-Ford Motor cut prices of some variants of its F-150 Lightning electric pickup truck by as much as $5,500, the Detroit automaker said on Thursday,
Category: Business
US to award Samsung up to $6.6 billion chip subsidy for Texas expansion, sources say
By Alexandra Alper WASHINGTON (Reuters) -The Biden administration plans to announce it is awarding more than $6 billion to South Korea’s Samsung next week to
Tesla’s Musk predicts AI will be smarter than the smartest human next year
(Reuters) -Tesla CEO Elon Musk on Monday predicted development of artificial intelligence that was smarter than the smartest human probably by next year, or by
Yellen says global concerns growing over China’s excess industrial capacity
By David Lawder GUANGZHOU, China (Reuters) -U.S. Treasury Secretary Janet Yellen said on Friday that concerns are growing over the global economic fallout from China’s
Stocks retreat, bonds rally after Fed officials cool rate-cut outlook
By Herbert Lash NEW YORK (Reuters) -Words of caution from Federal Reserve officials on Thursday about the need to keep interest-rate cuts in check until
Dollar hits two-week low, moves lower against yen
By Hannah Lang NEW YORK (Reuters) -The dollar hit a two-week low on Thursday as economic data supported expectations for quick interest rate cuts in
Twilio to seek shareholder approval for new board director terms
(Reuters) – Cloud communications company Twilio said on Wednesday it will seek shareholder approval at its upcoming annual meeting to change its board director terms
EV startup Fisker prepares for possible bankruptcy filing, WSJ reports
(Reuters) -Electric vehicle startup Fisker has hired restructuring advisers to assist with a possible bankruptcy filing, the Wall Street Journal reported on Wednesday, citing people
SpaceX’s third Starship test flight gets FAA green light
By Joey Roulette WASHINGTON (Reuters) – The FAA on Wednesday granted SpaceX a license to test-launch the company’s Starship rocket system from Texas, according to
Wall Street ends mostly lower as chipmakers ease; inflation data ahead
By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 and Nasdaq edged lower on Wednesday as investors took profits in chipmaker stocks, while they braced