By Trevor Hunnicutt and Jeff Mason PHILADELPHIA (Reuters) -U.S. President Joe Biden on Monday took shots at his likely 2024 rival, Donald Trump, in a Labor Day speech aimed at shoring up support in Pennsylvania, a state he needs to win next year to retain the White House. A self-described champion of labor unions, Biden…
Tesla, Inc. (NASDAQ:TSLA) witnessed a notable increase in its sales performance in China for the month of August. Preliminary data from the China Passenger Car Association indicates that the company sold 84,159 electric vehicles (EVs) produced in China during the month. This figure reflects a significant 9.4% rise compared to the 76,965 units sold during…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices edged higher on Monday on expectations that OPEC+ would keep supplies tight and speculation that the U.S. Federal Reserve will cease its aggressive interest rate hike campaign. Saudi Arabia has spearheaded efforts to support prices, making large voluntary output cuts as part of a production deal agreed…
BEIJING (Reuters) – Tesla showed off its restyled, China-made Model 3 sedan for the first time to the public at a trade fair in Beijing, after launching it a day before in several countries. The U.S. automaker displayed a flame red version of the car – marking the first change to its mass-market car line-up…
By Echo Wang and Anirban Sen NEW YORK (Reuters) – Arm Holdings Ltd, the chip designer owned by SoftBank Group Corp, is planning to ask investors to pay $47 to $51 for each of its shares when it begins marketing its initial public offering (IPO) next week, people familiar with the matter said on Saturday….
By Joseph White MUNICH (Reuters) – BMW is once again turning to the “Neue Klasse” brand – this time as an electric vehicle – as the German automaker seeks to replicate past successes to catch up with trailblazer Tesla. During the early 1960s, BMW was a struggling enterprise with an uncertain future, overshadowed by Volkswagen,…
By Hyunsu Yim SEOUL (Reuters) -North Korea fired several cruise missiles towards the Yellow Sea in the early hours of Saturday, according to the South Korean military. Details of the launch were being analyzed by South Korean and U.S. intelligence authorities, South Korea’s Joint Chiefs of Staff said in a statement. It was the latest…
(Reuters) – Shares of Blackstone and Airbnb rallied in extended trade on Friday after S&P Dow Jones Indices said the two companies would join the S&P 500 index. Blackstone was up 4.1%, while Airbnb jumped 5% after S&P Dow Jones Indices said the companies would replace Lincoln National Corp and Newell Brands Inc before the…
(Reuters) -Walt Disney and Charter Communications traded salvos over their unresolved distribution agreement after several channels including ESPN went dark on Thursday for customers of Charter’s Spectrum cable service. Disney pulled ESPN, ABC and other cable channels off Spectrum, which serves huge markets including New York and Los Angeles, in the middle of U.S. Open…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, buoyed by expectations of tightening supplies. Saudi Arabia is widely expected to extend a voluntary 1 million barrel per day oil production cut into October, prolonging supply curbs engineered by…
