EV startup Fisker raises going concern doubts, shares plunge
By Zaheer Kachwala and Abhirup Roy (Reuters) -EV startup Fisker warned on Thursday it might not be able to continue…
Category: Business
Exclusive-GM’s Cruise valuation slashed by more than half, adding to woes
By Greg Bensinger (Reuters) -General Motors’ Cruise saw its internal share price cut by more than half from a quarter…
Automakers question feasibility of California 2035 EV sales mandate plan
By David Shepardson WASHINGTON (Reuters) -Major automakers said on Wednesday that a California plan to end the sale of gasoline-only…
Snowflake forecasts weak first-quarter product revenue, shares slump
(Reuters) -Snowflake forecast first-quarter product revenue below Wall Street estimates on Wednesday on expectations that customers would cut back on…
Google hit with $2.3 billion lawsuit by Axel Springer, other media groups
By Foo Yun Chee BRUSSELS (Reuters) -Alphabet’s Google was hit with a 2.1-billion-euro ($2.3 billion) lawsuit by 32 media groups…
Tesla aims to ship Roadster cars next year, Musk says
(Reuters) – Tesla will aim to ship its Roadster electric sports car next year, the electric vehicle maker’s CEO Elon…
Stocks pause as key inflation data eyed
By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks closed near flat on Tuesday ahead of inflation and other economic data…
Beyond Meat to increase prices, cut costs ‘steeply’ in 2024; shares soar
By Juveria Tabassum (Reuters) -Beyond Meat said it would ramp up product prices and “steeply reduce” costs this year after…
EBay beats earnings estimates on strong U.S. holiday spending
(Reuters) -E-commerce platform eBay beat market expectations for quarterly revenue and profit on Tuesday, helped by healthy consumer spending during…
Hedge funds call time on tech rally, banks say
By Nell Mackenzie and Carolina Mandl LONDON/NEW YORK (Reuters) -Global hedge funds sold tech stocks at their highest pace in…