By Hyunjoo Jin SAN FRANCISCO (Reuters) – A Tesla Model S car was in “Full Self-Driving” mode when it hit and killed a 28-year-old motorcyclist in the Seattle area in April, police…
Author: Financial Edge Daily
Exclusive-Harris and her VP pick to tour battleground states next week, sources say
By Jarrett Renshaw and Nandita Bose (Reuters) -Vice President Kamala Harris will tour battleground states next week with her vice presidential candidate, two sources familiar with the planning said on Tuesday, a…
World Bank approves $1 billion in financing for Ethiopia
(Reuters) – The World Bank said on Tuesday its board had approved a $1 billion credit for Ethiopia, as the Horn of Africa country tries to push ahead with a long-running debt…
CrowdStrike down after report Delta Air to seek compensation over IT outage
(Reuters) – Shares of CrowdStrike fell more than 4% in premarket trading on Tuesday after a report Delta Air Lines will seek compensation from the cybersecurity firm over the recent global IT…
Stellantis offering new round of voluntary buyouts to US salaried workers
DETROIT (Reuters) – Jeep-maker Stellantis said on Tuesday it is offering a new round of voluntary buyouts to its U.S. salaried workers, the latest in a series of cost-cutting measures CEO Carlos…
Tesla jumps on replacing Ford as Morgan Stanley’s ‘top pick’ in US auto sector
(Reuters) – Tesla shares jumped nearly 6% on Monday after Morgan Stanley named the most valuable automaker its “top pick” in the U.S. automotive industry, replacing Ford. The brokerage said Tesla’s energy…
Pondera seeks to cash out of Whisker at $1 billion valuation, sources say
By Abigail Summerville NEW YORK (Reuters) – Investment firm Pondera Holdings is exploring options for Whisker, including a sale of its controlling stake that could value the maker of self-cleaning cat litter…
US-listed crypto stocks retreat following Trump-fueled spike
By Niket Nishant (Reuters) – Shares of New York-listed crypto firms fell on Monday as bitcoin dipped after breaching the $70,000-mark for the first time since mid-June. The sell-off erased gains from…
McDonald’s sales fall globally for first time in more than three years
By Savyata Mishra (Reuters) -McDonald’s reported a surprise drop in sales worldwide on Monday, its first decline in 13 quarters, as deal-seeking consumers shy away from higher priced menu items, including Big…
Putin warns the United States of Cold War-style missile crisis
By Guy Faulconbridge and Dmitry Antonov MOSCOW (Reuters) -Russian President Vladimir Putin on Sunday warned the United States that if Washington deployed long-range missiles in Germany then Russia would station similar missiles…