Biden orders ban on certain US tech investments in China
By Karen Freifeld, Andrea Shalal and David Shepardson NEW YORK/WASHINGTON (Reuters) -President Joe Biden on Wednesday signed an executive order…
Category: General
Wall Street ends lower as investors await US inflation data
By Echo Wang (Reuters) – U.S. stocks closed lower on Wednesday, the day after a report showed Americans borrowed more…
Congresswoman Waters ‘deeply concerned’ about PayPal’s stablecoin launch
(Reuters) – Democrat Congresswoman Maxine Waters said on Wednesday she was “deeply concerned” about payment giant PayPal launching its own…
Exclusive-Private equity firm STG nears $1.4 billion deal for Avid Technology -sources
By Milana Vinn and Anirban Sen NEW YORK (Reuters) – Private equity firm Symphony Technology Group (STG) is nearing a…
Rivian lifts 2023 EV production target, reassures on liquidity
By Abhirup Roy and Akash Sriram (Reuters) – Rivian Automotive on Tuesday raised its full-year production forecast, and its chief…
Lyft falls as fears of price war with Uber overshadow strong forecast
By Yuvraj Malik (Reuters) -Lyft signaled on Tuesday it would double down on competitive pricing to catch up with larger…
Oil edges up on higher US economic growth outlook; China import slump weighs
By Stephanie Kelly NEW YORK (Reuters) -Oil prices edged higher on Tuesday as a U.S. government agency projected a rosier…
Lilly hits record high after Mounjaro fuels forecast raise, rival data
By Bhanvi Satija and Mariam Sunny (Reuters) -Eli Lilly on Tuesday raised its annual forecasts as demand for new diabetes…
Palantir raises revenue target on AI boost, announces share buyback
By Chavi Mehta (Reuters) -Palantir Technologies slightly raised its annual revenue forecast on Monday and said it would buy back…
Beyond Meat cuts annual revenue forecast as faux meat demand dips
By Ananya Mariam Rajesh (Reuters) -Beyond Meat cut annual revenue forecast and missed second-quarter net sales estimates, as slowing demand…