Peloton backpedals to near record low after bike recall
NEW YORK (Reuters) – Shares of Peloton Interactive tumbled 6.0% in early trading and hit a more than six-month low…
May 11, 2023
TuSimple gets Nasdaq delisting notice for failing to file quarterly report
(Reuters) – TuSimple Holdings Inc said on Thursday it had received a delisting notice from the Nasdaq for failing to…
JPMorgan CEO Dimon says bank is convening a ‘war room’ on debt ceiling
NEW YORK (Reuters) -JPMorgan Chase & CO CEO Jamie Dimon said on Thursday the bank is convening weekly meetings to…
Italy discusses break-up rescue for Eurovita – sources
MILAN (Reuters) – Italian authorities and financial firms on Wednesday discussed plans to rescue Eurovita by dividing up the troubled…
Disney Shares Fall On Jitters Over Streaming Subscriber Losses
By Aditya Soni (Reuters) -Walt Disney Co shares fell more than 8% on Thursday as a surprise drop in streaming…
Fed headed for a pause, then rate cuts, traders bet
By Ann Saphir SAN FRANCISCO (Reuters) -A jump in jobless claims reported Thursday, along with weaker-than-expected wholesale price pressures, have…
Labor unions ask UN body to probe Starbucks’ use of legal loopholes
By Hilary Russ NEW YORK (Reuters) – Labor unions on Thursday asked a United Nations agency to investigate whether gaps…
Telecom Italia CEO says service business can stand on own two feet
MILAN (Reuters) – The head of Telecom Italia (TIM) said the company’s service business is “already sustainable” as a standalone…
Erdogan’s rival boosted by withdrawal, poll lead ahead of Turkey vote
By Ece Toksabay and Birsen Altayli ANKARA (Reuters) -The man challenging Tayyip Erdogan in Turkey’s presidential elections this weekend received…
US producer prices increase moderately in April
WASHINGTON (Reuters) – U.S. producer prices rebounded modestly in April, leading to the smallest annual increase in producer inflation in…