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…
Day: February 23, 2024
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%…
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,…
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…
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…
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…
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…
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…
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…