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Amazon defends Prime program in bid to defeat FTC lawsuit
Business

Amazon defends Prime program in bid to defeat FTC lawsuit

By Mike Scarcella (Reuters) – Amazon.com has denied duping millions of subscribers to its Amazon Prime service, asking a U.S.…

October 19, 2023October 20, 2023
Chinese EV battery giant CATL reports sharp slowdown in profit growth
Business

Chinese EV battery giant CATL reports sharp slowdown in profit growth

BEIJING (Reuters) -China’s CATL, the world’s largest battery maker for electric vehicles (EV), said on Thursday that third-quarter profit rose…

October 19, 2023October 22, 2023
Netflix raises prices and adds subscribers, despite strikes
Business

Netflix raises prices and adds subscribers, despite strikes

By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Netflix increased subscription prices for some streaming plans in the United…

October 19, 2023October 19, 2023
Tesla CEO Musk raises alarm on interest rates, hesitates on Mexico factory
Business

Tesla CEO Musk raises alarm on interest rates, hesitates on Mexico factory

By Hyunjoo Jin, Akash Sriram and Joseph White (Reuters) -Tesla CEO Elon Musk said on Wednesday that he was concerned…

October 19, 2023October 19, 2023
US regional banks earn more on loans but warn on rising deposit costs
Business

US regional banks earn more on loans but warn on rising deposit costs

By Chibuike Oguh NEW YORK (Reuters) -Several U.S. regional banks beat analysts third-quarter profit expectations on Wednesday as higher interest…

October 18, 2023October 18, 2023
Lam Research forecasts revenue below estimates despite China business boom
Business

Lam Research forecasts revenue below estimates despite China business boom

By Jaspreet Singh and Max A. Cherney (Reuters) -Chip manufacturing equipment supplier Lam Research forecast second-quarter revenue slightly below Wall…

October 18, 2023October 18, 2023
US options traders on edge, eye bond market moves
Economy

US options traders on edge, eye bond market moves

By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S. equity options traders remain on edge, with much of their focus…

October 17, 2023October 17, 2023
Rivian CEO says bond issue does not reflect concerns about EV maker’s financial health
Business

Rivian CEO says bond issue does not reflect concerns about EV maker’s financial health

By Abhirup Roy SAN FRANCISCO (Reuters) -Rivian’s earlier-than-expected bond issuance this month was aimed at strengthening the electric-vehicle maker’s balance…

October 17, 2023October 17, 2023
Microsoft in talks to sign on Amazon as customer in $1 billion cloud tools deal – Insider
Business

Microsoft in talks to sign on Amazon as customer in $1 billion cloud tools deal – Insider

(Reuters) -Microsoft is preparing to bring Amazon.com as a customer for its 365 cloud productivity tools in a deal worth…

October 17, 2023October 17, 2023
United Airlines forecasts weaker quarterly profit on higher costs
Business

United Airlines forecasts weaker quarterly profit on higher costs

By Rajesh Kumar Singh CHICAGO (Reuters) -United Airlines Holdings on Tuesday forecast weaker fourth-quarter earnings due to higher costs, sending…

October 17, 2023October 17, 2023

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