Category Archives:
Lucid’s quarterly deliveries marginally rise from second quarter
(Reuters) -Luxury electric-vehicle maker Lucid Group said on Tuesday it delivered slightly more units in the third quarter than the preceding three months as a special price offer launched in August p...
Oct 17, 2023
Crypto giant Binance’s US affiliate halts direct dollar withdrawals
(Reuters) - The U.S. unit of cryptocurrency exchange Binance has halted withdrawal of dollars by its clients from the platform, its updated terms showed on Monday. In early June, Binance.US had halted...
Oct 17, 2023
China’s electric vehicle giant BYD sees Q3 net profit as much as doubling
HONG KONG (Reuters) - Chinese electric vehicle giant BYD on Tuesday said it expects third-quarter net profit to as much as double thanks to robust sales and effective cost control. The Shenzhen-based ...
Oct 17, 2023
Starboard’s Smith pushes for separation of divisions from News Corp
NEW YORK (Reuters) - Starboard Value's Jeff Smith said on Tuesday that News Corp. investors are not receiving the full value of the company's various divisions and that spinning off the Dow Jones news...
Oct 17, 2023
Canada’s annual inflation cools in September
TORONTO (Reuters) - Canada's annual inflation rate edged down to 3.8% in September on broad-based price reductions for some travel-related services, durable goods and groceries, Statistics Canada said...
Oct 17, 2023
Thermo Fisher Scientific to buy Olink in $3.1 billion deal
(Reuters) - Thermo Fisher Scientific said on Tuesday it would acquire Olink Holding AB in a deal valued at $3.1 billion as the U.S. medical equipment maker seeks to boost its life sciences portfolio t...
Oct 17, 2023
Bank of Israel hints in no rush to cut rates as this would stoke inflation
By Steven Scheer JERUSALEM (Reuters) - The Bank of Israel hinted on Tuesday that it was in no rush to lower interest rates despite Israel's war with Hamas in Gaza, since doing so would likely weaken t...
Oct 17, 2023
Biden to cut China off from more Nvidia chips, expand curbs to more countries
By Alexandra Alper, Karen Freifeld and Stephen Nellis WASHINGTON (Reuters) - The Biden administration said on Tuesday it plans to halt shipments to China of more advanced artificial intelligence chips...
Oct 17, 2023
US retail sales beat expectations in September; core retail sales rise solidly
WASHINGTON (Reuters) - U.S. retail sales increased more than expected in September as households boosted purchases of motor vehicles and spent more at restaurants and bars, suggesting the economy ende...
Oct 17, 2023
Bank of America’s unrealized losses on securities rose to $131.6 billion
By Saeed Azhar and Nupur Anand NEW YORK (Reuters) - Bank of America reported unrealized losses of $131.6 billion on securities held until maturity in the third quarter, growing from nearly $106 billio...
Oct 17, 2023
Peoria, IL, USA
52 °F Rain
