Lucid beats estimates for EV deliveries as price cuts, cheaper financing spur demand
By Jaspreet Singh (Reuters) -Lucid beat expectations for quarterly deliveries, as the Saudi Arabia-backed maker of luxury electric vehicles lowered…
Category: Business
Smithfield Foods first to publicly file in 2025 for big US IPO
(Reuters) -Smithfield Foods on Monday made public its paperwork for its New York initial public offering as the maker of…
Chip firms surge on hopes of strong AI-led demand
By Medha Singh and Purvi Agarwal (Reuters) -Shares of chipmakers jumped on Monday as Microsoft’s plan to invest $80 billion…
Musk donated $108 million in Tesla shares to unnamed charities, filing shows
(Reuters) – Tesla chief executive Elon Musk donated 268,000 Tesla shares to unnamed charities just before the new year, according…
US to issue hydrogen credit rule this week, with path for nuclear, sources say
WASHINGTON (Reuters) – The U.S. Treasury Department intends to release guidance on how to access tax credits for hydrogen production…
Boeing on track to be 2024’s biggest loser in Dow Jones Index
(Reuters) – U.S. planemaker Boeing is on track to be the biggest loser of 2024 in the Dow Jones Index,…
Nvidia closes $700 million Run:ai acquisition after regulatory hurdles
(Reuters) – Chipmaker Nvidia has completed its acquisition of Israeli AI firm Run:ai, the startup said on Monday, following antitrust…
OpenAI lays out plan to shift to new for-profit structure
(Reuters) – OpenAI on Friday laid out a plan to revamp its corporate structure next year, saying it would create…
Ark’s Cathie Wood calls for tax clarity as she rides ‘Trump bump’
By Suzanne McGee (Reuters) – U.S. tech investor Cathie Wood is calling on Donald Trump’s incoming administration to boost economic…
Dollar edges up on bets of US growth, inflation
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar edged higher on Thursday on expectations the currency would be…