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Southwest Airlines warns of quarterly loss after holiday meltdown

BY Reuters  • January 26, 2023January 26, 2023
By Rajesh Kumar Singh and Kannaki Deka (Reuters) -Southwest Airlines Co on Thursday warned of a loss in the current quarter as passengers shunned the carrier in the immediate aftermath of an operation[...]
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Business Newsletter Technology Updated US

NextEra shares tumble as revenue misses, head of key unit leaves

BY Reuters  • January 25, 2023January 25, 2023
(Reuters) -NextEra Energy Inc on Wednesday posted mixed quarterly results, sending its shares sliding as the renewable power company announced the retirement of the head of its key Florida utility uni[...]
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Business Newsletter Updated US

Musk says his SpaceX shares could have also helped fund taking Tesla private

BY Reuters  • January 24, 2023January 24, 2023
By Hyunjoo Jin and Jody Godoy SAN FRANCISCO (Reuters) -Elon Musk told jurors on Monday he was sure he had locked up financial support from Saudi investors in 2018 to take his electric car maker Tesla[...]
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Live Nation CFO defends Ticketmaster, blames bots for Taylor Swift debacle

BY Reuters  • January 23, 2023January 24, 2023
By David Shepardson WASHINGTON (Reuters) -Ticketmaster learned “valuable lessons” when the Taylor Swift concert tickets sale last year was disrupted by record bot traffic, the parent compa[...]
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Asia Business Entertainment and Lifestyle Newsletter Politics Technology Top News Updated US

Netflix’s ability to churn out hits gives it an edge over rivals

BY Reuters  • January 20, 2023January 20, 2023
(Reuters) -Netflix Inc’s steady stream of hit shows is helping it stand out in a crowded market while paving the way for double-digit revenue growth later this year, analysts said, after the fir[...]
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Business Economy Newsletter Technology Updated US

Oil prices rally to highest close since Dec. 1 on China optimism

BY Reuters  • January 19, 2023January 19, 2023
By Shariq Khan BENGALURU (Reuters) -Oil prices settled 1% higher on Thursday, extending a recent rally built around rising Chinese demand, while the market wrote off a second straight week of large bu[...]
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Business Economy Europe Middle East Newsletter UK Updated US

Musk trial: lawyers clash over whether CEO lied in 2018 Tesla tweet

BY Reuters  • January 19, 2023January 19, 2023
By Jody Godoy SAN FRANCISCO (Reuters) -Tesla Inc CEO Elon Musk “lied” when he said that funding was “secured” to take the company private, a lawyer for Tesla investors said on[...]
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Business Newsletter Top News Updated US

Hertz to offer 25,000 EV rentals to Uber drivers in Europe

BY Reuters  • January 17, 2023January 17, 2023
By Nick Carey LONDON (Reuters) – Car rental firm Hertz will make up to 25,000 electric vehicles (EVs) available to rent to drivers of ride-hailing company Uber in European capitals by 2025, the[...]
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Business Economy Newsletter US

Amazon workers’ union victory upheld by U.S. labor board director

BY Reuters  • January 12, 2023January 12, 2023
By Jeffrey Dastin (Reuters) -A U.S. labor board director has upheld Amazon.com Inc workers’ landmark union victory at a warehouse in New York, according to a decision issued Wednesday, bringing[...]
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Business Economy Newsletter Top News Updated US
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