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…
Category: General
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…
PayPal launches dollar-backed stablecoin, boosting shares
By Jaiveer Shekhawat and Hannah Lang (Reuters) -Payments giant PayPal said on Monday it has launched a U.S. dollar stablecoin,…
Tyson Foods shares tumble on slowing demand, plant closures
By Tom Polansek and Granth Vanaik (Reuters) -Tyson Foods missed Wall Street expectations for third-quarter revenue and profit on Monday,…
KKR to buy Simon & Schuster for $1.62 billion from Paramount Global
(Reuters) – Paramount Global said on Monday it was selling Simon & Schuster to KKR & Co for $1.62 billion…
Musk’s Neuralink raises $280 million in funding led by Thiel’s Founders Fund
(Reuters) – Elon Musk’s brain chip startup Neuralink has raised $280 million in a funding round led by Peter Thiel’s…