Xiaomi’s Tesla Y rival YU7 hits showrooms in Beijing
By Qiaoyi Li and Alessandro DiviggianoBEIJING (Reuters) -Xiaomi rolled out its new sports utility vehicle in Beijing on Thursday, as the firm best known for smartphones and consumer electronics gears up to further challenge Tesla in the world’s largest auto...
Factbox-Trump’s tax and spending bill would raise some tariffs as well
WASHINGTON (Reuters) -The massive tax and spending bill that has passed the House of Representatives would also further another priority of President Donald Trump: higher tariffs. The bill would codify into law several key elements of the executive actions Trump has...
Amazon’s Zoox issues second software recall this month after San Francisco crash
(Reuters) – Amazon.com’s self-driving unit Zoox has issued a second software recall this month to improve how its vehicles track nearby pedestrians and prevent movement when someone is close, following a crash in San Francisco earlier this month.The recall...
Ford recalls nearly 1.1 million vehicles over rearview camera software issue
By David Shepardson(Reuters) -Ford Motor is recalling nearly 1.1 million vehicles in the United States because rearview cameras may not display images due to a software issue, increasing the risk of a crash.The recall covers some 2021 through 2024 model year Bronco,...
Robinhood rolls out desktop trading in UK to target seasoned retail investors
By Niket Nishant(Reuters) -U.S.-based online brokerage Robinhood said on Wednesday it was expanding its desktop platform into the UK to extend its reach among retail investors looking for more sophisticated trading tools.The launch comes months after the company first...
GameStop buys bitcoin worth $513 million in crypto push
(Reuters) -GameStop has purchased bitcoin worth about $513 million, the company said on Wednesday as the ailing video game retailer looks to capitalize on the growing adoption of cryptocurrencies globally.GameStop said in a filing it acquired 4,710 bitcoins, although...
Cantor Fitzgerald to buy UBS hedge fund unit
(Reuters) -U.S. brokerage firm Cantor Fitzgerald said on Wednesday it would buy Swiss lender UBS’ hedge fund unit, O’Connor.The deal continues an active dealmaking cycle for the Wall Street giant chaired by Brandon Lutnick, son of the former Cantor boss...Tomorrow’s Secrets – Delivered Today: Market Intelligence Report
Market Overview: Navigating Opportunities and Risks Markets are cautiously optimistic this week, fueled by a temporary reprieve as President Trump delays the proposed 50% tariffs on EU imports until July 9. This has led to solid gains across major indices, but signs...