By Zaheer Kachwala (Reuters) -Rivian Automotive missed market estimates for fourth-quarter deliveries as tough competition and high interest rates weighed on demand for its electric vehicles, sending[...]
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January 2, 2024
For investors, 2024 is year of transition to a new economic order
By Paritosh Bansal (Reuters) – Investors appear convinced that major Western central banks are close to a much awaited pivot, from raising interest rates to cutting them. Markets rallied as a re[...]
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Moderna jumps on Oppenheimer upgrade, 2025 sales growth goal
(Reuters) -Moderna shares gained nearly 14% on Tuesday as brokerage Oppenheimer upgraded the stock to “outperform” and the vaccine maker’s CEO reiterated the company’s goal of[...]
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Global shipping firms continue to pause Red Sea shipments
By Terje Solsvik and Vera Eckert OSLO (Reuters) -Denmark’s Maersk and German rival Hapag-Lloyd said on Tuesday their container ships would continue to avoid the Red Sea route that gives access t[...]
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US profit growth to accelerate in 2024 despite economy risks
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. corporate earnings should improve at a stronger clip in 2024 as inflation and interest rates come down, analysts predict, but worries about slo[...]
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Arrival misses interest payment on convertible notes amid cash crunch
(Reuters) – British electric-vehicle startup Arrival said on Tuesday it missed the Dec. 1 deadline to make an interest payment on its convertible debt due 2026 as it battles a cash crunch. Arriv[...]
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Maersk will continue to pause all Red Sea shipments
COPENHAGEN (Reuters) – Denmark’s Maersk said on Tuesday it would continue to pause all cargo shipments through the Red Sea following a weekend attack on one of its ships. (Reporting by Jac[...]
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Investors pin hopes on Canada’s mid-sized EQ Bank after blockbuster 2023
By Nivedita Balu TORONTO (Reuters) – In a tough year for Canadian banks, shares in mid-sized lender EQB Inc jumped more than 50% on solid earnings growth, making it the best-performing banking s[...]
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Saudi sovereign wealth fund splashes cash in 2023 – report shows
By Libby George LONDON (Reuters) -Saudi Arabia’s Public Investment Fund accounted for about a quarter of the almost $124 billion spent by sovereign wealth funds worldwide last year, a report pub[...]
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