Reuters

WASHINGTON (Reuters) - Sales of new U.S. single-family homes fell more than expected in April amid a resurgence in mortgage rates and higher prices, further evidence that the housing market was losing momentum in the second quarter.

New home sales dropped 4.7% to a seasonally adjusted annual rate of 634,000 units last month, the Commerce Department's Census Bureau said on Thursday. The sales pace for March was revised lower to 665,000 units from the... (continue reading...)

(Reuters) -Tesla's latest impact report published on Thursday does not include its previously laid down target to deliver 20 million vehicles a year by 2030, another sign it was scaling back its ambitions as an automaker amid a pivot to robotaxis.

CEO Elon Musk last month said that Tesla would use current product lines for new affordable vehicles, as it retreated from more ambitious plans to produce an all-new model that had been expected to cost $25,000.

By Chris Sanders

WASHINGTON (Reuters) - The U.S. Justice Department and a group of 30 states and the District of Columbia Thursday sued to break up Live Nation, arguing the big concert promoter and its Ticketmaster unit illegally inflated concert ticket prices and hurt artists.

"It is time to break up Live Nation,” said U.S. Attorney General Merrick Garland.

Concert fans and politicians for years have been calling for a... (continue reading...)

By Amy-Jo Crowley

LONDON(Reuters) - Peter Hargreaves, the biggest shareholder in UK retail investment platform Hargreaves Lansdown, is open to taking the company private and has held talks with investors recently about a transaction, three people familiar with the matter told Reuters.

Hargreaves Lansdown said on Thursday it rejected a 4.67 billion pound ($5.95 billion) takeover proposal from a consortium led by CVC Advisers and the Abu... (continue reading...)

By Matteo Negri

ROME (Reuters) - Pope Francis has not done enough to stamp out clerical sex abuse and its cover-up, activists and abuse survivors said on Thursday, protesting before a Vatican-hosted World Children's Day festival.

The Roman Catholic Church has been shaken by sexual abuse scandals around the world. Francis has tried to impose order, but his critics say more should have been done to root out abusive clergy and help their... (continue reading...)