By Akash Sriram and Abhirup Roy (Reuters) -Electric vehicle (EV) maker Lucid Group Inc reported lower-than-expected first-quarter revenue on Monday and trimmed its 2023 production forecast as a price[...]
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May 8, 2023
Mexico rolls out investment plans for southern industrial corridor
By Kylie Madry MEXICO CITY (Reuters) -The Mexican government on Monday set out fresh details of a plan to attract businesses to a corridor straddling a narrow isthmus of southern Mexico, part of a lar[...]
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Crypto exchange Bittrex files for bankruptcy after SEC complaint
By Dietrich Knauth (Reuters) – Cryptocurrency exchange Bittrex Inc filed for bankruptcy protection on Monday, three weeks after the U.S. Securities and Exchange Commission (SEC) accused it of op[...]
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New York Times to get around $100 million from Google over three years – WSJ
(Reuters) – The New York Times is getting around $100 million from Google over three years as part of a broad deal that allows the Alphabet Inc unit to feature Times content on some of its platf[...]
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Biden, McCarthy aim to break US debt-ceiling standoff as default crisis looms
By David Morgan WASHINGTON (Reuters) – President Joe Biden and top Republicans and Democrats from Congress are set to sit down this week to try to resolve a three-month standoff over the $31.4 t[...]
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Canada’s Cenovus Energy shuts down some production due to Alberta wildfire
(Reuters) – Canada’s Cenovus Energy Inc said on Monday it has shut down production plants in some areas of its conventional business, due to wildfires in Alberta. The company added that pr[...]
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Palantir jumps on forecast for profit every quarter in 2023, AI demand
By Chavi Mehta (Reuters) -Palantir Technologies said on Monday it expects to turn a profit every quarter in 2023, betting on interest “unlike anything we have seen” in its new artificial i[...]
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Wall Street ends near flat ahead of inflation data
By Shreyashi Sanyal, Shristi Achar A and Carolina Mandl (Reuters) – U.S. stocks paused on Monday after a strong rally in the prior session as investors shift focus to a key inflation reading lat[...]
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Biden wants airlines to pay passengers in U.S. for lengthy delays
By David Shepardson and Nandita Bose WASHINGTON (Reuters) -U.S. President Joe Biden on Monday said his administration is writing new rules that will require airlines to compensate passengers with cash[...]
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