Celsius founder Alex Mashinsky gets 12 years prison for crypto fraud
By Jonathan Stempel NEW YORK (Reuters) – Alex Mashinsky, the founder and former chief executive of bankruptcy cryptocurrency lender Celsius…
US railroad Amtrak cutting 450 positions, $100 million in annual costs
By David Shepardson WASHINGTON (Reuters) -U.S. passenger railroad Amtrak said on Wednesday it is eliminating 450 positions as it aims…
Beyond Meat withdraws annual forecasts as US faux meat demand slides
(Reuters) -Beyond Meat on Wednesday withdrew its annual sales target as macroeconomic volatility and high inflation in the United States…
Netflix to revamp TV app interface, launch AI-powered search for iOS users
(Reuters) -Netflix said on Wednesday it plans to revamp its TV app interface and introduce generative AI to the iOS…
Chip tech provider Arm forecasts first-quarter revenue below estimates
By Arsheeya Bajwa and Stephen Nellis (Reuters) – Arm Holdings forecast first-quarter sales and profit below Wall Street estimates on…
Higher OPEC+ output, tariff uncertainty raising oil price volatility, EIA says
NEW YORK (Reuters) – Perceptions of oversupply among oil market participants from increasing OPEC+ output and uncertainty about the economic…
Rivian slashes annual deliveries forecast as US tariffs seen hitting demand
(Reuters) -Rivian lowered its deliveries forecast for 2025 on Tuesday as U.S. tariffs on imported vehicles and auto parts threaten…
Super Micro cuts annual revenue forecast; shares fall
(Reuters) -Super Micro Computer trimmed its fiscal 2025 revenue expectation on Tuesday, adding to concerns around the server maker’s position…
Lucid sticks to annual production forecast even as tariff woes hit automakers
(Reuters) -Lucid stuck to its 2025 production forecast on Tuesday despite the threat of tariffs forcing many automakers to pull…
Rivian to build $120 million Illinois supplier park to lower tariff-related costs
(Reuters) -Rivian said on Monday that it will invest $120 million to bring its key parts suppliers near its plant…