dominate corporate bond issuance following several major players' earnings on Friday and early next week, according to bond investors and analysts. January has historically served as the largest bond issuing month...