By Lewis Krauskopf NEW YORK (Reuters) – The massive rally in Apple’s shares is forcing some fund managers to revisit a thorny dilemma: they may not own enough of the stock. Apple’s share p[...]
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July 3, 2023
EV charging firms oppose Texas’ ‘premature’ plan to mandate Tesla standard -letter
By Abhirup Roy SAN FRANCISCO (Reuters) -A group of EV charger makers and operators is pushing back against Texas’ plan to mandate the inclusion of Tesla technology in charging stations, saying i[...]
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Kentucky mandates Tesla’s charging plug for state-backed charging stations
By Hyunjoo Jin San Francisco (Reuters) -Kentucky is requiring that electric vehicle charging companies include Tesla’s plug if they want to be part of a state program to electrify highways using[...]
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Stellantis to invest in historic Italian Mirafiori plant
MILAN (Reuters) – Carmaker Stellantis will invest up to 200 million euros ($218 million) to ensure its Italian Mirafiori site, the historic home of Fiat, remains one of its primary locations for[...]
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Branson, Virgin Group reputations at centre of $250 million London court clash
By Sam Tobin LONDON (Reuters) – British billionaire Richard Branson severely damaged Virgin Group’s reputation by residing in a tax haven while UK-based airline Virgin Atlantic sought a go[...]
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European shares end lower as healthcare declines outweigh miner gains
By Amruta Khandekar and Shreyashi Sanyal (Reuters) -European shares erased gains by the closing bell to finish lower on Monday as AstraZeneca led falls among healthcare stocks that outweighed gains by[...]
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Rivian beats estimates for second-quarter EV deliveries, shares jump
By Chavi Mehta (Reuters) -Rivian Automotive beat market estimates for second-quarter deliveries on higher production and stable demand for its electric vehicles, sending the company’s shares up[...]
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Billionaire Ambani’s Reliance Jio renews rural India push with $12 4G phone
(Reuters) -Reliance Jio said on Monday it would launch a 4G feature phone priced at 999 rupees ($12.19), the latest attempt by billionaire Mukesh Ambani’s telecom arm to grab market share in Ind[...]
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Spread between 2- and 10-year Treasuries at deepest inversion since ’81
By David Randall (Reuters) – A widely watched section of the U.S. Treasury yield curve hit its deepest inversion on Monday since the high inflation era of Fed Chairman Paul Volcker, reflecting f[...]
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