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…
Factbox-Top issues in Detroit Three’s negotiations with UAW
(Reuters) – United Auto Workers President Shawn Fain said on Friday the three Detroit automakers had converged on a 23%…
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…
Oil settles up 1% on nagging worries about Middle East
By Laura Sanicola (Reuters) -Oil prices settled higher on Thursday as traders remained nervous that Israel’s military campaign in Gaza…
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…
Blackstone’s Q3 earnings miss shows toll of interest rate rises
By Chibuike Oguh NEW YORK (Reuters) -Blackstone Inc said on Thursday that its third-quarter distributable earnings fell by a steeper-than-expected…
Amazon defends Prime program in bid to defeat FTC lawsuit
By Mike Scarcella (Reuters) – Amazon.com has denied duping millions of subscribers to its Amazon Prime service, asking a U.S.…
Chinese EV battery giant CATL reports sharp slowdown in profit growth
BEIJING (Reuters) -China’s CATL, the world’s largest battery maker for electric vehicles (EV), said on Thursday that third-quarter profit rose…