Tesla’s bleak margins sour investors as Musk hypes everything but cars
By Deborah Mary Sophia and Reshma Rockie George (Reuters) -Tesla shares sank more than 11% on Wednesday as its shrinking auto-sales margins disappointed investors after
Philip Morris lifts annual profit forecast on nicotine pouch demand
(Reuters) – Philip Morris International raised its annual adjusted profit forecast on Tuesday, owing to steady demand for its Zyn nicotine pouches and higher prices
Apple likely to release foldable iPhone as early as 2026, the Information reports
(Reuters) – Apple is likely to introduce its foldable iPhone as early as 2026, the Information reported on Tuesday, that could mark the biggest hardware
Visa prevented $40 billion worth of fraudulent transactions in 2023- official
JOHANNESBURG (Reuters) – Visa prevented 80 million fraudulent transactions worth $40 billion globally last year thanks to investments in technology including artificial intelligence (AI), a
Tesla shares could swing 10% either way after earnings, options show
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders in the options market expect Tesla shares to swing by nearly 10% in either direction by
Alphabet to report double-digit Q2 growth; AI adoption, ballooning costs in focus
By Yuvraj Malik (Reuters) – Google-parent Alphabet is expected to report a nearly 14% rise in quarterly revenue, its fourth straight quarter of double-digit growth,
Sliding airline profits and plane delays cast shadows at air show
By Joanna Plucinska and Allison Lampert FARNBOROUGH, England (Reuters) – A plunge in Ryanair’s quarterly profits cast a shadow over the opening of the Farnborough
Theater chain AMC reaches new debt restructuring deal, shares surge
(Reuters) -AMC Entertainment Holdings has reached an agreement with creditors to extend the maturity of up to $2.45 billion of its debt, the theater chain
Investment funds buy $28.837 billion 10-year note in July – U.S. Treasury
July 22 (Reuters) – Large investment managers bought $28.837 billion at a 10-year note auction held in July, compared with the $26.477 billion they purchased
With Kamala Harris, Democrats would bet against US history of sexism, racism
By Jeff Mason and Bianca Flowers (Reuters) – The Democratic party will be taking a historic gamble if it turns to Vice President Kamala Harris