Tesla Revenue Misses Forecast; New Factories Squeeze Margins
By Hyunjoo Jin and Akash Sriram (Reuters) -Tesla Inc on Wednesday posted record third-quarter revenue but still missed Wall Street…
October 2022
BNP Sees Fed Terminal Rate Of 5.25% In Q1, U.S. Recession In Q2
NEW YORK (Reuters) – BNP Paribas expects the Federal Reserve to push the fed funds rate to a peak of…
Tesla 3Q profit more than doubles from a year ago to $3.29B
DETROIT (AP) — Tesla reported Wednesday that its third-quarter profit more than doubled from a year ago, fueled by higher…
Euro Zone Sept Inflation Revised Down Slightly, Still At Record High
BRUSSELS (Reuters) – Euro zone consumer inflation was marginally lower in September than estimated earlier, data showed on Wednesday, but…
U.S. To Release Oil Reserves As Biden Tackles High Pump Prices
By Nandita Bose, Jarrett Renshaw and Steve Holland WASHINGTON (Reuters) – U.S. President Joe Biden announced a plan on Wednesday…
Buffett’s conglomerate closes $11.6B Alleghany insurance buy
OMAHA, Neb. (AP) — Warren Buffett’s company completed its largest acquisition in years Wednesday with its $11.6 billion purchase of…
U.S. To Release Oil Reserves As Biden Tackles High Gas Prices
By Nandita Bose, Jarrett Renshaw and Steve Holland WASHINGTON (Reuters) – U.S. President Joe Biden announced a plan on Wednesday…
Amazon Launches Home Insurance Comparison Website In Britain
By Carolyn Cohn and Rhea Binoy LONDON (Reuters) -Amazon.com Inc is launching a home insurance portal in Britain and has…
U.S. Single-family Home Starts Fall To Lowest Level In More Than Two Years
(Reuters) -U.S. homebuilding fell more than expected in September and the number of new groundbreakings for single-family homes tumbled to…
BMW investing $1.7B in S Carolina as automaker shifts to EVs
GREER, S.C. (AP) — BMW will invest $1 billion in its sprawling factory near Spartanburg, South Carolina, to start producing…