By Hyunjoo Jin and Ernest Scheyder (Reuters) -Tesla Inc on Monday broke ground on a Texas lithium refinery that CEO Elon Musk said should produce enough of the battery metal to build about 1 million e[...]
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May 9, 2023
Investment bankers bonuses forecast to drop as much as 20% this year – report
By Tatiana Bautzer NEW YORK (Reuters) – Investment bankers working on mergers, acquisitions or equity offerings are expected to have their bonuses cut by the biggest proportion on Wall Street th[...]
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Americans’ confidence in Powell hits a low mark for a Fed chief, poll shows
(Reuters) – Americans’ confidence in Federal Reserve Chair Jerome Powell’s economic stewardship has skidded to the lowest of any recent U.S. central bank head, according to a Gallup[...]
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Coty’s fragrances sweeten profit forecast after strong beat
By Ananya Mariam Rajesh and Deborah Mary Sophia (Reuters) -Coty Inc on Tuesday raised its annual profit forecast for the second time, as the CoverGirl parent banks on price hikes, new launches and res[...]
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US small business sentiment slumps to more than 10-year low
By Lucia Mutikani WASHINGTON (Reuters) -U.S. small business confidence fell to more than a 10-year low in April on worries about the near-term economic outlook and persistent worker shortages, but the[...]
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KKR, Macquarie eyeing Singapore’s waste management firm SembWaste – sources
By Kane Wu and Yantoultra Ngui HONG KONG/SINGAPORE (Reuters) – U.S. private equity group KKR & Co Inc and Australia’s Macquarie Asset Management are among potential bidders for the was[...]
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GM hires former Apple executive Abbott to lead software unit
(Reuters) – General Motors Co on Tuesday named former Apple Inc executive Mike Abbott to lead a division that will bring together three software functions within the company. Abbott, whose appoi[...]
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Global hedge fund launches at lowest level since 2017 -Preqin
By Nell Mackenzie LONDON (Reuters) – Hedge fund launches in 2023 are at their lowest level globally since 2017, data provider Preqin said, against a backdrop of banking upheaval and bouts of mar[...]
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Under Armour expects dull annual sales, profit as demand slows
By Granth Vanaik (Reuters) -Under Armour Inc forecast annual sales and profit below Wall Street estimates on Tuesday, signaling that stubborn inflation was hurting demand and higher discounts were ero[...]
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