(Reuters) -Social media platform Reddit Inc, whose message boards became central to meme stock trading frenzy in 2021, is tapping Wall Street banks Morgan Stanley and Goldman Sachs Group for its initial public offering, a source familiar with the matter told Reuters on Friday. Reddit had confidentially filed for an IPO in December and is…
(Reuters) – Tesla Inc Chief Executive Officer Elon Musk tweeted on Friday that the electric carmaker will raise the U.S. price of its advanced driver assistant software dubbed “Full Self Driving” to $12,000 on Jan. 17. The 20% price rise comes less than two years since Tesla raised Full Self-Driving (FSD) prices to $10,000 from…
WASHINGTON (Reuters) – The U.S. Federal Aviation Administration (FAA) on Friday disclosed a list of 50 U.S. airports that will have buffer zones when wireless carriers turn on new 5G C-band service on Jan. 19. AT&T and Verizon Communications on Monday agreed to buffer zones around 50 airports to reduce the risk of disruption from…
MEXICO CITY (Reuters) -More than 70 Grupo Aeromexico pilots have tested positive for the coronavirus during a surge of infections from the Omicron variant, leading to 22 canceled flights, a union that represents pilots of the Mexican airline said. Jose Suarez, press secretary for pilots’ association ASPA, told television station Milenio the cases triggered a…
By Kylie Madry MEXICO CITY (Reuters) – A new Constellation Brands brewery, diverted to the Gulf coast state of Veracruz in Mexico after a dispute over water use, will be built by a major river, a government official said on Friday. The plant is part of planned investment in Mexico of up to $5.5 billion…
By Caroline Valetkevitch NEW YORK (Reuters) – Wall Street on Friday wrapped up the first week of the new year with daily and weekly losses as investors worried about looming U.S. interest-rate hikes and unfolding Omicron news. The Nasdaq posted its biggest weekly percentage fall since February 2021 and led declines for the day in…
WASHINGTON (Reuters) – A U.S. appeals court on Friday revived a 2019 shareholder lawsuit filed against Boeing Co after two fatal 737 MAX crashes killed 346 people over a five-month period and led to the plane’s 20-month grounding. The Seafarers Pension Plan filed a lawsuit alleging that Boeing officers and board members made false and…
(Reuters) – Social media platform Reddit Inc, whose message boards became central to meme stock trading frenzy in 2021, is tapping Wall Street banks Morgan Stanley and Goldman Sachs Group for its initial public offering, Bloomberg News reported on Friday, citing people familiar with the matter. Reddit, which said it had confidentially filed for an…
By Arathy Somasekhar (Reuters) -Oil prices settled lower on Friday, as the market weighed supply concerns from the unrest in Kazakhstan and outages in Libya against a U.S. jobs report that missed expectations and its potential impact on Federal Reserve policy. Brent crude settled down 24 cents, or 0.3%, to $81.75 a barrel, while U.S….
By David Henry and Noor Zainab Hussain (Reuters) -Citigroup Inc staff in the United States who have not been vaccinated against COVID-19 by Jan. 14 will be placed on unpaid leave and fired at the end of the month unless they are granted an exemption, a source familiar with the matter said on Friday. The…
