Lockheed exits Air Force tanker competition, lifting Boeing’s KC-46
By Valerie Insinna and Mike Stone WASHINGTON (Reuters) -Lockheed Martin Corp has withdrawn from the U.S. Air Force’s competition to…
Category: Business
Billionaire investor Ackman says ‘covered our bond short’
(Reuters) – Bill Ackman’s hedge fund Pershing Square Capital Management has covered its bond short position, the billionaire investor posted…
Graphite buyers to boost imports ahead of China’s curbs – analysts
By Polina Devitt and Amy Lv LONDON/BEIJING (Reuters) -Some graphite consumers will aim to accelerate imports of the EV battery…
Investors seek shelter as U.S. stocks grow more turbulent
By Lewis Krauskopf NEW YORK (Reuters) – Growing volatility in U.S. stocks is driving a search for defensive assets, though…
UAW presses Detroit automakers for better offer, threatens more walkouts
By Joseph White and Ben Klayman DETROIT (Reuters) -United Auto Workers President Shawn Fain on Friday warned of more walkouts…
US budget gap soars to $1.7 trillion, largest outside COVID era
By David Lawder WASHINGTON (Reuters) -The U.S. government on Friday posted a $1.695 trillion budget deficit in fiscal 2023, a…
Dip buyers flock to Tesla Bull ETF amid stock selloff
By Bansari Mayur Kamdar (Reuters) – Investors piled into a leveraged exchange traded fund that bet on upside in Tesla’s…
China, world’s top graphite producer, tightens exports of key battery material
By Siyi Liu and Dominique Patton BEIJING (Reuters) -China said on Friday it will require export permits for some graphite…
Tesla CEO Musk’s demand warning sparks selloff in EV stocks
By Aditya Soni and Akash Sriram (Reuters) – Elon Musk’s warning that high interest rates could sap electric-vehicle demand knocked…
Netflix shares surge on big subscriber additions despite Hollywood strikes
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Streaming pioneer Netflix showed resilience by gaining more quarterly subscribers than…