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EV maker Lucid’s quarterly revenue misses estimates on weak demand
(Reuters) - Lucid Group Inc first-quarter revenue missed Wall Street estimates on Monday and its net loss widened as sales came under pressure after aggressive price cuts from electric-vehicle market ...
Syndicated Content May 08, 2023
Fed says banking sector looks set to weather recent turmoil
WASHINGTON (Reuters) - The U.S. banking sector overall appears well-positioned to weather recent industry turmoil, but the experience could still weigh on credit conditions in the future, the Federal ...
Syndicated Content May 08, 2023
Yellen is calling CEOs personally to warn on US debt ceiling -sources
By Andrea Shalal WASHINGTON (Reuters) - Treasury Secretary Janet Yellen is reaching out to U.S. business and financial leaders to explain the "catastrophic" impact a U.S. default on its debt would hav...
Syndicated Content May 08, 2023
Credit Suisse economist Zoltan Pozsar leaves the bank – WSJ
(Reuters) - Zoltan Pozsar, a widely followed Credit Suisse markets guru, has left the bank, part of an exodus of staff that started in the months before the lender's shotgun takeover by rival UBS, the...
Syndicated Content May 08, 2023
Seven US senators raise concerns about Tesla use of forced arbitration clauses
WASHINGTON (Reuters) - A group of seven U.S. senators on Monday questioned Tesla's use of forced arbitration clauses in employee and consumer contracts, arguing that they prevent bringing discriminati...
Syndicated Content May 08, 2023
Union sues to strike down US debt limit as default looms
By Daniel Wiessner (Reuters) - A union for U.S. federal government employees filed a lawsuit on Monday claiming a law setting a $31.4 trillion debt ceiling is unconstitutional as political leaders see...
Syndicated Content May 08, 2023
Wall Street Journal, Los Angeles Times win Pulitzer prizes
(Reuters) - The Wall Street Journal won the Pulitzer Prize for investigative reporting for revealing financial conflicts of interest among officials at dozens of federal agencies, the award administra...
Syndicated Content May 08, 2023
Texas gunman may have embraced white supremacy, media reports say
(Reuters) - The man accused of shooting and killing eight people at a Texas mall appeared to have embraced white supremacist and neo-Nazi ideologies, multiple media outlets reported on Monday. In soci...
Syndicated Content May 08, 2023
Apple loses bid to revive US copyright claims over iOS simulation
By Blake Brittain (Reuters) - Apple Inc on Monday failed to convince a U.S. appeals court that security startup Corellium Inc infringed its copyrights by simulating its iOS operating system to help re...
Syndicated Content May 08, 2023
Warren Buffett’s rival for attention at Berkshire weekend: Squishmallows
By Jonathan Stempel (Reuters) - One of the biggest hits from the just-concluded annual love fest for Warren Buffett showed the enduring popularity of the investing legend: plush, squishy toys featurin...
Syndicated Content May 08, 2023
Peoria, IL, USA
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