By Abhirup Roy SAN FRANCISCO (Reuters) -Rivian Automotive Inc is betting it can keep prices high for its debut lines of electric pickup trucks and sport-utility vehicles even when competition swells,[...]
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Updated
Traders bet on end to Fed rate hikes after April inflation data
(Reuters) -An April inflation reading on Wednesday that was more benign than expected disrupted the modest momentum that had been building for an 11th straight U.S. interest rate hike in June. Futures[...]
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Daimler Truck holds 2023 outlook on supply chain disruptions
BERLIN (Reuters) -Daimler Truck reported on Tuesday a rise in first-quarter return on sales but maintained its 2023 outlook due to instability in the supply chain for semiconductors which it said was[...]
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DoorDash rides on delivery demand to raise 2023 core profit forecast
By Granth Vanaik (Reuters) -DoorDash Inc raised its annual core profit forecast after beating quarterly revenue expectations on Thursday, benefiting from an increase in orders for food, groceries and[...]
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Ferrari sees strong second quarter as Purosangue deliveries start
MILAN (Reuters) -Ferrari on Thursday produced a bigger than expected 27% rise in first-quarter core profit and forecast a strong second quarter, when deliveries start for its new Purosangue model, for[...]
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Factbox-Why are Hollywood writers threatening to strike?
LOS ANGELES (Reuters) – Hollywood writers and the film and television studios are racing to agree to a new contract to replace the one that expires at 11:59 p.m. Pacific time Monday. If they fai[...]
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The road to First Republic Bank’s collapse
(Reuters) – JPMorgan Chase & Co is buying most of First Republic Bank’s assets, which had been seized by United States regulators, in a last-ditch rescue for the strained lender, marki[...]
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Intel climbs as Wall St cheers early signs of recovery
By Aditya Soni and Eva Mathews (Reuters) -Intel Corp shares rose 8% as the once-dominant chipmaker showed signs of a turnaround after ceding market share to rivals and struggling with all-time low mar[...]
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Altria misses quarterly sales estimates on weak cigarette demand
(This story has been corrected to say that quarterly revenue fell 1.2%, not 2.9%, in paragraph 7) (Reuters) – Altria Group Inc missed sales expectations for the first quarter on Thursday, as pri[...]
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