Boeing reaches early deal with 25% higher pay in hope to avert strike
By Allison Lampert and David Shepardson -Boeing said on Sunday it had reached a tentative agreement with a union representing…
Category: Business
Musk’s xAI in talks for share in future Tesla revenue, WSJ reports
(Reuters) – Elon Musk’s AI startup xAI has discussed a deal that would give it some revenue from Musk’s Tesla…
Robinhood reaches $3.9 million settlement with California over crypto withdrawals
(Reuters) – A cryptocurrency platform run by Robinhood Markets will pay $3.9 million for failing to let customers withdraw cryptocurrency…
Biden preparing to block Nippon’s US Steel takeover, source says
By Jeff Mason WASHINGTON (Reuters) -U.S. President Joe Biden is preparing to block Nippon Steel’s acquisition of U.S. Steel, a…
Johnson & Johnson adds $1.1 billion to proposed talc settlement
(Reuters) -Johnson & Johnson plans to pay an additional $1.1 billion to resolve thousands of legal actions alleging its baby…
Nvidia and chip index tumble as investors pause AI rally
By Noel Randewich (Reuters) – Shares of AI heavyweight Nvidia tumbled on Tuesday, with Wall Street’s chip index slumping 7%…
AI likely to weigh on oil prices over the next decade, Goldman says
(Reuters) – Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via…
Citi hires Achintya Mangla to head investment banking financing
NEW YORK (Reuters) – Citigroup has hired Achintya Mangla as head of financing for investment banking, a newly created role…
US gasoline slumps to near 3-year low on end of driving season, oil slump
By Shariq Khan NEW YORK (Reuters) – U.S. gasoline futures fell nearly 6% on Tuesday to their lowest since December…
Tesla’s China-made EV sales rise 3% y/y in Aug
BEIJING (Reuters) – Sales of U.S. automaker Tesla’s China-made electric vehicles grew 3% in August from a year earlier, data…