Category Archives:
GM’s EV truck customers must wait for Tesla-compatible charge ports
By Paul Lienert (Reuters) - General Motors does not expect to put Tesla-compatible charging ports on its new Chevrolet Silverado EV pickups before model year 2025, it said on Monday. The U.S. automake...
Jun 26, 2023
Elton John’s Glastonbury triumph attracts 7.3 TV million viewers
GLASTONBURY, England (Reuters) - Elton John's masterclass in big-stage entertainment at Glastonbury on Sunday pulled in 7.3 million television viewers for a show packed with hits like "Tiny Dancer", "...
Jun 26, 2023
Chipmaker Wolfspeed secures $1.25 billion in debt funding from Apollo Global
(Reuters) - Wolfspeed said on Monday that a group led by Apollo Global Management would make a debt investment of $1.25 billion in the chipmaker, with room for an additional $750 million, to support i...
Jun 26, 2023
Bank of England to take Bank Rate to 5.50% over next two meetings: Reuters Poll
By Jonathan Cable LONDON (Reuters) - The Bank of England will raise borrowing costs 50 basis points higher than was thought only two weeks ago, in two quarter-point moves, as elevated inflation proves...
Jun 26, 2023
Analysis-Fever over BlackRock’s bitcoin fund faces chill of rate hikes and regulations
By Elizabeth Howcroft LONDON (Reuters) - BlackRock's plans for a bitcoin fund have helped push the world's largest cryptocurrency to its highest in a year, but rising interest rates and a regulatory c...
Jun 26, 2023
Pakistan cenbank raises key policy rate to 22% – statement
ISLAMABAD (Reuters) - Pakistan's central bank raised its key rate by 100 basis points to 22% in an emergency meeting on Monday, it said in a statement. The meeting came a day after the country passed ...
Jun 26, 2023
Prologis to buy industrial properties from Blackstone for $3.1 billion
(Reuters) -Prologis Inc said on Monday it has agreed to buy 14 million square feet of industrial properties from real estate funds affiliated with Blackstone for $3.1 billion in an all-cash deal. The ...
Jun 26, 2023
Siemens Energy sell-off continues, takes market value loss to $8.2 billion
FRANKFURT (Reuters) - Siemens Energy fell for a second consecutive day on Monday, hit by a raft of target price cuts and rating downgrades in the wake of deeper-than-expected problems at its wind turb...
Jun 26, 2023
Databricks strikes $1.3 billion deal for generative AI startup MosaicML
(Reuters) - Databricks said on Monday it has agreed to acquire generative artificial intelligence startup MosaicML in a deal valued at roughly $1.3 billion. The deal comes at a time when Artificial In...
Jun 26, 2023
Tesla’s searing rally elicits downgrades, caution on Wall Street
By Aniruddha Ghosh (Reuters) - A blistering rally in Tesla Inc shares has powered the EV maker's market value toward trillion-dollar levels, prompting some analysts to question its valuation and downg...
Jun 26, 2023
Peoria, IL, USA
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