Tesla scraps low-cost car plans amid fierce Chinese EV competition
(Reuters) -Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a…
Volkswagen EVs ‘can’t keep up’ in China, CEO tells newspaper
BERLIN (Reuters) – Volkswagen wants to avoid setting “utopian” goals for its market share in China, its CEO told German…
Bank of Japan hints at near-term rate hike, pushing yields higher
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said inflation would likely accelerate from “summer towards autumn”…
Fed’s Kashkari says 2024 rate cuts under threat if inflation continues to stall
(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari said on Thursday that at the U.S. central bank’s meeting last…
Exclusive-Google parent Alphabet weighs offer for HubSpot, sources say
By Anirban Sen and Milana Vinn (Reuters) -Google parent Alphabet has been talking to its advisers about the possibility of…
Levi Strauss surges on profit forecast raise as direct customer sales, cost cuts pay off
By Savyata Mishra (Reuters) – Shares of Levi Strauss & Co jumped 20% to a more than two-year high on…
Powell sticks with Fed’s cautious rate-cut strategy
By Howard Schneider and Abhirup Roy STANFORD, California (Reuters) -Federal Reserve officials including U.S. central bank chief Jerome Powell on…
White House directs NASA to create time standard for the moon
By Joey Roulette and Will Dunham WASHINGTON (Reuters) – The White House on Tuesday directed NASA to establish a unified…
Costco offering members access to weight-loss programs including medication
(Reuters) – Costco Wholesale will offer its members access to weight-loss programs, including prescription drugs Ozempic and Wegovy, from online…
Ulta Beauty slumps as CEO warns of lackluster first-quarter demand, drags peers
By Savyata Mishra (Reuters) -Shares of Ulta Beauty tumbled as much as 14.5% on Wednesday after executives flagged a slowdown…