SEOUL (Reuters) – South Korea’s current account balance in March ended a two-month run of deficit to post a surplus, but suffered its biggest quarterly deficit in more than 14 years during[...]
Read more
May 9, 2023
Rivian beats quarterly revenue estimates on higher-priced EV sales
By Akash Sriram (Reuters) -Rivian Automotive Inc on Tuesday beat Wall Street estimates for quarterly revenue as it sold more higher-priced electric vehicles, and stood by its annual production forecas[...]
Read more
Tesla says its Texas factory hits output of 5,000 Model Ys per week
BERKELEY, California (Reuters) – Tesla said on Tuesday that its Texas factory achieved production of 5,000 Model Y vehicles per week, meaning that it would be able to produce about 260,000 of th[...]
Read more
Airbnb forecasts fewer bookings, lower prices in Q2; shares slump
By Priyamvada C and Doyinsola Oladipo (Reuters) -Vacation rental booking company Airbnb Inc said on Tuesday that it expected fewer bookings and lower average daily rates in the second quarter versus a[...]
Read more
Wall Street closes down as focus shifts to inflation data, debt talks
By Carolina Mandl and Caroline Valetkevitch NEW YORK (Reuters) – U.S. stock indexes closed lower on Tuesday as investors grew more cautious ahead of a U.S. consumer price index report and a meet[...]
Read more
Cryptoverse-Tether gets a lift from stability doubts
By Tom Wilson and Vidya Ranganathan (Reuters) – Digital stablecoin tether is winning the race for the title of the crypto world’s “least risky” asset. As a regional U.S. bankin[...]
Read more
Automakers say proposed US emissions rules pose challenges
By David Shepardson WASHINGTON (Reuters) – An auto trade group warned on Tuesday that aggressive U.S. targets for reductions in vehicle emissions may rely on a too rapid transition to electric v[...]
Read more
Occidental Petroleum quarterly earnings down 48%, misses estimates
By Sabrina Valle and Sourasis Bose HOUSTON (Reuters) -U.S. oil and gas producer Occidental Petroleum Corp on Tuesday reported a 48% decline in first-quarter earnings that fell well short of analyst es[...]
Read more
Lackluster results, production target cuts deepen EV start-up gloom
By Tiyashi Datta and Abhirup Roy (Reuters) -EV makers Fisker Inc, Nikola Corp and Lucid Group disappointed investors with dull quarterly results and production target cuts, sending their shares lower[...]
Read more