Carvana shares surge as much as 68% after upbeat second-quarter outlook
By Nathan Gomes and Sinéad Carew (Reuters) -Shares of used-car retailer Carvana Co closed up 56.0% on Thursday with some…
Month: June 2023
Toshiba board recommends shareholders support $14 billion buyout
By Kiyoshi Takenaka and Makiko Yamazaki TOKYO (Reuters) – Toshiba Corp said on Thursday its board has decided to recommend…
Just Climate raises $1.5 billion with help from Microsoft fund
LONDON (Reuters) – Asset manager Just Climate said on Thursday it had raised $1.5 billion for its inaugural fund after…
What makes a crypto asset a security in the U.S.?
By Jody Godoy (Reuters) -Determining whether digital tokens are securities will be central to the high-stakes case brought by U.S.…
Boeing accused in lawsuit of stealing trade secrets for NASA rocket
By Jonathan Stempel (Reuters) – Boeing was sued on Wednesday by a Colorado company that accused the aerospace giant of…
Analysis-For Musk and other foreign CEOs visiting China, silence is golden
By Brenda Goh and Joe Cash SHANGHAI/BEIJING (Reuters) – A veritable parade of overseas CEOs including Tesla’s Elon Musk and…
Court upholds Musk’s win in $13 billion lawsuit over Tesla-SolarCity deal
By Tom Hals (Reuters) -A trial court properly found that Tesla Inc CEO Elon Musk did not push the electric…
Merck sues US government to halt Medicare drug price negotiation
By Michael Erman NEW YORK (Reuters) -Merck & Co sued the U.S. government on Tuesday, seeking to halt the Medicare…
US bond giant PIMCO sees chance to expand lending after banking turmoil
By Davide Barbuscia NEW YORK (Reuters) – PIMCO said on Tuesday that this year’s banking turmoil has created opportunities for…
US bank stocks rebound, regional banking index hits near 7-week high
By Manya Saini (Reuters) -Shares of U.S. banks regained some footing on Tuesday, with one of the top regional banking…