US small caps struggle as elevated interest rates take a toll
By David Randall NEW YORK (Reuters) – The prospect of interest rates remaining elevated as the Federal Reserve battles inflation…
Trump warns he may not accept Wisconsin election results
By James Oliphant WASHINGTON (Reuters) – Donald Trump said he may not accept the 2024 election results in Wisconsin, a…
Rivian receives $827 million in incentives to expand Illinois facility, shares jump
(Reuters) -Rivian Automotive said on Thursday it has received $827 million in an incentive package from the State of Illinois…
US labor market still tight; productivity falters in first quarter
By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new claims for unemployment benefits held steady at a low…
Exclusive-Tesla retreats from next-generation ‘gigacasting’ manufacturing process
By Norihiko Shirouzu and Giulio Piovaccari AUSTIN, Texas (Reuters) – Tesla has backed away from an ambitious plan for innovations…
Apple set for big sales decline as investors await AI in iPhones
By Yuvraj Malik (Reuters) -Apple’s plan to add generative AI to its iPhones and revive sagging sales in the crucial…
KFC parent Yum reports surprise drop in global same-store sales on weak demand
By Juveria Tabassum (Reuters) -Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand…
Mastercard’s profit beats as consumer spending defies inflation worries
By Mehnaz Yasmin (Reuters) -Mastercard reported first-quarter profit that exceeded Wall Street expectations on Wednesday, on higher card spending by…
‘Bitcoin Jesus’ arrested in Spain on US tax evasion charges
By Nate Raymond (Reuters) – An early investor in bitcoins dubbed the “Bitcoin Jesus” has been arrested in Spain on…
Super Micro misses quarterly revenue estimates as inventory up, shares down 14%
By Akash Sriram and Stephen Nellis (Reuters) -Artificial intelligence server maker Super Micro Computer reported third-quarter revenue below estimates on…