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Day: February 23, 2024

Ford halts shipments of new F-150 Lightning EVs
General

Ford halts shipments of new F-150 Lightning EVs

By David Shepardson (Reuters) -Ford Motor said on Friday it had halted shipments of all 2024 model year F-150 Lightning…

February 23, 2024February 24, 2024
Blackstone CEO Schwarzman received $896.7 million in pay, dividends in 2023
General

Blackstone CEO Schwarzman received $896.7 million in pay, dividends in 2023

(Reuters) – Blackstone Inc Chief Executive Steve Schwarzman took home $896.7 million in pay and dividends last year, a 29%…

February 23, 2024February 24, 2024
Analysis-Prices for new US drugs rose 35% in 2023, more than the previous year
General

Analysis-Prices for new US drugs rose 35% in 2023, more than the previous year

By Deena Beasley (Reuters) – Pharmaceutical companies last year launched new U.S. drugs at prices 35% higher than in 2022,…

February 23, 2024February 24, 2024
Judge approves Binance $4.3 billion guilty plea as US seeks to modify founder Zhao’s bond
General

Judge approves Binance $4.3 billion guilty plea as US seeks to modify founder Zhao’s bond

By Jonathan Stempel (Reuters) – A U.S. judge on Friday accepted Binance’s guilty plea and more than $4.3 billion penalty…

February 23, 2024February 24, 2024
China’s woes won’t slow US economy, but excess capacity a concern, says Treasury’s Adeyemo
General

China’s woes won’t slow US economy, but excess capacity a concern, says Treasury’s Adeyemo

By David Lawder (Reuters) -U.S. Deputy Treasury Secretary Wally Adeyemo said on Friday that he is concerned about China’s excess…

February 23, 2024February 23, 2024
H&R Block accused of deceptive marketing over ads for free tax-filing
General

H&R Block accused of deceptive marketing over ads for free tax-filing

By David Shepardson and Jasper Ward WASHINGTON (Reuters) -The U.S. Federal Trade Commission said Friday it filed a complaint accusing…

February 23, 2024February 23, 2024
Nvidia briefly hits $2 trillion valuation as AI frenzy grips Wall Street
General

Nvidia briefly hits $2 trillion valuation as AI frenzy grips Wall Street

By Aditya Soni and Patturaja Murugaboopathy (Reuters) -Nvidia briefly hit $2 trillion in market value for the first time on…

February 23, 2024February 23, 2024
Soaring US stocks could take cues from Fed as earnings wind down
General

Soaring US stocks could take cues from Fed as earnings wind down

By Lewis Krauskopf NEW YORK (Reuters) – Strong corporate results have helped fuel the S&P 500’s climb to new highs…

February 23, 2024February 23, 2024
Reddit’s US IPO filing reveals $90.8 million losses, 21% revenue growth in 2023
General

Reddit’s US IPO filing reveals $90.8 million losses, 21% revenue growth in 2023

By Niket Nishant and Manya Saini (Reuters) -Reddit disclosed on Thursday that its net loss narrowed to $90.8 million and…

February 23, 2024February 23, 2024

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