Transport Canada probing cause of Tesla fire in Vancouver May 27, 2022 03:13PM

(Reuters) - The Canadian auto safety agency said on Friday it is probing the cause of a Tesla fire in Vancouver that drew attention after the driver struggled to exit the vehicle.

Transport Canada said following a May 20 2021 Tesla Model Y fire in Vancouver that it had its contracted collision and defect investigation team "locate and secure the vehicle."

The agency added it "notified Tesla of the incident and is currently making... (continue reading...)


Stock rally fanned by hopes of Fed 'past peak hawkishness' May 27, 2022 02:45PM

By David Randall

NEW YORK (Reuters) -Bad news may once again be good news on Wall Street, as signs of slowing U.S. growth fan hopes that the Federal Reserve may not need to tighten policy as much as previously expected.

Home sales have fallen for a third straight month, while big misses from retail giants such as Target Corp and Walmart Inc shook their share prices last week. The Atlanta Fed's GDPNow estimate of real GDP growth for the second... (continue reading...)


Movie stocks take off as 'Top Gun' sequel hits screens May 27, 2022 12:42PM

By Noel Randewich

(Reuters) - U.S. cinema stocks took off on Friday amid soaring expectations for the Memorial Day weekend debut of the sequel to the Tom Cruise blockbuster, "Top Gun".

Cinemark Holdings, AMC Entertainment Holdings and Imax Corp each rallied more than 6% as "Top Gun: Maverick" debuted in cinemas, with box office analysts projecting the Paramount film will be one of the biggest box office hits of the summer.

... (continue reading...)


Iran Guards say they seize two Greek tankers in Gulf - state media May 27, 2022 12:36PM

(Reuters) - Iran's Revolutionary Guards said they seized two Greek tankers in the Gulf for unspecified violations on Friday, Iranian state media reported.

"The Revolutionary Guards Navy today seized two Greek tankers for violations in Gulf waters," said a Guards statement, quoted by the state news agency IRNA.

(Reporting by Dubai newsroom; Editing by Andrew Heavens)


Iran’s Islamic Revolutionary Guard Corps confirms seizure of the two Greek tankers in Persian Gulf - Reports May 27, 2022 12:29PM

Iran’s Islamic Revolutionary Guard Corps confirms seizure of the two Greek tankers in Persian Gulf - Reports


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