(Reuters) – Several global automakers are scaling down their electrification targets, hurt by slowing demand for fully electric vehicles due to lack of affordable models,
Category: Business
US crypto stocks fall on rising bets of Harris win after presidential debate
(Reuters) – U.S. cryptocurrency stocks fell in premarket trading on Wednesday after Democratic candidate Kamala Harris put her Republican rival Donald Trump on the defensive
Shortsellers bet against airlines and banks, Hazeltree report says
By Nell Mackenzie and Joanna Plucinska LONDON (Reuters) – Shortsellers had their sights on airlines in August, as pessimism towards a sector plagued by earnings
Adobe to launch generative AI video creation tool later this year
By Deborah Mary Sophia (Reuters) – Adobe will unveil a new generative AI-powered video creation and editing tool in a limited release later this year,
Rubrik shares fall as Microsoft-backed firm nears IPO lockup expiry
(Reuters) – Shares of Rubrik fell more than 6% on Tuesday, as the markets braced for the expiry of a lockup period tied to its
Ally Financial flags ‘intensifying’ credit challenges; shares slump
(Reuters) – Ally Financial’s credit challenges have intensified over the quarter as borrowers struggled with high inflation and costs of living, the consumer lender’s chief
Campbell Soup dropping ‘soup’ in name to become ‘The Campbell’s Company’
By Jessica DiNapoli and Anuja Bharat Mistry (Reuters) – Campbell Soup is dropping “soup” from its name to become “The Campbell’s Company,” CEO Mark Clouse
Hedge funds flock to Japan as market heats up
By Summer Zhen HONG KONG (Reuters) – Japan has emerged as a standout in Asia’s subdued $400 billion hedge fund sector, drawing fund launches while
Musk’s xAI in talks for share in future Tesla revenue, WSJ reports
(Reuters) – Elon Musk’s AI startup xAI has discussed a deal that would give it some revenue from Musk’s Tesla in exchange for providing the
Boeing reaches early deal with 25% higher pay in hope to avert strike
By Allison Lampert and David Shepardson -Boeing said on Sunday it had reached a tentative agreement with a union representing more than 32,000 workers in