Nvidia overtakes Apple as world’s most valuable company
By Noel Randewich and Sruthi Shankar (Reuters) – Nvidia dethroned Apple as the world’s most valuable company on Friday, following…
Author: Wall St Mavens
US nuclear regulator hears Three Mile Island power plant restart plan
NEW YORK (Reuters) – Constellation Energy is making its case to restore the operating license for its Three Mile Island…
Justice Dept warns Musk’s super PAC over million dollar giveaways, CNN reports
WASHINGTON (Reuters) – The U.S. Justice Department has sent a letter to Elon Musk’s super PAC warning that the billionaire…
Arm Holdings to cancel Qualcomm chip design license, source says
(Reuters) -Chip firm Arm is cancelling an architectural license agreement that allows Qualcomm to use its intellectual property to design…
Tesla expects slight growth in 2024 vehicle deliveries, shares jump
(Reuters) -Tesla said on Wednesday it expects to achieve slight growth in vehicle deliveries this year and reported a higher-than-expected…
Boeing defense’s business is ‘core’, but struggles abound for new CEO
By Mike Stone WASHINGTON (Reuters) – Boeing CEO Kelly Ortberg anticipates the planemaker’s defense business will continue to struggle under…
RTX boosts 2024 forecasts again on demand for aircraft repairs, defense systems
By Pratyush Thakur and Mike Stone (Reuters) – RTX on Tuesday raised its 2024 adjusted profit and sales forecasts for…
Freeport-McMoRan’s third-quarter profit beats on higher copper prices
(Reuters) -Miner Freeport-McMoRan reported a third-quarter profit on Tuesday that beat analysts’ estimates as higher copper prices helped offset a…
Lockheed Martin lifts profit, sales forecasts on strong demand for weapons
By Pratyush Thakur and Mike Stone (Reuters) – Defense contractor Lockheed Martin on Tuesday joined rival RTX in lifting annual…
Shift to electric vehicles will have far-reaching impact, IMF says
(Reuters) – The global transition toward electric vehicles will have “far-reaching” impacts on investment, production, international trade and employment, the…