By Akash Sriram and Aditya Soni (Reuters) -Elon Musk’s bet to sacrifice margins now for improved margins later when full self-driving software is completely integrated into Tesla cars failed to impress investors, sending the electric-vehicle maker’s shares down nearly 10% on Thursday. Musk, who has waged a price war against EV rivals since last year,…
By Herbert Lash NEW YORK (Reuters) -The dollar rallied and a gauge of global equities slid on Thursday after data once again highlighted persistent U.S. labor market strength, suggesting the Federal Reserve will keep interest rates higher for longer to curb inflation. Fewer-than-expected Americans filed new claims for unemployment benefits last week, the Labor Department…
By Ju-min Park and Matt Spetalnick SEOUL/WASHINGTON (Reuters) – North Korea remained silent on Thursday about a U.S. soldier who split from a tour group and made a dash across the heavily fortified border two days earlier, landing Washington in a new diplomatic quandary amid an already tense military standoff. U.S. officials said Pyongyang has…
By Manya Saini, Nupur Anand and Tatiana Bautzer (Reuters) -U.S. regional bank stocks fell on Thursday after quarterly earnings showed it was getting more costly for lenders to retain deposits. Shares of Discover Financial Services tanked 16% after it disclosed a regulatory review. Discover incorrectly classified some credit card accounts from around mid-2007, while the…
By Bhanvi Satija and Patrick Wingrove (Reuters) -Johnson & Johnson on Thursday expressed optimism for strong growth this year, saying it expected to surpass profit estimates with joint replacement and other surgeries rebounding after COVID-19 and inflation tempering, as its shares rose 6%. J&J also told investors it was banking on strong demand for its…
By David Shepardson WASHINGTON (Reuters) -U.S. Transportation Secretary Pete Buttigieg said the department was investigating why Delta Air Lines passengers remained on board a plane at the Las Vegas airport that sat on the tarmac in extreme heat on Monday, citing reports that the plane sat there for four hours. “I want to know how…
By Timothy Gardner and Patricia Zengerle WASHINGTON (Reuters) – The U.S. Senate overwhelmingly passed an amendment to an annual defense bill on Thursday that would ban exports to China of oil from the Strategic Petroleum Reserve. The tally was 85 to 14 in favor of the measure, beyond the 60 votes needed in the 100-member…
By Agnieszka Pikulicka-Wilczewska KOLPIN-OGRODNIKI, Poland (Reuters) – People living near Poland’s border with Belarus said on Thursday they could hear shooting and helicopters after Russia’s Wagner Group arrived to train Belarusian special forces just a few miles from the frontier, compounding their fears the Ukraine war would reach them. Agata Moroz, the 56-year-old village mayor…
By Trevor Hunnicutt WASHINGTON (Reuters) – The White House on Thursday expressed regret that Henry Kissinger was able to get more of an audience in Beijing than some sitting U.S. officials, after the former top diplomat held talks in China. Kissinger — an architect of normalizing ties between Washington and Beijing in the 1970s as…
By Samrhitha A (Reuters) -Shares of Netflix tumbled more than 8% on Thursday after the video-streaming pioneer’s lackluster revenue rise sparked concerns of a longer road to growth from its new initiatives. The company added nearly 6 million subscribers in the second quarter – almost three times above Wall Street’s expectations – thanks to a…
