Citadel’s flagship fund rose 2% in April, defying market turmoil
By Carolina Mandl NEW YORK (Reuters) -Citadel’s flagship fund, Wellington, rose 2% in April, overcoming a month of pain for…
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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…
Boeing taps debt market to raise $10 billion, sources say
By Allison Lampert, Matt Tracy and Shankar Ramakrishnan (Reuters) -Boeing on Monday tapped debt markets to raise $10 billion, after…