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Chinese company Nio reveals their competitor to Tesla's Model Y.
(Ovichnews USA ) - Nio is a Chinese company that focuses on luxury and...US revokes licences for sales of chips to Huawei
Italian shoemaker Tod's to court US lovers of quiet luxury
UBS shares soar as profit smashes forecasts, share buyback plans affirmed
Maersk says Red Sea disruption will cut capacity by 15-20% in second quarter
US consumer confidence deteriorates in April
Futures Climb as Megacaps Offer Support, Fed Verdict on Tap
The US economy grew by less than forecast in the first three months of this year but inflation gathered pace, which could delay an interest rate cut.
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Tesla (TSLA.O), opens new tab shares surged about 10% on Wednesday after the electric-car maker eased some worries about slowing growth with a prediction that sales would rise this year and plans to roll out more affordable models in early 2025.
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Boeing (BA.N), opens new tab on Wednesday reported its first quarterly revenue drop in seven quarters, but the U.S. planemaker beat Wall Street expectations that were lowered after a January mid-air blowout of a cabin door prompted it to slow production of its strongest-selling jets.
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New orders for key U.S.-manufactured capital goods rose moderately in March and data for the prior month was revised lower, suggesting business spending on equipment was likely sluggish in the first quarter.
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Shares of Tesla (TSLA.O), opens new tab edged higher on Tuesday ahead of the electric car maker's first-quarter results, with analysts expecting its lowest gross profit margin in more than six years.
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PepsiCo (PEP.O), opens new tab beat Wall Street expectations for first-quarter revenue and profit on Tuesday as demand held steady for the soda and snacks giant's Tropicana juices and Cheetos in its international markets.
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Donald Trump is set to secure on Tuesday a stock bonus worth $1.3 billion from the company that operates his social media app Truth Social, equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares.
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The reclining armchairs and plush leather sofas coming off the production line at Man Wah Furniture's factory in Monterrey are 100% "Made in Mexico".
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Tesla has cut its prices again in a number of major markets - including the US, China and Germany - as the electric car giant run by multi-billionaire Elon Musk faces falling sales.
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Procter & Gamble (PG.N), opens new tab raised its annual profit forecast as commodity costs fall and consumers, particularly in the United States and Europe, keep buying its pricy Tide detergent and Dawn dish soap....
U.S. automakers General Motors (GM.N), opens new tab and Ford (F.N), opens new tab face a challenge in common when they report first-quarter results next week: Explaining to investors where profit growth will come from in the months ahead as EV growth slows....
Netflix (NFLX.O), opens new tab shares fell on Friday, as its surprise move to stop sharing subscriber additions and average revenue per member from 2025 sowed doubts in investor minds about growth peaking in some markets for the streaming pioneer....
Blackstone Inc (BX.N), opens new tab, the world's largest private equity firm, said on Thursday that its first-quarter distributable earnings rose 1% year-on-year supported by growth in fee-related earnings that was partly offset by a decline in income from asset divestments....
Tesla (TSLA.O), opens new tab and Elon Musk are seizing upon an obscure provision in corporate law to attempt to restore Musk's $56 billion pay package, in an untested move that could again mire the company in litigation, legal experts said....
Google said on Thursday it had terminated 28 employees after some staff participated in protests against the company's cloud contract with the Israeli government....
The U.S. Securities and Exchange Commission is scrutinizing whether investment advisers and other firms have strong enough policies to ensure nonpublic information is not misused to gain an illegal edge in trading, a top official told Reuters....
Tesla (TSLA.O), opens new tab on Wednesday asked its shareholders to once again approve CEO Elon Musk's record-breaking $56 billion pay that was set in 2018, but was rejected by a Delaware judge in January....
Profit is growing further out of reach for U.S. wheat farmers and many do not expect to break even in 2024 as ample global supply keeps prices around their lowest in nearly four years at the same time costs including equipment and transport remain high....
Production at U.S. factories increased solidly in March as output at motor vehicle assembly plants and elsewhere rose, suggesting that manufacturing was turning the corner after being constrained by higher borrowing costs....
U.S. single-family homebuilding tumbled in March, and while new construction remains underpinned by a severe shortage of previously owned houses for sale, a resurgence in mortgage rates is pushing potential buyers to the sidelines....
The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday it has opened a preliminary evaluation to investigate claims related to loss of brake assist for 3,322 GM (GM.N), opens new tab Cadillac Lyriq electric vehicles....
The Biden administration will award up to $6.4 billion in grants to South Korea's Samsung (005930.KS), opens new tab to expand its chip production in central Texas as part of a broader effort to expand U.S. chipmaking, the Department of Commerce said on Monday....
The Internal Revenue Service started tax filing deadline day on Monday by announcing that it had exceeded its goals for speeding assistance to taxpayers and cutting phone hold times to three minutes, and underscoring the need for Congress to maintain adequate funding for the tax agency....
If you are selling a home in the U.S., you may wonder when to put it on the market and get the best price....
he chaotic debut of Trump Media & Technology Group (DJT.O), opens new tab has captivated market participants, as its shares went on a wild ride in which the company's valuation soared to $9 billion before tumbling....
The U.S. Senate Commerce Committee said on Thursday it would hold a hearing next week with members of an expert panel that released a report in February criticizing Boeing's (BA.N), opens new tab safety culture and calling for significant improvements....
President Joe Biden has been urged to ban imports of Chinese-made electric cars to the US. ...
Portfolio and asset managers at some of the largest financial institutions hold a negative outlook on global credit conditions, according to a survey by the International Association of Credit Portfolio Managers....
Wall Street's main stock indexes opened higher on Thursday after softer-than-anticipated producer prices data soothed investor fears about sticky inflation, keeping hopes of rate cuts from the Federal Reserve this year alive....
Electric car giant Tesla has agreed to settle a lawsuit over a crash in 2018 which killed Apple engineer Walter Huang after his Model X, operating on Autopilot, collided with a highway barrier. ...
In February US company LanzaJet, which produces sustainable aviation fuel (SAF) from ethanol, announced that it intended to build a second, larger plant on US soil. ...
The boss of one of the world's biggest banks has warned US interest rates could climb to 8%. ...
U.S. Treasury Secretary Janet Yellen warned China on Monday that Washington will not accept new industries being decimated by Chinese imports, as she wrapped up four days of meetings to press her case for Beijing to rein in excess industrial capacity....
Americans relying on government benefits to buy food and other essentials are slashing spending, prompting food makers like Kraft-Heinz (KHC.O), opens new tab and Conagra Brands (CAG.N), opens new tab to overhaul their products and strategies following years of price hikes....
A look at the day ahead in U.S. and global markets from Mike Dolan. ...
Airline regulators in the US have begun an investigation after an engine cowling on a Boeing 737-800 fell off during take-off and struck a wing flap. ...
Johnson & Johnson (JNJ.N), opens new tab on Friday agreed to buy Shockwave Medical (SWAV.O), opens new tab for $12.5 billion, in a deal that would help broaden its portfolio of medical devices used in treating heart diseases....
At its peak in the early 2000s, Photobucket was the world's top image-hosting site. The media backbone for once-hot services like Myspace and Friendster, it boasted 70 million users and accounted for nearly half of the U.S. online photo market....
A look at the day ahead in U.S. and global markets by Alun John. ...
U.S. Transportation Secretary Pete Buttigieg on Thursday urged the nation's largest passenger airlines to improve travel benefits for active-duty military personnel and their families....
Billionaire Joe Lewis, whose family trust owns Tottenham Hotspur football club, was fined $5m (£4m) Thursday, but will avoid prison after pleading guilty to insider trading. ...
Strong economic data and worries over sticky inflation are pushing investors to reassess how deeply the Federal Reserve will be able to cut interest rates this year, fueling weakness in the U.S. government bond market....
U.S. layoff announcements rose 7% in March to the highest since January 2023, led by technology and government-sector job eliminations, though cuts announced year to date are down 5% from a year ago amid a still-strong job market, a report out on Thursday showed....
